TRU-SENTIMENT · DeltaNeutral

ALGN Trading Analysis - 10/02/2026 11:50 AM — TRU-SENTIMENT

Options chain · Stock chart · Baseline chart

ALGN (Align Technology Inc) at $144.71. True Sentiment Bearish, delta 40-60 call 3% / put 97%, call $28,980 vs put $938,930. RSI 42.3.

Symbol: ALGN
Price: $144.71
Article bias (separate from True Sentiment): bearish
Conviction: medium
Published: 2026-10-02 11:50:00 ET
Author: DeltaNeutral staff

TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)

True Sentiment Analysis:

The Delta 40–60 options methodology classifies ALGN sentiment as Bearish. Puts account for 97.00% of analyzed directional dollar volume, compared with only 3.00% for calls.

Call Volume: $28,980.00 (3.00%)
Put Volume: $938,930.00 (97.00%)
Total: $967,910.00

The dollar-volume ratio is approximately 32.41 to 1 in favor of puts. Contracts show the same imbalance, with 962 put contracts compared with 23 call contracts. The sample is narrow—only 7.00 qualifying contracts and a 0.60% filter ratio—so the signal should be treated as a strong directional observation rather than a broad measure of the entire options market.

Technically, bearish options positioning aligns with the moving-average structure, negative MACD, and weak RSI. The limited divergence is that price has recently held near the 30-day low and briefly bounced during the last intraday bars. Such stabilization has not been large enough to contradict the broader downside trend.

Risk Alert: The put skew may be partly tactical or hedging-related. The embedded data does not provide trade direction, open interest, or delta details sufficient to determine whether these puts were opened to express outright bearishness or to hedge another position.

Key Statistics: ALGN

$144.70 -0.45%

52-Week Range

$124.91 - $200.44

Market Cap

$10.28B

P/E (TTM)

25.20

PEG Ratio

N/A

Beta

1.83

Next Earnings

N/A

Avg Volume

$682,554

Dividend Yield

0.00%

Fundamental Snapshot

Valuation

P/E (trailing)	25.20
EPS (trailing 12 mo)	$5.76
Market cap	$10.28B
Shares outstanding	71.0M

Dividend

Dividend yield

0.00%

Risk & range

Beta	1.83
52-week low	$124.91
52-week high	$200.44
Historical volatility	30.3%

Ownership & trading

Institutional ownership	79.9%
Average daily volume	0.9M sh

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