Materials

Agnico Eagle Mines Limited (AEM) options and signal

Figures as of 28 Sep 2026

AEM is Agnico Eagle Mines Limited, a Materials 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

FigureValueDate
IV rank87 of 10028 Sep
At the money IV47.2%28 Sep
Priced move to 30 Oct14.4% down, 14.7% up28 Sep
Call wall and put wallBoth 18028 Sep
Signal and the desk's viewNo signal, view neutral25 Sep
Last close184.1528 Sep
Next report28 Oct 202628 Sep

Options Snapshot

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

FigureValue
IV rank87 of 100
At the money IV47.2%, near month, 32 days
Put/call ratio, open interest0.76
Call open interest, strikes captured near the price45,600 contracts
Put open interest, strikes captured near the price34,500 contracts
Cost to trade at the moneyTight, 10.7% of the option's mid price

IV rank is where the at the money IV sits among AEM'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, AEM options priced a move of 14.4 percent down and 14.7 percent up by 30 Oct 2026.

ExpiryDaysDownUpRange
2 Oct 202644.8%5.1%175.25 to 193.57
9 Oct 2026117.4%7.8%170.45 to 198.55
23 Oct 20262511.2%12.0%163.55 to 206.25
30 Oct 20263214.4%14.7%157.65 to 211.25
20 Nov 20265316.8%18.5%153.25 to 218.15
18 Dec 20268120.7%22.2%145.95 to 225.05
19 Feb 202714427.4%31.7%133.65 to 242.45

The range is one standard deviation either side of the close of 184.15, 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, AEM's call wall and put wall are both at the 180 strike.

FigureValue
Call wall, most open call gamma180
Put wall, most open put gamma180
Net dollar gamma, calls minus puts$150,345
Total dollar gamma, both sides$21.95 million
Close184.15

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 3 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, AEM's at the money IV is 47.2 percent against 20 day realized volatility of 42.1 percent.

FigureValue
At the money IV47.2%
Realized volatility, 20 trading days42.1%
Realized volatility, 60 trading days50.0%
IV against its own weekly recordHigh, in the top fifth
Weekly readings on record849, from 8 Jan 2010
Weeks the price moved more than the one week priced move33.5% of 236 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 RingMasterThe Volatility History guide

Volatility Weather

On 28 Sep 2026, AEM's at the money IV runs from 49.2 percent at 4 days to 46.6 percent at 144 days.

Days to expiryAt the money IV
449.2%
1144.5%
1845.5%
2542.1%
3945.9%
5346.4%
8147.3%
14446.6%

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 Smile

On 28 Sep 2026, at the 32 day expiry, AEM's IV ten percent below the price sits 0.7 points below at the money IV.

Strike areaImplied volatilityAgainst at the money
10% below the price46.5%-0.7 points
At the money47.2%0.0 points
10% above the price48.3%+1.1 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, AEM's surface spans 10 expiries out to 144 days, with IV from 42.1 to 52.5 percent near the price.

FigureValue
Expiries captured10
Nearest expiry2 Oct 2026, 4 days
Farthest expiry19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more74
Lowest IV among them42.1%
Highest IV among them52.5%

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, AEM has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

ExpiryDaysAt the money IVCall open interestPut open interest
2 Oct 2026449.2%1,0211,087
9 Oct 20261144.5%329358
16 Oct 20261845.5%8,5678,687
23 Oct 20262542.1%364186
30 Oct 20263247.2%672135
6 Nov 20263945.9%612
20 Nov 20265346.4%7,7764,599
18 Dec 20268147.3%6,5816,845
15 Jan 202710945.1%18,35611,500
19 Feb 202714446.6%1,9291,121

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, AEM's largest open interest sits at the 220 strike, with 6,012 contracts across the captured expiries.

StrikeCall open interestPut open interestTotal
2205,6883246,012
1803,1552,6705,825
2003,5311,7865,317
1602,6572,0534,710
2102,9781,5214,499
1701,5552,7274,282

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, AEM's at the money IV moved from 42.2 percent to 47.2 percent.

Figure25 Sep28 SepChange
At the money IV42.2%47.2%+5.0 points
Open interest, strikes captured near the price82,60780,131-2,476
Put/call ratio, open interest0.690.76+0.07

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 RingMasterThe Since Yesterday guide

Changed Hands

On 28 Sep 2026, 12,078 AEM option contracts traded, 1.5 times its own recent average.

FigureValue
Calls traded7,662
Puts traded4,416
Against its recent average1.5 times
Busier than15 of its last 20 trading days
Open interest, whole chain116,023 contracts
Volume to open interest0.10
Unusual volume flagNo

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 AEM's option positioning, from 11 Aug 2026 to 28 Sep 2026.

DateCloseNet dollar gammaTop call strikeTop put strike
11 Aug 2026181.75$9.39 million200170
21 Sep 2026197.48$2.48 million220200
28 Sep 2026184.15$150,345180180

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 AEM was neutral, paper trading.

FigureValue
SideNeutral at 45 trading days, no signal
Level above the close192.70, the swing high of 16 Sep 2026
Level below the close134.38, the swing low of 17 Jul 2026
Strategy familyIron condor (sell both sides, defined risk)
Price targetNone. 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.

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Rank by Timeframe

On 25 Sep 2026 AEM sat at the 30th percentile of the model's 45 trading day ranking, paper trading.

TimeframePercentileSide
10 trading days88 of 100Bullish
20 trading days83 of 100Bullish
45 trading days30 of 100Neutral

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 RingMasterThe Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026 AEM's near timeframes were bullish and its long timeframe was neutral, paper trading.

GroupTimeframesSideOn that side
Near10 day, 20 dayBullish2 of 2
Long45 dayNeutral0 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 RingMasterThe Timeframe Agreement guide

Signal History

On 25 Sep 2026 AEM had carried no signal for at least 18 trading days, paper trading.

Trading daySignal45 day percentile
25 Sep 2026None30 of 100
24 Sep 2026None37 of 100
23 Sep 2026None25 of 100
22 Sep 2026None24 of 100
21 Sep 2026None41 of 100
18 Sep 2026None31 of 100
17 Sep 2026None23 of 100
16 Sep 2026None18 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 RingMasterThe Signal History guide

Sector Split

On 25 Sep 2026, 35 of 62 Materials names were bullish and 11 were bearish, paper trading.

SectorNamesBullishBearishNeutral
Materials62351116

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

AEM closed at 184.15 on 28 Sep 2026.

FigureValue
Last close184.15
Change over 5 trading days-6.8%
Change over 21 trading days-14.5%
Change over 63 trading days+19.8%
Change over 252 trading days+15.2%
52 week high255.24
52 week low134.38
20 day moving average198.33
50 day moving average184.50
200 day moving average188.77
RSI, 14 days41

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

AEM reports next on 28 Oct 2026, a date confirmed by the company.

FigureValue
Next report28 Oct 2026, after the close
DateConfirmed by the company
Move after the report of 29 Jul 2026+4.4%
Move after the report of 30 Apr 2026-2.5%
Move after the report of 12 Feb 2026+5.5%
Move after the report of 29 Oct 2025+3.7%

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

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Seasonality

In the 36 Septembers on record, AEM's average change was plus 1.5 percent, and it rose in 47.2 percent of them.

MonthAverage changeMiddle changeShare of years upYears
September+1.5%0.0%47.2%36
October-3.6%-2.2%44.4%36
November+0.6%-1.5%41.7%36

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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Headlines

The desk's news feeds carried 3 headlines naming AEM in the 3 days to 28 Sep 2026.

FigureValue
Headlines in the window3
Latest28 Sep 2026

The titles are in the Headlines window, with the time each was published.

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

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Questions

What is AEM's IV rank?
AEM's IV rank is 87 of 100 on 28 Sep 2026.
What move are AEM options pricing?
On 28 Sep 2026, AEM options priced a move of 14.4 percent down and 14.7 percent up by 30 Oct 2026.
Where are AEM's call wall and put wall?
On 28 Sep 2026, AEM's call wall and put wall are both at the 180 strike.
What was the desk's latest view of AEM on the Free plan?
On 25 Sep 2026 the desk's view of AEM was neutral, paper trading.
When does AEM report earnings next?
AEM reports next on 28 Oct 2026, a date confirmed by the company.

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