Information Technology

HP Inc (HPQ) options and signal

Figures as of 28 Sep 2026

HPQ is HP Inc, 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	96 of 100	28 Sep
At the money IV	51.0%	28 Sep
Priced move to 30 Oct	16.1% down, 16.1% up	28 Sep
Call wall and put wall	35 and 30	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	31.32	28 Sep
Next report	24 Nov 2026	28 Sep

Options Snapshot

HPQ's IV rank is 96 of 100 on 28 Sep 2026.

Figure	Value
IV rank	96 of 100
At the money IV	51.0%, near month, 32 days
Put/call ratio, open interest	1.15
Call open interest, strikes captured near the price	148,000 contracts
Put open interest, strikes captured near the price	170,000 contracts
Cost to trade at the money	Fair, 22.5% of the option's mid price

IV rank is where the at the money IV sits among HPQ'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, HPQ options priced a move of 16.1 percent down and 16.1 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.4%	5.6%	29.62 to 33.08
9 Oct 2026	11	8.8%	8.7%	28.56 to 34.04
23 Oct 2026	25	13.1%	14.6%	27.21 to 35.88
30 Oct 2026	32	16.1%	16.1%	26.27 to 36.36
20 Nov 2026	53	17.9%	19.3%	25.71 to 37.38
18 Dec 2026	81	25.6%	25.7%	23.30 to 39.38
19 Feb 2027	144	32.9%	31.6%	21.02 to 41.21

The range is one standard deviation either side of the close of 31.32, 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, HPQ'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
Net dollar gamma, calls minus puts	minus $2.34 million
Total dollar gamma, both sides	$16.8 million
Close	31.32

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 5 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, HPQ's at the money IV is 51.0 percent against 20 day realized volatility of 55.6 percent.

Figure	Value
At the money IV	51.0%
Realized volatility, 20 trading days	55.6%
Realized volatility, 60 trading days	51.0%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	861, from 8 Jan 2010
Weeks the price moved more than the one week priced move	29.4% of 252 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, HPQ's at the money IV runs from 52.7 percent at 4 days to 52.2 percent at 144 days.

Days to expiry	At the money IV
4	52.7%
11	52.5%
18	53.1%
25	51.5%
39	55.0%
53	49.6%
81	53.3%
144	52.2%

Near and far expiries price about the same volatility, a flat 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, HPQ's IV ten percent below the price sits 0.1 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	51.1%	+0.1 points
At the money	51.0%	0.0 points
10% above the price	55.2%	+4.2 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, HPQ's surface spans 10 expiries out to 144 days, with IV from 47.5 to 61.0 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	78
Lowest IV among them	47.5%
Highest IV among them	61.0%

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, HPQ has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	52.7%	7,479	5,481
9 Oct 2026	11	52.5%	2,597	3,465
16 Oct 2026	18	53.1%	26,312	102,907
23 Oct 2026	25	51.5%	1,402	1,558
30 Oct 2026	32	51.0%	492	1,007
6 Nov 2026	39	55.0%	11	17
20 Nov 2026	53	49.6%	26,474	15,100
18 Dec 2026	81	53.3%	21,081	15,793
15 Jan 2027	109	50.7%	57,052	21,808
19 Feb 2027	144	52.2%	4,609	3,180

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, HPQ's largest open interest sits at the 35 strike, with 43,226 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
35	24,399	18,827	43,226
30	18,603	19,798	38,401
24	814	26,464	27,278
29	1,408	19,375	20,783
34	8,806	11,618	20,424
28	7,578	8,629	16,207

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, HPQ's at the money IV moved from 52.2 percent to 51.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	52.2%	51.0%	-1.3 points
Open interest, strikes captured near the price	334,704	317,825	-16,879
Put/call ratio, open interest	1.15	1.15	+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, 15,249 HPQ option contracts traded, 0.4 times its own recent average.

Figure	Value
Calls traded	7,028
Puts traded	8,221
Against its recent average	0.4 times
Busier than	0 of its last 20 trading days
Open interest, whole chain	382,139 contracts
Volume to open interest	0.04
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 HPQ'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	29.07	minus $356,327	30	28
21 Sep 2026	32.95	minus $1.03 million	35	35
28 Sep 2026	31.32	minus $2.34 million	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 HPQ was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	32.56, the swing high of 17 Sep 2026, a close past it runs against the view
Level below the close	30.89, the swing low of 8 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above 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 HPQ sat at the 14th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	60 of 100	Neutral
20 trading days	89 of 100	Bullish
45 trading days	14 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.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put HPQ on the bearish side, paper trading.

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

The near timeframes and the long ones were on opposite sides, and the desk states both.

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 HPQ had carried no signal for 2 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	14 of 100
24 Sep 2026	None	50 of 100
23 Sep 2026	Bullish	47 of 100
22 Sep 2026	None	48 of 100
21 Sep 2026	None	16 of 100
18 Sep 2026	None	7 of 100
17 Sep 2026	None	14 of 100
16 Sep 2026	None	38 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

HPQ closed at 31.32 on 28 Sep 2026.

Figure	Value
Last close	31.32
Change over 5 trading days	-4.9%
Change over 21 trading days	+5.7%
Change over 63 trading days	+38.3%
Change over 252 trading days	+16.6%
52 week high	36.23
52 week low	17.56
20 day moving average	32.51
50 day moving average	30.03
200 day moving average	23.50
RSI, 14 days	49

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

HPQ reports next on 24 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	24 Nov 2026
Date	Worked out from past quarters

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

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Company Events

HPQ filed 1 current report in the 14 days to 28 Sep 2026, the latest on 21 Sep 2026.

Filed	Report	What it covers
21 Sep 2026	Current report	Regulation FD Disclosure

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

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Short Volume

On 25 Sep 2026, 64.7 percent of HPQ's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	64.7%
Five day average	58.5%
52 week median	62.3%

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, HPQ'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%	-0.9%	47.8%	23
October	+1.4%	+1.2%	56.5%	23
November	+4.0%	+3.4%	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 6 headlines naming HPQ in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	6
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 HPQ's IV rank?: HPQ's IV rank is 96 of 100 on 28 Sep 2026.
What move are HPQ options pricing?: On 28 Sep 2026, HPQ options priced a move of 16.1 percent down and 16.1 percent up by 30 Oct 2026.
Where are HPQ's call wall and put wall?: On 28 Sep 2026, HPQ's call wall is the 35 strike and its put wall is the 30 strike.
What was the desk's latest view of HPQ on the Free plan?: On 25 Sep 2026 the desk's view of HPQ was bearish, paper trading.
When does HPQ report earnings next?: HPQ reports next on 24 Nov 2026, a date worked out from past quarters.

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