Industrials

Quanta Services Inc (PWR) options and signal

Figures as of 28 Sep 2026

PWR is Quanta Services Inc, an Industrials 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	94 of 100	28 Sep
At the money IV	43.8%	28 Sep
Priced move to 16 Oct	9.0% down, 10.1% up	28 Sep
Call wall and put wall	650 and 580	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	644.36	28 Sep
Next report	29 Oct 2026	28 Sep

Options Snapshot

PWR's IV rank is 94 of 100 on 28 Sep 2026.

Figure	Value
IV rank	94 of 100
At the money IV	43.8%, near month, 18 days
Put/call ratio, open interest	1.96
Call open interest, strikes captured near the price	11,400 contracts
Put open interest, strikes captured near the price	22,300 contracts
Cost to trade at the money	Fair, 20.6% of the option's mid price

IV rank is where the at the money IV sits among PWR'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, PWR options priced a move of 9.0 percent down and 10.1 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	9.0%	10.1%	586.36 to 709.26
20 Nov 2026	53	18.0%	18.5%	528.36 to 763.36
18 Dec 2026	81	20.6%	22.7%	511.36 to 790.36
15 Jan 2027	109	23.4%	25.8%	493.36 to 810.36
19 Feb 2027	144	27.5%	30.9%	467.36 to 843.36
19 Mar 2027	172	29.6%	33.7%	453.36 to 861.36

The range is one standard deviation either side of the close of 644.36, 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.

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Gamma Map

On 28 Sep 2026, PWR's call wall is the 650 strike and its put wall is the 580 strike.

Figure	Value
Call wall, most open call gamma	650
Put wall, most open put gamma	580
Net dollar gamma, calls minus puts	minus $7.9 million
Total dollar gamma, both sides	$34.51 million
Close	644.36

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 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, PWR's at the money IV is 43.8 percent against 20 day realized volatility of 31.9 percent.

Figure	Value
At the money IV	43.8%
Realized volatility, 20 trading days	31.9%
Realized volatility, 60 trading days	49.0%
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	25.4% 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.

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Volatility Weather

On 28 Sep 2026, PWR's at the money IV runs from 43.8 percent at 18 days to 45.6 percent at 172 days.

Days to expiry	At the money IV
18	43.8%
53	49.1%
81	46.1%
109	45.1%
144	46.3%
172	45.6%

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.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, PWR's IV ten percent below the price sits 0.4 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	48.7%	-0.4 points
At the money	49.1%	0.0 points
10% above the price	50.7%	+1.6 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, PWR's surface spans 6 expiries out to 172 days, with IV from 27.6 to 50.5 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	60
Lowest IV among them	27.6%
Highest IV among them	50.5%

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, PWR 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	43.8%	3,167	12,517
20 Nov 2026	53	49.1%	1,399	1,546
18 Dec 2026	81	46.1%	3,105	4,528
15 Jan 2027	109	45.1%	2,741	2,815
19 Feb 2027	144	46.3%	396	437
19 Mar 2027	172	45.6%	603	451

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, PWR's largest open interest sits at the 560 strike, with 3,358 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
560	102	3,256	3,358
580	159	2,734	2,893
760	528	1,513	2,041
530	8	1,822	1,830
510	0	1,795	1,795
600	783	991	1,774

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, PWR's at the money IV moved from 40.5 percent to 43.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	40.5%	43.8%	+3.3 points
Open interest, strikes captured near the price	33,027	33,705	+678
Put/call ratio, open interest	1.91	1.95	+0.04

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, 6,024 PWR option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	2,217
Puts traded	3,807
Against its recent average	1.1 times
Busier than	11 of its last 20 trading days
Open interest, whole chain	39,009 contracts
Volume to open interest	0.15
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 PWR'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	670.58	minus $3.48 million	700	560
21 Sep 2026	642.61	minus $9.18 million	650	580
28 Sep 2026	644.36	minus $7.9 million	650	580

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 PWR was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	653.87, the swing high of 11 Sep 2026
Level below the close	626.41, the swing low of 24 Sep 2026
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.

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Rank by Timeframe

On 25 Sep 2026 PWR sat at the 31st percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	88 of 100	Bullish
20 trading days	38 of 100	Neutral
45 trading days	31 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 PWR'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	1 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 PWR had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	31 of 100
24 Sep 2026	None	29 of 100
23 Sep 2026	None	23 of 100
22 Sep 2026	None	18 of 100
21 Sep 2026	None	68 of 100
18 Sep 2026	None	71 of 100
17 Sep 2026	None	89 of 100
16 Sep 2026	None	45 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, 51 of 147 Industrials names were bullish and 37 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Industrials	147	51	37	59

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

PWR closed at 644.36 on 28 Sep 2026.

Figure	Value
Last close	644.36
Change over 5 trading days	+0.3%
Change over 21 trading days	+3.6%
Change over 63 trading days	-9.8%
Change over 252 trading days	+60.9%
52 week high	788.75
52 week low	399.18
20 day moving average	628.71
50 day moving average	641.74
200 day moving average	601.50
RSI, 14 days	53

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

PWR reports next on 29 Oct 2026, and options priced an earnings move of 14.0 percent through 20 Nov 2026.

Figure	Value
Next report	29 Oct 2026, before the open
Date	Confirmed by the company
Priced earnings move	14.0%, a straddle of $90.25 at the 640 strike, expiring 20 Nov 2026
Move after the report of 30 Jul 2026	+17.3%
Move after the report of 30 Apr 2026	+2.0%
Move after the report of 28 Jan 2026	+0.5%
Move after the report of 1 May 2025	+10.0%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

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

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Company Events

PWR filed 1 current report in the 14 days to 28 Sep 2026, the latest on 15 Sep 2026.

Filed	Report	What it covers
15 Sep 2026	Current report	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Regulation FD Disclosure

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

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Short Volume

On 25 Sep 2026, 54.0 percent of PWR's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	54.0%
Five day average	52.0%
52 week median	53.8%

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.

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Seasonality

In the 23 Septembers on record, PWR's average change was plus 0.2 percent, and it rose in 52.2 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.2%	+0.1%	52.2%	23
October	+2.2%	+3.0%	65.2%	23
November	+1.7%	+0.2%	52.2%	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 2 headlines naming PWR 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 PWR's IV rank?: PWR's IV rank is 94 of 100 on 28 Sep 2026.
What move are PWR options pricing?: On 28 Sep 2026, PWR options priced a move of 9.0 percent down and 10.1 percent up by 16 Oct 2026.
Where are PWR's call wall and put wall?: On 28 Sep 2026, PWR's call wall is the 650 strike and its put wall is the 580 strike.
What was the desk's latest view of PWR on the Free plan?: On 25 Sep 2026 the desk's view of PWR was neutral, paper trading.
When does PWR report earnings next?: PWR reports next on 29 Oct 2026, and options priced an earnings move of 14.0 percent through 20 Nov 2026.

More Industrials names

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