Industrials

CNH Industrial N.V. (CNH) options and signal

Figures as of 28 Sep 2026

CNH is CNH Industrial N.V., an Industrials 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	26 of 100	28 Sep
At the money IV	46.3%	28 Sep
Priced move to 16 Oct	9.3% down, 10.3% up	28 Sep
Call wall and put wall	15 and 12.5	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	13.26	28 Sep
Next report	9 Nov 2026	28 Sep

Options Snapshot

CNH's IV rank is 26 of 100 on 28 Sep 2026.

Figure	Value
IV rank	26 of 100
At the money IV	46.3%, near month, 18 days
Put/call ratio, open interest	0.13
Call open interest, strikes captured near the price	46,400 contracts
Put open interest, strikes captured near the price	6,090 contracts
Cost to trade at the money	Fair, 22.0% of the option's mid price

IV rank is where the at the money IV sits among CNH'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, CNH options priced a move of 9.3 percent down and 10.3 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	9.3%	10.3%	12.03 to 14.62
20 Nov 2026	53	22.0%	21.9%	10.34 to 16.17
18 Dec 2026	81	21.1%	21.3%	10.46 to 16.08
15 Jan 2027	109	23.2%	23.4%	10.19 to 16.36
19 Mar 2027	172	30.2%	30.7%	9.25 to 17.33

The range is one standard deviation either side of the close of 13.26, 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.

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Gamma Map

On 28 Sep 2026, CNH's call wall is the 15 strike and its put wall is the 12.5 strike.

Figure	Value
Call wall, most open call gamma	15
Put wall, most open put gamma	12.5
Flip strike, where net gamma changes sign	10.64
Net dollar gamma, calls minus puts	$842,930
Total dollar gamma, both sides	$1.02 million
Close	13.26

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, CNH's at the money IV is 46.3 percent against 20 day realized volatility of 51.6 percent.

Figure	Value
At the money IV	46.3%
Realized volatility, 20 trading days	51.6%
Realized volatility, 60 trading days	48.7%
IV against its own weekly record	In the middle
Weekly readings on record	77, from 31 May 2024
Weeks the price moved more than the one week priced move	9.2% of 76 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, CNH's at the money IV runs from 46.3 percent at 18 days to 44.7 percent at 172 days.

Days to expiry	At the money IV
18	46.3%
53	57.5%
81	45.2%
109	42.8%
172	44.7%

Near expiries price more volatility than far ones, an inverted 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, CNH's surface spans 5 expiries out to 172 days, with IV from 44.9 to 56.2 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	5
Lowest IV among them	44.9%
Highest IV among them	56.2%

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, CNH 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	46.3%	728	383
20 Nov 2026	53	57.5%	20	3
18 Dec 2026	81	45.2%	6,674	3,380
15 Jan 2027	109	42.8%	37,567	1,619
19 Mar 2027	172	44.7%	1,417	707

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, CNH's largest open interest sits at the 15 strike, with 38,558 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
15	37,959	599	38,558
12.5	6,154	1,684	7,838
10	606	3,520	4,126
17.5	812	11	823
20	584	0	584
7.5	207	278	485

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, CNH's at the money IV moved from 43.6 percent to 46.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	43.6%	46.3%	+2.7 points
Open interest, strikes captured near the price	52,513	52,498	-15
Put/call ratio, open interest	0.13	0.13	+0.00

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, 1,270 CNH option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	179
Puts traded	1,091
Against its recent average	0.8 times
Busier than	5 of its last 20 trading days
Open interest, whole chain	52,879 contracts
Volume to open interest	0.02
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 30 trading days of CNH'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	10.63	$48,839	12.5	10
21 Sep 2026	13.48	$838,548	15	12.5
28 Sep 2026	13.26	$842,930	15	12.5

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 CNH was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	13.28, the swing high of 14 Sep 2026, a close past it runs against the view
Level below the close	11.34, the swing low of 28 Aug 2026
The chart	Sits against the view
Strategy family	Bear put spread (buy a put 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 CNH sat at the 18th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	44 of 100	Neutral
20 trading days	73 of 100	Neutral
45 trading days	18 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.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put CNH on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 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 CNH had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	18 of 100
24 Sep 2026	None	31 of 100
23 Sep 2026	None	17 of 100
22 Sep 2026	None	34 of 100
21 Sep 2026	None	8 of 100
18 Sep 2026	None	6 of 100
17 Sep 2026	None	6 of 100
16 Sep 2026	None	24 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, 51 of 147 Industrials names were bullish and 37 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Industrials	147	51	37	59

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

CNH closed at 13.26 on 28 Sep 2026.

Figure	Value
Last close	13.26
Change over 5 trading days	-1.6%
Change over 21 trading days	+16.0%
Change over 63 trading days	+16.4%
Change over 252 trading days	+22.8%
52 week high	14.46
52 week low	9.00
20 day moving average	13.48
50 day moving average	11.91
200 day moving average	11.05
RSI, 14 days	55

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

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

Figure	Value
Next report	9 Nov 2026, before the open
Date	Confirmed by the company
Move after the report of 3 Aug 2026	+5.4%
Move after the report of 30 Apr 2026	-2.1%
Move after the report of 28 Jan 2026	+0.8%
Move after the report of 28 Oct 2025	+0.2%

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

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Seasonality

In the 12 Septembers on record, CNH's average change was minus 3.5 percent, and it rose in 33.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-3.5%	-1.2%	33.3%	12
October	+1.8%	+2.9%	66.7%	12
November	+4.8%	-1.5%	46.2%	13

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 CNH's IV rank?: CNH's IV rank is 26 of 100 on 28 Sep 2026.
What move are CNH options pricing?: On 28 Sep 2026, CNH options priced a move of 9.3 percent down and 10.3 percent up by 16 Oct 2026.
Where are CNH's call wall and put wall?: On 28 Sep 2026, CNH's call wall is the 15 strike and its put wall is the 12.5 strike.
What was the desk's latest view of CNH on the Free plan?: On 25 Sep 2026 the desk's view of CNH was bearish, paper trading.
When does CNH report earnings next?: CNH reports next on 9 Nov 2026, a date confirmed by the company.

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