Real Estate

Iron Mountain Inc (IRM) options and signal

Figures as of 28 Sep 2026

IRM is Iron Mountain 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
Trade Card	Cash-secured put, 18 Dec	25 Sep
IV rank	78 of 100	28 Sep
At the money IV	35.5%	28 Sep
Priced move to 30 Oct	11.6% down, 10.9% up	28 Sep
Call wall and put wall	120 and 110	28 Sep
Signal and the desk's view	Bullish signal, view bullish	25 Sep
Last close	111.05	28 Sep
Next report	4 Nov 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for IRM was a cash-secured put expiring 18 Dec 2026, paper trading.

Figure	Value
Signal	Bullish, over 45 trading days
Strategy	Cash-secured put, credit
Legs	Sell the 105 put
Expiry	18 Dec 2026, 84 days to expiry
Limit	A credit of at least $3.90
Probability of profit	65%, the option market's odds at expiry, from delta
Max loss	$10,110 per contract
Max profit	$390 per contract
Breakeven	101.10
IV rank at that expiry	85 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Trade Cards in RingMaster The Trade Cards guide

Options Snapshot

IRM's IV rank is 78 of 100 on 28 Sep 2026.

Figure	Value
IV rank	78 of 100
At the money IV	35.5%, near month, 32 days
Put/call ratio, open interest	0.50
Call open interest, strikes captured near the price	14,800 contracts
Put open interest, strikes captured near the price	7,450 contracts
Cost to trade at the money	Fair, 15.5% of the option's mid price

IV rank is where the at the money IV sits among IRM'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, IRM options priced a move of 11.6 percent down and 10.9 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	4.6%	4.2%	105.90 to 115.68
9 Oct 2026	11	6.7%	5.7%	103.63 to 117.34
23 Oct 2026	25	9.5%	8.5%	100.55 to 120.46
30 Oct 2026	32	11.6%	10.9%	98.15 to 123.15
20 Nov 2026	53	14.4%	14.5%	95.05 to 127.15
18 Dec 2026	81	17.4%	16.4%	91.75 to 129.25
19 Mar 2027	172	25.7%	24.8%	82.55 to 138.55

The range is one standard deviation either side of the close of 111.05, 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, IRM's call wall is the 120 strike and its put wall is the 110 strike.

Figure	Value
Call wall, most open call gamma	120
Put wall, most open put gamma	110
Net dollar gamma, calls minus puts	$1.87 million
Total dollar gamma, both sides	$5.48 million
Close	111.05

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.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, IRM's at the money IV is 35.5 percent against 20 day realized volatility of 27.3 percent.

Figure	Value
At the money IV	35.5%
Realized volatility, 20 trading days	27.3%
Realized volatility, 60 trading days	29.1%
IV against its own weekly record	In the middle
Weekly readings on record	861, from 8 Jan 2010
Weeks the price moved more than the one week priced move	31.7% 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, IRM's at the money IV runs from 37.6 percent at 4 days to 37.4 percent at 172 days.

Days to expiry	At the money IV
4	37.6%
11	32.3%
18	35.0%
25	37.8%
39	40.1%
53	37.5%
81	36.4%
172	37.4%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 32 day expiry, IRM's IV ten percent below the price sits 9.2 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	44.7%	+9.2 points
At the money	35.5%	0.0 points
10% above the price	36.6%	+1.1 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, IRM's surface spans 10 expiries out to 172 days, with IV from 22.3 to 56.8 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	102
Lowest IV among them	22.3%
Highest IV among them	56.8%

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, IRM 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	37.6%	433	364
9 Oct 2026	11	32.3%	1,160	41
16 Oct 2026	18	35.0%	3,510	1,473
23 Oct 2026	25	37.8%	727	159
30 Oct 2026	32	35.5%	42	53
6 Nov 2026	39	40.1%	11	1
20 Nov 2026	53	37.5%	2,799	52
18 Dec 2026	81	36.4%	1,953	1,522
15 Jan 2027	109	36.5%	3,318	2,360
19 Mar 2027	172	37.4%	874	1,424

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, IRM's largest open interest sits at the 125 strike, with 4,087 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
125	3,714	373	4,087
115	1,607	1,601	3,208
120	2,835	337	3,172
110	546	1,187	1,733
130	1,689	37	1,726
150	950	0	950

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, IRM's at the money IV moved from 34.4 percent to 35.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	34.4%	35.5%	+1.1 points
Open interest, strikes captured near the price	22,513	22,276	-237
Put/call ratio, open interest	0.48	0.50	+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, 3,622 IRM option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	2,409
Puts traded	1,213
Against its recent average	1.0 times
Busier than	11 of its last 20 trading days
Open interest, whole chain	24,215 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.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of IRM'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	122.39	$16,527	125	115
21 Sep 2026	116.89	$1.93 million	120	110
28 Sep 2026	111.05	$1.87 million	120	110

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 IRM was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, signal on
Level above the close	115.30, the swing high of 16 Sep 2026
Level below the close	110.77, the swing low of 2 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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 IRM sat at the 96th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	79 of 100	Neutral
20 trading days	83 of 100	Bullish
45 trading days	96 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, 2 of 3 timeframes put IRM on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Bullish	1 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 IRM's bullish signal began that trading day, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	Bullish	96 of 100
24 Sep 2026	None	80 of 100
23 Sep 2026	None	91 of 100
22 Sep 2026	None	74 of 100
21 Sep 2026	None	61 of 100
18 Sep 2026	None	71 of 100
17 Sep 2026	None	70 of 100
16 Sep 2026	None	85 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

IRM closed at 111.05 on 28 Sep 2026.

Figure	Value
Last close	111.05
Change over 5 trading days	-5.0%
Change over 21 trading days	-9.5%
Change over 63 trading days	-14.6%
Change over 252 trading days	+10.2%
52 week high	134.68
52 week low	77.77
20 day moving average	114.19
50 day moving average	120.06
200 day moving average	111.73
RSI, 14 days	38

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

IRM reports next on 4 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	4 Nov 2026, before the open
Date	Worked out from past quarters
Move after the report of 5 Aug 2026	+1.3%
Move after the report of 30 Apr 2026	+0.9%
Move after the report of 28 Jan 2026	+0.9%
Move after the report of 1 May 2025	+2.4%

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, 52.6 percent of IRM's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	52.6%
Five day average	59.9%
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 23 Septembers on record, IRM's average change was minus 0.4 percent, and it rose in 47.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.4%	-1.3%	47.8%	23
October	+1.0%	+0.2%	50.0%	22
November	-0.3%	-0.4%	43.5%	23

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

Headlines

The desk's news feeds carried 1 headline naming IRM in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
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.

Open Headlines in RingMaster The Headlines guide

Questions

What is IRM's IV rank?: IRM's IV rank is 78 of 100 on 28 Sep 2026.
What move are IRM options pricing?: On 28 Sep 2026, IRM options priced a move of 11.6 percent down and 10.9 percent up by 30 Oct 2026.
Where are IRM's call wall and put wall?: On 28 Sep 2026, IRM's call wall is the 120 strike and its put wall is the 110 strike.
What was the latest Trade Card for IRM on the Free plan?: On 25 Sep 2026 the Trade Card for IRM was a cash-secured put expiring 18 Dec 2026, paper trading.
When does IRM report earnings next?: IRM reports next on 4 Nov 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