Communication Services

News Corp (NWSA) options and signal

Figures as of 28 Sep 2026

NWSA is News Corp, a Communication Services 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	81 of 100	28 Sep
At the money IV	58.0%	28 Sep
Priced move to 16 Oct	12.9% down, 11.2% 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	29.10	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

NWSA's IV rank is 81 of 100 on 28 Sep 2026.

Figure	Value
IV rank	81 of 100
At the money IV	58.0%, near month, 18 days
Put/call ratio, open interest	0.03
Call open interest, strikes captured near the price	32,500 contracts
Put open interest, strikes captured near the price	907 contracts
Cost to trade at the money	Wide, 148.7% of the option's mid price

IV rank is where the at the money IV sits among NWSA'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, NWSA options priced a move of 12.9 percent down and 11.2 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	12.9%	11.2%	25.35 to 32.35
15 Jan 2027	109	18.1%	17.9%	23.84 to 34.31
16 Apr 2027	200	27.0%	27.0%	21.25 to 36.95

The range is one standard deviation either side of the close of 29.10, 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, NWSA'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
Flip strike, where net gamma changes sign	25.15
Net dollar gamma, calls minus puts	$1.55 million
Total dollar gamma, both sides	$1.62 million
Close	29.10

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, NWSA's at the money IV is 58.0 percent against 20 day realized volatility of 25.3 percent.

Figure	Value
At the money IV	58.0%
Realized volatility, 20 trading days	25.3%
Realized volatility, 60 trading days	27.2%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	607, from 21 Jun 2013
Weeks the price moved more than the one week priced move	12.1% of 215 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, NWSA's at the money IV runs from 58.0 percent at 18 days to 36.4 percent at 200 days.

Days to expiry	At the money IV
18	58.0%
109	33.1%
200	36.4%

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 Surface

On 28 Sep 2026, NWSA's surface spans 3 expiries out to 200 days, with IV from 32.8 to 50.8 percent near the price.

Figure	Value
Expiries captured	3
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	3
Lowest IV among them	32.8%
Highest IV among them	50.8%

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, NWSA has 3 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	58.0%	345	98
15 Jan 2027	109	33.1%	32,165	808
16 Apr 2027	200	36.4%	38	1

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, NWSA's largest open interest sits at the 35 strike, with 21,329 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
35	21,327	2	21,329
30	10,319	5	10,324
25	271	775	1,046
40	545	0	545
22.5	66	105	171
20	20	20	40

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, NWSA's at the money IV moved from 45.9 percent to 58.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	45.9%	58.0%	+12.1 points
Open interest, strikes captured near the price	33,372	33,455	+83
Put/call ratio, open interest	0.03	0.03	-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.

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Changed Hands

On 28 Sep 2026, 209 NWSA option contracts traded, 1.4 times its own recent average.

Figure	Value
Calls traded	161
Puts traded	48
Against its recent average	1.4 times
Busier than	13 of its last 20 trading days
Open interest, whole chain	33,557 contracts
Volume to open interest	0.01
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 27 trading days of NWSA's option positioning, from 20 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
20 Aug 2026	29.65	$2.49 million	30	25
21 Sep 2026	29.70	$1.64 million	35	25
28 Sep 2026	29.10	$1.55 million	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 NWSA was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	30.70, the swing high of 14 Sep 2026
Level below the close	29.07, the swing low of 10 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 NWSA sat at the 42nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	68 of 100	Neutral
20 trading days	49 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.

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Timeframe Agreement

On 25 Sep 2026 NWSA'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 NWSA 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	29 of 100
23 Sep 2026	None	44 of 100
22 Sep 2026	None	70 of 100
21 Sep 2026	None	40 of 100
18 Sep 2026	None	42 of 100
17 Sep 2026	None	25 of 100
16 Sep 2026	None	50 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, 10 of 37 Communication Services names were bullish and 12 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Communication Services	37	10	12	15

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

NWSA closed at 29.10 on 28 Sep 2026.

Figure	Value
Last close	29.10
Change over 5 trading days	-2.0%
Change over 21 trading days	-6.7%
Change over 63 trading days	+15.2%
Change over 252 trading days	-3.6%
52 week high	31.66
52 week low	22.20
20 day moving average	29.79
50 day moving average	29.24
200 day moving average	26.51
RSI, 14 days	46

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

NWSA 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	-2.5%
Move after the report of 30 Apr 2026	-0.3%
Move after the report of 28 Jan 2026	+0.7%
Move after the report of 8 May 2025	-1.5%

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

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Company Events

NWSA filed 11 current reports in the 14 days to 28 Sep 2026, the latest on 28 Sep 2026.

Filed	Report	What it covers
28 Sep 2026	Current report	Other Events
25 Sep 2026	Current report	Other Events
24 Sep 2026	Current report	Other Events
23 Sep 2026	Current report	Other Events
22 Sep 2026	Current report	Other Events
21 Sep 2026	Current report	Other Events

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

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Short Volume

On 25 Sep 2026, 28.5 percent of NWSA's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	28.5%
Five day average	31.5%
52 week median	45.3%

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 13 Septembers on record, NWSA's average change was minus 2.5 percent, and it rose in 38.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-2.5%	-0.8%	38.5%	13
October	+0.7%	0.0%	46.2%	13
November	+4.2%	+0.3%	53.8%	13

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 NWSA's IV rank?: NWSA's IV rank is 81 of 100 on 28 Sep 2026.
What move are NWSA options pricing?: On 28 Sep 2026, NWSA options priced a move of 12.9 percent down and 11.2 percent up by 16 Oct 2026.
Where are NWSA's call wall and put wall?: On 28 Sep 2026, NWSA's call wall is the 35 strike and its put wall is the 25 strike.
What was the desk's latest view of NWSA on the Free plan?: On 25 Sep 2026 the desk's view of NWSA was neutral, paper trading.
When does NWSA report earnings next?: NWSA reports next on 5 Nov 2026, a date confirmed by the company.

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