Financials

Futu Holdings Limited (FUTU) options and signal

Figures as of 28 Sep 2026

FUTU is Futu Holdings Limited, a Financials 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

FigureValueDate
IV rank46 of 10028 Sep
At the money IV61.8%28 Sep
Priced move to 30 Oct18.5% down, 16.9% up28 Sep
Call wall and put wall130 and 11028 Sep
Signal and the desk's viewNo signal, view neutral25 Sep
Last close112.2728 Sep
Next report17 Nov 202628 Sep

Options Snapshot

FUTU's IV rank is 46 of 100 on 28 Sep 2026.

FigureValue
IV rank46 of 100
At the money IV61.8%, near month, 32 days
Put/call ratio, open interest1.28
Call open interest, strikes captured near the price22,300 contracts
Put open interest, strikes captured near the price28,600 contracts
Cost to trade at the moneyWide, 86.0% of the option's mid price

IV rank is where the at the money IV sits among FUTU'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, FUTU options priced a move of 18.5 percent down and 16.9 percent up by 30 Oct 2026.

ExpiryDaysDownUpRange
2 Oct 202645.0%5.8%106.69 to 118.74
9 Oct 20261113.9%8.8%96.67 to 122.19
16 Oct 20261814.0%11.6%96.57 to 125.27
23 Oct 20262513.3%14.0%97.37 to 127.97
30 Oct 20263218.5%16.9%91.47 to 131.27
20 Nov 20265318.1%19.7%91.97 to 134.37
19 Feb 202714431.1%32.9%77.37 to 149.17

The range is one standard deviation either side of the close of 112.27, 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, FUTU's call wall is the 130 strike and its put wall is the 110 strike.

FigureValue
Call wall, most open call gamma130
Put wall, most open put gamma110
Net dollar gamma, calls minus putsminus $785,188
Total dollar gamma, both sides$9.2 million
Close112.27

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.

Net gamma changes sign at 10 strikes, so no single flip strike is named.

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, FUTU's at the money IV is 61.8 percent against 20 day realized volatility of 30.7 percent.

FigureValue
At the money IV61.8%
Realized volatility, 20 trading days30.7%
Realized volatility, 60 trading days48.0%
IV against its own weekly recordIn the middle
Weekly readings on record297, from 7 Aug 2020
Weeks the price moved more than the one week priced move28.0% 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.

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Volatility Weather

On 28 Sep 2026, FUTU's at the money IV runs from 58.6 percent at 4 days to 51.1 percent at 144 days.

Days to expiryAt the money IV
458.6%
1155.3%
1853.3%
2557.9%
3261.8%
5357.7%
10952.5%
14451.1%

Near expiries price more volatility than far ones, an inverted 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 32 day expiry, FUTU's IV ten percent below the price sits 6.8 points above at the money IV.

Strike areaImplied volatilityAgainst at the money
10% below the price68.6%+6.8 points
At the money61.8%0.0 points
10% above the price52.4%-9.4 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, FUTU's surface spans 8 expiries out to 144 days, with IV from 3.1 to 83.0 percent near the price.

FigureValue
Expiries captured8
Nearest expiry2 Oct 2026, 4 days
Farthest expiry19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more103
Lowest IV among them3.1%
Highest IV among them83.0%

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

Open Volatility Surface in RingMasterThe Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, FUTU has 8 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

ExpiryDaysAt the money IVCall open interestPut open interest
2 Oct 2026458.6%2,7791,691
9 Oct 20261155.3%6681,141
16 Oct 20261853.3%4,7117,392
23 Oct 20262557.9%313260
30 Oct 20263261.8%430522
20 Nov 20265357.7%6,1257,424
15 Jan 202710952.5%4,6038,066
19 Feb 202714451.1%2,7102,091

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, FUTU's largest open interest sits at the 130 strike, with 3,498 contracts across the captured expiries.

StrikeCall open interestPut open interestTotal
1303,431673,498
9082,8082,816
1106991,9912,690
1052592,2492,508
97.452352,0622,297
1002231,6441,867

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, FUTU's at the money IV moved from 54.4 percent to 61.8 percent.

Figure25 Sep28 SepChange
At the money IV54.4%61.8%+7.4 points
Open interest, strikes captured near the price48,42550,926+2,501
Put/call ratio, open interest1.391.28-0.11

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 RingMasterThe Since Yesterday guide

Changed Hands

On 28 Sep 2026, 8,748 FUTU option contracts traded, 0.8 times its own recent average.

FigureValue
Calls traded4,480
Puts traded4,268
Against its recent average0.8 times
Busier than0 of its last 20 trading days
Open interest, whole chain87,262 contracts
Volume to open interest0.10
Unusual volume flagNo

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 FUTU's option positioning, from 11 Aug 2026 to 28 Sep 2026.

DateCloseNet dollar gammaTop call strikeTop put strike
11 Aug 2026105.16minus $159,45211297.5
21 Sep 2026114.05minus $783,137130110
28 Sep 2026112.27minus $785,188130110

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 FUTU was neutral, paper trading.

FigureValue
SideNeutral at 45 trading days, no signal
Level above the close117.04, the swing high of 22 Sep 2026
Level below the close108.21, the swing low of 15 Sep 2026
Strategy familyLong straddle (buy a call and a put at the same strike)
Price targetNone. 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 RingMasterThe Read-out guide

Rank by Timeframe

On 25 Sep 2026 FUTU sat at the 55th percentile of the model's 45 trading day ranking, paper trading.

TimeframePercentileSide
10 trading days65 of 100Neutral
20 trading days74 of 100Neutral
45 trading days55 of 100Neutral

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 RingMasterThe Rank by Timeframe guide

Timeframe Agreement

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

GroupTimeframesSideOn that side
Near10 day, 20 dayNeutral0 of 2
Long45 dayNeutral0 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 RingMasterThe Timeframe Agreement guide

Signal History

On 25 Sep 2026 FUTU had carried no signal for at least 18 trading days, paper trading.

Trading daySignal45 day percentile
25 Sep 2026None55 of 100
24 Sep 2026None52 of 100
23 Sep 2026None51 of 100
22 Sep 2026None40 of 100
21 Sep 2026None62 of 100
18 Sep 2026None51 of 100
17 Sep 2026None73 of 100
16 Sep 2026None59 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 RingMasterThe Signal History guide

Sector Split

On 25 Sep 2026, 63 of 135 Financials names were bullish and 32 were bearish, paper trading.

SectorNamesBullishBearishNeutral
Financials135633240

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

FUTU closed at 112.27 on 28 Sep 2026.

FigureValue
Last close112.27
Change over 5 trading days-1.6%
Change over 21 trading days-9.9%
Change over 63 trading days+15.5%
Change over 252 trading days-37.3%
52 week high202.53
52 week low80.50
20 day moving average114.43
50 day moving average111.23
200 day moving average133.18
RSI, 14 days49

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

FUTU reports next on 17 Nov 2026, a date worked out from past quarters.

FigureValue
Next report17 Nov 2026
DateWorked out from past quarters

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

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Seasonality

In the 7 Septembers on record, FUTU's average change was plus 0.5 percent, and it rose in 28.6 percent of them.

MonthAverage changeMiddle changeShare of years upYears
September+0.5%-4.4%28.6%7
October-5.5%-1.8%28.6%7
November+12.9%-3.0%28.6%7

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 FUTU's IV rank?
FUTU's IV rank is 46 of 100 on 28 Sep 2026.
What move are FUTU options pricing?
On 28 Sep 2026, FUTU options priced a move of 18.5 percent down and 16.9 percent up by 30 Oct 2026.
Where are FUTU's call wall and put wall?
On 28 Sep 2026, FUTU's call wall is the 130 strike and its put wall is the 110 strike.
What was the desk's latest view of FUTU on the Free plan?
On 25 Sep 2026 the desk's view of FUTU was neutral, paper trading.
When does FUTU report earnings next?
FUTU reports next on 17 Nov 2026, a date worked out from past quarters.

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