Materials

LyondellBasell Industries NV (LYB) options and signal

Figures as of 28 Sep 2026

LYB is LyondellBasell Industries NV, 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	88 of 100	28 Sep
At the money IV	44.2%	28 Sep
Priced move to 16 Oct	9.3% down, 10.4% up	28 Sep
Call wall and put wall	65 and 60	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	58.27	28 Sep
Next report	30 Oct 2026	28 Sep

Options Snapshot

LYB's IV rank is 88 of 100 on 28 Sep 2026.

Figure	Value
IV rank	88 of 100
At the money IV	44.2%, near month, 18 days
Put/call ratio, open interest	2.08
Call open interest, strikes captured near the price	28,700 contracts
Put open interest, strikes captured near the price	59,800 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 LYB'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, LYB options priced a move of 9.3 percent down and 10.4 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	9.3%	10.4%	52.87 to 64.34
20 Nov 2026	53	16.5%	18.2%	48.65 to 68.87
18 Dec 2026	81	20.9%	21.6%	46.07 to 70.87
15 Jan 2027	109	22.8%	24.2%	44.97 to 72.37
19 Mar 2027	172	29.7%	30.7%	40.97 to 76.17

The range is one standard deviation either side of the close of 58.27, 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, LYB's call wall is the 65 strike and its put wall is the 60 strike.

Figure	Value
Call wall, most open call gamma	65
Put wall, most open put gamma	60
Flip strike, where net gamma changes sign	64.84
Net dollar gamma, calls minus puts	minus $3.79 million
Total dollar gamma, both sides	$8.32 million
Close	58.27

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.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, LYB's at the money IV is 44.2 percent against 20 day realized volatility of 32.5 percent.

Figure	Value
At the money IV	44.2%
Realized volatility, 20 trading days	32.5%
Realized volatility, 60 trading days	35.3%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	824, from 22 Oct 2010
Weeks the price moved more than the one week priced move	25.8% 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, LYB's at the money IV runs from 44.2 percent at 18 days to 44.8 percent at 172 days.

Days to expiry	At the money IV
18	44.2%
53	45.1%
81	46.4%
109	45.6%
172	44.8%

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 53 day expiry, LYB's IV ten percent below the price sits 0.5 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	45.6%	+0.5 points
At the money	45.1%	0.0 points
10% above the price	44.9%	-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, LYB's surface spans 5 expiries out to 172 days, with IV from 43.3 to 72.4 percent near the price.

Figure	Value
Expiries captured	5
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	25
Lowest IV among them	43.3%
Highest IV among them	72.4%

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, LYB has 5 captured expiries, from 16 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	44.2%	6,236	13,843
20 Nov 2026	53	45.1%	820	502
18 Dec 2026	81	46.4%	6,916	3,891
15 Jan 2027	109	45.6%	11,047	23,575
19 Mar 2027	172	44.8%	3,636	18,001

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, LYB's largest open interest sits at the 60 strike, with 24,984 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
60	2,139	22,845	24,984
65	4,456	4,703	9,159
55	1,342	7,418	8,760
62.5	1,841	6,161	8,002
45	238	5,039	5,277
70	4,619	391	5,010

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, LYB's at the money IV moved from 41.7 percent to 44.2 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	41.7%	44.2%	+2.5 points
Open interest, strikes captured near the price	88,254	88,467	+213
Put/call ratio, open interest	2.09	2.09	+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.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 3,632 LYB option contracts traded, 0.5 times its own recent average.

Figure	Value
Calls traded	1,254
Puts traded	2,378
Against its recent average	0.5 times
Busier than	2 of its last 20 trading days
Open interest, whole chain	93,133 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 33 trading days of LYB'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	63.98	minus $572,195	65	60
21 Sep 2026	60.24	minus $5.58 million	70	55
28 Sep 2026	58.27	minus $3.79 million	65	60

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 LYB was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	59.04, the swing high of 22 Sep 2026, a close past it runs against the view
Level below the close	51.98, the swing low of 1 Jul 2026
The chart	Sits with the view
Strategy family	Bear call spread (sell a call spread above 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 LYB sat at the 11th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	11 of 100	Bearish
20 trading days	19 of 100	Bearish
45 trading days	11 of 100	Bearish

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, 3 of 3 timeframes put LYB on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 of 2
Long	45 day	Bearish	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 LYB had carried no signal for 14 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	11 of 100
24 Sep 2026	None	13 of 100
23 Sep 2026	None	30 of 100
22 Sep 2026	None	22 of 100
21 Sep 2026	None	11 of 100
18 Sep 2026	None	17 of 100
17 Sep 2026	None	8 of 100
16 Sep 2026	None	15 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, 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.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

LYB closed at 58.27 on 28 Sep 2026.

Figure	Value
Last close	58.27
Change over 5 trading days	-3.3%
Change over 21 trading days	-7.6%
Change over 63 trading days	+8.7%
Change over 252 trading days	+19.0%
52 week high	83.94
52 week low	41.58
20 day moving average	62.87
50 day moving average	62.60
200 day moving average	61.77
RSI, 14 days	36

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

LYB reports next on 30 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	30 Oct 2026, before the open
Date	Confirmed by the company
Move after the report of 31 Jul 2026	+2.7%
Move after the report of 30 Apr 2026	+0.5%
Move after the report of 28 Jan 2026	-1.0%
Move after the report of 25 Apr 2025	+0.3%

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

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Short Volume

On 25 Sep 2026, 63.8 percent of LYB's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	63.8%
Five day average	59.5%
52 week median	57.0%

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.

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Seasonality

In the 16 Septembers on record, LYB's average change was minus 1.2 percent, and it rose in 43.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.2%	-2.6%	43.8%	16
October	+1.0%	-0.4%	50.0%	16
November	+3.5%	+3.5%	73.3%	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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Questions

What is LYB's IV rank?: LYB's IV rank is 88 of 100 on 28 Sep 2026.
What move are LYB options pricing?: On 28 Sep 2026, LYB options priced a move of 9.3 percent down and 10.4 percent up by 16 Oct 2026.
Where are LYB's call wall and put wall?: On 28 Sep 2026, LYB's call wall is the 65 strike and its put wall is the 60 strike.
What was the desk's latest view of LYB on the Free plan?: On 25 Sep 2026 the desk's view of LYB was bearish, paper trading.
When does LYB report earnings next?: LYB reports next on 30 Oct 2026, a date confirmed by the company.

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