Health Care

Exelixis, Inc. (EXEL) options and signal

Figures as of 28 Sep 2026

EXEL is Exelixis, Inc., a Health Care 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	18 of 100	28 Sep
At the money IV	43.8%	28 Sep
Priced move to 16 Oct	11.9% down, 8.7% up	28 Sep
Call wall and put wall	60 and 50	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	58.37	28 Sep
Next report	27 Oct 2026	28 Sep

Options Snapshot

EXEL's IV rank is 18 of 100 on 28 Sep 2026.

Figure	Value
IV rank	18 of 100
At the money IV	43.8%, near month, 18 days
Put/call ratio, open interest	2.18
Call open interest, strikes captured near the price	14,800 contracts
Put open interest, strikes captured near the price	32,200 contracts
Cost to trade at the money	Wide, 49.1% of the option's mid price

IV rank is where the at the money IV sits among EXEL'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, EXEL options priced a move of 11.9 percent down and 8.7 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.9%	8.7%	51.42 to 63.47
20 Nov 2026	53	19.7%	17.5%	46.87 to 68.57
18 Dec 2026	81	23.8%	24.8%	44.47 to 72.87
15 Jan 2027	109	28.4%	23.6%	41.77 to 72.17
19 Feb 2027	144	32.6%	33.4%	39.37 to 77.87

The range is one standard deviation either side of the close of 58.37, 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.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, EXEL's call wall is the 60 strike and its put wall is the 50 strike.

Figure	Value
Call wall, most open call gamma	60
Put wall, most open put gamma	50
Flip strike, where net gamma changes sign	57.57
Net dollar gamma, calls minus puts	minus $850,486
Total dollar gamma, both sides	$3.79 million
Close	58.37

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.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, EXEL's at the money IV is 43.8 percent against 20 day realized volatility of 29.4 percent.

Figure	Value
At the money IV	43.8%
Realized volatility, 20 trading days	29.4%
Realized volatility, 60 trading days	34.8%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	848, from 8 Jan 2010
Weeks the price moved more than the one week priced move	16.1% of 236 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, EXEL's at the money IV runs from 43.8 percent at 18 days to 52.8 percent at 144 days.

Days to expiry	At the money IV
18	43.8%
53	51.8%
81	52.5%
109	49.1%
144	52.8%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Surface

On 28 Sep 2026, EXEL's surface spans 5 expiries out to 144 days, with IV from 39.0 to 55.7 percent near the price.

Figure	Value
Expiries captured	5
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	10
Lowest IV among them	39.0%
Highest IV among them	55.7%

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

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Expiry Ladder

On 28 Sep 2026, EXEL has 5 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	43.8%	3,639	14,342
20 Nov 2026	53	51.8%	2,349	1,627
18 Dec 2026	81	52.5%	1,482	13,710
15 Jan 2027	109	49.1%	6,853	2,056
19 Feb 2027	144	52.8%	436	416

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, EXEL's largest open interest sits at the 50 strike, with 18,351 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
50	2,907	15,444	18,351
40	237	10,525	10,762
55	1,892	4,467	6,359
65	3,738	0	3,738
60	2,933	315	3,248
45	631	150	781

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, EXEL's at the money IV moved from 38.5 percent to 43.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	38.5%	43.8%	+5.3 points
Open interest, strikes captured near the price	45,554	46,910	+1,356
Put/call ratio, open interest	2.31	2.18	-0.13

Open interest changes cannot identify buyers or sellers.

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

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 3,899 EXEL option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	625
Puts traded	3,274
Against its recent average	0.9 times
Busier than	8 of its last 20 trading days
Open interest, whole chain	47,980 contracts
Volume to open interest	0.08
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 EXEL'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	51.33	minus $1.88 million	60	50
21 Sep 2026	57.22	minus $1.27 million	65	50
28 Sep 2026	58.37	minus $850,486	60	50

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 EXEL was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	59.15, the swing high of 18 Sep 2026, a close past it runs against the view
Level below the close	56.26, the swing low of 23 Sep 2026
The chart	Sits against the view
Strategy family	Bear put spread (buy a put spread)
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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 EXEL sat at the 9th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	39 of 100	Neutral
20 trading days	11 of 100	Bearish
45 trading days	9 of 100	Bearish

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.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026, 2 of 3 timeframes put EXEL on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	1 of 2
Long	45 day	Bearish	1 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 EXEL had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	9 of 100
24 Sep 2026	None	16 of 100
23 Sep 2026	None	29 of 100
22 Sep 2026	None	34 of 100
21 Sep 2026	None	19 of 100
18 Sep 2026	None	40 of 100
17 Sep 2026	None	23 of 100
16 Sep 2026	None	32 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, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Health Care	120	32	52	36

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

EXEL closed at 58.37 on 28 Sep 2026.

Figure	Value
Last close	58.37
Change over 5 trading days	+2.0%
Change over 21 trading days	+5.6%
Change over 63 trading days	+7.5%
Change over 252 trading days	+50.9%
52 week high	59.72
52 week low	33.76
20 day moving average	57.55
50 day moving average	55.61
200 day moving average	48.73
RSI, 14 days	57

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

EXEL reports next on 27 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	27 Oct 2026, after the close
Date	Confirmed by the company
Move after the report of 5 Aug 2026	-7.9%
Move after the report of 30 Apr 2026	-1.8%
Move after the report of 28 Jan 2026	-0.9%
Move after the report of 13 May 2025	+20.8%

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

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Public Filings

1 of the 10 fund managers the desk tracks list EXEL among the top holdings of their latest quarterly report.

Fund manager
Renaissance Technologies

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

Filings as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, EXEL's average change was minus 1.5 percent, and it rose in 47.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.5%	-0.3%	47.8%	23
October	-0.1%	+1.8%	56.5%	23
November	+4.2%	+3.0%	60.9%	23

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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Headlines

The desk's news feeds carried 1 headline naming EXEL in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is EXEL's IV rank?: EXEL's IV rank is 18 of 100 on 28 Sep 2026.
What move are EXEL options pricing?: On 28 Sep 2026, EXEL options priced a move of 11.9 percent down and 8.7 percent up by 16 Oct 2026.
Where are EXEL's call wall and put wall?: On 28 Sep 2026, EXEL's call wall is the 60 strike and its put wall is the 50 strike.
What was the desk's latest view of EXEL on the Free plan?: On 25 Sep 2026 the desk's view of EXEL was bearish, paper trading.
When does EXEL report earnings next?: EXEL reports next on 27 Oct 2026, a date confirmed by the company.

More Health Care names

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