Information Technology

Viavi Solutions Inc. (VIAV) options and signal

Figures as of 28 Sep 2026

VIAV is Viavi Solutions 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	87 of 100	28 Sep
At the money IV	68.7%	28 Sep
Priced move to 16 Oct	15.0% down, 14.5% up	28 Sep
Call wall and put wall	50 and 35	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	40.87	28 Sep
Next report	28 Oct 2026	28 Sep

Options Snapshot

VIAV's IV rank is 87 of 100 on 28 Sep 2026.

Figure	Value
IV rank	87 of 100
At the money IV	68.7%, near month, 18 days
Put/call ratio, open interest	0.41
Call open interest, strikes captured near the price	55,600 contracts
Put open interest, strikes captured near the price	22,600 contracts
Cost to trade at the money	Fair, 27.5% of the option's mid price

IV rank is where the at the money IV sits among VIAV'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.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, VIAV options priced a move of 15.0 percent down and 14.5 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	15.0%	14.5%	34.75 to 46.81
20 Nov 2026	53	30.8%	29.6%	28.27 to 52.97
18 Dec 2026	81	35.2%	36.0%	26.47 to 55.57
15 Jan 2027	109	40.9%	39.9%	24.17 to 57.17
19 Feb 2027	144	45.8%	48.0%	22.17 to 60.47
19 Mar 2027	172	49.7%	52.6%	20.57 to 62.37
16 Apr 2027	200	53.1%	55.3%	19.17 to 63.47

The range is one standard deviation either side of the close of 40.87, 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, VIAV's call wall is the 50 strike and its put wall is the 35 strike.

Figure	Value
Call wall, most open call gamma	50
Put wall, most open put gamma	35
Net dollar gamma, calls minus puts	$2.01 million
Total dollar gamma, both sides	$3.28 million
Close	40.87

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 4 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, VIAV's at the money IV is 68.7 percent against 20 day realized volatility of 78.3 percent.

Figure	Value
At the money IV	68.7%
Realized volatility, 20 trading days	78.3%
Realized volatility, 60 trading days	81.8%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	495, from 7 Aug 2015
Weeks the price moved more than the one week priced move	22.3% of 184 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, VIAV's at the money IV runs from 68.7 percent at 18 days to 74.6 percent at 200 days.

Days to expiry	At the money IV
18	68.7%
53	80.0%
81	74.9%
109	73.1%
144	76.1%
172	73.9%
200	74.6%

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, VIAV's IV ten percent below the price sits 2.3 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	77.7%	-2.3 points
At the money	80.0%	0.0 points
10% above the price	81.2%	+1.2 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, VIAV's surface spans 7 expiries out to 200 days, with IV from 38.3 to 81.4 percent near the price.

Figure	Value
Expiries captured	7
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	47
Lowest IV among them	38.3%
Highest IV among them	81.4%

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, VIAV has 7 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	68.7%	9,575	5,158
20 Nov 2026	53	80.0%	20,917	6,243
18 Dec 2026	81	74.9%	8,316	1,574
15 Jan 2027	109	73.1%	10,485	8,948
19 Feb 2027	144	76.1%	795	583
19 Mar 2027	172	73.9%	1,306	61
16 Apr 2027	200	74.6%	4,256	45

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, VIAV's largest open interest sits at the 50 strike, with 17,954 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
50	17,856	98	17,954
40	6,546	937	7,483
60	6,825	105	6,930
35	3,907	2,415	6,322
25	276	5,146	5,422
45	2,899	746	3,645

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, VIAV's at the money IV moved from 68.4 percent to 68.7 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	68.4%	68.7%	+0.3 points
Open interest, strikes captured near the price	74,512	78,262	+3,750
Put/call ratio, open interest	0.42	0.41	-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, 8,381 VIAV option contracts traded, 1.3 times its own recent average.

Figure	Value
Calls traded	6,416
Puts traded	1,965
Against its recent average	1.3 times
Busier than	17 of its last 20 trading days
Open interest, whole chain	87,577 contracts
Volume to open interest	0.10
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 VIAV'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	38.40	$29,721	40	35
21 Sep 2026	36.20	$163,660	40	29
28 Sep 2026	40.87	$2.01 million	50	35

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 VIAV was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	49.41, the swing high of 30 Jun 2026
Level below the close	40.04, the swing low of 9 Sep 2026, a close past it runs against the view
The chart	Sits with the view
Strategy family	Cash-secured put (sell a put below 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 VIAV sat at the 80th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	80 of 100	Neutral
20 trading days	82 of 100	Bullish
45 trading days	80 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, 1 of 3 timeframes put VIAV on the bullish side, 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.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 VIAV had carried no signal for 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	80 of 100
24 Sep 2026	None	74 of 100
23 Sep 2026	None	81 of 100
22 Sep 2026	None	55 of 100
21 Sep 2026	None	82 of 100
18 Sep 2026	Bullish	98 of 100
17 Sep 2026	None	75 of 100
16 Sep 2026	None	70 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.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

VIAV closed at 40.87 on 28 Sep 2026.

Figure	Value
Last close	40.87
Change over 5 trading days	+12.9%
Change over 21 trading days	+6.3%
Change over 63 trading days	-13.8%
Change over 252 trading days	+232.5%
52 week high	60.43
52 week low	12.17
20 day moving average	36.41
50 day moving average	38.12
200 day moving average	36.28
RSI, 14 days	60

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

VIAV reports next on 28 Oct 2026, and options priced an earnings move of 24.5 percent through 20 Nov 2026.

Figure	Value
Next report	28 Oct 2026, after the close
Date	Confirmed by the company
Priced earnings move	24.5%, a straddle of $10.00 at the 41 strike, expiring 20 Nov 2026
Move after the report of 5 Aug 2026	+4.3%
Move after the report of 30 Apr 2026	+5.6%
Move after the report of 28 Jan 2026	+17.4%
Move after the report of 1 May 2025	-12.3%

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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Public Filings

The filings the desk holds carry 1 recent trade in VIAV shares.

Filed	Who	Trade	Size
4 Sep 2026	. Gilbert Cisneros, member of Congress	Sold part	$1,001 to $15,000

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

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

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Seasonality

In the 23 Septembers on record, VIAV's average change was plus 2.6 percent, and it rose in 56.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+2.6%	+1.2%	56.5%	23
October	-1.8%	-1.9%	43.5%	23
November	+1.4%	+1.0%	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.

Open Seasonality in RingMaster The Seasonality guide

Questions

What is VIAV's IV rank?: VIAV's IV rank is 87 of 100 on 28 Sep 2026.
What move are VIAV options pricing?: On 28 Sep 2026, VIAV options priced a move of 15.0 percent down and 14.5 percent up by 16 Oct 2026.
Where are VIAV's call wall and put wall?: On 28 Sep 2026, VIAV's call wall is the 50 strike and its put wall is the 35 strike.
What was the desk's latest view of VIAV on the Free plan?: On 25 Sep 2026 the desk's view of VIAV was bullish, paper trading.
When does VIAV report earnings next?: VIAV reports next on 28 Oct 2026, and options priced an earnings move of 24.5 percent through 20 Nov 2026.

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