Utilities

Ormat Technologies, Inc. (ORA) options and signal

Figures as of 28 Sep 2026

ORA is Ormat Technologies, 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.

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At a glance

Figure	Value	Date
Priced move to 16 Oct	8.9% down, 9.2% up	28 Sep
Call wall and put wall	110 and 105	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	90.36	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

ORA's at the money implied volatility is 41.7 percent on 28 Sep 2026.

Figure	Value
IV rank	Not stated, 0 weeks of record
At the money IV	41.7%, near month, 18 days
Put/call ratio, open interest	3.01
Call open interest, strikes captured near the price	3,350 contracts
Put open interest, strikes captured near the price	10,100 contracts
Cost to trade at the money	Fair, 23.9% of the option's mid price

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, ORA options priced a move of 8.9 percent down and 9.2 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	8.9%	9.2%	82.34 to 98.67
20 Nov 2026	53	14.9%	17.0%	76.86 to 105.76
18 Dec 2026	81	18.6%	20.1%	73.56 to 108.56
19 Mar 2027	172	25.8%	30.2%	67.06 to 117.66

The range is one standard deviation either side of the close of 90.36, 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, ORA's call wall is the 110 strike and its put wall is the 105 strike.

Figure	Value
Call wall, most open call gamma	110
Put wall, most open put gamma	105
Net dollar gamma, calls minus puts	minus $1.2 million
Total dollar gamma, both sides	$1.69 million
Close	90.36

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, ORA's at the money IV is 41.7 percent against 20 day realized volatility of 50.5 percent.

Figure	Value
At the money IV	41.7%
Realized volatility, 20 trading days	50.5%
Realized volatility, 60 trading days	44.2%

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, ORA's at the money IV runs from 41.7 percent at 18 days to 40.6 percent at 172 days.

Days to expiry	At the money IV
18	41.7%
53	39.3%
81	41.5%
172	40.6%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Surface

On 28 Sep 2026, ORA's surface spans 4 expiries out to 172 days, with IV from 37.6 to 53.2 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	11
Lowest IV among them	37.6%
Highest IV among them	53.2%

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, ORA 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	41.7%	202	366
20 Nov 2026	53	39.3%	22	4
18 Dec 2026	81	41.5%	2,953	9,365
19 Mar 2027	172	40.6%	177	378

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, ORA's largest open interest sits at the 105 strike, with 6,261 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
105	223	6,038	6,261
140	1,710	0	1,710
120	130	1,240	1,370
110	586	365	951
65	0	701	701
100	126	341	467

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

Open Strike Table in RingMaster The Strike Table guide

Changed Hands

On 28 Sep 2026, 1,229 ORA option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	330
Puts traded	899
Against its recent average	1.1 times
Open interest, whole chain	18,088 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 4 trading days of ORA's option positioning, from 22 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
22 Sep 2026	97.28	minus $1.44 million	110	105
28 Sep 2026	90.36	minus $1.2 million	110	105

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 ORA was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	90.62, the swing high of 16 Sep 2026
Level below the close	90.12, the swing low of 28 Sep 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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 ORA sat at the 57th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	56 of 100	Neutral
20 trading days	71 of 100	Neutral
45 trading days	57 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 ORA'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.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	57 of 100
23 Sep 2026	None	42 of 100
22 Sep 2026	None	46 of 100
21 Sep 2026	None	59 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

ORA closed at 90.36 on 28 Sep 2026.

Figure	Value
Last close	90.36
Change over 5 trading days	-6.4%
Change over 21 trading days	-13.9%
Change over 63 trading days	-18.2%
Change over 252 trading days	-3.6%
52 week high	146.39
52 week low	90.12
20 day moving average	97.90
50 day moving average	102.32
200 day moving average	114.36
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.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

ORA reports next on 4 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	4 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 29 Jul 2026	+2.5%
Move after the report of 30 Apr 2026	-1.2%
Move after the report of 28 Jan 2026	+0.0%
Move after the report of 7 May 2025	+2.5%

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Seasonality

In the 21 Septembers on record, ORA's average change was minus 1.2 percent, and it rose in 52.4 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.2%	+0.0%	52.4%	21
October	+2.8%	+3.1%	61.9%	21
November	+3.3%	+0.4%	52.4%	21

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 1 headline naming ORA 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.

Open Headlines in RingMaster The Headlines guide

Questions

What is ORA's IV rank?: ORA's at the money implied volatility is 41.7 percent on 28 Sep 2026.
What move are ORA options pricing?: On 28 Sep 2026, ORA options priced a move of 8.9 percent down and 9.2 percent up by 16 Oct 2026.
Where are ORA's call wall and put wall?: On 28 Sep 2026, ORA's call wall is the 110 strike and its put wall is the 105 strike.
What was the desk's latest view of ORA on the Free plan?: On 25 Sep 2026 the desk's view of ORA was neutral, paper trading.
When does ORA report earnings next?: ORA reports next on 4 Nov 2026, a date confirmed by the company.

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