Communication Services

Formula One Group (FWONK) options and signal

Figures as of 28 Sep 2026

FWONK is Formula One Group, a Communication Services 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	71 of 100	28 Sep
At the money IV	46.3%	28 Sep
Priced move to 16 Oct	10.3% down, 10.9% up	28 Sep
Call wall and put wall	100 and 90	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	94.86	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

FWONK's IV rank is 71 of 100 on 28 Sep 2026.

Figure	Value
IV rank	71 of 100
At the money IV	46.3%, near month, 18 days
Put/call ratio, open interest	0.20
Call open interest, strikes captured near the price	19,600 contracts
Put open interest, strikes captured near the price	3,930 contracts
Cost to trade at the money	Wide, 118.5% of the option's mid price

IV rank is where the at the money IV sits among FWONK'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, FWONK options priced a move of 10.3 percent down and 10.9 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	10.3%	10.9%	85.11 to 105.16
20 Nov 2026	53	15.9%	13.2%	79.76 to 107.36
18 Dec 2026	81	19.1%	17.8%	76.76 to 111.76
19 Feb 2027	144	22.8%	26.1%	73.26 to 119.66

The range is one standard deviation either side of the close of 94.86, 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, FWONK's call wall is the 100 strike and its put wall is the 90 strike.

Figure	Value
Call wall, most open call gamma	100
Put wall, most open put gamma	90
Flip strike, where net gamma changes sign	91.59
Net dollar gamma, calls minus puts	$3.12 million
Total dollar gamma, both sides	$4.86 million
Close	94.86

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, FWONK's at the money IV is 46.3 percent against 20 day realized volatility of 21.5 percent.

Figure	Value
At the money IV	46.3%
Realized volatility, 20 trading days	21.5%
Realized volatility, 60 trading days	24.7%
IV against its own weekly record	In the middle
Weekly readings on record	420, from 21 Jul 2017
Weeks the price moved more than the one week priced move	21.2% of 217 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, FWONK's at the money IV runs from 46.3 percent at 18 days to 41.3 percent at 144 days.

Days to expiry	At the money IV
18	46.3%
53	41.2%
81	38.6%
144	41.3%

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 53 day expiry, FWONK's IV ten percent below the price sits 0.5 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	40.8%	-0.5 points
At the money	41.2%	0.0 points
10% above the price	39.6%	-1.7 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, FWONK's surface spans 4 expiries out to 144 days, with IV from 34.8 to 112.1 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	12
Lowest IV among them	34.8%
Highest IV among them	112.1%

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, FWONK 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	46.3%	1,748	1,213
20 Nov 2026	53	41.2%	6,658	1,587
18 Dec 2026	81	38.6%	10,971	927
19 Feb 2027	144	41.3%	174	200

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, FWONK's largest open interest sits at the 100 strike, with 6,287 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
100	5,923	364	6,287
105	4,103	421	4,524
95	4,025	158	4,183
110	2,866	0	2,866
115	2,476	1	2,477
90	8	1,228	1,236

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, FWONK's at the money IV moved from 42.5 percent to 46.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	42.5%	46.3%	+3.8 points
Open interest, strikes captured near the price	23,488	23,478	-10
Put/call ratio, open interest	0.20	0.20	+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, 2,216 FWONK option contracts traded, 0.4 times its own recent average.

Figure	Value
Calls traded	734
Puts traded	1,482
Against its recent average	0.4 times
Busier than	2 of its last 20 trading days
Open interest, whole chain	23,510 contracts
Volume to open interest	0.09
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 FWONK'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	102.38	$6.84 million	100	95
21 Sep 2026	96.43	$3.92 million	115	85
28 Sep 2026	94.86	$3.12 million	100	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 FWONK was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	97.64, the swing high of 22 Sep 2026
Level below the close	94.68, the swing low of 8 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
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 FWONK sat at the 20th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	9 of 100	Bearish
20 trading days	6 of 100	Bearish
45 trading days	20 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 FWONK's near timeframes were bearish and its long timeframe was neutral, paper trading.

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	20 of 100
24 Sep 2026	None	22 of 100
23 Sep 2026	None	37 of 100
22 Sep 2026	None	21 of 100
21 Sep 2026	None	17 of 100
18 Sep 2026	None	24 of 100
17 Sep 2026	None	20 of 100
16 Sep 2026	None	13 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, 10 of 37 Communication Services names were bullish and 12 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Communication Services	37	10	12	15

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

FWONK closed at 94.86 on 28 Sep 2026.

Figure	Value
Last close	94.86
Change over 5 trading days	-1.6%
Change over 21 trading days	-7.1%
Change over 63 trading days	+1.5%
Change over 252 trading days	-8.8%
52 week high	109.36
52 week low	80.15
20 day moving average	95.64
50 day moving average	98.91
200 day moving average	92.25
RSI, 14 days	43

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

FWONK reports next on 5 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	5 Nov 2026, before the open
Date	Confirmed by the company
Move after the report of 29 Jul 2026	-1.9%
Move after the report of 30 Apr 2026	+2.3%
Move after the report of 28 Jan 2026	-0.9%
Move after the report of 7 May 2025	+2.4%

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

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Public Filings

The filings the desk holds carry 1 recent trade in FWONK shares.

Filed	Who	Trade	Size
9 Sep 2026	. April McClain Delaney, member of Congress	Bought	$1,001 to $15,000

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 12 Septembers on record, FWONK's average change was plus 0.2 percent, and it rose in 33.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.2%	-1.9%	33.3%	12
October	+1.1%	+1.1%	58.3%	12
November	+3.5%	+3.2%	58.3%	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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Headlines

The desk's news feeds carried 1 headline naming FWONK 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 FWONK's IV rank?: FWONK's IV rank is 71 of 100 on 28 Sep 2026.
What move are FWONK options pricing?: On 28 Sep 2026, FWONK options priced a move of 10.3 percent down and 10.9 percent up by 16 Oct 2026.
Where are FWONK's call wall and put wall?: On 28 Sep 2026, FWONK's call wall is the 100 strike and its put wall is the 90 strike.
What was the desk's latest view of FWONK on the Free plan?: On 25 Sep 2026 the desk's view of FWONK was neutral, paper trading.
When does FWONK report earnings next?: FWONK reports next on 5 Nov 2026, a date confirmed by the company.

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Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

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