Materials

NewMarket Corporation (NEU) options and signal

Figures as of 28 Sep 2026

NEU is NewMarket 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	89 of 100	28 Sep
At the money IV	35.3%	28 Sep
Priced move to 16 Oct	7.9% down, 7.2% up	28 Sep
Call wall and put wall	980 and 870	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	912.44	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

NEU's IV rank is 89 of 100 on 28 Sep 2026.

Figure	Value
IV rank	89 of 100
At the money IV	35.3%, near month, 18 days
Put/call ratio, open interest	0.52
Call open interest, strikes captured near the price	276 contracts
Put open interest, strikes captured near the price	143 contracts

IV rank is where the at the money IV sits among NEU'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, NEU options priced a move of 7.9 percent down and 7.2 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	7.9%	7.2%	840.24 to 977.84
18 Dec 2026	81	15.2%	16.2%	773.44 to 1,060.44
19 Mar 2027	172	21.5%	24.2%	716.44 to 1,133.44

The range is one standard deviation either side of the close of 912.44, 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, NEU's call wall is the 980 strike and its put wall is the 870 strike.

Figure	Value
Call wall, most open call gamma	980
Put wall, most open put gamma	870
Net dollar gamma, calls minus puts	$403,748
Total dollar gamma, both sides	$854,857
Close	912.44

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, NEU's at the money IV is 35.3 percent against 20 day realized volatility of 17.3 percent.

Figure	Value
At the money IV	35.3%
Realized volatility, 20 trading days	17.3%
Realized volatility, 60 trading days	28.9%
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	30.9% 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, NEU's at the money IV runs from 35.3 percent at 18 days to 30.8 percent at 172 days.

Days to expiry	At the money IV
18	35.3%
81	33.4%
172	30.8%

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 Surface

On 28 Sep 2026, NEU's surface spans 3 expiries out to 172 days, with IV from 3.1 to 76.2 percent near the price.

Figure	Value
Expiries captured	3
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	41
Lowest IV among them	3.1%
Highest IV among them	76.2%

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, NEU has 3 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	35.3%	35	43
18 Dec 2026	81	33.4%	129	75
19 Mar 2027	172	30.8%	112	25

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, NEU's largest open interest sits at the 980 strike, with 64 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
980	63	1	64
1,000	63	1	64
1,060	53	0	53
870	0	23	23
915	21	0	21
800	14	4	18

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, NEU's at the money IV moved from 31.7 percent to 35.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	31.7%	35.3%	+3.6 points
Open interest, strikes captured near the price	417	419	+2
Put/call ratio, open interest	0.50	0.52	+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, 1,004 NEU option contracts traded, 1.2 times its own recent average.

Figure	Value
Calls traded	764
Puts traded	240
Against its recent average	1.2 times
Busier than	20 of its last 20 trading days
Open interest, whole chain	471 contracts
Volume to open interest	2.13
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 34 trading days of NEU's option positioning, from 10 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
10 Aug 2026	909.98	$352,740	980	760
21 Sep 2026	884.98	$253,646	980	870
28 Sep 2026	912.44	$403,748	980	870

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 NEU was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	915.07, the swing high of 18 Sep 2026, a close past it runs against the view
Level below the close	897.53, the swing low of 14 Sep 2026
The chart	Sits against 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 NEU sat at the 16th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	26 of 100	Neutral
20 trading days	51 of 100	Neutral
45 trading days	16 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.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put NEU on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 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 NEU had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	16 of 100
24 Sep 2026	None	12 of 100
23 Sep 2026	None	17 of 100
22 Sep 2026	None	18 of 100
21 Sep 2026	None	8 of 100
18 Sep 2026	None	10 of 100
17 Sep 2026	None	12 of 100
16 Sep 2026	None	21 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

NEU closed at 912.44 on 28 Sep 2026.

Figure	Value
Last close	912.44
Change over 5 trading days	+3.1%
Change over 21 trading days	-1.2%
Change over 63 trading days	+15.4%
Change over 252 trading days	+10.5%
52 week high	981.66
52 week low	580.03
20 day moving average	889.90
50 day moving average	882.88
200 day moving average	742.51
RSI, 14 days	60

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

NEU reports next on 5 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	5 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 29 Jul 2026	+10.1%

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

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Seasonality

In the 23 Septembers on record, NEU's average change was minus 0.6 percent, and it rose in 52.2 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.6%	+0.1%	52.2%	23
October	+3.6%	+4.3%	73.9%	23
November	+3.3%	+1.9%	69.6%	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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Questions

What is NEU's IV rank?: NEU's IV rank is 89 of 100 on 28 Sep 2026.
What move are NEU options pricing?: On 28 Sep 2026, NEU options priced a move of 7.9 percent down and 7.2 percent up by 16 Oct 2026.
Where are NEU's call wall and put wall?: On 28 Sep 2026, NEU's call wall is the 980 strike and its put wall is the 870 strike.
What was the desk's latest view of NEU on the Free plan?: On 25 Sep 2026 the desk's view of NEU was bearish, paper trading.
When does NEU report earnings next?: NEU reports next on 5 Nov 2026, a date confirmed by the company.

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