Financials

The Bank of Nova Scotia (BNS) options and signal

Figures as of 28 Sep 2026

BNS is The Bank of Nova Scotia, 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	60 of 100	28 Sep
At the money IV	22.9%	28 Sep
Priced move to 16 Oct	5.7% down, 4.7% up	28 Sep
Call wall and put wall	95 and 92.5	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	92.75	28 Sep
Next report	2 Dec 2026	28 Sep

Options Snapshot

BNS's IV rank is 60 of 100 on 28 Sep 2026.

Figure	Value
IV rank	60 of 100
At the money IV	22.9%, near month, 18 days
Put/call ratio, open interest	0.93
Call open interest, strikes captured near the price	8,370 contracts
Put open interest, strikes captured near the price	7,810 contracts
Cost to trade at the money	Fair, 35.6% of the option's mid price

IV rank is where the at the money IV sits among BNS'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, BNS options priced a move of 5.7 percent down and 4.7 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	5.7%	4.7%	87.42 to 97.07
20 Nov 2026	53	8.9%	8.1%	84.53 to 100.30
18 Dec 2026	81	12.6%	12.1%	81.05 to 103.95
19 Mar 2027	172	17.5%	16.8%	76.55 to 108.35

The range is one standard deviation either side of the close of 92.75, 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, BNS's call wall is the 95 strike and its put wall is the 92.5 strike.

Figure	Value
Call wall, most open call gamma	95
Put wall, most open put gamma	92.5
Net dollar gamma, calls minus puts	$909,678
Total dollar gamma, both sides	$4.88 million
Close	92.75

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.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, BNS's at the money IV is 22.9 percent against 20 day realized volatility of 18.1 percent.

Figure	Value
At the money IV	22.9%
Realized volatility, 20 trading days	18.1%
Realized volatility, 60 trading days	24.0%
IV against its own weekly record	In the middle
Weekly readings on record	729, from 8 Jan 2010
Weeks the price moved more than the one week priced move	26.4% of 227 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, BNS's at the money IV runs from 22.9 percent at 18 days to 26.0 percent at 172 days.

Days to expiry	At the money IV
18	22.9%
53	25.1%
81	26.1%
172	26.0%

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, BNS's IV ten percent below the price sits 11.9 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	36.9%	+11.9 points
At the money	25.1%	0.0 points
10% above the price	25.9%	+0.8 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, BNS's surface spans 4 expiries out to 172 days, with IV from 21.0 to 39.8 percent near the price.

Figure	Value
Expiries captured	4
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	28
Lowest IV among them	21.0%
Highest IV among them	39.8%

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, BNS has 4 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	22.9%	1,684	1,211
20 Nov 2026	53	25.1%	3,341	2,312
18 Dec 2026	81	26.1%	2,602	4,205
19 Mar 2027	172	26.0%	740	86

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, BNS's largest open interest sits at the 92.5 strike, with 2,800 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
92.5	1,470	1,330	2,800
95	1,857	605	2,462
72.5	25	2,360	2,385
97.5	1,165	962	2,127
80	1,380	271	1,651
90	793	480	1,273

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, BNS's at the money IV moved from 24.2 percent to 22.9 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	24.2%	22.9%	-1.3 points
Open interest, strikes captured near the price	15,965	16,181	+216
Put/call ratio, open interest	0.91	0.93	+0.02

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, 1,444 BNS option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	290
Puts traded	1,154
Against its recent average	0.8 times
Busier than	9 of its last 20 trading days
Open interest, whole chain	17,142 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.

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Positioning Replay

The replay holds 33 trading days of BNS'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	88.86	$1.1 million	85	87.5
21 Sep 2026	95.35	$1.16 million	95	97.5
28 Sep 2026	92.75	$909,678	95	92.5

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 BNS was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	94.02, the swing high of 11 Sep 2026
Level below the close	91.79, the swing low of 16 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
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 BNS sat at the 48th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	82 of 100	Bullish
20 trading days	53 of 100	Neutral
45 trading days	48 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 BNS's near timeframes were bullish and its long timeframe was neutral, paper trading.

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	48 of 100
24 Sep 2026	None	47 of 100
23 Sep 2026	None	54 of 100
22 Sep 2026	None	70 of 100
21 Sep 2026	None	60 of 100
18 Sep 2026	None	49 of 100
17 Sep 2026	None	59 of 100
16 Sep 2026	None	60 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

BNS closed at 92.75 on 28 Sep 2026.

Figure	Value
Last close	92.75
Change over 5 trading days	-2.7%
Change over 21 trading days	-0.2%
Change over 63 trading days	+7.1%
Change over 252 trading days	+44.1%
52 week high	95.74
52 week low	62.98
20 day moving average	93.20
50 day moving average	90.59
200 day moving average	80.16
RSI, 14 days	52

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

BNS reports next on 2 Dec 2026, a date confirmed by the company.

Figure	Value
Next report	2 Dec 2026
Date	Confirmed by the company

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

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Seasonality

In the 24 Septembers on record, BNS's average change was plus 1.2 percent, and it rose in 62.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.2%	+3.1%	62.5%	24
October	-0.2%	+1.1%	66.7%	24
November	+1.8%	+1.3%	58.3%	24

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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Questions

What is BNS's IV rank?: BNS's IV rank is 60 of 100 on 28 Sep 2026.
What move are BNS options pricing?: On 28 Sep 2026, BNS options priced a move of 5.7 percent down and 4.7 percent up by 16 Oct 2026.
Where are BNS's call wall and put wall?: On 28 Sep 2026, BNS's call wall is the 95 strike and its put wall is the 92.5 strike.
What was the desk's latest view of BNS on the Free plan?: On 25 Sep 2026 the desk's view of BNS was neutral, paper trading.
When does BNS report earnings next?: BNS reports next on 2 Dec 2026, a date confirmed by the company.

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