AXON options flow: unusual options activity in Axon Enterprise, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 77 unusual options prints in Axon Enterprise, Inc. (AXON), $6.9M of tracked premium, leaning bearish. Bullish premium was $2.7M against $3.5M bearish; $3.4M went into calls and $3.5M into puts, a put call ratio of 1.00. The largest print was $895K of AXON 18 Dec 2026 $500 puts on 21 September 2026, executed at bid. The last session with prints, 25 September 2026, added 21 prints and $1.6M of premium. AXON closed at $430.11 on 25 September 2026, down 3.3%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | AXON 18 Dec 2026 $500 puts | Trade | 100 | 62 | $895K | At bid | Bullish | High conviction |
| 21 Sep 2026 | AXON 18 Dec 2026 $500 puts | Trade | 50 | 62 | $448K | At bid | Neutral | Notable |
| 21 Sep 2026 | AXON 18 Dec 2026 $600 calls | Trade | 200 | 4,066 | $400K | At bid | Bearish | Notable |
| 23 Sep 2026 | AXON 18 Dec 2026 $600 calls | Sweep | 160 | 4,760 | $317K | At bid | Bearish | Notable |
| 25 Sep 2026 | AXON 18 Dec 2026 $520 calls | Trade | 100 | 54 | $308K | At bid | Bearish | High conviction |
| 23 Sep 2026 | AXON 17 Jun 2027 $740 puts | Trade | 7 | 0 | $213K | At ask | Bearish | Notable |
| 25 Sep 2026 | AXON 18 Dec 2026 $600 calls | Trade | 100 | 5,445 | $201K | At ask | Bullish | Notable |
| 24 Sep 2026 | AXON 18 Dec 2026 $600 calls | Sweep | 114 | 4,965 | $194K | At bid | Bearish | High conviction |
| 23 Sep 2026 | AXON 16 Oct 2026 $430 puts | Sweep | 121 | 154 | $169K | At bid | Bullish | High conviction |
| 22 Sep 2026 | AXON 18 Dec 2026 $480 calls | Sweep | 33 | 10 | $156K | At ask | Bullish | High conviction |
| 24 Sep 2026 | AXON 18 Dec 2026 $600 calls | Sweep | 95 | 4,965 | $152K | At bid | Bearish | Notable |
| 24 Sep 2026 | AXON 25 Sep 2026 $470 puts | Trade | 40 | 86 | $140K | At bid | Bullish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 18 Dec 2026 | 30 | $4.4M | 59% | -$766K |
| 20 Nov 2026 | 11 | $591K | 15% | -$28K |
| 17 Jun 2027 | 4 | $324K | 21% | -$281K |
| 15 Jan 2027 | 7 | $263K | 88% | +$35K |
| 16 Oct 2026 | 4 | $259K | 23% | +$259K |
| 21 Jan 2028 | 5 | $235K | 87% | -$48K |
The most premium, $4.4M, is aimed at the 18 Dec 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | AXON 18 Dec 2026 $520 calls | Trade | 100 | 54 | $308K | At bid | Bearish | High conviction |
| 25 Sep 2026 | AXON 18 Dec 2026 $600 calls | Trade | 100 | 5,445 | $201K | At ask | Bullish | Notable |
| 25 Sep 2026 | AXON 2 Oct 2026 $410 puts | Sweep | 304 | 44 | $131K | At bid | Bullish | High conviction |
| 25 Sep 2026 | AXON 18 Dec 2026 $450 puts | Trade | 20 | 195 | $124K | At bid | Bullish | |
| 25 Sep 2026 | AXON 20 Nov 2026 $450 puts | Trade | 20 | 31 | $110K | At ask | Bearish | Notable |
Every print in AXON with its full detail, the live tape, one tap filters and saved screeners: open AXON in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open AXON in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 10 firms, have a median of $694, 61.4% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Axon Enterprise, Inc.
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Defense
- Headquarters
- SCOTTSDALE, Arizona
- Website
- axon.com
Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.
In the same sector
Flow pages for other Industrials names in the S&P 500:
CAT Caterpillar Inc.GE General Electric Co.GEV GE Vernova Inc.RTX RTX Corp.DE Deere & Co.ETN Eaton Corp. plcUNP Union Pacific Corp.BA Boeing Co.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for AXON with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open AXON in Options Sentiment Screener