Consumer Staples

BJ's Wholesale Club Holdings, Inc. (BJ) options and signal

Figures as of 28 Sep 2026

BJ is BJ's Wholesale Club Holdings, Inc., a Consumer Staples 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	27 of 100	28 Sep
At the money IV	31.6%	28 Sep
Priced move to 16 Oct	12.1% down, 7.4% up	28 Sep
Call wall and put wall	Both 100	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	96.81	28 Sep
Next report	20 Nov 2026	28 Sep

Options Snapshot

BJ's IV rank is 27 of 100 on 28 Sep 2026.

Figure	Value
IV rank	27 of 100
At the money IV	31.6%, near month, 18 days
Put/call ratio, open interest	0.65
Call open interest, strikes captured near the price	7,570 contracts
Put open interest, strikes captured near the price	4,890 contracts
Cost to trade at the money	Fair, 23.3% of the option's mid price

IV rank is where the at the money IV sits among BJ'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, BJ options priced a move of 12.1 percent down and 7.4 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	12.1%	7.4%	85.11 to 103.96
20 Nov 2026	53	16.5%	14.6%	80.81 to 110.91
15 Jan 2027	109	20.1%	21.1%	77.31 to 117.21
19 Feb 2027	144	22.1%	24.2%	75.41 to 120.21

The range is one standard deviation either side of the close of 96.81, 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, BJ's call wall and put wall are both at the 100 strike.

Figure	Value
Call wall, most open call gamma	100
Put wall, most open put gamma	100
Flip strike, where net gamma changes sign	86.04
Net dollar gamma, calls minus puts	$1.02 million
Total dollar gamma, both sides	$2.73 million
Close	96.81

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.

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Volatility History

On 28 Sep 2026, BJ's at the money IV is 31.6 percent against 20 day realized volatility of 30.0 percent.

Figure	Value
At the money IV	31.6%
Realized volatility, 20 trading days	30.0%
Realized volatility, 60 trading days	29.6%
IV against its own weekly record	In the middle
Weekly readings on record	404, from 13 Jul 2018
Weeks the price moved more than the one week priced move	21.2% 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.

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Volatility Weather

On 28 Sep 2026, BJ's at the money IV runs from 31.6 percent at 18 days to 38.1 percent at 144 days.

Days to expiry	At the money IV
18	31.6%
53	38.4%
109	38.4%
144	38.1%

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 Smile

On 28 Sep 2026, at the 53 day expiry, BJ's IV ten percent below the price sits 9.4 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	47.8%	+9.4 points
At the money	38.4%	0.0 points
10% above the price	44.2%	+5.8 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, BJ's surface spans 4 expiries out to 144 days, with IV from 30.0 to 55.1 percent near the price.

Figure	Value
Expiries captured	4
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	16
Lowest IV among them	30.0%
Highest IV among them	55.1%

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, BJ has 4 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	31.6%	2,121	264
20 Nov 2026	53	38.4%	1,520	1,965
15 Jan 2027	109	38.4%	3,589	2,247
19 Feb 2027	144	38.1%	344	416

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, BJ's largest open interest sits at the 100 strike, with 4,694 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
100	3,043	1,651	4,694
90	1,320	314	1,634
95	550	689	1,239
80	34	897	931
110	903	0	903
85	127	399	526

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, BJ's at the money IV moved from 34.8 percent to 31.6 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	34.8%	31.6%	-3.2 points
Open interest, strikes captured near the price	12,196	12,466	+270
Put/call ratio, open interest	0.61	0.65	+0.03

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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Changed Hands

On 28 Sep 2026, 2,236 BJ option contracts traded, 1.8 times its own recent average.

Figure	Value
Calls traded	1,375
Puts traded	861
Against its recent average	1.8 times
Busier than	20 of its last 20 trading days
Open interest, whole chain	13,568 contracts
Volume to open interest	0.16
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 33 trading days of BJ'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	93.96	$209,862	90	100
21 Sep 2026	92.31	$319,305	100	100
28 Sep 2026	96.81	$1.02 million	100	100

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 BJ was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	100.26, the swing high of 29 Jul 2026
Level below the close	96.21, the swing low of 15 Sep 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
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 BJ sat at the 22nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	50 of 100	Neutral
20 trading days	16 of 100	Bearish
45 trading days	22 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.

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Timeframe Agreement

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

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	22 of 100
24 Sep 2026	None	23 of 100
23 Sep 2026	None	44 of 100
22 Sep 2026	None	30 of 100
21 Sep 2026	None	43 of 100
18 Sep 2026	None	21 of 100
17 Sep 2026	None	23 of 100
16 Sep 2026	None	52 of 100

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

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Sector Split

On 25 Sep 2026, 9 of 50 Consumer Staples names were bullish and 22 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Consumer Staples	50	9	22	19

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

BJ closed at 96.81 on 28 Sep 2026.

Figure	Value
Last close	96.81
Change over 5 trading days	+4.9%
Change over 21 trading days	+7.0%
Change over 63 trading days	+8.4%
Change over 252 trading days	+3.2%
52 week high	105.78
52 week low	83.21
20 day moving average	92.26
50 day moving average	93.67
200 day moving average	93.52
RSI, 14 days	60

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

BJ reports next on 20 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	20 Nov 2026
Date	Worked out from past quarters

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

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Seasonality

In the 8 Septembers on record, BJ's average change was minus 2.2 percent, and it rose in 25.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-2.2%	-2.7%	25.0%	8
October	-2.0%	-0.9%	50.0%	8
November	+2.6%	+3.3%	62.5%	8

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 2 headlines naming BJ in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
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 BJ's IV rank?: BJ's IV rank is 27 of 100 on 28 Sep 2026.
What move are BJ options pricing?: On 28 Sep 2026, BJ options priced a move of 12.1 percent down and 7.4 percent up by 16 Oct 2026.
Where are BJ's call wall and put wall?: On 28 Sep 2026, BJ's call wall and put wall are both at the 100 strike.
What was the desk's latest view of BJ on the Free plan?: On 25 Sep 2026 the desk's view of BJ was neutral, paper trading.
When does BJ report earnings next?: BJ reports next on 20 Nov 2026, a date worked out from past quarters.

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