Financials

Barclays PLC (BCS) options and signal

Figures as of 28 Sep 2026

BCS is Barclays PLC, 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
Trade Card	Bullish signal	25 Sep
Priced move to 16 Oct	8.3% down, 7.2% up	28 Sep
Call wall and put wall	25 and 24	28 Sep
Signal and the desk's view	Bullish signal, view bullish	25 Sep
Last close	24.61	28 Sep
Next report	22 Oct 2026	28 Sep

Trade Cards

On 25 Sep 2026 BCS's Trade Card carried a bullish signal over 45 trading days, paper trading.

Figure	Value
Signal	Bullish over 45 trading days
Hold ends	30 Nov 2026
Option strategy	None priced on that trading day's card

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Options Snapshot

BCS's at the money implied volatility is 32.1 percent on 28 Sep 2026.

Figure	Value
IV rank	Not stated, 0 weeks of record
At the money IV	32.1%, near month, 18 days
Put/call ratio, open interest	0.98
Call open interest, strikes captured near the price	17,800 contracts
Put open interest, strikes captured near the price	17,500 contracts
Cost to trade at the money	Wide, 46.6% of the option's mid price

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, BCS options priced a move of 8.3 percent down and 7.2 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	8.3%	7.2%	22.56 to 26.39
20 Nov 2026	53	13.1%	13.1%	21.38 to 27.83
18 Dec 2026	81	15.9%	16.3%	20.69 to 28.62
15 Jan 2027	109	17.6%	17.6%	20.27 to 28.95
19 Mar 2027	172	23.9%	23.6%	18.74 to 30.41

The range is one standard deviation either side of the close of 24.61, 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, BCS's call wall is the 25 strike and its put wall is the 24 strike.

Figure	Value
Call wall, most open call gamma	25
Put wall, most open put gamma	24
Net dollar gamma, calls minus puts	minus $152,260
Total dollar gamma, both sides	$1.82 million
Close	24.61

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, BCS's at the money IV is 32.1 percent against 20 day realized volatility of 26.6 percent.

Figure	Value
At the money IV	32.1%
Realized volatility, 20 trading days	26.6%
Realized volatility, 60 trading days	30.4%

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.

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Volatility Weather

On 28 Sep 2026, BCS's at the money IV runs from 32.1 percent at 18 days to 34.5 percent at 172 days.

Days to expiry	At the money IV
18	32.1%
53	34.4%
81	32.7%
109	32.3%
172	34.5%

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.

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Volatility Surface

On 28 Sep 2026, BCS's surface spans 5 expiries out to 172 days, with IV from 30.9 to 96.1 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	20
Lowest IV among them	30.9%
Highest IV among them	96.1%

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, BCS 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	32.1%	5,997	3,122
20 Nov 2026	53	34.4%	725	44
18 Dec 2026	81	32.7%	2,222	4,580
15 Jan 2027	109	32.3%	7,040	8,522
19 Mar 2027	172	34.5%	1,781	1,236

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, BCS's largest open interest sits at the 22 strike, with 7,074 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
22	1,377	5,697	7,074
20	2,073	2,368	4,441
25	2,396	1,372	3,768
27	1,239	1,662	2,901
29	2,714	148	2,862
26	1,755	1,034	2,789

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

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Changed Hands

On 28 Sep 2026, 6,341 BCS option contracts traded.

Figure	Value
Calls traded	4,994
Puts traded	1,347
Open interest, whole chain	49,122 contracts
Volume to open interest	0.13
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.

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Positioning Replay

The replay holds 9 trading days of BCS'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	27.84	$3.28 million	28	28
14 Aug 2026	28.14	$5 million	28	28
28 Sep 2026	24.61	minus $152,260	25	24

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 BCS was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, signal on
Level above the close	24.73, the swing high of 18 Sep 2026
Level below the close	24.14, the swing low of 24 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.

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Rank by Timeframe

On 25 Sep 2026 BCS sat at the 97th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	83 of 100	Bullish
20 trading days	93 of 100	Bullish
45 trading days	97 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.

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Timeframe Agreement

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

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	2 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 BCS's bullish signal began that trading day, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	Bullish	97 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

BCS closed at 24.61 on 28 Sep 2026.

Figure	Value
Last close	24.61
Change over 5 trading days	-2.7%
Change over 21 trading days	-8.4%
Change over 63 trading days	-8.4%
Change over 252 trading days	+21.2%
52 week high	28.69
52 week low	19.29
20 day moving average	25.73
50 day moving average	26.82
200 day moving average	25.14
RSI, 14 days	37

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

BCS reports next on 22 Oct 2026, and options priced an earnings move of 10.0 percent through 20 Nov 2026.

Figure	Value
Next report	22 Oct 2026, before the open
Date	Confirmed by the company
Priced earnings move	10.0%, a straddle of $2.45 at the 25 strike, expiring 20 Nov 2026
Move after the report of 28 Jul 2026	-5.5%
Move after the report of 28 Apr 2026	-0.4%
Move after the report of 10 Feb 2026	-2.1%
Move after the report of 22 Oct 2025	+4.4%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

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

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Seasonality

In the 36 Septembers on record, BCS's average change was minus 1.1 percent, and it rose in 55.6 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.1%	+0.5%	55.6%	36
October	+2.5%	+4.0%	63.9%	36
November	+2.6%	+2.6%	63.9%	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 5 headlines naming BCS in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	5
Latest	28 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 BCS's IV rank?: BCS's at the money implied volatility is 32.1 percent on 28 Sep 2026.
What move are BCS options pricing?: On 28 Sep 2026, BCS options priced a move of 8.3 percent down and 7.2 percent up by 16 Oct 2026.
Where are BCS's call wall and put wall?: On 28 Sep 2026, BCS's call wall is the 25 strike and its put wall is the 24 strike.
What was the model's latest signal for BCS on the Free plan?: On 25 Sep 2026 BCS's Trade Card carried a bullish signal over 45 trading days, paper trading.
When does BCS report earnings next?: BCS reports next on 22 Oct 2026, and options priced an earnings move of 10.0 percent through 20 Nov 2026.

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