Information Technology

Pegasystems Inc. (PEGA) options and signal

Figures as of 28 Sep 2026

PEGA is Pegasystems Inc., an Information Technology 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	61 of 100	28 Sep
At the money IV	51.1%	28 Sep
Priced move to 16 Oct	11.3% down, 11.1% up	28 Sep
Call wall and put wall	40 and 30	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep

Options Snapshot

PEGA's IV rank is 61 of 100 on 28 Sep 2026.

Figure	Value
IV rank	61 of 100
At the money IV	51.1%, near month, 18 days
Put/call ratio, open interest	0.64
Call open interest, strikes captured near the price	3,310 contracts
Put open interest, strikes captured near the price	2,130 contracts
Cost to trade at the money	Fair, 35.8% of the option's mid price

IV rank is where the at the money IV sits among PEGA'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, PEGA options priced a move of 11.3 percent down and 11.1 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.3%	11.1%	29.46 to 36.92
20 Nov 2026	53	25.1%	25.5%	24.89 to 41.69
18 Dec 2026	81	27.8%	29.7%	24.00 to 43.09
15 Jan 2027	109	31.9%	32.5%	22.63 to 44.03
19 Mar 2027	172	40.6%	41.2%	19.73 to 46.93

The range is one standard deviation either side of the close of 33.23, 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, PEGA's call wall is the 40 strike and its put wall is the 30 strike.

Figure	Value
Call wall, most open call gamma	40
Put wall, most open put gamma	30
Net dollar gamma, calls minus puts	minus $8,917
Total dollar gamma, both sides	$209,800
Close	33.23

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 4 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 Weather

On 28 Sep 2026, PEGA's at the money IV runs from 51.1 percent at 18 days to 59.2 percent at 172 days.

Days to expiry	At the money IV
18	51.1%
53	65.9%
81	60.2%
109	58.1%
172	59.2%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Surface

On 28 Sep 2026, PEGA's surface spans 5 expiries out to 172 days, with IV from 50.5 to 64.2 percent near the price.

Figure	Value
Expiries captured	5
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	50.5%
Highest IV among them	64.2%

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, PEGA has 5 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	51.1%	861	806
20 Nov 2026	53	65.9%	85	118
18 Dec 2026	81	60.2%	893	572
15 Jan 2027	109	58.1%	1,364	563
19 Mar 2027	172	59.2%	105	67

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, PEGA's largest open interest sits at the 40 strike, with 1,080 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
40	995	85	1,080
30	121	885	1,006
60	824	1	825
35	239	350	589
50	408	24	432
37.5	198	44	242

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, PEGA's at the money IV moved from 51.1 percent to 51.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	51.1%	51.1%	-0.0 points
Open interest, strikes captured near the price	5,990	5,434	-556
Put/call ratio, open interest	0.55	0.64	+0.10

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, 1,467 PEGA option contracts traded, 1.2 times its own recent average.

Figure	Value
Calls traded	900
Puts traded	567
Against its recent average	1.2 times
Open interest, whole chain	7,371 contracts
Volume to open interest	0.20
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 5 trading days of PEGA'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	34.70	$13,854	40	30
28 Sep 2026	33.23	minus $8,917	40	30

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 PEGA was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 PEGA sat at the 65th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	88 of 100	Bullish
20 trading days	97 of 100	Bullish
45 trading days	65 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.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026 PEGA's near timeframes were bullish and its long timeframe was neutral, paper trading.

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

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 PEGA had carried no signal for at least 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	65 of 100
24 Sep 2026	None	55 of 100
23 Sep 2026	None	48 of 100
22 Sep 2026	None	71 of 100
21 Sep 2026	None	56 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, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

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

Questions

What is PEGA's IV rank?: PEGA's IV rank is 61 of 100 on 28 Sep 2026.
What move are PEGA options pricing?: On 28 Sep 2026, PEGA options priced a move of 11.3 percent down and 11.1 percent up by 16 Oct 2026.
Where are PEGA's call wall and put wall?: On 28 Sep 2026, PEGA's call wall is the 40 strike and its put wall is the 30 strike.
What was the desk's latest view of PEGA on the Free plan?: On 25 Sep 2026 the desk's view of PEGA was neutral, paper trading.

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