Industrials

Cintas Corp (CTAS) options and signal

Figures as of 28 Sep 2026

CTAS is Cintas Corp, 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	81 of 100	28 Sep
At the money IV	29.2%	28 Sep
Priced move to 30 Oct	8.1% down, 8.9% up	28 Sep
Call wall and put wall	200 and 180	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	200.58	28 Sep
Next report	17 Dec 2026	28 Sep

Options Snapshot

CTAS's IV rank is 81 of 100 on 28 Sep 2026.

Figure	Value
IV rank	81 of 100
At the money IV	29.2%, near month, 32 days
Put/call ratio, open interest	0.67
Call open interest, strikes captured near the price	12,300 contracts
Put open interest, strikes captured near the price	8,220 contracts
Cost to trade at the money	Fair, 38.6% of the option's mid price

IV rank is where the at the money IV sits among CTAS'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, CTAS options priced a move of 8.1 percent down and 8.9 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.4%	3.2%	189.68 to 207.02
9 Oct 2026	11	5.4%	5.3%	189.68 to 211.18
23 Oct 2026	25	7.8%	7.1%	184.88 to 214.78
30 Oct 2026	32	8.1%	8.9%	184.38 to 218.38
18 Dec 2026	81	14.2%	13.9%	172.18 to 228.38
15 Jan 2027	109	15.6%	15.9%	169.38 to 232.48
19 Mar 2027	172	18.8%	20.3%	162.78 to 241.38

The range is one standard deviation either side of the close of 200.58, 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, CTAS's call wall is the 200 strike and its put wall is the 180 strike.

Figure	Value
Call wall, most open call gamma	200
Put wall, most open put gamma	180
Net dollar gamma, calls minus puts	$2.34 million
Total dollar gamma, both sides	$10.69 million
Close	200.58

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 5 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, CTAS's at the money IV is 29.2 percent against 20 day realized volatility of 21.0 percent.

Figure	Value
At the money IV	29.2%
Realized volatility, 20 trading days	21.0%
Realized volatility, 60 trading days	26.9%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	864, from 8 Jan 2010
Weeks the price moved more than the one week priced move	23.5% of 251 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, CTAS's at the money IV runs from 29.4 percent at 4 days to 29.2 percent at 172 days.

Days to expiry	At the money IV
4	29.4%
11	28.5%
18	27.0%
25	29.2%
53	26.4%
81	29.2%
109	27.6%
172	29.2%

Near and far expiries price about the same volatility, a flat 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 32 day expiry, CTAS's IV ten percent below the price sits 4.5 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	33.7%	+4.5 points
At the money	29.2%	0.0 points
10% above the price	28.6%	-0.6 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, CTAS's surface spans 10 expiries out to 172 days, with IV from 25.0 to 56.6 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	75
Lowest IV among them	25.0%
Highest IV among them	56.6%

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, CTAS has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	29.4%	352	403
9 Oct 2026	11	28.5%	101	106
16 Oct 2026	18	27.0%	1,315	766
23 Oct 2026	25	29.2%	116	61
30 Oct 2026	32	29.2%	55	277
20 Nov 2026	53	26.4%	1,481	2,645
18 Dec 2026	81	29.2%	5,682	1,110
15 Jan 2027	109	27.6%	2,040	2,191
19 Feb 2027	144	28.7%	89	89
19 Mar 2027	172	29.2%	1,070	573

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, CTAS's largest open interest sits at the 210 strike, with 3,311 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
210	3,143	168	3,311
200	2,375	906	3,281
175	2,107	818	2,925
180	231	2,111	2,342
195	422	978	1,400
185	159	741	900

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, CTAS's at the money IV moved from 27.4 percent to 29.2 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	27.4%	29.2%	+1.8 points
Open interest, strikes captured near the price	20,512	20,522	+10
Put/call ratio, open interest	0.68	0.67	-0.01

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, 3,426 CTAS option contracts traded, 0.6 times its own recent average.

Figure	Value
Calls traded	1,585
Puts traded	1,841
Against its recent average	0.6 times
Busier than	9 of its last 20 trading days
Open interest, whole chain	23,382 contracts
Volume to open interest	0.15
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 CTAS'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	205.28	$4.12 million	210	200
21 Sep 2026	196.88	$572,239	210	180
28 Sep 2026	200.58	$2.34 million	200	180

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 CTAS was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	201.38, the swing high of 8 Sep 2026
Level below the close	197.29, the swing low of 9 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.

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Rank by Timeframe

On 25 Sep 2026 CTAS sat at the 27th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	35 of 100	Neutral
20 trading days	29 of 100	Neutral
45 trading days	27 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 CTAS'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.

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Signal History

On 25 Sep 2026 CTAS had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	27 of 100
24 Sep 2026	None	20 of 100
23 Sep 2026	None	31 of 100
22 Sep 2026	None	19 of 100
21 Sep 2026	None	8 of 100
18 Sep 2026	None	12 of 100
17 Sep 2026	None	23 of 100
16 Sep 2026	None	17 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, 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

CTAS closed at 200.58 on 28 Sep 2026.

Figure	Value
Last close	200.58
Change over 5 trading days	+1.9%
Change over 21 trading days	-1.7%
Change over 63 trading days	+18.6%
Change over 252 trading days	-0.7%
52 week high	219.17
52 week low	161.16
20 day moving average	199.16
50 day moving average	202.19
200 day moving average	187.93
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

CTAS reports next on 17 Dec 2026, a date worked out from past quarters.

Figure	Value
Next report	17 Dec 2026
Date	Worked out from past quarters

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

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Company Events

CTAS filed 1 current report in the 14 days to 28 Sep 2026, the latest on 23 Sep 2026.

Filed	Report	What it covers
23 Sep 2026	Current report	Results of Operations and Financial Condition

Filings as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 69.4 percent of CTAS's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	69.4%
Five day average	65.7%
52 week median	51.2%
Short interest, share of shares outstanding	2.8% at the 15 Sep 2026 settlement
Days to cover	6.5

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 36 Septembers on record, CTAS's average change was plus 1.6 percent, and it rose in 55.6 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.6%	+1.4%	55.6%	36
October	+1.2%	+1.2%	58.3%	36
November	+2.9%	+3.1%	69.4%	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 3 headlines naming CTAS in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	3
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 CTAS's IV rank?: CTAS's IV rank is 81 of 100 on 28 Sep 2026.
What move are CTAS options pricing?: On 28 Sep 2026, CTAS options priced a move of 8.1 percent down and 8.9 percent up by 30 Oct 2026.
Where are CTAS's call wall and put wall?: On 28 Sep 2026, CTAS's call wall is the 200 strike and its put wall is the 180 strike.
What was the desk's latest view of CTAS on the Free plan?: On 25 Sep 2026 the desk's view of CTAS was neutral, paper trading.
When does CTAS report earnings next?: CTAS reports next on 17 Dec 2026, a date worked out from past quarters.

More Industrials names

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