Industrials

GFL Environmental Inc. (GFL) options and signal

Figures as of 28 Sep 2026

GFL is GFL Environmental Inc., 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	74 of 100	28 Sep
At the money IV	67.8%	28 Sep
Priced move to 16 Oct	14.8% down, 16.1% up	28 Sep
Call wall and put wall	45 and 40	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	41.40	28 Sep
Next report	28 Oct 2026	28 Sep

Options Snapshot

GFL's IV rank is 74 of 100 on 28 Sep 2026.

Figure	Value
IV rank	74 of 100
At the money IV	67.8%, near month, 18 days
Put/call ratio, open interest	0.09
Call open interest, strikes captured near the price	222,000 contracts
Put open interest, strikes captured near the price	21,000 contracts
Cost to trade at the money	Fair, 21.7% of the option's mid price

IV rank is where the at the money IV sits among GFL'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, GFL options priced a move of 14.8 percent down and 16.1 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	14.8%	16.1%	35.29 to 48.07
20 Nov 2026	53	22.2%	23.6%	32.20 to 51.17
18 Dec 2026	81	23.8%	24.9%	31.53 to 51.70
15 Jan 2027	109	28.0%	30.0%	29.80 to 53.80
19 Mar 2027	172	30.0%	36.7%	29.00 to 56.60
16 Apr 2027	200	33.3%	33.3%	27.60 to 55.20

The range is one standard deviation either side of the close of 41.40, 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, GFL's call wall is the 45 strike and its put wall is the 40 strike.

Figure	Value
Call wall, most open call gamma	45
Put wall, most open put gamma	40
Flip strike, where net gamma changes sign	42.22
Net dollar gamma, calls minus puts	$12.49 million
Total dollar gamma, both sides	$15.36 million
Close	41.40

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, GFL's at the money IV is 67.8 percent against 20 day realized volatility of 32.3 percent.

Figure	Value
At the money IV	67.8%
Realized volatility, 20 trading days	32.3%
Realized volatility, 60 trading days	32.2%
IV against its own weekly record	In the middle
Weekly readings on record	281, from 15 May 2020
Weeks the price moved more than the one week priced move	13.0% of 208 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, GFL's at the money IV runs from 67.8 percent at 18 days to 44.9 percent at 200 days.

Days to expiry	At the money IV
18	67.8%
53	58.3%
81	52.0%
109	51.9%
172	49.2%
200	44.9%

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 Smile

On 28 Sep 2026, at the 53 day expiry, GFL's IV ten percent below the price sits 4.8 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	53.5%	-4.8 points
At the money	58.3%	0.0 points
10% above the price	58.2%	-0.1 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, GFL's surface spans 6 expiries out to 200 days, with IV from 43.1 to 71.0 percent near the price.

Figure	Value
Expiries captured	6
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	22
Lowest IV among them	43.1%
Highest IV among them	71.0%

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, GFL has 6 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	67.8%	27,043	9,465
20 Nov 2026	53	58.3%	97,500	5,470
18 Dec 2026	81	52.0%	84,987	5,099
15 Jan 2027	109	51.9%	2,314	834
19 Mar 2027	172	49.2%	6,591	47
16 Apr 2027	200	44.9%	3,407	117

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, GFL's largest open interest sits at the 45 strike, with 103,822 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
45	103,400	422	103,822
50	95,683	6	95,689
55	11,053	0	11,053
40	4,076	6,443	10,519
35	461	7,290	7,751
47.5	5,564	0	5,564

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, GFL's at the money IV moved from 62.0 percent to 67.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	62.0%	67.8%	+5.8 points
Open interest, strikes captured near the price	239,139	242,874	+3,735
Put/call ratio, open interest	0.10	0.09	-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, 10,003 GFL option contracts traded, 0.3 times its own recent average.

Figure	Value
Calls traded	6,919
Puts traded	3,084
Against its recent average	0.3 times
Busier than	0 of its last 5 trading days
Open interest, whole chain	242,817 contracts
Volume to open interest	0.04
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 6 trading days of GFL's option positioning, from 21 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
21 Sep 2026	42.76	$7.73 million	45	40
28 Sep 2026	41.40	$12.49 million	45	40

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 GFL was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	43.41, the swing high of 14 Sep 2026
Level below the close	41.32, the swing low of 23 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 GFL sat at the 38th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	54 of 100	Neutral
20 trading days	84 of 100	Bullish
45 trading days	38 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 GFL'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.

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Signal History

On 25 Sep 2026 GFL had carried no signal for at least 6 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	38 of 100
24 Sep 2026	None	57 of 100
23 Sep 2026	None	61 of 100
22 Sep 2026	None	62 of 100
21 Sep 2026	None	41 of 100
18 Sep 2026	None	52 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

GFL closed at 41.40 on 28 Sep 2026.

Figure	Value
Last close	41.40
Change over 5 trading days	-3.2%
Change over 21 trading days	+0.9%
Change over 63 trading days	+12.4%
Change over 252 trading days	-11.3%
52 week high	47.66
52 week low	33.33
20 day moving average	42.35
50 day moving average	41.43
200 day moving average	40.77
RSI, 14 days	47

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

GFL reports next on 28 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	28 Oct 2026, after the close
Date	Confirmed by the company
Move after the report of 29 Jul 2026	+2.8%
Move after the report of 30 Apr 2026	-4.0%
Move after the report of 28 Jan 2026	-0.8%
Move after the report of 30 Apr 2025	-0.1%

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

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Seasonality

In the 6 Septembers on record, GFL's average change was minus 0.5 percent, and it rose in 33.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.5%	-3.6%	33.3%	6
October	-0.8%	-1.5%	50.0%	6
November	+9.9%	+5.7%	66.7%	6

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 1 headline naming GFL in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
Latest	27 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 GFL's IV rank?: GFL's IV rank is 74 of 100 on 28 Sep 2026.
What move are GFL options pricing?: On 28 Sep 2026, GFL options priced a move of 14.8 percent down and 16.1 percent up by 16 Oct 2026.
Where are GFL's call wall and put wall?: On 28 Sep 2026, GFL's call wall is the 45 strike and its put wall is the 40 strike.
What was the desk's latest view of GFL on the Free plan?: On 25 Sep 2026 the desk's view of GFL was neutral, paper trading.
When does GFL report earnings next?: GFL reports next on 28 Oct 2026, a date confirmed by the company.

More Industrials names

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