Financials

Fidelity National Financial, Inc. (FNF) options and signal

Figures as of 28 Sep 2026

FNF is Fidelity National Financial, Inc., 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	79 of 100	28 Sep
At the money IV	41.8%	28 Sep
Priced move to 16 Oct	9.5% down, 9.3% up	28 Sep
Call wall and put wall	Both 45	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	41.08	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

FNF's IV rank is 79 of 100 on 28 Sep 2026.

Figure	Value
IV rank	79 of 100
At the money IV	41.8%, near month, 18 days
Put/call ratio, open interest	18.36
Call open interest, strikes captured near the price	1,100 contracts
Put open interest, strikes captured near the price	20,200 contracts
Cost to trade at the money	Wide, 78.8% of the option's mid price

IV rank is where the at the money IV sits among FNF'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, FNF options priced a move of 9.5 percent down and 9.3 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	9.5%	9.3%	37.17 to 44.89
20 Nov 2026	53	16.6%	16.6%	34.26 to 47.91
18 Dec 2026	81	17.3%	17.5%	33.98 to 48.27
19 Mar 2027	172	21.7%	22.1%	32.16 to 50.14

The range is one standard deviation either side of the close of 41.08, 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, FNF's call wall and put wall are both at the 45 strike.

Figure	Value
Call wall, most open call gamma	45
Put wall, most open put gamma	45
Net dollar gamma, calls minus puts	minus $1.42 million
Total dollar gamma, both sides	$1.57 million
Close	41.08

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 2 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, FNF's at the money IV is 41.8 percent against 20 day realized volatility of 22.3 percent.

Figure	Value
At the money IV	41.8%
Realized volatility, 20 trading days	22.3%
Realized volatility, 60 trading days	29.5%
IV against its own weekly record	In the middle
Weekly readings on record	807, from 8 Jan 2010
Weeks the price moved more than the one week priced move	17.5% of 211 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, FNF's at the money IV runs from 41.8 percent at 18 days to 32.1 percent at 172 days.

Days to expiry	At the money IV
18	41.8%
53	43.6%
81	37.2%
172	32.1%

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, FNF's surface spans 4 expiries out to 172 days, with IV from 31.6 to 44.5 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	8
Lowest IV among them	31.6%
Highest IV among them	44.5%

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, FNF 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	41.8%	175	9,720
20 Nov 2026	53	43.6%	224	8,072
18 Dec 2026	81	37.2%	513	2,317
19 Mar 2027	172	32.1%	189	141

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, FNF's largest open interest sits at the 45 strike, with 7,047 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
45	489	6,558	7,047
40	7	4,497	4,504
35	16	4,099	4,115
30	0	4,011	4,011
50	325	1,072	1,397
55	125	13	138

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, FNF's at the money IV moved from 33.8 percent to 41.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	33.8%	41.8%	+8.0 points
Open interest, strikes captured near the price	20,266	21,351	+1,085
Put/call ratio, open interest	18.89	18.39	-0.50

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, 4,278 FNF option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	143
Puts traded	4,135
Against its recent average	0.9 times
Open interest, whole chain	21,366 contracts
Volume to open interest	0.20
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 5 trading days of FNF's option positioning, from 22 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
22 Sep 2026	42.55	minus $1.26 million	45	45
28 Sep 2026	41.08	minus $1.42 million	45	45

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 FNF was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	42.32, the swing high of 16 Sep 2026
Level below the close	40.82, the swing low of 24 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 FNF sat at the 32nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	28 of 100	Neutral
20 trading days	43 of 100	Neutral
45 trading days	32 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 FNF'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.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 FNF had carried no signal for at least 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	32 of 100
24 Sep 2026	None	50 of 100
23 Sep 2026	None	70 of 100
22 Sep 2026	None	71 of 100
21 Sep 2026	None	76 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

FNF closed at 41.08 on 28 Sep 2026.

Figure	Value
Last close	41.08
Change over 5 trading days	-3.3%
Change over 21 trading days	-13.2%
Change over 63 trading days	-13.7%
Change over 252 trading days	-28.0%
52 week high	58.57
52 week low	40.82
20 day moving average	43.78
50 day moving average	47.35
200 day moving average	49.82
RSI, 14 days	26

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

FNF reports next on 5 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	5 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 29 Jul 2026	-2.6%
Move after the report of 30 Apr 2026	-1.3%
Move after the report of 28 Jan 2026	+0.3%
Move after the report of 8 May 2025	-3.1%

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

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Company Events

FNF filed 1 current report in the 14 days to 28 Sep 2026, the latest on 16 Sep 2026.

Filed	Report	What it covers
16 Sep 2026	Current report	Regulation FD Disclosure

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

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Seasonality

In the 20 Septembers on record, FNF's average change was plus 0.3 percent, and it rose in 45.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.3%	-0.9%	45.0%	20
October	-3.2%	-0.3%	45.0%	20
November	+6.1%	+3.1%	95.0%	20

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 FNF's IV rank?: FNF's IV rank is 79 of 100 on 28 Sep 2026.
What move are FNF options pricing?: On 28 Sep 2026, FNF options priced a move of 9.5 percent down and 9.3 percent up by 16 Oct 2026.
Where are FNF's call wall and put wall?: On 28 Sep 2026, FNF's call wall and put wall are both at the 45 strike.
What was the desk's latest view of FNF on the Free plan?: On 25 Sep 2026 the desk's view of FNF was neutral, paper trading.
When does FNF report earnings next?: FNF reports next on 5 Nov 2026, a date confirmed by the company.

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