Information Technology

Flex Ltd. (FLEX) options and signal

Figures as of 28 Sep 2026

FLEX is Flex Ltd., an Information Technology 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	87 of 100	28 Sep
At the money IV	58.9%	28 Sep
Priced move to 16 Oct	11.9% down, 11.8% up	28 Sep
Call wall and put wall	120 and 90	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	113.04	28 Sep
Next report	28 Oct 2026	28 Sep

Options Snapshot

FLEX's IV rank is 87 of 100 on 28 Sep 2026.

Figure	Value
IV rank	87 of 100
At the money IV	58.9%, near month, 18 days
Put/call ratio, open interest	0.42
Call open interest, strikes captured near the price	33,400 contracts
Put open interest, strikes captured near the price	14,100 contracts
Cost to trade at the money	Wide, 42.0% of the option's mid price

IV rank is where the at the money IV sits among FLEX'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.

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Priced Range

On 28 Sep 2026, FLEX options priced a move of 11.9 percent down and 11.8 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.9%	11.8%	99.54 to 126.34
20 Nov 2026	53	25.8%	27.1%	83.84 to 143.64
15 Jan 2027	109	35.2%	35.7%	73.24 to 153.44
19 Feb 2027	144	39.4%	42.6%	68.54 to 161.24
16 Apr 2027	200	45.9%	51.2%	61.14 to 170.94

The range is one standard deviation either side of the close of 113.04, 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, FLEX's call wall is the 120 strike and its put wall is the 90 strike.

Figure	Value
Call wall, most open call gamma	120
Put wall, most open put gamma	90
Flip strike, where net gamma changes sign	107.3
Net dollar gamma, calls minus puts	$3.11 million
Total dollar gamma, both sides	$7.33 million
Close	113.04

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, FLEX's at the money IV is 58.9 percent against 20 day realized volatility of 47.3 percent.

Figure	Value
At the money IV	58.9%
Realized volatility, 20 trading days	47.3%
Realized volatility, 60 trading days	59.5%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	824, from 8 Jan 2010
Weeks the price moved more than the one week priced move	29.5% of 234 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, FLEX's at the money IV runs from 58.9 percent at 18 days to 61.1 percent at 200 days.

Days to expiry	At the money IV
18	58.9%
53	72.7%
109	66.2%
144	65.5%
200	61.1%

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, FLEX's IV ten percent below the price sits 0.2 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	72.5%	-0.2 points
At the money	72.7%	0.0 points
10% above the price	68.8%	-3.8 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, FLEX's surface spans 5 expiries out to 200 days, with IV from 51.5 to 76.1 percent near the price.

Figure	Value
Expiries captured	5
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	20
Lowest IV among them	51.5%
Highest IV among them	76.1%

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, FLEX has 5 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	58.9%	12,441	6,083
20 Nov 2026	53	72.7%	7,893	4,958
15 Jan 2027	109	66.2%	11,098	2,459
19 Feb 2027	144	65.5%	927	448
16 Apr 2027	200	61.1%	1,027	121

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, FLEX's largest open interest sits at the 120 strike, with 7,386 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
120	6,534	852	7,386
130	3,647	782	4,429
125	3,380	808	4,188
90	142	3,793	3,935
170	3,725	22	3,747
135	2,903	316	3,219

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, FLEX's at the money IV moved from 60.6 percent to 58.9 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	60.6%	58.9%	-1.7 points
Open interest, strikes captured near the price	44,132	47,455	+3,323
Put/call ratio, open interest	0.47	0.42	-0.05

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, 5,668 FLEX option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	3,257
Puts traded	2,411
Against its recent average	0.9 times
Busier than	6 of its last 20 trading days
Open interest, whole chain	54,652 contracts
Volume to open interest	0.10
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 FLEX'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	122.41	minus $1.98 million	135	115
21 Sep 2026	111.61	$532,449	120	90
28 Sep 2026	113.04	$3.11 million	120	90

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 FLEX was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	117.68, the swing high of 11 Sep 2026
Level below the close	112.94, the swing low of 17 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Cash-secured put (sell a put below the price)
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 FLEX sat at the 94th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	93 of 100	Bullish
20 trading days	91 of 100	Bullish
45 trading days	94 of 100	Bullish

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, 3 of 3 timeframes put FLEX on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	2 of 2
Long	45 day	Bullish	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 FLEX had carried no signal for 1 trading day, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	94 of 100
24 Sep 2026	Bullish	97 of 100
23 Sep 2026	None	67 of 100
22 Sep 2026	None	63 of 100
21 Sep 2026	None	79 of 100
18 Sep 2026	None	88 of 100
17 Sep 2026	None	79 of 100
16 Sep 2026	None	64 of 100

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

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Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

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

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Price Chart

FLEX closed at 113.04 on 28 Sep 2026.

Figure	Value
Last close	113.04
Change over 5 trading days	+1.3%
Change over 21 trading days	-2.0%
Change over 63 trading days	-29.2%
Change over 252 trading days	+100.1%
52 week high	166.86
52 week low	53.07
20 day moving average	110.52
50 day moving average	115.08
200 day moving average	98.74
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

FLEX reports next on 28 Oct 2026, and options priced an earnings move of 21.8 percent through 20 Nov 2026.

Figure	Value
Next report	28 Oct 2026, before the open
Date	Confirmed by the company
Priced earnings move	21.8%, a straddle of $24.65 at the 115 strike, expiring 20 Nov 2026
Move after the report of 29 Jul 2026	-9.1%
Move after the report of 30 Apr 2026	+0.2%
Move after the report of 28 Jan 2026	-1.2%
Move after the report of 7 May 2025	+3.2%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

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

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Company Events

FLEX filed 1 current report in the 14 days to 28 Sep 2026, the latest on 15 Sep 2026.

Filed	Report	What it covers
15 Sep 2026	Current report	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Other Events

Filings 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 FLEX among the top holdings of their latest quarterly report.

Fund manager
Third Point

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, FLEX's average change was plus 1.5 percent, and it rose in 56.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.5%	+1.2%	56.5%	23
October	-1.3%	+3.7%	52.2%	23
November	+1.9%	+1.0%	65.2%	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 FLEX 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 FLEX's IV rank?: FLEX's IV rank is 87 of 100 on 28 Sep 2026.
What move are FLEX options pricing?: On 28 Sep 2026, FLEX options priced a move of 11.9 percent down and 11.8 percent up by 16 Oct 2026.
Where are FLEX's call wall and put wall?: On 28 Sep 2026, FLEX's call wall is the 120 strike and its put wall is the 90 strike.
What was the desk's latest view of FLEX on the Free plan?: On 25 Sep 2026 the desk's view of FLEX was bullish, paper trading.
When does FLEX report earnings next?: FLEX reports next on 28 Oct 2026, and options priced an earnings move of 21.8 percent through 20 Nov 2026.

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