Health Care

Zoetis Inc (ZTS) options and signal

Figures as of 28 Sep 2026

ZTS is Zoetis 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

Figure	Value	Date
IV rank	90 of 100	28 Sep
At the money IV	33.5%	28 Sep
Priced move to 16 Oct	7.0% down, 7.7% up	28 Sep
Call wall and put wall	75 and 70	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	71.43	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

ZTS's IV rank is 90 of 100 on 28 Sep 2026.

Figure	Value
IV rank	90 of 100
At the money IV	33.5%, near month, 18 days
Put/call ratio, open interest	1.07
Call open interest, strikes captured near the price	37,700 contracts
Put open interest, strikes captured near the price	40,400 contracts
Cost to trade at the money	Fair, 22.0% of the option's mid price

IV rank is where the at the money IV sits among ZTS'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, ZTS options priced a move of 7.0 percent down and 7.7 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	7.0%	7.7%	66.41 to 76.93
20 Nov 2026	53	17.5%	16.5%	58.93 to 83.23
18 Dec 2026	81	19.0%	19.5%	57.83 to 85.33
15 Jan 2027	109	24.8%	22.3%	53.73 to 87.33
19 Mar 2027	172	30.8%	31.5%	49.43 to 93.93
16 Apr 2027	200	33.0%	36.4%	47.83 to 97.43

The range is one standard deviation either side of the close of 71.43, 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, ZTS's call wall is the 75 strike and its put wall is the 70 strike.

Figure	Value
Call wall, most open call gamma	75
Put wall, most open put gamma	70
Flip strike, where net gamma changes sign	74.23
Net dollar gamma, calls minus puts	minus $1.3 million
Total dollar gamma, both sides	$9.68 million
Close	71.43

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.

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, ZTS's at the money IV is 33.5 percent against 20 day realized volatility of 19.3 percent.

Figure	Value
At the money IV	33.5%
Realized volatility, 20 trading days	19.3%
Realized volatility, 60 trading days	30.2%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	703, from 15 Feb 2013
Weeks the price moved more than the one week priced move	29.4% of 252 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, ZTS's at the money IV runs from 33.5 percent at 18 days to 47.8 percent at 200 days.

Days to expiry	At the money IV
18	33.5%
53	48.5%
81	41.3%
109	43.7%
172	46.6%
200	47.8%

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, ZTS's IV ten percent below the price sits 2.6 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	51.1%	+2.6 points
At the money	48.5%	0.0 points
10% above the price	47.1%	-1.4 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, ZTS's surface spans 6 expiries out to 200 days, with IV from 33.0 to 54.0 percent near the price.

Figure	Value
Expiries captured	6
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	18
Lowest IV among them	33.0%
Highest IV among them	54.0%

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, ZTS has 6 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	33.5%	9,628	11,971
20 Nov 2026	53	48.5%	2,689	2,722
18 Dec 2026	81	41.3%	5,170	9,866
15 Jan 2027	109	43.7%	12,185	11,588
19 Mar 2027	172	46.6%	7,632	3,977
16 Apr 2027	200	47.8%	380	264

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, ZTS's largest open interest sits at the 75 strike, with 12,809 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
75	6,127	6,682	12,809
65	242	10,195	10,437
80	7,189	2,152	9,341
70	1,500	7,454	8,954
60	435	6,589	7,024
85	5,359	644	6,003

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, ZTS's at the money IV moved from 34.5 percent to 33.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	34.5%	33.5%	-1.0 points
Open interest, strikes captured near the price	77,025	78,072	+1,047
Put/call ratio, open interest	1.06	1.07	+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.

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Changed Hands

On 28 Sep 2026, 2,675 ZTS option contracts traded, 0.5 times its own recent average.

Figure	Value
Calls traded	1,306
Puts traded	1,369
Against its recent average	0.5 times
Busier than	0 of its last 20 trading days
Open interest, whole chain	96,820 contracts
Volume to open interest	0.03
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 ZTS'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	75.35	$68,139	80	75
21 Sep 2026	71.33	minus $2.26 million	75	70
28 Sep 2026	71.43	minus $1.3 million	75	70

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 ZTS was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	71.50, the swing high of 11 Sep 2026
Level below the close	70.26, the swing low of 21 Sep 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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 ZTS sat at the 23rd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	20 of 100	Neutral
20 trading days	37 of 100	Neutral
45 trading days	23 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.

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Timeframe Agreement

On 25 Sep 2026 ZTS'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.

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Signal History

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	23 of 100
24 Sep 2026	None	62 of 100
23 Sep 2026	None	69 of 100
22 Sep 2026	None	67 of 100
21 Sep 2026	None	63 of 100
18 Sep 2026	Bullish	87 of 100
17 Sep 2026	None	56 of 100
16 Sep 2026	None	52 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, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Health Care	120	32	52	36

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

ZTS closed at 71.43 on 28 Sep 2026.

Figure	Value
Last close	71.43
Change over 5 trading days	+0.1%
Change over 21 trading days	-4.8%
Change over 63 trading days	-2.5%
Change over 252 trading days	-49.4%
52 week high	148.79
52 week low	69.52
20 day moving average	73.42
50 day moving average	74.82
200 day moving average	99.33
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

ZTS reports next on 5 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	5 Nov 2026, before the open
Date	Confirmed by the company
Move after the report of 6 Aug 2026	+3.9%
Move after the report of 30 Apr 2026	-0.7%
Move after the report of 28 Jan 2026	-0.2%
Move after the report of 6 May 2025	-5.2%

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 ZTS 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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Short Volume

On 25 Sep 2026, 54.4 percent of ZTS's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	54.4%
Five day average	47.1%
52 week median	45.9%

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 13 Septembers on record, ZTS's average change was minus 0.8 percent, and it rose in 53.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.8%	+1.1%	53.8%	13
October	-0.8%	+0.1%	53.8%	13
November	+3.9%	+2.7%	69.2%	13

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 ZTS's IV rank?: ZTS's IV rank is 90 of 100 on 28 Sep 2026.
What move are ZTS options pricing?: On 28 Sep 2026, ZTS options priced a move of 7.0 percent down and 7.7 percent up by 16 Oct 2026.
Where are ZTS's call wall and put wall?: On 28 Sep 2026, ZTS's call wall is the 75 strike and its put wall is the 70 strike.
What was the desk's latest view of ZTS on the Free plan?: On 25 Sep 2026 the desk's view of ZTS was neutral, paper trading.
When does ZTS report earnings next?: ZTS reports next on 5 Nov 2026, a date confirmed by the company.

More Health Care names

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