Health Care

Spyre Therapeutics, Inc. (SYRE) options and signal

Figures as of 28 Sep 2026

SYRE is Spyre Therapeutics, Inc., a Health Care 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

FigureValueDate
IV rank0 of 10028 Sep
At the money IV62.4%28 Sep
Priced move to 16 Oct12.8% down, 13.2% up28 Sep
Call wall and put wall90 and 8528 Sep
Signal and the desk's viewNo signal, view neutral25 Sep
Last close85.7928 Sep
Next report3 Nov 202628 Sep

Options Snapshot

SYRE's IV rank is 0 of 100 on 28 Sep 2026.

FigureValue
IV rank0 of 100
At the money IV62.4%, near month, 18 days
Put/call ratio, open interest1.89
Call open interest, strikes captured near the price334 contracts
Put open interest, strikes captured near the price630 contracts
Cost to trade at the moneyWide, 79.3% of the option's mid price

IV rank is where the at the money IV sits among SYRE'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, SYRE options priced a move of 12.8 percent down and 13.2 percent up by 16 Oct 2026.

ExpiryDaysDownUpRange
16 Oct 20261812.8%13.2%74.79 to 97.09
20 Nov 20265323.7%25.8%65.49 to 107.89
18 Dec 20268134.2%35.3%56.49 to 116.09
15 Jan 202710960.6%60.6%33.79 to 137.79
19 Mar 202717241.6%41.6%50.09 to 121.49

The range is one standard deviation either side of the close of 85.79, 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, SYRE's call wall is the 90 strike and its put wall is the 85 strike.

FigureValue
Call wall, most open call gamma90
Put wall, most open put gamma85
Net dollar gamma, calls minus putsminus $68,862
Total dollar gamma, both sides$137,490
Close85.79

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, SYRE's at the money IV is 62.4 percent against 20 day realized volatility of 31.5 percent.

FigureValue
At the money IV62.4%
Realized volatility, 20 trading days31.5%
Realized volatility, 60 trading days55.7%
IV against its own weekly recordLow, in the bottom fifth
Weekly readings on record98, from 26 Apr 2024
Weeks the price moved more than the one week priced move10.3% of 97 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, SYRE's at the money IV runs from 62.4 percent at 18 days to 60.6 percent at 172 days.

Days to expiryAt the money IV
1862.4%
5365.3%
8172.4%
109111.0%
17260.6%

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.

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Volatility Smile

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

Strike areaImplied volatilityAgainst at the money
10% below the price65.6%+0.4 points
At the money65.3%0.0 points
10% above the price62.8%-2.5 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, SYRE's surface spans 5 expiries out to 172 days, with IV from 57.7 to 204.8 percent near the price.

FigureValue
Expiries captured5
Nearest expiry16 Oct 2026, 18 days
Farthest expiry19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more11
Lowest IV among them57.7%
Highest IV among them204.8%

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, SYRE has 5 captured expiries, from 16 Oct 2026 to 19 Mar 2027.

ExpiryDaysAt the money IVCall open interestPut open interest
16 Oct 20261862.4%66497
20 Nov 20265365.3%7838
18 Dec 20268172.4%10348
15 Jan 2027109111.0%144
19 Mar 202717260.6%7343

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, SYRE's largest open interest sits at the 85 strike, with 242 contracts across the captured expiries.

StrikeCall open interestPut open interestTotal
8517225242
706176182
907930109
1006733100
95235982
80204666

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, SYRE's at the money IV moved from 62.8 percent to 62.4 percent.

Figure25 Sep28 SepChange
At the money IV62.8%62.4%-0.3 points
Open interest, strikes captured near the price920964+44
Put/call ratio, open interest1.841.89+0.05

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, 227 SYRE option contracts traded, 0.9 times its own recent average.

FigureValue
Calls traded126
Puts traded101
Against its recent average0.9 times
Busier than4 of its last 18 trading days
Open interest, whole chain990 contracts
Volume to open interest0.23
Unusual volume flagNo

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 19 trading days of SYRE's option positioning, from 1 Sep 2026 to 28 Sep 2026.

DateCloseNet dollar gammaTop call strikeTop put strike
1 Sep 202688.50minus $331,17095105
21 Sep 202692.03minus $2099095
28 Sep 202685.79minus $68,8629085

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 SYRE was neutral, paper trading.

FigureValue
SideNeutral at 45 trading days, no signal
Level above the close91.41, the swing high of 11 Sep 2026
Level below the close84.00, the swing low of 2 Sep 2026
Strategy familyLong straddle (buy a call and a put at the same strike)
Price targetNone. 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 SYRE sat at the 58th percentile of the model's 45 trading day ranking, paper trading.

TimeframePercentileSide
10 trading days83 of 100Bullish
20 trading days57 of 100Neutral
45 trading days58 of 100Neutral

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 SYRE's near timeframes were bullish and its long timeframe was neutral, paper trading.

GroupTimeframesSideOn that side
Near10 day, 20 dayBullish1 of 2
Long45 dayNeutral0 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 SYRE had carried no signal for 4 trading days, paper trading.

Trading daySignal45 day percentile
25 Sep 2026None58 of 100
24 Sep 2026None40 of 100
23 Sep 2026None8 of 100
22 Sep 2026None7 of 100
21 Sep 2026Bearish2 of 100
18 Sep 2026None6 of 100
17 Sep 2026None9 of 100
16 Sep 2026None16 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, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

SectorNamesBullishBearishNeutral
Health Care120325236

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

SYRE closed at 85.79 on 28 Sep 2026.

FigureValue
Last close85.79
Change over 5 trading days-6.8%
Change over 21 trading days-8.4%
Change over 63 trading days-4.8%
Change over 252 trading days+449.6%
52 week high110.17
52 week low15.49
20 day moving average89.24
50 day moving average96.82
200 day moving average66.52
RSI, 14 days36

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

SYRE reports next on 3 Nov 2026, a date worked out from past quarters.

FigureValue
Next report3 Nov 2026, after the close
DateWorked out from past quarters
Move after the report of 29 Jul 2026+3.7%
Move after the report of 30 Apr 2026-6.8%
Move after the report of 28 Jan 2026+1.3%
Move after the report of 8 May 2025+9.6%

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

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Seasonality

In the 10 Septembers on record, SYRE's average change was plus 1.6 percent, and it rose in 60.0 percent of them.

MonthAverage changeMiddle changeShare of years upYears
September+1.6%+1.1%60.0%10
October+10.9%-3.0%40.0%10
November+0.5%-3.0%40.0%10

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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Questions

What is SYRE's IV rank?
SYRE's IV rank is 0 of 100 on 28 Sep 2026.
What move are SYRE options pricing?
On 28 Sep 2026, SYRE options priced a move of 12.8 percent down and 13.2 percent up by 16 Oct 2026.
Where are SYRE's call wall and put wall?
On 28 Sep 2026, SYRE's call wall is the 90 strike and its put wall is the 85 strike.
What was the desk's latest view of SYRE on the Free plan?
On 25 Sep 2026 the desk's view of SYRE was neutral, paper trading.
When does SYRE report earnings next?
SYRE reports next on 3 Nov 2026, a date worked out from past quarters.

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