Real Estate

Gaming and Leisure Properties, Inc. (GLPI) options and signal

Figures as of 28 Sep 2026

GLPI is Gaming and Leisure Properties, 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.

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At a glance

Figure	Value	Date
IV rank	85 of 100	28 Sep
At the money IV	32.1%	28 Sep
Priced move to 16 Oct	5.4% down, 7.2% up	28 Sep
Call wall and put wall	42.5 and 40	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	38.63	28 Sep
Next report	29 Oct 2026	28 Sep

Options Snapshot

GLPI's IV rank is 85 of 100 on 28 Sep 2026.

Figure	Value
IV rank	85 of 100
At the money IV	32.1%, near month, 18 days
Put/call ratio, open interest	0.79
Call open interest, strikes captured near the price	3,260 contracts
Put open interest, strikes captured near the price	2,570 contracts
Cost to trade at the money	Wide, 115.7% of the option's mid price

IV rank is where the at the money IV sits among GLPI'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, GLPI options priced a move of 5.4 percent down and 7.2 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	5.4%	7.2%	36.53 to 41.41
20 Nov 2026	53	12.1%	12.1%	33.97 to 43.29
15 Jan 2027	109	15.2%	14.4%	32.74 to 44.20
16 Apr 2027	200	21.3%	18.4%	30.41 to 45.72

The range is one standard deviation either side of the close of 38.63, 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, GLPI's call wall is the 42.5 strike and its put wall is the 40 strike.

Figure	Value
Call wall, most open call gamma	42.5
Put wall, most open put gamma	40
Net dollar gamma, calls minus puts	minus $84,011
Total dollar gamma, both sides	$408,522
Close	38.63

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 3 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, GLPI's at the money IV is 32.1 percent against 20 day realized volatility of 16.4 percent.

Figure	Value
At the money IV	32.1%
Realized volatility, 20 trading days	16.4%
Realized volatility, 60 trading days	20.5%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	639, from 8 Nov 2013
Weeks the price moved more than the one week priced move	26.6% of 233 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, GLPI's at the money IV runs from 32.1 percent at 18 days to 27.0 percent at 200 days.

Days to expiry	At the money IV
18	32.1%
53	31.6%
109	27.2%
200	27.0%

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, GLPI's IV ten percent below the price sits 9.7 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	41.3%	+9.7 points
At the money	31.6%	0.0 points
10% above the price	27.2%	-4.5 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, GLPI's surface spans 4 expiries out to 200 days, with IV from 25.7 to 127.4 percent near the price.

Figure	Value
Expiries captured	4
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	12
Lowest IV among them	25.7%
Highest IV among them	127.4%

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, GLPI has 4 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	32.1%	848	794
20 Nov 2026	53	31.6%	35	293
15 Jan 2027	109	27.2%	2,136	1,294
16 Apr 2027	200	27.0%	239	193

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, GLPI's largest open interest sits at the 45 strike, with 1,634 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
45	767	867	1,634
50	1,101	0	1,101
40	142	743	885
42.5	434	271	705
47.5	650	0	650
35	0	405	405

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, GLPI's at the money IV moved from 24.1 percent to 32.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	24.1%	32.1%	+8.0 points
Open interest, strikes captured near the price	5,548	5,832	+284
Put/call ratio, open interest	0.71	0.79	+0.08

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, 1,508 GLPI option contracts traded, 1.3 times its own recent average.

Figure	Value
Calls traded	901
Puts traded	607
Against its recent average	1.3 times
Busier than	19 of its last 20 trading days
Open interest, whole chain	10,115 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 32 trading days of GLPI'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	42.64	minus $1,987	47.5	42.5
21 Sep 2026	39.67	minus $124,448	42.5	40
28 Sep 2026	38.63	minus $84,011	42.5	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 GLPI was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	40.01, the swing high of 22 Sep 2026
Level below the close	38.32, the swing low of 25 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Cash-secured put (sell a put below the price)
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 GLPI sat at the 80th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	13 of 100	Bearish
20 trading days	41 of 100	Neutral
45 trading days	80 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.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026 GLPI's near timeframes were bearish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	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.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	80 of 100
24 Sep 2026	None	78 of 100
23 Sep 2026	None	61 of 100
22 Sep 2026	None	78 of 100
21 Sep 2026	None	75 of 100
18 Sep 2026	None	67 of 100
17 Sep 2026	None	77 of 100
16 Sep 2026	None	73 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

GLPI closed at 38.63 on 28 Sep 2026.

Figure	Value
Last close	38.63
Change over 5 trading days	-2.6%
Change over 21 trading days	-8.7%
Change over 63 trading days	-15.9%
Change over 252 trading days	-16.2%
52 week high	49.95
52 week low	38.32
20 day moving average	40.57
50 day moving average	42.54
200 day moving average	45.23
RSI, 14 days	29

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

GLPI reports next on 29 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	29 Oct 2026, after the close
Date	Confirmed by the company
Move after the report of 30 Jul 2026	+0.2%
Move after the report of 30 Apr 2026	-1.4%
Move after the report of 28 Jan 2026	+1.3%
Move after the report of 24 Apr 2025	-2.6%

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

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Seasonality

In the 12 Septembers on record, GLPI's average change was minus 3.6 percent, and it rose in 8.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-3.6%	-3.4%	8.3%	12
October	+0.6%	-1.3%	33.3%	12
November	+0.8%	+2.1%	58.3%	12

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 GLPI's IV rank?: GLPI's IV rank is 85 of 100 on 28 Sep 2026.
What move are GLPI options pricing?: On 28 Sep 2026, GLPI options priced a move of 5.4 percent down and 7.2 percent up by 16 Oct 2026.
Where are GLPI's call wall and put wall?: On 28 Sep 2026, GLPI's call wall is the 42.5 strike and its put wall is the 40 strike.
What was the desk's latest view of GLPI on the Free plan?: On 25 Sep 2026 the desk's view of GLPI was bullish, paper trading.
When does GLPI report earnings next?: GLPI reports next on 29 Oct 2026, a date confirmed by the company.

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