Financials

Credicorp Ltd. (BAP) options and signal

Figures as of 28 Sep 2026

BAP is Credicorp Ltd., 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.

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans

At a glance

Figure	Value	Date
IV rank	91 of 100	28 Sep
At the money IV	39.3%	28 Sep
Priced move to 16 Oct	10.1% down, 8.9% up	28 Sep
Call wall and put wall	350 and 380	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	385.95	28 Sep
Next report	9 Nov 2026	28 Sep

Options Snapshot

BAP's IV rank is 91 of 100 on 28 Sep 2026.

Figure	Value
IV rank	91 of 100
At the money IV	39.3%, near month, 18 days
Put/call ratio, open interest	2.65
Call open interest, strikes captured near the price	131 contracts
Put open interest, strikes captured near the price	347 contracts
Cost to trade at the money	Fair, 19.5% of the option's mid price

IV rank is where the at the money IV sits among BAP'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, BAP options priced a move of 10.1 percent down and 8.9 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	10.1%	8.9%	347.05 to 420.35
20 Nov 2026	53	19.8%	24.0%	309.55 to 478.55
19 Feb 2027	144	22.1%	25.1%	300.65 to 482.85

The range is one standard deviation either side of the close of 385.95, 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, BAP's call wall is the 350 strike and its put wall is the 380 strike.

Figure	Value
Call wall, most open call gamma	350
Put wall, most open put gamma	380
Net dollar gamma, calls minus puts	minus $148,452
Total dollar gamma, both sides	$318,527
Close	385.95

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 5 strikes, so no single flip strike is named.

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, BAP's at the money IV is 39.3 percent against 20 day realized volatility of 19.1 percent.

Figure	Value
At the money IV	39.3%
Realized volatility, 20 trading days	19.1%
Realized volatility, 60 trading days	24.4%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	849, from 8 Jan 2010
Weeks the price moved more than the one week priced move	24.2% 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 RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, BAP's at the money IV runs from 39.3 percent at 18 days to 40.4 percent at 144 days.

Days to expiry	At the money IV
18	39.3%
53	51.9%
144	40.4%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 53 day expiry, BAP's IV ten percent below the price sits 0.2 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	52.2%	+0.2 points
At the money	51.9%	0.0 points
10% above the price	62.7%	+10.8 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, BAP's surface spans 3 expiries out to 144 days, with IV from 35.2 to 62.9 percent near the price.

Figure	Value
Expiries captured	3
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	17
Lowest IV among them	35.2%
Highest IV among them	62.9%

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, BAP has 3 captured expiries, from 16 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	39.3%	4	13
20 Nov 2026	53	51.9%	85	198
19 Feb 2027	144	40.4%	42	136

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, BAP's largest open interest sits at the 380 strike, with 103 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
380	2	101	103
370	0	102	102
350	35	26	61
430	13	38	51
340	8	21	29
390	22	3	25

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, BAP's at the money IV moved from 34.7 percent to 39.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	34.7%	39.3%	+4.6 points
Open interest, strikes captured near the price	468	478	+10
Put/call ratio, open interest	2.66	2.65	-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, 314 BAP option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	77
Puts traded	237
Against its recent average	1.0 times
Busier than	4 of its last 20 trading days
Open interest, whole chain	516 contracts
Volume to open interest	0.61
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 29 trading days of BAP's option positioning, from 18 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
18 Aug 2026	368.44	$3.46 million	350	380
21 Sep 2026	389.97	minus $7,220	390	380
28 Sep 2026	385.95	minus $148,452	350	380

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 BAP was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	387.04, the swing high of 16 Sep 2026, a close past it runs against the view
Level below the close	370.90, the swing low of 10 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above 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 BAP sat at the 12th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	48 of 100	Neutral
20 trading days	10 of 100	Bearish
45 trading days	12 of 100	Bearish

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, 2 of 3 timeframes put BAP on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	1 of 2
Long	45 day	Bearish	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 BAP had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	12 of 100
24 Sep 2026	None	11 of 100
23 Sep 2026	None	18 of 100
22 Sep 2026	None	18 of 100
21 Sep 2026	None	6 of 100
18 Sep 2026	None	8 of 100
17 Sep 2026	None	10 of 100
16 Sep 2026	None	17 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

BAP closed at 385.95 on 28 Sep 2026.

Figure	Value
Last close	385.95
Change over 5 trading days	-1.0%
Change over 21 trading days	+3.4%
Change over 63 trading days	+0.3%
Change over 252 trading days	+46.9%
52 week high	413.25
52 week low	230.45
20 day moving average	380.74
50 day moving average	382.73
200 day moving average	348.71
RSI, 14 days	54

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.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

BAP reports next on 9 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	9 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 12 Aug 2026	+0.8%
Move after the report of 9 May 2026	-2.4%
Move after the report of 8 Feb 2026	+1.0%
Move after the report of 8 Nov 2025	-0.2%

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Seasonality

In the 30 Septembers on record, BAP's average change was minus 0.2 percent, and it rose in 56.7 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.2%	+0.9%	56.7%	30
October	+1.0%	+1.8%	63.3%	30
November	+4.0%	+0.8%	60.0%	30

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 BAP's IV rank?: BAP's IV rank is 91 of 100 on 28 Sep 2026.
What move are BAP options pricing?: On 28 Sep 2026, BAP options priced a move of 10.1 percent down and 8.9 percent up by 16 Oct 2026.
Where are BAP's call wall and put wall?: On 28 Sep 2026, BAP's call wall is the 350 strike and its put wall is the 380 strike.
What was the desk's latest view of BAP on the Free plan?: On 25 Sep 2026 the desk's view of BAP was bearish, paper trading.
When does BAP report earnings next?: BAP reports next on 9 Nov 2026, a date confirmed by the company.

More Financials names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans