Consumer Discretionary

Vail Resorts, Inc. (MTN) options and signal

Figures as of 28 Sep 2026

MTN is Vail Resorts, Inc., a Consumer Discretionary 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	98 of 100	28 Sep
At the money IV	52.8%	28 Sep
Priced move to 16 Oct	12.8% down, 10.2% up	28 Sep
Call wall and put wall	150 and 130	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	138.09	28 Sep
Next report	28 Sep 2026	28 Sep

Options Snapshot

MTN's IV rank is 98 of 100 on 28 Sep 2026.

Figure	Value
IV rank	98 of 100
At the money IV	52.8%, near month, 18 days
Put/call ratio, open interest	0.90
Call open interest, strikes captured near the price	7,350 contracts
Put open interest, strikes captured near the price	6,610 contracts
Cost to trade at the money	Tight, 11.1% of the option's mid price

IV rank is where the at the money IV sits among MTN'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, MTN options priced a move of 12.8 percent down and 10.2 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	12.8%	10.2%	120.39 to 152.19
20 Nov 2026	53	21.1%	18.1%	108.89 to 163.09
15 Jan 2027	109	29.0%	24.5%	98.09 to 171.99
16 Apr 2027	200	37.3%	32.2%	86.59 to 182.59

The range is one standard deviation either side of the close of 138.09, 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, MTN's call wall is the 150 strike and its put wall is the 130 strike.

Figure	Value
Call wall, most open call gamma	150
Put wall, most open put gamma	130
Flip strike, where net gamma changes sign	133.08
Net dollar gamma, calls minus puts	$1.07 million
Total dollar gamma, both sides	$3.73 million
Close	138.09

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, MTN's at the money IV is 52.8 percent against 20 day realized volatility of 34.0 percent.

Figure	Value
At the money IV	52.8%
Realized volatility, 20 trading days	34.0%
Realized volatility, 60 trading days	32.0%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	849, from 8 Jan 2010
Weeks the price moved more than the one week priced move	24.2% 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.

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Volatility Weather

On 28 Sep 2026, MTN's at the money IV runs from 52.8 percent at 18 days to 46.4 percent at 200 days.

Days to expiry	At the money IV
18	52.8%
53	48.9%
109	49.1%
200	46.4%

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, MTN's IV ten percent below the price sits 2.8 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	51.7%	+2.8 points
At the money	48.9%	0.0 points
10% above the price	52.3%	+3.4 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, MTN's surface spans 4 expiries out to 200 days, with IV from 43.5 to 60.8 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	24
Lowest IV among them	43.5%
Highest IV among them	60.8%

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, MTN 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	52.8%	4,501	2,136
20 Nov 2026	53	48.9%	1,371	1,290
15 Jan 2027	109	49.1%	1,282	1,897
16 Apr 2027	200	46.4%	195	1,287

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, MTN's largest open interest sits at the 150 strike, with 2,774 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
150	2,569	205	2,774
130	115	1,495	1,610
140	897	691	1,588
125	45	1,343	1,388
135	673	293	966
120	72	567	639

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, MTN's at the money IV moved from 52.7 percent to 52.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	52.7%	52.8%	+0.1 points
Open interest, strikes captured near the price	13,317	13,959	+642
Put/call ratio, open interest	0.83	0.90	+0.07

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, 8,059 MTN option contracts traded, 3.6 times its own recent average.

Figure	Value
Calls traded	1,550
Puts traded	6,509
Against its recent average	3.6 times
Open interest, whole chain	14,391 contracts
Volume to open interest	0.56
Unusual volume flag	Yes, 1 contract traded well above open interest
Largest flagged contract	The 125 put expiring 16 Oct, 2,398 traded against 610 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 5 trading days of MTN's option positioning, from 22 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
22 Sep 2026	138.98	$379,742	140	130
28 Sep 2026	138.09	$1.07 million	150	130

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 MTN was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	142.72, the swing high of 22 Sep 2026
Level below the close	137.00, the swing low of 18 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 MTN sat at the 65th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	39 of 100	Neutral
20 trading days	31 of 100	Neutral
45 trading days	65 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 MTN'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.

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Signal History

On 25 Sep 2026 MTN had carried no signal for at least 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	65 of 100
24 Sep 2026	None	46 of 100
23 Sep 2026	None	48 of 100
22 Sep 2026	None	59 of 100
21 Sep 2026	None	52 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, 27 of 106 Consumer Discretionary names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Consumer Discretionary	106	27	33	46

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

MTN closed at 138.09 on 28 Sep 2026.

Figure	Value
Last close	138.09
Change over 5 trading days	-1.7%
Change over 21 trading days	-4.5%
Change over 63 trading days	+2.1%
Change over 252 trading days	-5.9%
52 week high	163.34
52 week low	118.51
20 day moving average	137.06
50 day moving average	144.08
200 day moving average	137.77
RSI, 14 days	47

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

MTN reports next on 28 Sep 2026, a date confirmed by the company.

Figure	Value
Next report	28 Sep 2026, after the close
Date	Confirmed by the company
Move after the report of 8 Jun 2026	-4.3%
Move after the report of 11 Mar 2026	-2.3%
Move after the report of 9 Dec 2025	-2.6%
Move after the report of 8 Sep 2025	-2.9%

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

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Company Events

MTN filed 1 current report in the 14 days to 28 Sep 2026, the latest on 28 Sep 2026.

Filed	Report	What it covers
28 Sep 2026	Current report	Results of Operations and Financial Condition

Filings as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, MTN's average change was minus 0.2 percent, and it rose in 43.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.2%	-1.0%	43.5%	23
October	+2.0%	+1.5%	56.5%	23
November	+4.3%	+5.6%	65.2%	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 8 headlines naming MTN in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	8
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 MTN's IV rank?: MTN's IV rank is 98 of 100 on 28 Sep 2026.
What move are MTN options pricing?: On 28 Sep 2026, MTN options priced a move of 12.8 percent down and 10.2 percent up by 16 Oct 2026.
Where are MTN's call wall and put wall?: On 28 Sep 2026, MTN's call wall is the 150 strike and its put wall is the 130 strike.
What was the desk's latest view of MTN on the Free plan?: On 25 Sep 2026 the desk's view of MTN was bullish, paper trading.
When does MTN report earnings next?: MTN reports next on 28 Sep 2026, a date confirmed by the company.

More Consumer Discretionary names

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