Energy

Valaris Limited (VAL) options and signal

Figures as of 28 Sep 2026

VAL is Valaris Limited, an Energy 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	75 of 100	28 Sep
At the money IV	57.0%	28 Sep
Priced move to 16 Oct	13.3% down, 11.8% up	28 Sep
Call wall and put wall	85 and 75	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	79.62	28 Sep
Next report	28 Oct 2026	28 Sep

Options Snapshot

VAL's IV rank is 75 of 100 on 28 Sep 2026.

Figure	Value
IV rank	75 of 100
At the money IV	57.0%, near month, 18 days
Put/call ratio, open interest	0.13
Call open interest, strikes captured near the price	22,600 contracts
Put open interest, strikes captured near the price	3,010 contracts
Cost to trade at the money	Wide, 68.9% of the option's mid price

IV rank is where the at the money IV sits among VAL'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, VAL options priced a move of 13.3 percent down and 11.8 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	13.3%	11.8%	69.02 to 89.01
20 Nov 2026	53	19.7%	20.8%	63.92 to 96.22
18 Dec 2026	81	26.2%	24.0%	58.72 to 98.72
15 Jan 2027	109	26.2%	34.9%	58.72 to 107.42
19 Feb 2027	144	35.5%	33.3%	51.32 to 106.12

The range is one standard deviation either side of the close of 79.62, 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, VAL's call wall is the 85 strike and its put wall is the 75 strike.

Figure	Value
Call wall, most open call gamma	85
Put wall, most open put gamma	75
Net dollar gamma, calls minus puts	$2.02 million
Total dollar gamma, both sides	$2.53 million
Close	79.62

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, VAL's at the money IV is 57.0 percent against 20 day realized volatility of 50.3 percent.

Figure	Value
At the money IV	57.0%
Realized volatility, 20 trading days	50.3%
Realized volatility, 60 trading days	43.2%
IV against its own weekly record	In the middle
Weekly readings on record	258, from 7 May 2021
Weeks the price moved more than the one week priced move	24.6% 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, VAL's at the money IV runs from 57.0 percent at 18 days to 55.0 percent at 144 days.

Days to expiry	At the money IV
18	57.0%
53	55.2%
81	56.4%
109	66.1%
144	55.0%

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, VAL's IV ten percent below the price sits 48.9 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	6.2%	-48.9 points
At the money	55.2%	0.0 points
10% above the price	85.0%	+29.8 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, VAL's surface spans 5 expiries out to 144 days, with IV from 3.1 to 85.0 percent near the price.

Figure	Value
Expiries captured	5
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	28
Lowest IV among them	3.1%
Highest IV among them	85.0%

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, VAL has 5 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	57.0%	529	235
20 Nov 2026	53	55.2%	3,140	174
18 Dec 2026	81	56.4%	16,001	1,467
15 Jan 2027	109	66.1%	2,886	1,098
19 Feb 2027	144	55.0%	27	33

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, VAL's largest open interest sits at the 85 strike, with 7,243 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
85	7,089	154	7,243
120	3,827	1	3,828
75	1,952	1,043	2,995
70	2,500	287	2,787
80	2,024	65	2,089
90	1,232	26	1,258

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, VAL's at the money IV moved from 55.9 percent to 57.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	55.9%	57.0%	+1.0 points
Open interest, strikes captured near the price	23,170	25,590	+2,420
Put/call ratio, open interest	0.14	0.13	-0.01

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, 1,580 VAL option contracts traded, 0.6 times its own recent average.

Figure	Value
Calls traded	674
Puts traded	906
Against its recent average	0.6 times
Busier than	0 of its last 13 trading days
Open interest, whole chain	29,072 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.

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Positioning Replay

The replay holds 14 trading days of VAL's option positioning, from 9 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
9 Sep 2026	84.96	$1.63 million	85	75
21 Sep 2026	81.79	$1.68 million	85	75
28 Sep 2026	79.62	$2.02 million	85	75

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 VAL was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	80.43, the swing high of 22 Sep 2026
Level below the close	71.47, the swing low of 1 Jul 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 VAL sat at the 55th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	75 of 100	Neutral
20 trading days	61 of 100	Neutral
45 trading days	55 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 VAL's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 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 VAL had carried no signal for at least 14 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	55 of 100
24 Sep 2026	None	51 of 100
23 Sep 2026	None	57 of 100
22 Sep 2026	None	72 of 100
21 Sep 2026	None	44 of 100
18 Sep 2026	None	41 of 100
17 Sep 2026	None	60 of 100
16 Sep 2026	None	76 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, 17 of 56 Energy names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Energy	56	17	33	6

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

VAL closed at 79.62 on 28 Sep 2026.

Figure	Value
Last close	79.62
Change over 5 trading days	-2.7%
Change over 21 trading days	-6.8%
Change over 63 trading days	+6.8%
Change over 252 trading days	+57.8%
52 week high	114.12
52 week low	46.70
20 day moving average	84.63
50 day moving average	82.90
200 day moving average	81.77
RSI, 14 days	41

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

VAL reports next on 28 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	28 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 29 Jul 2026	+1.9%
Move after the report of 30 Apr 2026	+0.2%
Move after the report of 28 Jan 2026	+3.4%
Move after the report of 30 Apr 2025	+10.0%

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

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Seasonality

In the 5 Septembers on record, VAL's average change was plus 0.5 percent, and it rose in 20.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.5%	-1.8%	20.0%	5
October	+6.3%	+1.0%	60.0%	5
November	-3.5%	-1.4%	40.0%	5

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 VAL's IV rank?: VAL's IV rank is 75 of 100 on 28 Sep 2026.
What move are VAL options pricing?: On 28 Sep 2026, VAL options priced a move of 13.3 percent down and 11.8 percent up by 16 Oct 2026.
Where are VAL's call wall and put wall?: On 28 Sep 2026, VAL's call wall is the 85 strike and its put wall is the 75 strike.
What was the desk's latest view of VAL on the Free plan?: On 25 Sep 2026 the desk's view of VAL was neutral, paper trading.
When does VAL report earnings next?: VAL reports next on 28 Oct 2026, a date worked out from past quarters.

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