Utilities

NRG Energy Inc (NRG) options and signal

Figures as of 28 Sep 2026

NRG is NRG Energy Inc, an Utilities 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.

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans

At a glance

Figure	Value	Date
IV rank	96 of 100	28 Sep
At the money IV	55.1%	28 Sep
Priced move to 30 Oct	14.7% down, 15.8% up	28 Sep
Call wall and put wall	Both 110	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	97.00	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

NRG's IV rank is 96 of 100 on 28 Sep 2026.

Figure	Value
IV rank	96 of 100
At the money IV	55.1%, near month, 32 days
Put/call ratio, open interest	0.45
Call open interest, strikes captured near the price	75,100 contracts
Put open interest, strikes captured near the price	33,900 contracts
Cost to trade at the money	Fair, 18.4% of the option's mid price

IV rank is where the at the money IV sits among NRG'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.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, NRG options priced a move of 14.7 percent down and 15.8 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.4%	5.4%	91.75 to 102.22
9 Oct 2026	11	9.5%	9.3%	87.74 to 106.00
23 Oct 2026	25	12.7%	13.8%	84.70 to 110.40
30 Oct 2026	32	14.7%	15.8%	82.70 to 112.30
20 Nov 2026	53	19.5%	20.3%	78.10 to 116.70
18 Dec 2026	81	23.4%	24.4%	74.30 to 120.70
19 Mar 2027	172	33.6%	37.0%	64.40 to 132.90

The range is one standard deviation either side of the close of 97.00, 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.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, NRG's call wall and put wall are both at the 110 strike.

Figure	Value
Call wall, most open call gamma	110
Put wall, most open put gamma	110
Net dollar gamma, calls minus puts	$4.66 million
Total dollar gamma, both sides	$11.96 million
Close	97.00

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.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, NRG's at the money IV is 55.1 percent against 20 day realized volatility of 40.8 percent.

Figure	Value
At the money IV	55.1%
Realized volatility, 20 trading days	40.8%
Realized volatility, 60 trading days	57.1%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	28.6% 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.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, NRG's at the money IV runs from 54.6 percent at 4 days to 53.7 percent at 172 days.

Days to expiry	At the money IV
4	54.6%
11	55.6%
18	49.0%
25	56.2%
39	54.7%
53	52.3%
81	51.3%
172	53.7%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 32 day expiry, NRG's IV ten percent below the price sits 5.4 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	49.7%	-5.4 points
At the money	55.1%	0.0 points
10% above the price	55.6%	+0.5 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, NRG's surface spans 10 expiries out to 172 days, with IV from 47.4 to 61.4 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	75
Lowest IV among them	47.4%
Highest IV among them	61.4%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, NRG has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	54.6%	820	1,017
9 Oct 2026	11	55.6%	407	403
16 Oct 2026	18	49.0%	21,341	2,460
23 Oct 2026	25	56.2%	154	201
30 Oct 2026	32	55.1%	141	103
6 Nov 2026	39	54.7%	22	3
20 Nov 2026	53	52.3%	11,452	640
18 Dec 2026	81	51.3%	31,711	10,126
15 Jan 2027	109	51.7%	5,447	11,946
19 Mar 2027	172	53.7%	3,626	6,972

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.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, NRG's largest open interest sits at the 110 strike, with 18,779 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
110	14,979	3,800	18,779
125	17,310	358	17,668
120	12,169	883	13,052
50	0	6,650	6,650
165	6,358	14	6,372
115	3,989	1,378	5,367

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, NRG's at the money IV moved from 48.6 percent to 55.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	48.6%	55.1%	+6.5 points
Open interest, strikes captured near the price	85,886	108,992	+23,106
Put/call ratio, open interest	0.42	0.45	+0.03

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, 11,836 NRG option contracts traded, 0.4 times its own recent average.

Figure	Value
Calls traded	6,529
Puts traded	5,307
Against its recent average	0.4 times
Busier than	8 of its last 20 trading days
Open interest, whole chain	131,693 contracts
Volume to open interest	0.09
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.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of NRG'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	119.79	$3.4 million	140	140
21 Sep 2026	103.28	minus $542,361	110	110
28 Sep 2026	97.00	$4.66 million	110	110

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.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of NRG was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	105.13, the swing high of 15 Sep 2026
Level below the close	96.87, the swing low of 28 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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 NRG sat at the 90th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	80 of 100	Neutral
20 trading days	98 of 100	Bullish
45 trading days	90 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.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026, 2 of 3 timeframes put NRG 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.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 NRG had carried no signal for 1 trading day, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	90 of 100
24 Sep 2026	Bullish	98 of 100
23 Sep 2026	Bullish	99 of 100
22 Sep 2026	Bullish	100 of 100
21 Sep 2026	Bullish	99 of 100
18 Sep 2026	Bullish	98 of 100
17 Sep 2026	Bullish	98 of 100
16 Sep 2026	Bullish	99 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, 20 of 35 Utilities names were bullish and 11 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Utilities	35	20	11	4

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

Open Sector Split in RingMaster The Sector Split guide

Price Chart

NRG closed at 97.00 on 28 Sep 2026.

Figure	Value
Last close	97.00
Change over 5 trading days	-6.1%
Change over 21 trading days	-15.2%
Change over 63 trading days	-34.9%
Change over 252 trading days	-40.5%
52 week high	189.96
52 week low	96.87
20 day moving average	107.77
50 day moving average	117.42
200 day moving average	142.23
RSI, 14 days	32

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.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

NRG reports next on 5 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	5 Nov 2026, before the open
Date	Worked out from past quarters
Move after the report of 4 Aug 2026	-15.5%
Move after the report of 30 Apr 2026	-1.4%
Move after the report of 28 Jan 2026	-0.9%
Move after the report of 12 May 2025	+26.2%

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Public Filings

1 of the 10 fund managers the desk tracks list NRG among the top holdings of their latest quarterly report.

Fund manager
Appaloosa

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

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

Open Public Filings in RingMaster The Public Filings guide

Short Volume

On 25 Sep 2026, 51.6 percent of NRG's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	51.6%
Five day average	31.1%
52 week median	42.9%

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.

Open Short Volume in RingMaster The Short Volume guide

Seasonality

In the 22 Septembers on record, NRG's average change was minus 2.3 percent, and it rose in 54.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-2.3%	+1.4%	54.5%	22
October	+0.1%	+0.9%	54.5%	22
November	+2.3%	+1.7%	54.5%	22

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.

Open Seasonality in RingMaster The Seasonality guide

Headlines

The desk's news feeds carried 2 headlines naming NRG in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	27 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.

Open Headlines in RingMaster The Headlines guide

Questions

What is NRG's IV rank?: NRG's IV rank is 96 of 100 on 28 Sep 2026.
What move are NRG options pricing?: On 28 Sep 2026, NRG options priced a move of 14.7 percent down and 15.8 percent up by 30 Oct 2026.
Where are NRG's call wall and put wall?: On 28 Sep 2026, NRG's call wall and put wall are both at the 110 strike.
What was the desk's latest view of NRG on the Free plan?: On 25 Sep 2026 the desk's view of NRG was bullish, paper trading.
When does NRG report earnings next?: NRG reports next on 5 Nov 2026, a date worked out from past quarters.

More Utilities names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans