Materials

Kinross Gold Corporation (KGC) options and signal

Figures as of 28 Sep 2026

KGC is Kinross Gold Corporation, a Materials 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	54 of 100	28 Sep
At the money IV	53.6%	28 Sep
Priced move to 30 Oct	15.8% down, 15.5% up	28 Sep
Call wall and put wall	35 and 25	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	24.11	28 Sep
Next report	10 Nov 2026	28 Sep

Options Snapshot

KGC's IV rank is 54 of 100 on 28 Sep 2026.

Figure	Value
IV rank	54 of 100
At the money IV	53.6%, near month, 32 days
Put/call ratio, open interest	0.77
Call open interest, strikes captured near the price	76,400 contracts
Put open interest, strikes captured near the price	58,700 contracts
Cost to trade at the money	Fair, 27.9% of the option's mid price

IV rank is where the at the money IV sits among KGC'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, KGC options priced a move of 15.8 percent down and 15.5 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.4%	5.4%	22.81 to 25.40
9 Oct 2026	11	8.6%	9.0%	22.04 to 26.29
23 Oct 2026	25	14.2%	13.6%	20.68 to 27.39
30 Oct 2026	32	15.8%	15.5%	20.30 to 27.85
20 Nov 2026	53	17.9%	18.7%	19.79 to 28.63
18 Dec 2026	81	26.4%	24.9%	17.75 to 30.12
19 Feb 2027	144	36.1%	32.4%	15.40 to 31.93

The range is one standard deviation either side of the close of 24.11, 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, KGC's call wall is the 35 strike and its put wall is the 25 strike.

Figure	Value
Call wall, most open call gamma	35
Put wall, most open put gamma	25
Net dollar gamma, calls minus puts	minus $206,679
Total dollar gamma, both sides	$4.01 million
Close	24.11

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 9 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, KGC's at the money IV is 53.6 percent against 20 day realized volatility of 59.0 percent.

Figure	Value
At the money IV	53.6%
Realized volatility, 20 trading days	59.0%
Realized volatility, 60 trading days	55.9%
IV against its own weekly record	In the middle
Weekly readings on record	803, from 8 Jan 2010
Weeks the price moved more than the one week priced move	27.1% of 214 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, KGC's at the money IV runs from 52.1 percent at 4 days to 52.6 percent at 144 days.

Days to expiry	At the money IV
4	52.1%
11	50.9%
18	55.9%
25	51.3%
39	53.5%
53	52.6%
81	51.0%
144	52.6%

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.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, KGC's IV ten percent below the price sits 0.9 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	52.6%	-0.9 points
At the money	53.6%	0.0 points
10% above the price	55.9%	+2.3 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, KGC's surface spans 10 expiries out to 144 days, with IV from 48.3 to 66.1 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	60
Lowest IV among them	48.3%
Highest IV among them	66.1%

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, KGC has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	52.1%	985	2,348
9 Oct 2026	11	50.9%	711	321
16 Oct 2026	18	55.9%	8,448	5,136
23 Oct 2026	25	51.3%	699	376
30 Oct 2026	32	53.6%	742	231
6 Nov 2026	39	53.5%	43	42
20 Nov 2026	53	52.6%	18,744	13,986
18 Dec 2026	81	51.0%	794	1,445
15 Jan 2027	109	51.7%	43,824	30,880
19 Feb 2027	144	52.6%	1,391	3,970

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, KGC's largest open interest sits at the 35 strike, with 21,214 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
35	20,777	437	21,214
25	5,017	11,446	16,463
30	7,481	3,726	11,207
17	1,800	7,610	9,410
22	2,014	7,388	9,402
28	6,118	2,075	8,193

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, KGC's at the money IV moved from 50.8 percent to 53.6 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	50.8%	53.6%	+2.8 points
Open interest, strikes captured near the price	136,377	135,116	-1,261
Put/call ratio, open interest	0.71	0.77	+0.06

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, 11,483 KGC option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	5,389
Puts traded	6,094
Against its recent average	1.0 times
Busier than	18 of its last 20 trading days
Open interest, whole chain	165,696 contracts
Volume to open interest	0.07
Unusual volume flag	Yes, 2 contracts traded well above open interest
Largest flagged contract	The 23.5 put expiring 2 Oct, 635 traded against 146 open

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 33 trading days of KGC'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	27.24	$627,596	28	25
21 Sep 2026	27.79	minus $7,702	28	25
28 Sep 2026	24.11	minus $206,679	35	25

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 KGC was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	27.42, the swing high of 16 Sep 2026
Level below the close	22.29, the swing low of 17 Jul 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 KGC sat at the 49th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	72 of 100	Neutral
20 trading days	90 of 100	Bullish
45 trading days	49 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 KGC'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 KGC had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	49 of 100
24 Sep 2026	None	61 of 100
23 Sep 2026	None	47 of 100
22 Sep 2026	None	50 of 100
21 Sep 2026	None	51 of 100
18 Sep 2026	None	68 of 100
17 Sep 2026	None	40 of 100
16 Sep 2026	None	37 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, 35 of 62 Materials names were bullish and 11 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Materials	62	35	11	16

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

KGC closed at 24.11 on 28 Sep 2026.

Figure	Value
Last close	24.11
Change over 5 trading days	-13.2%
Change over 21 trading days	-25.8%
Change over 63 trading days	+1.4%
Change over 252 trading days	+2.0%
52 week high	39.11
52 week low	22.01
20 day moving average	28.48
50 day moving average	27.57
200 day moving average	29.55
RSI, 14 days	33

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

KGC reports next on 10 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	10 Nov 2026, after the close
Date	Worked out from past quarters
Move after the report of 28 Jul 2026	-1.3%
Move after the report of 29 Apr 2026	+1.3%
Move after the report of 27 Jan 2026	+0.5%
Move after the report of 6 May 2025	+2.7%

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

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Seasonality

In the 23 Septembers on record, KGC's average change was plus 1.5 percent, and it rose in 43.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.5%	-0.7%	43.5%	23
October	-1.2%	-2.9%	43.5%	23
November	+3.7%	+0.9%	52.2%	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.

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Headlines

The desk's news feeds carried 1 headline naming KGC 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.

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Questions

What is KGC's IV rank?: KGC's IV rank is 54 of 100 on 28 Sep 2026.
What move are KGC options pricing?: On 28 Sep 2026, KGC options priced a move of 15.8 percent down and 15.5 percent up by 30 Oct 2026.
Where are KGC's call wall and put wall?: On 28 Sep 2026, KGC's call wall is the 35 strike and its put wall is the 25 strike.
What was the desk's latest view of KGC on the Free plan?: On 25 Sep 2026 the desk's view of KGC was neutral, paper trading.
When does KGC report earnings next?: KGC reports next on 10 Nov 2026, a date worked out from past quarters.

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