Health Care

Neurocrine Biosciences, Inc. (NBIX) options and signal

Figures as of 28 Sep 2026

NBIX is Neurocrine Biosciences, Inc., a Health Care 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	25 of 100	28 Sep
At the money IV	38.0%	28 Sep
Priced move to 16 Oct	10.5% down, 9.4% up	28 Sep
Call wall and put wall	150 and 160	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	140.44	28 Sep
Next report	28 Oct 2026	28 Sep

Options Snapshot

NBIX's IV rank is 25 of 100 on 28 Sep 2026.

Figure	Value
IV rank	25 of 100
At the money IV	38.0%, near month, 18 days
Put/call ratio, open interest	1.28
Call open interest, strikes captured near the price	4,680 contracts
Put open interest, strikes captured near the price	5,980 contracts
Cost to trade at the money	Wide, 73.5% of the option's mid price

IV rank is where the at the money IV sits among NBIX'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, NBIX options priced a move of 10.5 percent down and 9.4 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	10.5%	9.4%	125.64 to 153.64
20 Nov 2026	53	17.1%	16.2%	116.44 to 163.24
18 Dec 2026	81	19.8%	20.9%	112.64 to 169.74
15 Jan 2027	109	16.1%	21.8%	117.84 to 171.04
19 Feb 2027	144	24.3%	25.8%	106.34 to 176.74
19 Mar 2027	172	24.6%	28.2%	105.94 to 180.04

The range is one standard deviation either side of the close of 140.44, 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, NBIX's call wall is the 150 strike and its put wall is the 160 strike.

Figure	Value
Call wall, most open call gamma	150
Put wall, most open put gamma	160
Net dollar gamma, calls minus puts	minus $584,882
Total dollar gamma, both sides	$2.6 million
Close	140.44

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 6 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, NBIX's at the money IV is 38.0 percent against 20 day realized volatility of 26.4 percent.

Figure	Value
At the money IV	38.0%
Realized volatility, 20 trading days	26.4%
Realized volatility, 60 trading days	34.6%
IV against its own weekly record	In the middle
Weekly readings on record	847, from 8 Jan 2010
Weeks the price moved more than the one week priced move	18.2% 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, NBIX's at the money IV runs from 38.0 percent at 18 days to 35.8 percent at 172 days.

Days to expiry	At the money IV
18	38.0%
53	44.3%
81	45.5%
109	39.7%
144	41.1%
172	35.8%

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, NBIX's IV ten percent below the price sits 70.9 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	115.2%	+70.9 points
At the money	44.3%	0.0 points
10% above the price	48.1%	+3.9 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, NBIX's surface spans 6 expiries out to 172 days, with IV from 13.3 to 66.9 percent near the price.

Figure	Value
Expiries captured	6
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	29
Lowest IV among them	13.3%
Highest IV among them	66.9%

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, NBIX has 6 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	38.0%	198	155
20 Nov 2026	53	44.3%	1,342	1,319
18 Dec 2026	81	45.5%	1,740	3,256
15 Jan 2027	109	39.7%	876	1,094
19 Feb 2027	144	41.1%	49	66
19 Mar 2027	172	35.8%	471	90

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, NBIX's largest open interest sits at the 160 strike, with 2,012 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
160	691	1,321	2,012
150	602	860	1,462
145	351	991	1,342
125	1	901	902
135	336	550	886
155	477	342	819

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, NBIX's at the money IV moved from 34.7 percent to 38.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	34.7%	38.0%	+3.3 points
Open interest, strikes captured near the price	10,517	10,656	+139
Put/call ratio, open interest	1.27	1.28	+0.00

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, 1,544 NBIX option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	893
Puts traded	651
Against its recent average	0.8 times
Busier than	4 of its last 20 trading days
Open interest, whole chain	10,968 contracts
Volume to open interest	0.14
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 NBIX'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	161.94	minus $836,474	160	160
21 Sep 2026	143.96	minus $1.05 million	160	160
28 Sep 2026	140.44	minus $584,882	150	160

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 NBIX was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	151.77, the swing high of 8 Sep 2026
Level below the close	136.78, the swing low of 28 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Bull call spread (buy a call spread)
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 NBIX sat at the 84th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	84 of 100	Bullish
20 trading days	73 of 100	Neutral
45 trading days	84 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, 2 of 3 timeframes put NBIX on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 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.

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Signal History

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	84 of 100
24 Sep 2026	None	68 of 100
23 Sep 2026	None	78 of 100
22 Sep 2026	None	82 of 100
21 Sep 2026	None	76 of 100
18 Sep 2026	None	77 of 100
17 Sep 2026	None	70 of 100
16 Sep 2026	None	82 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, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Health Care	120	32	52	36

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

NBIX closed at 140.44 on 28 Sep 2026.

Figure	Value
Last close	140.44
Change over 5 trading days	-2.4%
Change over 21 trading days	-9.9%
Change over 63 trading days	-17.4%
Change over 252 trading days	-0.3%
52 week high	186.12
52 week low	122.14
20 day moving average	150.20
50 day moving average	158.35
200 day moving average	147.54
RSI, 14 days	31

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

NBIX reports next on 28 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	28 Oct 2026, after the close
Date	Confirmed by the company
Move after the report of 30 Jul 2026	-10.1%
Move after the report of 30 Apr 2026	+0.1%
Move after the report of 28 Jan 2026	+2.5%
Move after the report of 5 May 2025	+8.4%

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

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Company Events

NBIX 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	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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

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Seasonality

In the 23 Septembers on record, NBIX's average change was minus 2.6 percent, and it rose in 47.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-2.6%	0.0%	47.8%	23
October	+1.2%	+2.0%	56.5%	23
November	+2.3%	+5.1%	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 1 headline naming NBIX in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
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 NBIX's IV rank?: NBIX's IV rank is 25 of 100 on 28 Sep 2026.
What move are NBIX options pricing?: On 28 Sep 2026, NBIX options priced a move of 10.5 percent down and 9.4 percent up by 16 Oct 2026.
Where are NBIX's call wall and put wall?: On 28 Sep 2026, NBIX's call wall is the 150 strike and its put wall is the 160 strike.
What was the desk's latest view of NBIX on the Free plan?: On 25 Sep 2026 the desk's view of NBIX was bullish, paper trading.
When does NBIX report earnings next?: NBIX reports next on 28 Oct 2026, a date confirmed by the company.

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