Real Estate

Extra Space Storage Inc (EXR) options and signal

Figures as of 28 Sep 2026

EXR is Extra Space Storage Inc, a Real Estate 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.

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans

At a glance

Figure	Value	Date
IV rank	43 of 100	28 Sep
At the money IV	25.7%	28 Sep
Priced move to 16 Oct	7.1% down, 5.4% up	28 Sep
Call wall and put wall	150 and 130	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	131.68	28 Sep
Next report	28 Oct 2026	28 Sep

Options Snapshot

EXR's IV rank is 43 of 100 on 28 Sep 2026.

Figure	Value
IV rank	43 of 100
At the money IV	25.7%, near month, 18 days
Put/call ratio, open interest	1.26
Call open interest, strikes captured near the price	3,590 contracts
Put open interest, strikes captured near the price	4,540 contracts
Cost to trade at the money	Fair, 26.9% of the option's mid price

IV rank is where the at the money IV sits among EXR'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.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, EXR options priced a move of 7.1 percent down and 5.4 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	7.1%	5.4%	122.35 to 138.73
20 Nov 2026	53	11.0%	12.4%	117.18 to 147.98
18 Dec 2026	81	15.1%	13.1%	111.78 to 148.88
19 Mar 2027	172	18.9%	19.2%	106.78 to 156.98

The range is one standard deviation either side of the close of 131.68, 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, EXR's call wall is the 150 strike and its put wall is the 130 strike.

Figure	Value
Call wall, most open call gamma	150
Put wall, most open put gamma	130
Flip strike, where net gamma changes sign	141.27
Net dollar gamma, calls minus puts	minus $1.35 million
Total dollar gamma, both sides	$3.25 million
Close	131.68

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.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, EXR's at the money IV is 25.7 percent against 20 day realized volatility of 19.1 percent.

Figure	Value
At the money IV	25.7%
Realized volatility, 20 trading days	19.1%
Realized volatility, 60 trading days	20.1%
IV against its own weekly record	In the middle
Weekly readings on record	817, from 8 Jan 2010
Weeks the price moved more than the one week priced move	29.0% of 252 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, EXR's at the money IV runs from 25.7 percent at 18 days to 27.4 percent at 172 days.

Days to expiry	At the money IV
18	25.7%
53	27.6%
81	42.4%
172	27.4%

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, EXR's IV ten percent below the price sits 3.7 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	31.2%	+3.7 points
At the money	27.6%	0.0 points
10% above the price	27.5%	-0.0 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, EXR's surface spans 4 expiries out to 172 days, with IV from 25.3 to 49.8 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	20
Lowest IV among them	25.3%
Highest IV among them	49.8%

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, EXR 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	25.7%	2,147	1,457
20 Nov 2026	53	27.6%	236	1,797
18 Dec 2026	81	42.4%	1,135	1,177
19 Mar 2027	172	27.4%	73	108

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.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, EXR's largest open interest sits at the 150 strike, with 2,014 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
150	2,011	3	2,014
125	1	2,005	2,006
130	1	1,231	1,232
145	596	29	625
120	0	615	615
160	593	2	595

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

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, EXR's at the money IV moved from 24.8 percent to 25.7 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	24.8%	25.7%	+0.9 points
Open interest, strikes captured near the price	7,998	8,130	+132
Put/call ratio, open interest	1.29	1.26	-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, 385 EXR option contracts traded, 0.2 times its own recent average.

Figure	Value
Calls traded	134
Puts traded	251
Against its recent average	0.2 times
Busier than	8 of its last 20 trading days
Open interest, whole chain	8,148 contracts
Volume to open interest	0.05
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.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of EXR'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	146.55	$1.28 million	160	150
21 Sep 2026	137.46	minus $168,562	150	130
28 Sep 2026	131.68	minus $1.35 million	150	130

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.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of EXR was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	135.16, the swing high of 10 Sep 2026
Level below the close	130.77, the swing low of 28 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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 EXR sat at the 81st percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	11 of 100	Bearish
20 trading days	15 of 100	Bearish
45 trading days	81 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.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

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

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 of 2
Long	45 day	Bullish	1 of 1

The near timeframes and the long ones were on opposite sides, and the desk states both.

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 EXR had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	81 of 100
24 Sep 2026	None	89 of 100
23 Sep 2026	None	82 of 100
22 Sep 2026	None	92 of 100
21 Sep 2026	None	70 of 100
18 Sep 2026	None	78 of 100
17 Sep 2026	None	80 of 100
16 Sep 2026	None	80 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, 11 of 41 Real Estate names were bullish and 17 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Real Estate	41	11	17	13

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

EXR closed at 131.68 on 28 Sep 2026.

Figure	Value
Last close	131.68
Change over 5 trading days	-4.2%
Change over 21 trading days	-7.8%
Change over 63 trading days	-11.2%
Change over 252 trading days	-4.4%
52 week high	158.88
52 week low	125.71
20 day moving average	137.13
50 day moving average	143.32
200 day moving average	141.75
RSI, 14 days	32

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.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

EXR reports next on 28 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	28 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 28 Jul 2026	+0.4%
Move after the report of 30 Apr 2026	-0.9%
Move after the report of 28 Jan 2026	+1.2%
Move after the report of 29 Apr 2025	+3.6%

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Short Volume

On 25 Sep 2026, 44.6 percent of EXR's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	44.6%
Five day average	42.7%
52 week median	51.1%

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.

Open Short Volume in RingMaster The Short Volume guide

Seasonality

In the 21 Septembers on record, EXR's average change was minus 1.3 percent, and it rose in 42.9 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.3%	-1.4%	42.9%	21
October	+0.6%	+2.1%	63.6%	22
November	+0.7%	+0.8%	54.5%	22

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.

Open Seasonality in RingMaster The Seasonality guide

Questions

What is EXR's IV rank?: EXR's IV rank is 43 of 100 on 28 Sep 2026.
What move are EXR options pricing?: On 28 Sep 2026, EXR options priced a move of 7.1 percent down and 5.4 percent up by 16 Oct 2026.
Where are EXR's call wall and put wall?: On 28 Sep 2026, EXR's call wall is the 150 strike and its put wall is the 130 strike.
What was the desk's latest view of EXR on the Free plan?: On 25 Sep 2026 the desk's view of EXR was bullish, paper trading.
When does EXR report earnings next?: EXR reports next on 28 Oct 2026, a date worked out from past quarters.

More Real Estate names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans