Financials

Hut 8 Corp. (HUT) options and signal

Figures as of 28 Sep 2026

HUT is Hut 8 Corp., 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 rank9 of 10028 Sep
At the money IV89.1%28 Sep
Priced move to 30 Oct25.3% down, 27.2% up28 Sep
Call wall and put wall100 and 9028 Sep
Signal and the desk's viewNo signal, view neutral25 Sep
Last close92.7128 Sep
Next report4 Nov 202628 Sep

Options Snapshot

HUT's IV rank is 9 of 100 on 28 Sep 2026.

FigureValue
IV rank9 of 100
At the money IV89.1%, near month, 32 days
Put/call ratio, open interest0.47
Call open interest, strikes captured near the price104,000 contracts
Put open interest, strikes captured near the price48,800 contracts
Cost to trade at the moneyFair, 28.6% of the option's mid price

IV rank is where the at the money IV sits among HUT'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, HUT options priced a move of 25.3 percent down and 27.2 percent up by 30 Oct 2026.

ExpiryDaysDownUpRange
2 Oct 202647.9%10.5%85.40 to 102.40
9 Oct 20261114.1%17.0%79.61 to 108.51
23 Oct 20262523.2%23.9%71.21 to 114.91
30 Oct 20263225.3%27.2%69.21 to 117.91
20 Nov 20265334.4%37.1%60.81 to 127.11
18 Dec 20268141.9%44.2%53.91 to 133.71
19 Mar 202717259.4%66.2%37.61 to 154.11

The range is one standard deviation either side of the close of 92.71, 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, HUT's call wall is the 100 strike and its put wall is the 90 strike.

FigureValue
Call wall, most open call gamma100
Put wall, most open put gamma90
Net dollar gamma, calls minus puts$3.59 million
Total dollar gamma, both sides$14.24 million
Close92.71

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 4 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, HUT's at the money IV is 89.1 percent against 20 day realized volatility of 83.4 percent.

FigureValue
At the money IV89.1%
Realized volatility, 20 trading days83.4%
Realized volatility, 60 trading days103.1%
IV against its own weekly recordLow, in the bottom fifth
Weekly readings on record248, from 16 Jul 2021
Weeks the price moved more than the one week priced move26.7% 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, HUT's at the money IV runs from 92.4 percent at 4 days to 91.3 percent at 172 days.

Days to expiryAt the money IV
492.4%
1187.0%
1887.6%
2587.8%
3991.1%
5394.2%
8191.3%
17291.3%

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 32 day expiry, HUT's IV ten percent below the price sits 0.1 points below at the money IV.

Strike areaImplied volatilityAgainst at the money
10% below the price89.0%-0.1 points
At the money89.1%0.0 points
10% above the price89.8%+0.7 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, HUT's surface spans 10 expiries out to 172 days, with IV from 85.2 to 97.7 percent near the price.

FigureValue
Expiries captured10
Nearest expiry2 Oct 2026, 4 days
Farthest expiry19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more102
Lowest IV among them85.2%
Highest IV among them97.7%

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, HUT has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

ExpiryDaysAt the money IVCall open interestPut open interest
2 Oct 2026492.4%4,8569,343
9 Oct 20261187.0%5,3433,124
16 Oct 20261887.6%19,0048,311
23 Oct 20262587.8%9871,883
30 Oct 20263289.1%8821,464
6 Nov 20263991.1%3478
20 Nov 20265394.2%28,9747,550
18 Dec 20268191.3%9,4183,310
15 Jan 202710991.1%33,47110,933
19 Mar 202717291.3%7952,780

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, HUT's largest open interest sits at the 100 strike, with 20,597 contracts across the captured expiries.

StrikeCall open interestPut open interestTotal
10018,6381,95920,597
1509,96389,971
1057,8489448,792
903,8564,6518,507
503,7653,9587,723
1407,164307,194

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, HUT's at the money IV moved from 87.8 percent to 89.1 percent.

Figure25 Sep28 SepChange
At the money IV87.8%89.1%+1.3 points
Open interest, strikes captured near the price146,670152,540+5,870
Put/call ratio, open interest0.450.47+0.02

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, 13,613 HUT option contracts traded, 0.5 times its own recent average.

FigureValue
Calls traded8,453
Puts traded5,160
Against its recent average0.5 times
Busier than0 of its last 20 trading days
Open interest, whole chain210,954 contracts
Volume to open interest0.06
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 HUT's option positioning, from 11 Aug 2026 to 28 Sep 2026.

DateCloseNet dollar gammaTop call strikeTop put strike
11 Aug 202688.78minus $4.28 million9085
21 Sep 2026103.42$5.19 million10090
28 Sep 202692.71$3.59 million10090

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 HUT was neutral, paper trading.

FigureValue
SideNeutral at 45 trading days, no signal
Level above the close101.83, the swing high of 9 Sep 2026
Level below the close88.50, the swing low of 10 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.

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Rank by Timeframe

On 25 Sep 2026 HUT sat at the 23rd percentile of the model's 45 trading day ranking, paper trading.

TimeframePercentileSide
10 trading days8 of 100Bearish
20 trading days9 of 100Bearish
45 trading days23 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.

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Timeframe Agreement

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

GroupTimeframesSideOn that side
Near10 day, 20 dayBearish2 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.

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Signal History

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

Trading daySignal45 day percentile
25 Sep 2026None23 of 100
24 Sep 2026None50 of 100
23 Sep 2026None26 of 100
22 Sep 2026None26 of 100
21 Sep 2026None63 of 100
18 Sep 2026None80 of 100
17 Sep 2026None53 of 100
16 Sep 2026None12 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, 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

HUT closed at 92.71 on 28 Sep 2026.

FigureValue
Last close92.71
Change over 5 trading days-10.4%
Change over 21 trading days+6.4%
Change over 63 trading days-21.6%
Change over 252 trading days+165.8%
52 week high140.80
52 week low31.67
20 day moving average93.22
50 day moving average93.55
200 day moving average79.32
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

HUT reports next on 4 Nov 2026, a date confirmed by the company.

FigureValue
Next report4 Nov 2026, before the open
DateConfirmed by the company
Move after the report of 4 Aug 2026-9.7%
Move after the report of 30 Apr 2026+1.6%
Move after the report of 28 Jan 2026-4.8%
Move after the report of 8 May 2025+11.9%

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

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Company Events

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

FiledReportWhat it covers
28 Sep 2026Current reportEntry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Regulation FD Disclosure

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 HUT 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 8 Septembers on record, HUT's average change was minus 1.0 percent, and it rose in 37.5 percent of them.

MonthAverage changeMiddle changeShare of years upYears
September-1.0%-8.1%37.5%8
October+23.3%+27.3%75.0%8
November-2.3%-11.8%25.0%8

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 4 headlines naming HUT in the 3 days to 28 Sep 2026.

FigureValue
Headlines in the window4
Latest28 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 HUT's IV rank?
HUT's IV rank is 9 of 100 on 28 Sep 2026.
What move are HUT options pricing?
On 28 Sep 2026, HUT options priced a move of 25.3 percent down and 27.2 percent up by 30 Oct 2026.
Where are HUT's call wall and put wall?
On 28 Sep 2026, HUT's call wall is the 100 strike and its put wall is the 90 strike.
What was the desk's latest view of HUT on the Free plan?
On 25 Sep 2026 the desk's view of HUT was neutral, paper trading.
When does HUT report earnings next?
HUT reports next on 4 Nov 2026, a date confirmed by the company.

More Financials names

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