Financials

Jefferies Financial Group Inc. (JEF) options and signal

Figures as of 28 Sep 2026

JEF is Jefferies Financial Group Inc., 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

Figure	Value	Date
Trade Card	Cash-secured put, 18 Dec	25 Sep
IV rank	88 of 100	28 Sep
At the money IV	52.5%	28 Sep
Priced move to 16 Oct	11.4% down, 11.6% up	28 Sep
Call wall and put wall	55 and 47.5	28 Sep
Signal and the desk's view	Bullish signal, view bullish	25 Sep
Last close	47.13	28 Sep
Next report	28 Sep 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for JEF was a cash-secured put expiring 18 Dec 2026, paper trading.

Figure	Value
Signal	Bullish, over 45 trading days
Strategy	Cash-secured put, credit
Legs	Sell the 45 put
Expiry	18 Dec 2026, 84 days to expiry
Limit	A credit of at least $2.15
Probability of profit	62%, the option market's odds at expiry, from delta
Max loss	$4,285 per contract
Max profit	$215 per contract
Breakeven	42.85
IV rank at that expiry	79 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

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

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Options Snapshot

JEF's IV rank is 88 of 100 on 28 Sep 2026.

Figure	Value
IV rank	88 of 100
At the money IV	52.5%, near month, 18 days
Put/call ratio, open interest	2.26
Call open interest, strikes captured near the price	7,780 contracts
Put open interest, strikes captured near the price	17,600 contracts
Cost to trade at the money	Tight, 8.8% of the option's mid price

IV rank is where the at the money IV sits among JEF'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, JEF options priced a move of 11.4 percent down and 11.6 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.4%	11.6%	41.76 to 52.60
20 Nov 2026	53	19.0%	17.7%	38.19 to 55.45
18 Dec 2026	81	21.0%	20.9%	37.24 to 57.00
15 Jan 2027	109	27.2%	24.8%	34.33 to 58.83
19 Mar 2027	172	31.0%	31.6%	32.53 to 62.03

The range is one standard deviation either side of the close of 47.13, 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, JEF's call wall is the 55 strike and its put wall is the 47.5 strike.

Figure	Value
Call wall, most open call gamma	55
Put wall, most open put gamma	47.5
Net dollar gamma, calls minus puts	minus $789,146
Total dollar gamma, both sides	$1.57 million
Close	47.13

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 3 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, JEF's at the money IV is 52.5 percent against 20 day realized volatility of 31.5 percent.

Figure	Value
At the money IV	52.5%
Realized volatility, 20 trading days	31.5%
Realized volatility, 60 trading days	32.2%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	527, from 8 Jan 2010
Weeks the price moved more than the one week priced move	32.6% 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, JEF's at the money IV runs from 52.5 percent at 18 days to 44.2 percent at 172 days.

Days to expiry	At the money IV
18	52.5%
53	50.2%
81	45.7%
109	48.6%
172	44.2%

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, JEF's IV ten percent below the price sits 1.4 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	51.7%	+1.4 points
At the money	50.2%	0.0 points
10% above the price	48.1%	-2.2 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, JEF's surface spans 5 expiries out to 172 days, with IV from 44.0 to 53.8 percent near the price.

Figure	Value
Expiries captured	5
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	20
Lowest IV among them	44.0%
Highest IV among them	53.8%

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, JEF has 5 captured expiries, from 16 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	52.5%	986	2,115
20 Nov 2026	53	50.2%	252	992
18 Dec 2026	81	45.7%	739	2,616
15 Jan 2027	109	48.6%	5,734	11,565
19 Mar 2027	172	44.2%	71	327

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, JEF's largest open interest sits at the 55 strike, with 4,050 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
55	1,175	2,875	4,050
47.5	130	3,440	3,570
57.5	432	2,973	3,405
40	11	1,539	1,550
42.5	213	1,316	1,529
67.5	1,310	0	1,310

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, JEF's at the money IV moved from 56.6 percent to 52.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	56.6%	52.5%	-4.0 points
Open interest, strikes captured near the price	25,159	25,397	+238
Put/call ratio, open interest	2.31	2.26	-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.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 10,097 JEF option contracts traded, 4.0 times its own recent average.

Figure	Value
Calls traded	4,242
Puts traded	5,855
Against its recent average	4.0 times
Busier than	6 of its last 6 trading days
Open interest, whole chain	25,787 contracts
Volume to open interest	0.39
Unusual volume flag	Yes, 4 contracts traded well above open interest
Largest flagged contract	The 42.5 put expiring 16 Oct, 1,681 traded against 193 open

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 15 trading days of JEF's option positioning, from 18 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
18 Aug 2026	53.84	minus $2.19 million	55	50
31 Aug 2026	52.64	minus $3.08 million	50	50
28 Sep 2026	47.13	minus $789,146	55	47.5

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 JEF was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, signal on
Level above the close	53.71, the swing high of 28 Aug 2026
Level below the close	46.63, the swing low of 16 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.

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Rank by Timeframe

On 25 Sep 2026 JEF sat at the 98th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	64 of 100	Neutral
20 trading days	52 of 100	Neutral
45 trading days	98 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, 1 of 3 timeframes put JEF on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 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 JEF's bullish signal had held at least 3 trading days in a row, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	Bullish	98 of 100
24 Sep 2026	Bullish	99 of 100
23 Sep 2026	Bullish	96 of 100
1 Sep 2026	None	62 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, 63 of 135 Financials names were bullish and 32 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Financials	135	63	32	40

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

JEF closed at 47.13 on 28 Sep 2026.

Figure	Value
Last close	47.13
Change over 5 trading days	-1.5%
Change over 21 trading days	-10.8%
Change over 63 trading days	-3.4%
Change over 252 trading days	-28.5%
52 week high	69.93
52 week low	35.53
20 day moving average	50.46
50 day moving average	53.06
200 day moving average	52.97
RSI, 14 days	34

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

JEF reports next on 28 Sep 2026, a date confirmed by the company.

Figure	Value
Next report	28 Sep 2026, after the close
Date	Confirmed by the company
Move after the report of 28 Jun 2026	-0.7%
Move after the report of 30 Mar 2026	+4.1%
Move after the report of 29 Dec 2025	+0.1%
Move after the report of 25 Jun 2025	+0.3%

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

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Company Events

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

Filed	Report	What it covers
28 Sep 2026	Current report	Results of Operations and Financial Condition

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

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Seasonality

In the 23 Septembers on record, JEF's average change was plus 0.8 percent, and it rose in 60.9 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.8%	+1.7%	60.9%	23
October	+0.4%	+0.8%	56.5%	23
November	+2.2%	+2.1%	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 7 headlines naming JEF in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	7
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 JEF's IV rank?: JEF's IV rank is 88 of 100 on 28 Sep 2026.
What move are JEF options pricing?: On 28 Sep 2026, JEF options priced a move of 11.4 percent down and 11.6 percent up by 16 Oct 2026.
Where are JEF's call wall and put wall?: On 28 Sep 2026, JEF's call wall is the 55 strike and its put wall is the 47.5 strike.
What was the latest Trade Card for JEF on the Free plan?: On 25 Sep 2026 the Trade Card for JEF was a cash-secured put expiring 18 Dec 2026, paper trading.
When does JEF report earnings next?: JEF reports next on 28 Sep 2026, a date confirmed by the company.

More Financials names

Guides and the full list

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