Industrials

Lincoln Electric Holdings, Inc. (LECO) options and signal

Figures as of 28 Sep 2026

LECO is Lincoln Electric 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	87 of 100	28 Sep
At the money IV	37.9%	28 Sep
Priced move to 16 Oct	9.0% down, 7.6% up	28 Sep
Call wall and put wall	300 and 260	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	271.18	28 Sep
Next report	29 Oct 2026	28 Sep

Options Snapshot

LECO's IV rank is 87 of 100 on 28 Sep 2026.

Figure	Value
IV rank	87 of 100
At the money IV	37.9%, near month, 18 days
Put/call ratio, open interest	0.24
Call open interest, strikes captured near the price	2,010 contracts
Put open interest, strikes captured near the price	487 contracts
Cost to trade at the money	Wide, 50.4% of the option's mid price

IV rank is where the at the money IV sits among LECO'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, LECO options priced a move of 9.0 percent down and 7.6 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	9.0%	7.6%	246.78 to 291.78
20 Nov 2026	53	14.5%	14.5%	231.98 to 310.38
18 Dec 2026	81	16.4%	17.0%	226.58 to 317.28
19 Mar 2027	172	20.9%	24.2%	214.58 to 336.78

The range is one standard deviation either side of the close of 271.18, 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, LECO's call wall is the 300 strike and its put wall is the 260 strike.

Figure	Value
Call wall, most open call gamma	300
Put wall, most open put gamma	260
Net dollar gamma, calls minus puts	$982,978
Total dollar gamma, both sides	$1.4 million
Close	271.18

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 2 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, LECO's at the money IV is 37.9 percent against 20 day realized volatility of 36.6 percent.

Figure	Value
At the money IV	37.9%
Realized volatility, 20 trading days	36.6%
Realized volatility, 60 trading days	33.7%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	804, from 8 Jan 2010
Weeks the price moved more than the one week priced move	30.9% 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, LECO's at the money IV runs from 37.9 percent at 18 days to 47.6 percent at 172 days.

Days to expiry	At the money IV
18	37.9%
53	37.5%
81	43.2%
172	47.6%

Far expiries price more volatility than near ones, an upward sloping 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, LECO's IV ten percent below the price sits 3.7 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	41.2%	+3.7 points
At the money	37.5%	0.0 points
10% above the price	60.6%	+23.1 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, LECO's surface spans 4 expiries out to 172 days, with IV from 33.8 to 49.4 percent near the price.

Figure	Value
Expiries captured	4
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	19
Lowest IV among them	33.8%
Highest IV among them	49.4%

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, LECO has 4 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	37.9%	536	99
20 Nov 2026	53	37.5%	754	216
18 Dec 2026	81	43.2%	523	148
19 Mar 2027	172	47.6%	201	24

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, LECO's largest open interest sits at the 300 strike, with 665 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
300	663	2	665
290	375	0	375
310	311	1	312
280	199	24	223
250	134	60	194
260	42	68	110

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, LECO's at the money IV moved from 35.7 percent to 37.9 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	35.7%	37.9%	+2.1 points
Open interest, strikes captured near the price	2,448	2,501	+53
Put/call ratio, open interest	0.22	0.24	+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, 680 LECO option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	546
Puts traded	134
Against its recent average	1.0 times
Busier than	4 of its last 18 trading days
Open interest, whole chain	2,673 contracts
Volume to open interest	0.25
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 19 trading days of LECO's option positioning, from 1 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
1 Sep 2026	268.68	$1.01 million	280	270
21 Sep 2026	258.32	$492,355	300	250
28 Sep 2026	271.18	$982,978	300	260

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 LECO was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	279.98, the swing high of 8 Sep 2026
Level below the close	266.71, the swing low of 2 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 LECO sat at the 44th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	30 of 100	Neutral
20 trading days	12 of 100	Bearish
45 trading days	44 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 LECO'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	1 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 LECO had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	44 of 100
24 Sep 2026	None	30 of 100
23 Sep 2026	None	33 of 100
22 Sep 2026	None	20 of 100
21 Sep 2026	None	29 of 100
18 Sep 2026	None	25 of 100
17 Sep 2026	None	41 of 100
16 Sep 2026	None	46 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

LECO closed at 271.18 on 28 Sep 2026.

Figure	Value
Last close	271.18
Change over 5 trading days	+5.0%
Change over 21 trading days	-6.4%
Change over 63 trading days	+2.7%
Change over 252 trading days	+14.8%
52 week high	310.00
52 week low	216.22
20 day moving average	264.79
50 day moving average	269.48
200 day moving average	263.66
RSI, 14 days	55

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

LECO reports next on 29 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	29 Oct 2026, before the open
Date	Confirmed by the company
Move after the report of 30 Jul 2026	-3.0%
Move after the report of 30 Apr 2026	+0.5%
Move after the report of 28 Jan 2026	+4.2%
Move after the report of 30 Apr 2025	-4.2%

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

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Seasonality

In the 23 Septembers on record, LECO's average change was minus 1.5 percent, and it rose in 34.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.5%	-1.5%	34.8%	23
October	+3.4%	+3.9%	69.6%	23
November	+4.8%	+3.9%	73.9%	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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Questions

What is LECO's IV rank?: LECO's IV rank is 87 of 100 on 28 Sep 2026.
What move are LECO options pricing?: On 28 Sep 2026, LECO options priced a move of 9.0 percent down and 7.6 percent up by 16 Oct 2026.
Where are LECO's call wall and put wall?: On 28 Sep 2026, LECO's call wall is the 300 strike and its put wall is the 260 strike.
What was the desk's latest view of LECO on the Free plan?: On 25 Sep 2026 the desk's view of LECO was neutral, paper trading.
When does LECO report earnings next?: LECO reports next on 29 Oct 2026, a date confirmed by the company.

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Strike	Call open interest	Put open interest	Total
300	663	2	665
290	375	0	375
310	311	1	312
280	199	24	223
250	134	60	194
260	42	68	110

Strike	Call open interest	Put open interest	Total
300	663	2	665
290	375	0	375
310	311	1	312
280	199	24	223
250	134	60	194
260	42	68	110

Strike	Call open interest	Put open interest	Total
300	663	2	665
290	375	0	375
310	311	1	312
280	199	24	223
250	134	60	194
260	42	68	110