Options

Q options

Figures as of 28 Sep 2026

The options figures are from the close on 28 Sep 2026.

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
Priced move to 16 Oct	11.4% down, 12.9% up	28 Sep
Call wall and put wall	170 and 115	28 Sep
Next report	16 Nov 2026	28 Sep

Options Snapshot

Q's at the money implied volatility is 57.5 percent on 28 Sep 2026.

Figure	Value
IV rank	Not stated, 33 weeks of record
At the money IV	57.5%, near month, 18 days
Put/call ratio, open interest	1.21
Call open interest, strikes captured near the price	16,600 contracts
Put open interest, strikes captured near the price	20,100 contracts
Cost to trade at the money	Fair, 38.2% 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, Q options priced a move of 11.4 percent down and 12.9 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.4%	12.9%	110.61 to 141.01
20 Nov 2026	53	20.0%	22.0%	99.91 to 152.41
18 Dec 2026	81	26.6%	27.8%	91.71 to 159.61
19 Feb 2027	144	32.3%	36.3%	84.51 to 170.21

The range is one standard deviation either side of the close of 124.91, 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, Q's call wall is the 170 strike and its put wall is the 115 strike.

Figure	Value
Call wall, most open call gamma	170
Put wall, most open put gamma	115
Net dollar gamma, calls minus puts	minus $781,075
Total dollar gamma, both sides	$5.51 million
Close	124.91

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, Q's at the money IV is 57.5 percent against 20 day realized volatility of 40.3 percent.

Figure	Value
At the money IV	57.5%
Realized volatility, 20 trading days	40.3%
Realized volatility, 60 trading days	45.4%
Weekly readings on record	33, from 19 Dec 2025

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, Q's at the money IV runs from 57.5 percent at 18 days to 54.6 percent at 144 days.

Days to expiry	At the money IV
18	57.5%
53	57.4%
81	55.7%
144	54.6%

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 Smile

On 28 Sep 2026, at the 53 day expiry, Q's IV ten percent below the price sits 1.8 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	59.1%	+1.8 points
At the money	57.4%	0.0 points
10% above the price	57.0%	-0.4 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, Q's surface spans 4 expiries out to 144 days, with IV from 51.7 to 59.5 percent near the price.

Figure	Value
Expiries captured	4
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	20
Lowest IV among them	51.7%
Highest IV among them	59.5%

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, Q has 4 captured expiries, from 16 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	57.5%	3,719	15,339
20 Nov 2026	53	57.4%	9,763	2,716
18 Dec 2026	81	55.7%	1,892	1,218
19 Feb 2027	144	54.6%	1,259	873

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, Q's largest open interest sits at the 100 strike, with 10,395 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
100	77	10,318	10,395
170	7,939	102	8,041
115	134	4,131	4,265
130	759	1,035	1,794
140	1,538	82	1,620
135	1,137	394	1,531

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, Q's at the money IV moved from 52.7 percent to 57.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	52.7%	57.5%	+4.8 points
Open interest, strikes captured near the price	35,103	36,779	+1,676
Put/call ratio, open interest	1.27	1.21	-0.06

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, 2,656 Q option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	1,570
Puts traded	1,086
Against its recent average	0.8 times
Busier than	6 of its last 20 trading days
Open interest, whole chain	56,351 contracts
Volume to open interest	0.05
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 Q'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	138.24	$676,334	155	135
21 Sep 2026	121.82	minus $1.71 million	135	115
28 Sep 2026	124.91	minus $781,075	170	115

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

Earnings Radar

Q reports next on 16 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	16 Nov 2026
Date	Confirmed by the company

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Short Volume

On 25 Sep 2026, 49.0 percent of Q's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	49.0%
Five day average	50.4%
52 week median	36.7%

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

Questions

What is Q's IV rank?: Q's at the money implied volatility is 57.5 percent on 28 Sep 2026.
What move are Q options pricing?: On 28 Sep 2026, Q options priced a move of 11.4 percent down and 12.9 percent up by 16 Oct 2026.
Where are Q's call wall and put wall?: On 28 Sep 2026, Q's call wall is the 170 strike and its put wall is the 115 strike.
When does Q report earnings next?: Q reports next on 16 Nov 2026, a date confirmed by the company.

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