Materials

Element Solutions Inc (ESI) options and signal

Figures as of 28 Sep 2026

ESI is Element Solutions Inc, a Materials name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	27 of 100	28 Sep
At the money IV	51.8%	28 Sep
Priced move to 16 Oct	11.0% down, 10.6% up	28 Sep
Call wall and put wall	35 and 30	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	35.12	28 Sep
Next report	27 Oct 2026	28 Sep

Options Snapshot

ESI's IV rank is 27 of 100 on 28 Sep 2026.

Figure	Value
IV rank	27 of 100
At the money IV	51.8%, near month, 18 days
Put/call ratio, open interest	0.93
Call open interest, strikes captured near the price	24,600 contracts
Put open interest, strikes captured near the price	22,900 contracts
Cost to trade at the money	Wide, 52.3% of the option's mid price

IV rank is where the at the money IV sits among ESI's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, ESI options priced a move of 11.0 percent down and 10.6 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.0%	10.6%	31.26 to 38.84
20 Nov 2026	53	19.6%	19.2%	28.25 to 41.88
18 Dec 2026	81	24.2%	24.3%	26.61 to 43.66
19 Feb 2027	144	34.5%	32.2%	23.02 to 46.42

The range is one standard deviation either side of the close of 35.12, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, ESI's call wall is the 35 strike and its put wall is the 30 strike.

Figure	Value
Call wall, most open call gamma	35
Put wall, most open put gamma	30
Flip strike, where net gamma changes sign	33.85
Net dollar gamma, calls minus puts	$128,656
Total dollar gamma, both sides	$2.62 million
Close	35.12

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, ESI's at the money IV is 51.8 percent against 20 day realized volatility of 46.2 percent.

Figure	Value
At the money IV	51.8%
Realized volatility, 20 trading days	46.2%
Realized volatility, 60 trading days	45.6%
IV against its own weekly record	In the middle
Weekly readings on record	472, from 25 Oct 2013
Weeks the price moved more than the one week priced move	11.8% of 187 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, ESI's at the money IV runs from 51.8 percent at 18 days to 54.8 percent at 144 days.

Days to expiry	At the money IV
18	51.8%
53	48.3%
81	52.2%
144	54.8%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, ESI's IV ten percent below the price sits 9.3 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	57.5%	+9.3 points
At the money	48.3%	0.0 points
10% above the price	62.4%	+14.1 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, ESI's surface spans 4 expiries out to 144 days, with IV from 46.7 to 68.3 percent near the price.

Figure	Value
Expiries captured	4
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	24
Lowest IV among them	46.7%
Highest IV among them	68.3%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, ESI has 4 captured expiries, from 16 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	51.8%	1,838	9,531
20 Nov 2026	53	48.3%	10,399	9,012
18 Dec 2026	81	52.2%	7,284	4,322
19 Feb 2027	144	54.8%	5,078	64

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, ESI's largest open interest sits at the 35 strike, with 14,738 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
35	14,684	54	14,738
30	32	9,762	9,794
29	0	5,013	5,013
32	37	4,302	4,339
42	4,035	0	4,035
33	45	3,320	3,365

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, ESI's at the money IV moved from 48.6 percent to 51.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	48.6%	51.8%	+3.2 points
Open interest, strikes captured near the price	47,547	47,528	-19
Put/call ratio, open interest	0.93	0.93	+0.00

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 2,760 ESI option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	723
Puts traded	2,037
Against its recent average	0.8 times
Busier than	9 of its last 20 trading days
Open interest, whole chain	47,581 contracts
Volume to open interest	0.06
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of ESI's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	37.65	$717,629	41	35
21 Sep 2026	33.42	minus $689,064	35	33
28 Sep 2026	35.12	$128,656	35	30

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of ESI was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	36.79, the swing high of 8 Sep 2026
Level below the close	33.49, the swing low of 3 Sep 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 ESI sat at the 64th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	63 of 100	Neutral
20 trading days	35 of 100	Neutral
45 trading days	64 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 ESI's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 ESI had carried no signal for 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	64 of 100
24 Sep 2026	None	71 of 100
23 Sep 2026	None	54 of 100
22 Sep 2026	None	58 of 100
21 Sep 2026	None	85 of 100
18 Sep 2026	Bullish	97 of 100
17 Sep 2026	None	89 of 100
16 Sep 2026	None	94 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 35 of 62 Materials names were bullish and 11 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Materials	62	35	11	16

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

ESI closed at 35.12 on 28 Sep 2026.

Figure	Value
Last close	35.12
Change over 5 trading days	+5.1%
Change over 21 trading days	-3.8%
Change over 63 trading days	-24.1%
Change over 252 trading days	+41.5%
52 week high	49.25
52 week low	22.86
20 day moving average	34.36
50 day moving average	36.03
200 day moving average	35.79
RSI, 14 days	50

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

ESI reports next on 27 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	27 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 27 Jul 2026	-3.5%
Move after the report of 28 Apr 2026	+9.8%
Move after the report of 26 Jan 2026	-0.7%
Move after the report of 23 Apr 2025	+6.8%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 12 Septembers on record, ESI's average change was minus 6.6 percent, and it rose in 16.7 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-6.6%	-4.8%	16.7%	12
October	-1.1%	+1.9%	50.0%	12
November	+8.7%	+8.2%	75.0%	12

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Questions

What is ESI's IV rank?: ESI's IV rank is 27 of 100 on 28 Sep 2026.
What move are ESI options pricing?: On 28 Sep 2026, ESI options priced a move of 11.0 percent down and 10.6 percent up by 16 Oct 2026.
Where are ESI's call wall and put wall?: On 28 Sep 2026, ESI's call wall is the 35 strike and its put wall is the 30 strike.
What was the desk's latest view of ESI on the Free plan?: On 25 Sep 2026 the desk's view of ESI was neutral, paper trading.
When does ESI report earnings next?: ESI reports next on 27 Oct 2026, a date worked out from past quarters.

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