Financials
Old National Bancorp (ONB) options and signal
Figures as of 28 Sep 2026
ONB is Old National Bancorp, 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.
Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.
At a glance
| Figure | Value | Date |
|---|---|---|
| IV rank | 35 of 100 | 28 Sep |
| At the money IV | 56.0% | 28 Sep |
| Priced move to 18 Dec | 26.4% down, 26.4% up | 28 Sep |
| Call wall and put wall | 30 and 25 | 28 Sep |
| Signal and the desk's view | No signal, view bullish | 25 Sep |
| Last close | 25.21 | 28 Sep |
| Next report | 21 Oct 2026 | 28 Sep |
Options Snapshot
ONB's IV rank is 35 of 100 on 28 Sep 2026.
| Figure | Value |
|---|---|
| IV rank | 35 of 100 |
| At the money IV | 56.0%, near month, 81 days |
| Put/call ratio, open interest | 0.05 |
| Call open interest, strikes captured near the price | 222 contracts |
| Put open interest, strikes captured near the price | 11 contracts |
| Cost to trade at the money | Wide, 88.1% of the option's mid price |
IV rank is where the at the money IV sits among ONB'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.
Open Options Snapshot in RingMasterThe Options Snapshot guide
Priced Range
On 28 Sep 2026, ONB options priced a move of 26.4 percent down and 26.4 percent up by 18 Dec 2026.
| Expiry | Days | Down | Up | Range |
|---|---|---|---|---|
| 18 Dec 2026 | 81 | 26.4% | 26.4% | 18.56 to 31.86 |
| 19 Mar 2027 | 172 | 32.5% | 32.5% | 17.01 to 33.41 |
The range is one standard deviation either side of the close of 25.21, 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.
Gamma Map
On 28 Sep 2026, ONB's call wall is the 30 strike and its put wall is the 25 strike.
| Figure | Value |
|---|---|
| Call wall, most open call gamma | 30 |
| Put wall, most open put gamma | 25 |
| Net dollar gamma, calls minus puts | $7,664 |
| Total dollar gamma, both sides | $8,311 |
| Close | 25.21 |
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.
Volatility History
On 28 Sep 2026, ONB's at the money IV is 56.0 percent against 20 day realized volatility of 18.1 percent.
| Figure | Value |
|---|---|
| At the money IV | 56.0% |
| Realized volatility, 20 trading days | 18.1% |
| Realized volatility, 60 trading days | 18.9% |
| IV against its own weekly record | In the middle |
| Weekly readings on record | 685, from 8 Jan 2010 |
| Weeks the price moved more than the one week priced move | 10.2% of 177 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 RingMasterThe Volatility History guide
Volatility Weather
On 28 Sep 2026, ONB's at the money IV runs from 56.0 percent at 81 days to 47.4 percent at 172 days.
| Days to expiry | At the money IV |
|---|---|
| 81 | 56.0% |
| 172 | 47.4% |
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.
Open Volatility Weather in RingMasterThe Volatility Weather guide
Volatility Surface
On 28 Sep 2026, ONB's surface spans 2 expiries out to 172 days, with IV from 47.4 to 56.0 percent near the price.
| Figure | Value |
|---|---|
| Expiries captured | 2 |
| Nearest expiry | 18 Dec 2026, 81 days |
| Farthest expiry | 19 Mar 2027, 172 days |
| Points within 10% of the price, 7 days out or more | 2 |
| Lowest IV among them | 47.4% |
| Highest IV among them | 56.0% |
From the option chain at the close on 28 Sep 2026. Current on every plan.
Open Volatility Surface in RingMasterThe Volatility Surface guide
Expiry Ladder
On 28 Sep 2026, ONB has 2 captured expiries, from 18 Dec 2026 to 19 Mar 2027.
| Expiry | Days | At the money IV | Call open interest | Put open interest |
|---|---|---|---|---|
| 18 Dec 2026 | 81 | 56.0% | 101 | 8 |
| 19 Mar 2027 | 172 | 47.4% | 121 | 3 |
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.
Strike Table
On 28 Sep 2026, ONB's largest open interest sits at the 30 strike, with 214 contracts across the captured expiries.
| Strike | Call open interest | Put open interest | Total |
|---|---|---|---|
| 30 | 214 | 0 | 214 |
| 25 | 7 | 4 | 11 |
| 22.5 | 0 | 4 | 4 |
| 20 | 0 | 3 | 3 |
| 35 | 1 | 0 | 1 |
From the option chain at the close on 28 Sep 2026. Current on every plan.
Since Yesterday
From 25 Sep 2026 to 28 Sep 2026, ONB's at the money IV moved from 69.2 percent to 56.0 percent.
| Figure | 25 Sep | 28 Sep | Change |
|---|---|---|---|
| At the money IV | 69.2% | 56.0% | -13.2 points |
| Open interest, strikes captured near the price | 109 | 233 | +124 |
| Put/call ratio, open interest | 0.08 | 0.05 | -0.03 |
Open interest changes cannot identify buyers or sellers.
From the option chain at the close on 28 Sep 2026. Current on every plan.
Changed Hands
On 28 Sep 2026, 81 ONB option contracts traded, 1.0 times its own recent average.
| Figure | Value |
|---|---|
| Calls traded | 70 |
| Puts traded | 11 |
| Against its recent average | 1.0 times |
| Busier than | 6 of its last 6 trading days |
| Open interest, whole chain | 458 contracts |
| Volume to open interest | 0.18 |
| 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.
Positioning Replay
The replay holds 17 trading days of ONB'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 | 26.84 | $83,596 | 25 | 25 |
| 31 Aug 2026 | 25.58 | $94,313 | 25 | 25 |
| 28 Sep 2026 | 25.21 | $7,664 | 30 | 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.
Open Positioning Replay in RingMasterThe Positioning Replay guide
Read-out
On 25 Sep 2026 the desk's view of ONB was bullish, paper trading.
| Figure | Value |
|---|---|
| Side | Bullish at 45 trading days, no signal |
| Level above the close | 26.02, the swing high of 15 Sep 2026 |
| Level below the close | 24.81, the swing low of 16 Sep 2026, a close past it runs against the view |
| The chart | Sits against the view |
| Strategy family | Bull call spread (buy a call spread) |
| 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.
Rank by Timeframe
On 25 Sep 2026 ONB sat at the 75th percentile of the model's 45 trading day ranking, paper trading.
| Timeframe | Percentile | Side |
|---|---|---|
| 10 trading days | 4 of 100 | Bearish |
| 20 trading days | 15 of 100 | Bearish |
| 45 trading days | 75 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 RingMasterThe Rank by Timeframe guide
Timeframe Agreement
On 25 Sep 2026 ONB's near timeframes were bearish and its long timeframe was neutral, paper trading.
| Group | Timeframes | Side | On that side |
|---|---|---|---|
| Near | 10 day, 20 day | Bearish | 2 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 RingMasterThe Timeframe Agreement guide
Signal History
On 25 Sep 2026 ONB had carried no signal for at least 5 trading days, paper trading.
| Trading day | Signal | 45 day percentile |
|---|---|---|
| 25 Sep 2026 | None | 75 of 100 |
| 24 Sep 2026 | None | 79 of 100 |
| 23 Sep 2026 | None | 81 of 100 |
| 22 Sep 2026 | None | 58 of 100 |
| 21 Sep 2026 | None | 40 of 100 |
Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.
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.
Price Chart
ONB closed at 25.21 on 28 Sep 2026.
| Figure | Value |
|---|---|
| Last close | 25.21 |
| Change over 5 trading days | -0.2% |
| Change over 21 trading days | -2.5% |
| Change over 63 trading days | -2.3% |
| Change over 252 trading days | +15.3% |
| 52 week high | 27.36 |
| 52 week low | 19.39 |
| 20 day moving average | 25.45 |
| 50 day moving average | 26.06 |
| 200 day moving average | 24.39 |
| RSI, 14 days | 44 |
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.
Earnings Radar
ONB reports next on 21 Oct 2026, a date confirmed by the company.
| Figure | Value |
|---|---|
| Next report | 21 Oct 2026, before the open |
| Date | Confirmed by the company |
| Move after the report of 22 Jul 2026 | +0.8% |
| Move after the report of 23 Apr 2026 | -2.6% |
| Move after the report of 21 Jan 2026 | +0.9% |
| Move after the report of 22 Apr 2025 | +3.8% |
Earnings calendar as of 28 Sep 2026. Current on every plan.
Seasonality
In the 23 Septembers on record, ONB's average change was plus 0.9 percent, and it rose in 47.8 percent of them.
| Month | Average change | Middle change | Share of years up | Years |
|---|---|---|---|---|
| September | +0.9% | -0.3% | 47.8% | 23 |
| October | +1.4% | +0.5% | 52.2% | 23 |
| November | +3.6% | +3.4% | 60.9% | 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.
Questions
- What is ONB's IV rank?
- ONB's IV rank is 35 of 100 on 28 Sep 2026.
- What move are ONB options pricing?
- On 28 Sep 2026, ONB options priced a move of 26.4 percent down and 26.4 percent up by 18 Dec 2026.
- Where are ONB's call wall and put wall?
- On 28 Sep 2026, ONB's call wall is the 30 strike and its put wall is the 25 strike.
- What was the desk's latest view of ONB on the Free plan?
- On 25 Sep 2026 the desk's view of ONB was bullish, paper trading.
- When does ONB report earnings next?
- ONB reports next on 21 Oct 2026, a date confirmed by the company.
More Financials names
- HLI, Houlihan Lokey, Inc.
- RNR, RenaissanceRe Holdings Ltd.
- FCFS, FirstCash Holdings, Inc.
- EQH, Equitable Holdings, Inc.
- L, Loews Corp
Guides and the full list
- Every covered stock, fund and index, A to Z
- Reading the options suite
- Options for beginners
- How Trade Cards work
- Words the desk uses
Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.