Financials

Aflac Inc (AFL) options and signal

Figures as of 28 Sep 2026

AFL is Aflac Inc, a Financials 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	64 of 100	28 Sep
At the money IV	23.1%	28 Sep
Priced move to 30 Oct	7.0% down, 6.0% up	28 Sep
Call wall and put wall	125 and 115	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	113.55	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

AFL's IV rank is 64 of 100 on 28 Sep 2026.

Figure	Value
IV rank	64 of 100
At the money IV	23.1%, near month, 32 days
Put/call ratio, open interest	0.34
Call open interest, strikes captured near the price	27,400 contracts
Put open interest, strikes captured near the price	9,310 contracts
Cost to trade at the money	Wide, 41.8% of the option's mid price

IV rank is where the at the money IV sits among AFL'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.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, AFL options priced a move of 7.0 percent down and 6.0 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	2.8%	2.2%	110.36 to 116.05
9 Oct 2026	11	4.2%	3.4%	108.82 to 117.39
23 Oct 2026	25	6.3%	5.7%	106.35 to 120.01
30 Oct 2026	32	7.0%	6.0%	105.65 to 120.37
18 Dec 2026	81	10.4%	10.1%	101.75 to 125.05
15 Jan 2027	109	11.6%	11.4%	100.35 to 126.45
19 Mar 2027	172	14.6%	15.6%	96.95 to 131.25

The range is one standard deviation either side of the close of 113.55, 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.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, AFL's call wall is the 125 strike and its put wall is the 115 strike.

Figure	Value
Call wall, most open call gamma	125
Put wall, most open put gamma	115
Flip strike, where net gamma changes sign	114.07
Net dollar gamma, calls minus puts	$4.6 million
Total dollar gamma, both sides	$11.21 million
Close	113.55

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.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, AFL's at the money IV is 23.1 percent against 20 day realized volatility of 12.9 percent.

Figure	Value
At the money IV	23.1%
Realized volatility, 20 trading days	12.9%
Realized volatility, 60 trading days	17.2%
IV against its own weekly record	In the middle
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	31.7% 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, AFL's at the money IV runs from 26.8 percent at 4 days to 21.7 percent at 172 days.

Days to expiry	At the money IV
4	26.8%
11	21.1%
18	23.8%
25	24.4%
53	25.1%
81	21.6%
109	21.1%
172	21.7%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Surface

On 28 Sep 2026, AFL's surface spans 10 expiries out to 172 days, with IV from 19.3 to 63.5 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	89
Lowest IV among them	19.3%
Highest IV among them	63.5%

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, AFL has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	26.8%	266	194
9 Oct 2026	11	21.1%	234	77
16 Oct 2026	18	23.8%	3,736	515
23 Oct 2026	25	24.4%	1,022	116
30 Oct 2026	32	23.1%	324	20
20 Nov 2026	53	25.1%	6,033	1,087
18 Dec 2026	81	21.6%	3,415	863
15 Jan 2027	109	21.1%	9,029	3,691
19 Feb 2027	144	22.6%	703	505
19 Mar 2027	172	21.7%	2,622	2,241

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.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, AFL's largest open interest sits at the 125 strike, with 9,981 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
125	9,539	442	9,981
130	5,759	8	5,767
120	3,094	840	3,934
115	1,379	1,707	3,086
105	5	2,947	2,952
135	2,553	0	2,553

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, AFL's at the money IV moved from 25.0 percent to 23.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	25.0%	23.1%	-1.9 points
Open interest, strikes captured near the price	36,325	36,693	+368
Put/call ratio, open interest	0.35	0.34	-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.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 3,847 AFL option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	2,947
Puts traded	900
Against its recent average	1.1 times
Busier than	6 of its last 20 trading days
Open interest, whole chain	46,824 contracts
Volume to open interest	0.08
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.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of AFL'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	121.07	$12.09 million	125	115
21 Sep 2026	115.18	$4.41 million	125	115
28 Sep 2026	113.55	$4.6 million	125	115

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.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of AFL was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	113.60, the swing high of 10 Sep 2026
Level below the close	113.02, the swing low of 25 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Cash-secured put (sell a put below the price)
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 AFL sat at the 84th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	32 of 100	Neutral
20 trading days	54 of 100	Neutral
45 trading days	84 of 100	Bullish

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 RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put AFL on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Bullish	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 AFL had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	84 of 100
24 Sep 2026	None	70 of 100
23 Sep 2026	None	85 of 100
22 Sep 2026	None	85 of 100
21 Sep 2026	None	93 of 100
18 Sep 2026	None	66 of 100
17 Sep 2026	None	77 of 100
16 Sep 2026	None	91 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, 63 of 135 Financials names were bullish and 32 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Financials	135	63	32	40

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

AFL closed at 113.55 on 28 Sep 2026.

Figure	Value
Last close	113.55
Change over 5 trading days	-1.4%
Change over 21 trading days	-2.6%
Change over 63 trading days	-5.4%
Change over 252 trading days	+3.7%
52 week high	130.22
52 week low	105.43
20 day moving average	115.75
50 day moving average	119.74
200 day moving average	114.98
RSI, 14 days	36

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

AFL 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 6 Aug 2026	-1.6%
Move after the report of 29 Apr 2026	-2.2%
Move after the report of 4 Feb 2026	+3.4%
Move after the report of 4 Nov 2025	+2.2%

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Public Filings

Company insiders reported 0 purchases and 3 sales of AFL in the filings the desk holds.

Filed	Who	Trade	Size
23 Sep 2026	Japan Post Holdings Co., Ltd., 10% owner	Sold	3,542 shares, $407,082
23 Sep 2026	Japan Post Holdings Co., Ltd., 10% owner	Sold	9,958 shares, $1.15 million
22 Sep 2026	Japan Post Holdings Co., Ltd., 10% owner	Sold	12,200 shares, $1.4 million

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, 35.8 percent of AFL's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	35.8%
Five day average	36.4%
52 week median	53.8%

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.

Open Short Volume in RingMaster The Short Volume guide

Seasonality

In the 36 Septembers on record, AFL's average change was plus 1.1 percent, and it rose in 58.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.1%	+1.1%	58.3%	36
October	+3.4%	+2.2%	55.6%	36
November	+2.5%	+2.2%	61.1%	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.

Open Seasonality in RingMaster The Seasonality guide

Questions

What is AFL's IV rank?: AFL's IV rank is 64 of 100 on 28 Sep 2026.
What move are AFL options pricing?: On 28 Sep 2026, AFL options priced a move of 7.0 percent down and 6.0 percent up by 30 Oct 2026.
Where are AFL's call wall and put wall?: On 28 Sep 2026, AFL's call wall is the 125 strike and its put wall is the 115 strike.
What was the desk's latest view of AFL on the Free plan?: On 25 Sep 2026 the desk's view of AFL was bullish, paper trading.
When does AFL report earnings next?: AFL reports next on 4 Nov 2026, a date confirmed by the company.

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