Information Technology

Twilio Inc. (TWLO) options and signal

Figures as of 28 Sep 2026

TWLO is Twilio 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	89 of 100	28 Sep
At the money IV	72.9%	28 Sep
Priced move to 30 Oct	20.9% down, 21.7% up	28 Sep
Call wall and put wall	310 and 280	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	286.98	28 Sep
Next report	29 Oct 2026	28 Sep

Options Snapshot

TWLO's IV rank is 89 of 100 on 28 Sep 2026.

Figure	Value
IV rank	89 of 100
At the money IV	72.9%, near month, 32 days
Put/call ratio, open interest	0.62
Call open interest, strikes captured near the price	25,900 contracts
Put open interest, strikes captured near the price	16,000 contracts
Cost to trade at the money	Fair, 18.6% of the option's mid price

IV rank is where the at the money IV sits among TWLO'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, TWLO options priced a move of 20.9 percent down and 21.7 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	6.7%	7.2%	267.68 to 307.78
9 Oct 2026	11	10.4%	10.7%	257.08 to 317.68
23 Oct 2026	25	15.3%	15.9%	242.98 to 332.48
30 Oct 2026	32	20.9%	21.7%	227.08 to 349.38
20 Nov 2026	53	26.6%	28.2%	210.58 to 367.78
18 Dec 2026	81	30.5%	32.9%	199.38 to 381.38
19 Feb 2027	144	39.4%	43.2%	173.98 to 410.98

The range is one standard deviation either side of the close of 286.98, 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, TWLO's call wall is the 310 strike and its put wall is the 280 strike.

Figure	Value
Call wall, most open call gamma	310
Put wall, most open put gamma	280
Net dollar gamma, calls minus puts	$2.76 million
Total dollar gamma, both sides	$18.51 million
Close	286.98

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 10 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, TWLO's at the money IV is 72.9 percent against 20 day realized volatility of 63.8 percent.

Figure	Value
At the money IV	72.9%
Realized volatility, 20 trading days	63.8%
Realized volatility, 60 trading days	67.7%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	511, from 1 Jul 2016
Weeks the price moved more than the one week priced move	31.8% of 236 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.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, TWLO's at the money IV runs from 65.2 percent at 4 days to 65.9 percent at 144 days.

Days to expiry	At the money IV
4	65.2%
11	62.8%
18	61.8%
25	60.5%
39	76.7%
53	71.8%
81	67.0%
144	65.9%

Near and far expiries price about the same volatility, a flat 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 32 day expiry, TWLO's IV ten percent below the price sits 1.6 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	71.3%	-1.6 points
At the money	72.9%	0.0 points
10% above the price	73.2%	+0.4 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, TWLO's surface spans 10 expiries out to 144 days, with IV from 58.7 to 77.5 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	98
Lowest IV among them	58.7%
Highest IV among them	77.5%

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, TWLO has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	65.2%	2,240	1,751
9 Oct 2026	11	62.8%	1,593	2,921
16 Oct 2026	18	61.8%	7,102	4,343
23 Oct 2026	25	60.5%	381	204
30 Oct 2026	32	72.9%	340	184
6 Nov 2026	39	76.7%	31	31
20 Nov 2026	53	71.8%	4,122	968
18 Dec 2026	81	67.0%	3,463	1,489
15 Jan 2027	109	64.0%	5,845	2,672
19 Feb 2027	144	65.9%	812	1,416

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, TWLO's largest open interest sits at the 220 strike, with 4,007 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
220	2,857	1,150	4,007
250	1,910	1,386	3,296
280	965	2,027	2,992
240	1,353	1,559	2,912
300	1,342	428	1,770
260	1,009	729	1,738

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, TWLO's at the money IV moved from 55.4 percent to 72.9 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	55.4%	72.9%	+17.5 points
Open interest, strikes captured near the price	39,690	41,908	+2,218
Put/call ratio, open interest	0.49	0.62	+0.12

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, 10,810 TWLO option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	5,241
Puts traded	5,569
Against its recent average	1.1 times
Busier than	19 of its last 20 trading days
Open interest, whole chain	57,573 contracts
Volume to open interest	0.19
Unusual volume flag	Yes, 1 contract traded well above open interest
Largest flagged contract	The 280 put expiring 2 Oct, 397 traded against 144 open

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 TWLO'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	255.95	$15.76 million	255	250
21 Sep 2026	266.06	$4.32 million	250	240
28 Sep 2026	286.98	$2.76 million	310	280

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 TWLO was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	304.75, the swing high of 24 Sep 2026, a close past it runs against the view
Level below the close	241.01, the swing low of 3 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above the price)
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 TWLO sat at the 7th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	28 of 100	Neutral
20 trading days	8 of 100	Bearish
45 trading days	7 of 100	Bearish

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, 2 of 3 timeframes put TWLO on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	1 of 2
Long	45 day	Bearish	1 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 TWLO had carried no signal for 1 trading day, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	7 of 100
24 Sep 2026	Bearish	2 of 100
23 Sep 2026	Bearish	5 of 100
22 Sep 2026	None	6 of 100
21 Sep 2026	None	10 of 100
18 Sep 2026	None	26 of 100
17 Sep 2026	None	12 of 100
16 Sep 2026	None	17 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.

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Price Chart

TWLO closed at 286.98 on 28 Sep 2026.

Figure	Value
Last close	286.98
Change over 5 trading days	+7.9%
Change over 21 trading days	+18.9%
Change over 63 trading days	+44.4%
Change over 252 trading days	+183.2%
52 week high	304.75
52 week low	98.44
20 day moving average	249.14
50 day moving average	229.00
200 day moving average	172.89
RSI, 14 days	66

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

TWLO reports next on 29 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	29 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 6 Aug 2026	+24.9%
Move after the report of 30 Apr 2026	+23.8%
Move after the report of 28 Jan 2026	-8.9%
Move after the report of 1 May 2025	+2.3%

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

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Seasonality

In the 10 Septembers on record, TWLO's average change was minus 1.6 percent, and it rose in 40.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.6%	-2.9%	40.0%	10
October	-0.7%	-0.8%	50.0%	10
November	+4.6%	+3.2%	50.0%	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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Headlines

The desk's news feeds carried 5 headlines naming TWLO in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	5
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 TWLO's IV rank?: TWLO's IV rank is 89 of 100 on 28 Sep 2026.
What move are TWLO options pricing?: On 28 Sep 2026, TWLO options priced a move of 20.9 percent down and 21.7 percent up by 30 Oct 2026.
Where are TWLO's call wall and put wall?: On 28 Sep 2026, TWLO's call wall is the 310 strike and its put wall is the 280 strike.
What was the desk's latest view of TWLO on the Free plan?: On 25 Sep 2026 the desk's view of TWLO was bearish, paper trading.
When does TWLO report earnings next?: TWLO reports next on 29 Oct 2026, a date worked out from past quarters.

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