Unclassified

BCE options and signal

Figures as of 28 Sep 2026

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
Priced move to 16 Oct	5.8% down, 5.8% up	28 Sep
Call wall and put wall	Both 25	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	20.56	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

BCE's at the money implied volatility is 26.4 percent on 28 Sep 2026.

Figure	Value
IV rank	Not stated, 0 weeks of record
At the money IV	26.4%, near month, 18 days
Put/call ratio, open interest	0.25
Call open interest, strikes captured near the price	13,100 contracts
Put open interest, strikes captured near the price	3,340 contracts

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, BCE options priced a move of 5.8 percent down and 5.8 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	5.8%	5.8%	19.36 to 21.76
20 Nov 2026	53	9.8%	9.0%	18.55 to 22.42
18 Dec 2026	81	11.7%	41.9%	18.15 to 29.17
15 Jan 2027	109	38.0%	30.8%	12.74 to 26.89
19 Mar 2027	172	18.3%	19.8%	16.79 to 24.64

The range is one standard deviation either side of the close of 20.56, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

Thin quote at that expiry; its neighbours' reading stands in.

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, BCE's call wall and put wall are both at the 25 strike.

Figure	Value
Call wall, most open call gamma	25
Put wall, most open put gamma	25
Net dollar gamma, calls minus puts	$192,921
Total dollar gamma, both sides	$394,729
Close	20.56

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 2 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, BCE's at the money IV is 26.4 percent against 20 day realized volatility of 16.1 percent.

Figure	Value
At the money IV	26.4%
Realized volatility, 20 trading days	16.1%
Realized volatility, 60 trading days	21.7%

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, BCE's at the money IV runs from 26.4 percent at 18 days to 28.9 percent at 172 days.

Days to expiry	At the money IV
18	26.4%
53	23.7%
81	28.0%
109	56.3%
172	28.9%

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 Surface

On 28 Sep 2026, BCE's surface spans 5 expiries out to 172 days, with IV from 22.2 to 79.9 percent near the price.

Figure	Value
Expiries captured	5
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	17
Lowest IV among them	22.2%
Highest IV among them	79.9%

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, BCE has 5 captured expiries, from 16 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	26.4%	323	216
20 Nov 2026	53	23.7%	277	87
18 Dec 2026	81	28.0%	1,162	658
15 Jan 2027	109	56.3%	11,267	2,280
19 Mar 2027	172	28.9%	78	98

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, BCE's largest open interest sits at the 25 strike, with 7,448 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
25	6,128	1,320	7,448
28	1,673	181	1,854
30	1,746	0	1,746
23	881	244	1,125
20	419	427	846
33	794	0	794

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

Open Strike Table in RingMaster The Strike Table guide

Changed Hands

On 28 Sep 2026, 986 BCE option contracts traded.

Figure	Value
Calls traded	615
Puts traded	371
Open interest, whole chain	16,845 contracts
Volume to open interest	0.06
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

Read-out

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

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	23.03, the swing high of 10 Sep 2026
Level below the close	20.46, the swing low of 28 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Bull call spread (buy a call spread)
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 BCE sat at the 72nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	31 of 100	Neutral
20 trading days	44 of 100	Neutral
45 trading days	72 of 100	Neutral

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 BCE's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 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 BCE had carried no signal for 1 trading day, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	72 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, 4 of 6 Unclassified names were bullish and 1 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Unclassified	6	4	1	1

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

BCE closed at 20.56 on 28 Sep 2026.

Figure	Value
Last close	20.56
Change over 5 trading days	-6.5%
Change over 21 trading days	-12.1%
Change over 63 trading days	-7.6%
Change over 252 trading days	-10.8%
52 week high	26.52
52 week low	20.46
20 day moving average	22.64
50 day moving average	22.64
200 day moving average	23.85
RSI, 14 days	19

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

BCE reports next on 5 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	5 Nov 2026, before the open
Date	Worked out from past quarters
Move after the report of 6 Aug 2026	+3.2%
Move after the report of 7 May 2026	+1.4%
Move after the report of 5 Feb 2026	-2.9%
Move after the report of 6 Nov 2025	+3.5%

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Seasonality

In the 36 Septembers on record, BCE's average change was minus 1.0 percent, and it rose in 47.2 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.0%	-0.6%	47.2%	36
October	+2.2%	+2.4%	58.3%	36
November	+0.3%	+1.4%	58.3%	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 BCE's IV rank?: BCE's at the money implied volatility is 26.4 percent on 28 Sep 2026.
What move are BCE options pricing?: On 28 Sep 2026, BCE options priced a move of 5.8 percent down and 5.8 percent up by 16 Oct 2026.
Where are BCE's call wall and put wall?: On 28 Sep 2026, BCE's call wall and put wall are both at the 25 strike.
What was the desk's latest view of BCE on the Free plan?: On 25 Sep 2026 the desk's view of BCE was bullish, paper trading.
When does BCE report earnings next?: BCE reports next on 5 Nov 2026, a date worked out from past quarters.

More Unclassified 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