Energy

Magnolia Oil & Gas Corporation (MGY) options and signal

Figures as of 28 Sep 2026

MGY is Magnolia Oil & Gas Corporation, an Energy 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	16 of 100	28 Sep
At the money IV	44.0%	28 Sep
Priced move to 16 Oct	10.5% down, 9.0% up	28 Sep
Call wall and put wall	Both 25	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	23.71	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

MGY's IV rank is 16 of 100 on 28 Sep 2026.

Figure	Value
IV rank	16 of 100
At the money IV	44.0%, near month, 18 days
Put/call ratio, open interest	0.32
Call open interest, strikes captured near the price	10,600 contracts
Put open interest, strikes captured near the price	3,340 contracts
Cost to trade at the money	Wide, 97.4% of the option's mid price

IV rank is where the at the money IV sits among MGY'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, MGY options priced a move of 10.5 percent down and 9.0 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	10.5%	9.0%	21.23 to 25.85
20 Nov 2026	53	17.6%	16.4%	19.54 to 27.61
18 Dec 2026	81	22.7%	19.2%	18.33 to 28.26
19 Mar 2027	172	28.3%	33.0%	16.99 to 31.54

The range is one standard deviation either side of the close of 23.71, 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, MGY's call wall and put wall are both at the 25 strike.

Figure	Value
Call wall, most open call gamma	25
Put wall, most open put gamma	25
Net dollar gamma, calls minus puts	$158,524
Total dollar gamma, both sides	$556,893
Close	23.71

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 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, MGY's at the money IV is 44.0 percent against 20 day realized volatility of 44.1 percent.

Figure	Value
At the money IV	44.0%
Realized volatility, 20 trading days	44.1%
Realized volatility, 60 trading days	42.6%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	359, from 24 Aug 2018
Weeks the price moved more than the one week priced move	15.7% of 210 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, MGY's at the money IV runs from 44.0 percent at 18 days to 44.6 percent at 172 days.

Days to expiry	At the money IV
18	44.0%
53	44.8%
81	44.6%
172	44.6%

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 Surface

On 28 Sep 2026, MGY's surface spans 4 expiries out to 172 days, with IV from 39.6 to 53.4 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	8
Lowest IV among them	39.6%
Highest IV among them	53.4%

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, MGY 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	44.0%	1,942	1,126
20 Nov 2026	53	44.8%	502	100
18 Dec 2026	81	44.6%	7,669	1,817
19 Mar 2027	172	44.6%	524	300

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, MGY's largest open interest sits at the 25 strike, with 6,233 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
25	3,642	2,591	6,233
30	4,210	227	4,437
35	1,713	0	1,713
20	837	220	1,057
22.5	159	286	445
40	69	0	69

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, MGY's at the money IV moved from 43.1 percent to 44.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	43.1%	44.0%	+0.9 points
Open interest, strikes captured near the price	13,521	13,980	+459
Put/call ratio, open interest	0.32	0.31	-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, 1,081 MGY option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	966
Puts traded	115
Against its recent average	1.1 times
Busier than	3 of its last 5 trading days
Open interest, whole chain	14,022 contracts
Volume to open interest	0.08
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 18 trading days of MGY'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	26.01	$80,678	25	25
31 Aug 2026	26.85	$78,277	30	25
28 Sep 2026	23.71	$158,524	25	25

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 MGY was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	23.80, the swing high of 22 Sep 2026
Level below the close	23.40, the swing low of 28 Jul 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
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 MGY sat at the 34th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	5 of 100	Bearish
20 trading days	16 of 100	Bearish
45 trading days	34 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 MGY'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	2 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 MGY had carried no signal for at least 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	34 of 100
24 Sep 2026	None	48 of 100
23 Sep 2026	None	68 of 100
22 Sep 2026	None	83 of 100
21 Sep 2026	None	69 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, 17 of 56 Energy names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Energy	56	17	33	6

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

MGY closed at 23.71 on 28 Sep 2026.

Figure	Value
Last close	23.71
Change over 5 trading days	-2.3%
Change over 21 trading days	-11.0%
Change over 63 trading days	-7.9%
Change over 252 trading days	-4.4%
52 week high	32.76
52 week low	21.07
20 day moving average	26.25
50 day moving average	25.99
200 day moving average	26.73
RSI, 14 days	35

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

MGY reports next on 4 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	4 Nov 2026, after the close
Date	Worked out from past quarters
Move after the report of 5 Aug 2026	+4.3%
Move after the report of 30 Apr 2026	-0.5%
Move after the report of 28 Jan 2026	+1.2%
Move after the report of 30 Apr 2025	+2.7%

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

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Company Events

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

Filed	Report	What it covers
14 Sep 2026	Current report	Entry into a Material Definitive Agreement; Completion of Acquisition or Disposition of Assets; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Unregistered Sales of Equity Securities; Regulation FD Disclosure

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

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Seasonality

In the 8 Septembers on record, MGY's average change was minus 1.8 percent, and it rose in 50.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.8%	-1.8%	50.0%	8
October	-0.2%	-2.0%	33.3%	9
November	+6.7%	+2.3%	62.5%	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 2 headlines naming MGY in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
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 MGY's IV rank?: MGY's IV rank is 16 of 100 on 28 Sep 2026.
What move are MGY options pricing?: On 28 Sep 2026, MGY options priced a move of 10.5 percent down and 9.0 percent up by 16 Oct 2026.
Where are MGY's call wall and put wall?: On 28 Sep 2026, MGY's call wall and put wall are both at the 25 strike.
What was the desk's latest view of MGY on the Free plan?: On 25 Sep 2026 the desk's view of MGY was neutral, paper trading.
When does MGY report earnings next?: MGY reports next on 4 Nov 2026, a date worked out from past quarters.

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