Industrials

Leidos Holdings Inc (LDOS) options and signal

Figures as of 28 Sep 2026

LDOS is Leidos Holdings Inc, an Industrials 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	81 of 100	28 Sep
At the money IV	35.1%	28 Sep
Priced move to 16 Oct	8.3% down, 7.5% up	28 Sep
Call wall and put wall	140 and 120	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	122.35	28 Sep
Next report	3 Nov 2026	28 Sep

Options Snapshot

LDOS's IV rank is 81 of 100 on 28 Sep 2026.

Figure	Value
IV rank	81 of 100
At the money IV	35.1%, near month, 18 days
Put/call ratio, open interest	0.48
Call open interest, strikes captured near the price	7,740 contracts
Put open interest, strikes captured near the price	3,700 contracts
Cost to trade at the money	Fair, 20.3% of the option's mid price

IV rank is where the at the money IV sits among LDOS'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, LDOS options priced a move of 8.3 percent down and 7.5 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	8.3%	7.5%	112.25 to 131.54
20 Nov 2026	53	15.0%	15.4%	103.95 to 141.25
18 Dec 2026	81	18.1%	17.8%	100.25 to 144.15
15 Jan 2027	109	19.2%	20.8%	98.85 to 147.75
19 Feb 2027	144	22.1%	27.4%	95.35 to 155.85

The range is one standard deviation either side of the close of 122.35, 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, LDOS's call wall is the 140 strike and its put wall is the 120 strike.

Figure	Value
Call wall, most open call gamma	140
Put wall, most open put gamma	120
Net dollar gamma, calls minus puts	$924,556
Total dollar gamma, both sides	$2.35 million
Close	122.35

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, LDOS's at the money IV is 35.1 percent against 20 day realized volatility of 28.7 percent.

Figure	Value
At the money IV	35.1%
Realized volatility, 20 trading days	28.7%
Realized volatility, 60 trading days	37.5%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	668, from 4 Oct 2013
Weeks the price moved more than the one week priced move	23.8% 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.

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Volatility Weather

On 28 Sep 2026, LDOS's at the money IV runs from 35.1 percent at 18 days to 35.5 percent at 144 days.

Days to expiry	At the money IV
18	35.1%
53	39.2%
81	38.7%
109	37.3%
144	35.5%

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 53 day expiry, LDOS's IV ten percent below the price sits 1.6 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	40.8%	+1.6 points
At the money	39.2%	0.0 points
10% above the price	38.8%	-0.5 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, LDOS's surface spans 5 expiries out to 144 days, with IV from 34.3 to 41.1 percent near the price.

Figure	Value
Expiries captured	5
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	20
Lowest IV among them	34.3%
Highest IV among them	41.1%

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, LDOS has 5 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	35.1%	1,311	285
20 Nov 2026	53	39.2%	1,213	524
18 Dec 2026	81	38.7%	4,379	1,536
15 Jan 2027	109	37.3%	431	756
19 Feb 2027	144	35.5%	407	599

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, LDOS's largest open interest sits at the 140 strike, with 1,761 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
140	1,659	102	1,761
110	1,069	419	1,488
135	1,098	127	1,225
130	618	222	840
120	341	488	829
145	670	107	777

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, LDOS's at the money IV moved from 39.9 percent to 35.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	39.9%	35.1%	-4.7 points
Open interest, strikes captured near the price	11,498	11,441	-57
Put/call ratio, open interest	0.47	0.48	+0.01

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, 952 LDOS option contracts traded, 0.7 times its own recent average.

Figure	Value
Calls traded	448
Puts traded	504
Against its recent average	0.7 times
Busier than	0 of its last 20 trading days
Open interest, whole chain	13,187 contracts
Volume to open interest	0.07
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 LDOS'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	140.89	$1.74 million	140	120
21 Sep 2026	128.23	$925,213	140	120
28 Sep 2026	122.35	$924,556	140	120

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 LDOS was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	122.79, the swing high of 22 Sep 2026
Level below the close	98.86, the swing low of 30 Jun 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 LDOS sat at the 26th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	54 of 100	Neutral
20 trading days	70 of 100	Neutral
45 trading days	26 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 LDOS's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 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.

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Signal History

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	26 of 100
24 Sep 2026	None	23 of 100
23 Sep 2026	None	28 of 100
22 Sep 2026	None	21 of 100
21 Sep 2026	None	21 of 100
18 Sep 2026	None	21 of 100
17 Sep 2026	None	18 of 100
16 Sep 2026	None	32 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, 51 of 147 Industrials names were bullish and 37 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Industrials	147	51	37	59

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

LDOS closed at 122.35 on 28 Sep 2026.

Figure	Value
Last close	122.35
Change over 5 trading days	-4.6%
Change over 21 trading days	-12.5%
Change over 63 trading days	+21.8%
Change over 252 trading days	-32.9%
52 week high	205.77
52 week low	98.86
20 day moving average	129.50
50 day moving average	129.38
200 day moving average	148.59
RSI, 14 days	37

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

LDOS reports next on 3 Nov 2026, and options priced an earnings move of 11.2 percent through 20 Nov 2026.

Figure	Value
Next report	3 Nov 2026, before the open
Date	Confirmed by the company
Priced earnings move	11.2%, a straddle of $13.75 at the 120 strike, expiring 20 Nov 2026
Move after the report of 4 Aug 2026	+10.0%
Move after the report of 30 Apr 2026	+0.0%
Move after the report of 28 Jan 2026	-0.3%
Move after the report of 6 May 2025	+4.6%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

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

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Short Volume

On 25 Sep 2026, 48.9 percent of LDOS's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	48.9%
Five day average	54.9%
52 week median	55.5%

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 19 Septembers on record, LDOS's average change was minus 0.4 percent, and it rose in 42.1 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.4%	-1.5%	42.1%	19
October	+2.9%	+2.7%	68.4%	19
November	+3.5%	+1.7%	68.4%	19

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 LDOS's IV rank?: LDOS's IV rank is 81 of 100 on 28 Sep 2026.
What move are LDOS options pricing?: On 28 Sep 2026, LDOS options priced a move of 8.3 percent down and 7.5 percent up by 16 Oct 2026.
Where are LDOS's call wall and put wall?: On 28 Sep 2026, LDOS's call wall is the 140 strike and its put wall is the 120 strike.
What was the desk's latest view of LDOS on the Free plan?: On 25 Sep 2026 the desk's view of LDOS was neutral, paper trading.
When does LDOS report earnings next?: LDOS reports next on 3 Nov 2026, and options priced an earnings move of 11.2 percent through 20 Nov 2026.

More Industrials names

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