Utilities

Essential Utilities, Inc. (WTRG) options and signal

Figures as of 28 Sep 2026

WTRG is Essential Utilities, Inc., an Utilities 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	43 of 100	28 Sep
At the money IV	33.5%	28 Sep
Priced move to 16 Oct	7.4% down, 7.8% up	28 Sep
Call wall and put wall	40 and 35	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	38.96	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

WTRG's IV rank is 43 of 100 on 28 Sep 2026.

Figure	Value
IV rank	43 of 100
At the money IV	33.5%, near month, 18 days
Put/call ratio, open interest	0.35
Call open interest, strikes captured near the price	886 contracts
Put open interest, strikes captured near the price	311 contracts
Cost to trade at the money	Wide, 120.6% of the option's mid price

IV rank is where the at the money IV sits among WTRG'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, WTRG options priced a move of 7.4 percent down and 7.8 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	7.4%	7.8%	36.06 to 41.98
18 Dec 2026	81	13.1%	16.0%	33.86 to 45.20
19 Mar 2027	172	17.8%	17.7%	32.04 to 45.85

The range is one standard deviation either side of the close of 38.96, 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, WTRG's call wall is the 40 strike and its put wall is the 35 strike.

Figure	Value
Call wall, most open call gamma	40
Put wall, most open put gamma	35
Net dollar gamma, calls minus puts	$44,608
Total dollar gamma, both sides	$104,116
Close	38.96

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 2 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, WTRG's at the money IV is 33.5 percent against 20 day realized volatility of 13.7 percent.

Figure	Value
At the money IV	33.5%
Realized volatility, 20 trading days	13.7%
Realized volatility, 60 trading days	19.9%
IV against its own weekly record	In the middle
Weekly readings on record	242, from 28 Feb 2020
Weeks the price moved more than the one week priced move	8.8% of 170 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, WTRG's at the money IV runs from 33.5 percent at 18 days to 25.9 percent at 172 days.

Days to expiry	At the money IV
18	33.5%
81	27.8%
172	25.9%

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 Surface

On 28 Sep 2026, WTRG's surface spans 3 expiries out to 172 days, with IV from 25.6 to 33.5 percent near the price.

Figure	Value
Expiries captured	3
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	3
Lowest IV among them	25.6%
Highest IV among them	33.5%

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, WTRG has 3 captured expiries, from 16 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	33.5%	72	35
18 Dec 2026	81	27.8%	599	228
19 Mar 2027	172	25.9%	215	48

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, WTRG's largest open interest sits at the 40 strike, with 521 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
40	449	72	521
45	394	0	394
35	0	227	227
30	16	12	28
50	17	0	17
55	10	0	10

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, WTRG's at the money IV moved from 28.5 percent to 33.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	28.5%	33.5%	+5.0 points
Open interest, strikes captured near the price	1,181	1,197	+16
Put/call ratio, open interest	0.33	0.35	+0.02

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, 105 WTRG option contracts traded, 1.3 times its own recent average.

Figure	Value
Calls traded	81
Puts traded	24
Against its recent average	1.3 times
Busier than	6 of its last 9 trading days
Open interest, whole chain	1,217 contracts
Volume to open interest	0.09
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 10 trading days of WTRG's option positioning, from 15 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
15 Sep 2026	41.48	$242,704	40	35
21 Sep 2026	40.48	$133,969	35	35
28 Sep 2026	38.96	$44,608	40	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 WTRG was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	40.91, the swing high of 11 Sep 2026, a close past it runs against the view
Level below the close	37.72, the swing low of 15 Jul 2026
The chart	Sits with the view
Strategy family	Bear put spread (buy a put spread)
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 WTRG sat at the 6th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	1 of 100	Bearish
20 trading days	2 of 100	Bearish
45 trading days	6 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, 3 of 3 timeframes put WTRG on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 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 WTRG had carried no signal for at least 10 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	6 of 100
24 Sep 2026	None	2 of 100
23 Sep 2026	None	12 of 100
22 Sep 2026	None	12 of 100
21 Sep 2026	None	10 of 100
18 Sep 2026	None	12 of 100
17 Sep 2026	None	9 of 100
16 Sep 2026	None	12 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, 20 of 35 Utilities names were bullish and 11 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Utilities	35	20	11	4

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

WTRG closed at 38.96 on 28 Sep 2026.

Figure	Value
Last close	38.96
Change over 5 trading days	-3.8%
Change over 21 trading days	-3.9%
Change over 63 trading days	+1.4%
Change over 252 trading days	+3.1%
52 week high	42.51
52 week low	36.11
20 day moving average	41.03
50 day moving average	40.47
200 day moving average	39.16
RSI, 14 days	32

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

WTRG reports next on 4 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	4 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 29 Jul 2026	-0.9%
Move after the report of 30 Apr 2026	-0.5%
Move after the report of 28 Jan 2026	+1.6%
Move after the report of 12 May 2025	-4.0%

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

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Company Events

WTRG filed 1 current report in the 14 days to 28 Sep 2026, the latest on 17 Sep 2026.

Filed	Report	What it covers
17 Sep 2026	Current report	Other Events

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

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Seasonality

In the 23 Septembers on record, WTRG's average change was minus 1.3 percent, and it rose in 43.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.3%	-0.8%	43.5%	23
October	+1.0%	+1.8%	69.6%	23
November	+3.9%	+2.6%	73.9%	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.

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Questions

What is WTRG's IV rank?: WTRG's IV rank is 43 of 100 on 28 Sep 2026.
What move are WTRG options pricing?: On 28 Sep 2026, WTRG options priced a move of 7.4 percent down and 7.8 percent up by 16 Oct 2026.
Where are WTRG's call wall and put wall?: On 28 Sep 2026, WTRG's call wall is the 40 strike and its put wall is the 35 strike.
What was the desk's latest view of WTRG on the Free plan?: On 25 Sep 2026 the desk's view of WTRG was bearish, paper trading.
When does WTRG report earnings next?: WTRG reports next on 4 Nov 2026, a date confirmed by the company.

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