Financials

Royal Bank of Canada (RY) options and signal

Figures as of 28 Sep 2026

RY is Royal Bank of Canada, 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.

Start free See the plans

At a glance

Figure	Value	Date
IV rank	83 of 100	28 Sep
At the money IV	28.5%	28 Sep
Priced move to 16 Oct	6.3% down, 4.7% up	28 Sep
Call wall and put wall	220 and 210	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	200.95	28 Sep
Next report	3 Dec 2026	28 Sep

Options Snapshot

RY's IV rank is 83 of 100 on 28 Sep 2026.

Figure	Value
IV rank	83 of 100
At the money IV	28.5%, near month, 18 days
Put/call ratio, open interest	0.52
Call open interest, strikes captured near the price	15,100 contracts
Put open interest, strikes captured near the price	7,840 contracts
Cost to trade at the money	Wide, 77.6% of the option's mid price

IV rank is where the at the money IV sits among RY'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 RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, RY options priced a move of 6.3 percent down and 4.7 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	6.3%	4.7%	188.35 to 210.31
20 Nov 2026	53	10.1%	8.4%	180.75 to 217.75
18 Dec 2026	81	11.8%	12.5%	177.25 to 226.15
15 Jan 2027	109	13.4%	12.8%	174.05 to 226.65
16 Apr 2027	200	18.1%	19.7%	164.65 to 240.45

The range is one standard deviation either side of the close of 200.95, 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.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, RY's call wall is the 220 strike and its put wall is the 210 strike.

Figure	Value
Call wall, most open call gamma	220
Put wall, most open put gamma	210
Net dollar gamma, calls minus puts	$2.49 million
Total dollar gamma, both sides	$12.06 million
Close	200.95

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 5 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, RY's at the money IV is 28.5 percent against 20 day realized volatility of 17.2 percent.

Figure	Value
At the money IV	28.5%
Realized volatility, 20 trading days	17.2%
Realized volatility, 60 trading days	18.4%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	825, from 8 Jan 2010
Weeks the price moved more than the one week priced move	30.5% 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, RY's at the money IV runs from 28.5 percent at 18 days to 25.8 percent at 200 days.

Days to expiry	At the money IV
18	28.5%
53	26.5%
81	26.7%
109	22.6%
200	25.8%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 53 day expiry, RY's IV ten percent below the price sits 3.0 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	23.5%	-3.0 points
At the money	26.5%	0.0 points
10% above the price	24.9%	-1.5 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, RY's surface spans 5 expiries out to 200 days, with IV from 21.5 to 39.8 percent near the price.

Figure	Value
Expiries captured	5
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	27
Lowest IV among them	21.5%
Highest IV among them	39.8%

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, RY has 5 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	28.5%	3,855	2,380
20 Nov 2026	53	26.5%	2,785	1,522
18 Dec 2026	81	26.7%	511	504
15 Jan 2027	109	22.6%	7,071	3,044
16 Apr 2027	200	25.8%	847	386

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.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, RY's largest open interest sits at the 220 strike, with 5,192 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
220	4,571	621	5,192
210	1,593	1,570	3,163
200	1,859	939	2,798
230	2,171	515	2,686
190	830	924	1,754
175	252	984	1,236

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, RY's at the money IV moved from 25.5 percent to 28.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	25.5%	28.5%	+3.0 points
Open interest, strikes captured near the price	21,325	22,905	+1,580
Put/call ratio, open interest	0.51	0.52	+0.01

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, 4,001 RY option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	1,938
Puts traded	2,063
Against its recent average	0.9 times
Busier than	13 of its last 20 trading days
Open interest, whole chain	24,721 contracts
Volume to open interest	0.16
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.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of RY'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	210.26	minus $725,496	220	210
21 Sep 2026	206.19	$2.2 million	220	210
28 Sep 2026	200.95	$2.49 million	220	210

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 RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of RY was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	206.66, the swing high of 22 Sep 2026
Level below the close	200.69, the swing low of 16 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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 RY sat at the 95th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	38 of 100	Neutral
20 trading days	82 of 100	Bullish
45 trading days	95 of 100	Bullish

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, 2 of 3 timeframes put RY on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Bullish	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 RY had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	95 of 100
24 Sep 2026	None	85 of 100
23 Sep 2026	None	89 of 100
22 Sep 2026	None	95 of 100
21 Sep 2026	None	58 of 100
18 Sep 2026	None	62 of 100
17 Sep 2026	None	91 of 100
16 Sep 2026	None	95 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, 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.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

RY closed at 200.95 on 28 Sep 2026.

Figure	Value
Last close	200.95
Change over 5 trading days	-2.5%
Change over 21 trading days	-1.8%
Change over 63 trading days	-1.9%
Change over 252 trading days	+37.4%
52 week high	218.57
52 week low	143.13
20 day moving average	204.81
50 day moving average	207.75
200 day moving average	185.78
RSI, 14 days	41

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.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

RY reports next on 3 Dec 2026, a date confirmed by the company.

Figure	Value
Next report	3 Dec 2026
Date	Confirmed by the company

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Seasonality

In the 23 Septembers on record, RY's average change was plus 1.4 percent, and it rose in 65.2 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.4%	+2.0%	65.2%	23
October	+0.0%	-0.2%	47.8%	23
November	+1.9%	+1.4%	73.9%	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.

Open Seasonality in RingMaster The Seasonality guide

Headlines

The desk's news feeds carried 2 headlines naming RY in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
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.

Open Headlines in RingMaster The Headlines guide

Questions

What is RY's IV rank?: RY's IV rank is 83 of 100 on 28 Sep 2026.
What move are RY options pricing?: On 28 Sep 2026, RY options priced a move of 6.3 percent down and 4.7 percent up by 16 Oct 2026.
Where are RY's call wall and put wall?: On 28 Sep 2026, RY's call wall is the 220 strike and its put wall is the 210 strike.
What was the desk's latest view of RY on the Free plan?: On 25 Sep 2026 the desk's view of RY was bullish, paper trading.
When does RY report earnings next?: RY reports next on 3 Dec 2026, a date confirmed by the company.

More Financials names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans