Financials

LPL Financial Holdings Inc. (LPLA) options and signal

Figures as of 28 Sep 2026

LPLA is LPL Financial Holdings 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	86 of 100	28 Sep
At the money IV	45.4%	28 Sep
Priced move to 16 Oct	11.1% down, 10.6% up	28 Sep
Call wall and put wall	350 and 290	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	312.68	28 Sep
Next report	29 Oct 2026	28 Sep

Options Snapshot

LPLA's IV rank is 86 of 100 on 28 Sep 2026.

Figure	Value
IV rank	86 of 100
At the money IV	45.4%, near month, 18 days
Put/call ratio, open interest	0.99
Call open interest, strikes captured near the price	3,360 contracts
Put open interest, strikes captured near the price	3,340 contracts
Cost to trade at the money	Fair, 34.5% of the option's mid price

IV rank is where the at the money IV sits among LPLA'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, LPLA options priced a move of 11.1 percent down and 10.6 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.1%	10.6%	277.98 to 345.88
20 Nov 2026	53	16.7%	17.3%	260.58 to 366.68
18 Dec 2026	81	19.5%	20.4%	251.78 to 376.48
15 Jan 2027	109	21.7%	23.7%	244.98 to 386.88
16 Apr 2027	200	27.2%	26.6%	227.78 to 395.98

The range is one standard deviation either side of the close of 312.68, 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, LPLA's call wall is the 350 strike and its put wall is the 290 strike.

Figure	Value
Call wall, most open call gamma	350
Put wall, most open put gamma	290
Flip strike, where net gamma changes sign	325.48
Net dollar gamma, calls minus puts	minus $566,587
Total dollar gamma, both sides	$4.46 million
Close	312.68

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, LPLA's at the money IV is 45.4 percent against 20 day realized volatility of 37.1 percent.

Figure	Value
At the money IV	45.4%
Realized volatility, 20 trading days	37.1%
Realized volatility, 60 trading days	31.9%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	788, from 3 Dec 2010
Weeks the price moved more than the one week priced move	27.5% of 236 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, LPLA's at the money IV runs from 45.4 percent at 18 days to 36.0 percent at 200 days.

Days to expiry	At the money IV
18	45.4%
53	45.5%
81	43.4%
109	40.0%
200	36.0%

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, LPLA's IV ten percent below the price sits 3.2 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	48.7%	+3.2 points
At the money	45.5%	0.0 points
10% above the price	44.9%	-0.6 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, LPLA's surface spans 5 expiries out to 200 days, with IV from 14.1 to 101.8 percent near the price.

Figure	Value
Expiries captured	5
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	29
Lowest IV among them	14.1%
Highest IV among them	101.8%

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, LPLA has 5 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	45.4%	2,050	1,752
20 Nov 2026	53	45.5%	57	134
18 Dec 2026	81	43.4%	421	665
15 Jan 2027	109	40.0%	735	728
16 Apr 2027	200	36.0%	101	60

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, LPLA's largest open interest sits at the 290 strike, with 1,744 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
290	25	1,719	1,744
370	796	1	797
350	662	49	711
300	123	364	487
320	214	245	459
340	327	121	448

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, LPLA's at the money IV moved from 44.4 percent to 45.4 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	44.4%	45.4%	+1.0 points
Open interest, strikes captured near the price	6,465	6,703	+238
Put/call ratio, open interest	0.92	0.99	+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.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 1,361 LPLA option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	601
Puts traded	760
Against its recent average	0.9 times
Busier than	15 of its last 20 trading days
Open interest, whole chain	7,061 contracts
Volume to open interest	0.19
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 33 trading days of LPLA'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	371.19	$4.42 million	400	340
21 Sep 2026	332.26	$426,013	370	290
28 Sep 2026	312.68	minus $566,587	350	290

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 LPLA was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	344.65, the swing high of 9 Sep 2026
Level below the close	295.58, 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.

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Rank by Timeframe

On 25 Sep 2026 LPLA sat at the 42nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	60 of 100	Neutral
20 trading days	64 of 100	Neutral
45 trading days	42 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 LPLA'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 LPLA had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	42 of 100
24 Sep 2026	None	26 of 100
23 Sep 2026	None	30 of 100
22 Sep 2026	None	61 of 100
21 Sep 2026	None	38 of 100
18 Sep 2026	None	22 of 100
17 Sep 2026	None	23 of 100
16 Sep 2026	None	51 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

LPLA closed at 312.68 on 28 Sep 2026.

Figure	Value
Last close	312.68
Change over 5 trading days	-5.9%
Change over 21 trading days	-13.4%
Change over 63 trading days	+16.1%
Change over 252 trading days	-7.1%
52 week high	400.16
52 week low	260.15
20 day moving average	337.70
50 day moving average	347.72
200 day moving average	328.81
RSI, 14 days	35

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

LPLA reports next on 29 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	29 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 30 Jul 2026	+4.3%
Move after the report of 30 Apr 2026	-4.6%
Move after the report of 28 Jan 2026	-1.1%
Move after the report of 8 May 2025	+6.3%

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

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Seasonality

In the 15 Septembers on record, LPLA's average change was minus 0.1 percent, and it rose in 46.7 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.1%	-0.5%	46.7%	15
October	+4.6%	+4.2%	66.7%	15
November	+5.5%	+4.2%	66.7%	15

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 2 headlines naming LPLA in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
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 LPLA's IV rank?: LPLA's IV rank is 86 of 100 on 28 Sep 2026.
What move are LPLA options pricing?: On 28 Sep 2026, LPLA options priced a move of 11.1 percent down and 10.6 percent up by 16 Oct 2026.
Where are LPLA's call wall and put wall?: On 28 Sep 2026, LPLA's call wall is the 350 strike and its put wall is the 290 strike.
What was the desk's latest view of LPLA on the Free plan?: On 25 Sep 2026 the desk's view of LPLA was neutral, paper trading.
When does LPLA report earnings next?: LPLA reports next on 29 Oct 2026, a date worked out from past quarters.

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Guides and the full list

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