Materials

Southern Copper Corporation (SCCO) options and signal

Figures as of 28 Sep 2026

SCCO is Southern Copper 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	98 of 100	28 Sep
At the money IV	54.4%	28 Sep
Priced move to 30 Oct	15.7% down, 15.1% up	28 Sep
Call wall and put wall	210 and 190	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	202.63	28 Sep
Next report	22 Oct 2026	28 Sep

Options Snapshot

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

Figure	Value
IV rank	98 of 100
At the money IV	54.4%, near month, 32 days
Put/call ratio, open interest	1.03
Call open interest, strikes captured near the price	17,800 contracts
Put open interest, strikes captured near the price	18,300 contracts
Cost to trade at the money	Fair, 23.3% of the option's mid price

IV rank is where the at the money IV sits among SCCO'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, SCCO options priced a move of 15.7 percent down and 15.1 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.5%	5.3%	191.43 to 213.33
9 Oct 2026	11	9.4%	10.0%	183.63 to 222.93
23 Oct 2026	25	13.9%	14.0%	174.43 to 231.03
30 Oct 2026	32	15.7%	15.1%	170.73 to 233.23
20 Nov 2026	53	20.9%	18.0%	160.33 to 239.03
18 Dec 2026	81	25.0%	24.0%	151.93 to 251.33
19 Mar 2027	172	35.0%	33.9%	131.63 to 271.23

The range is one standard deviation either side of the close of 202.63, 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, SCCO's call wall is the 210 strike and its put wall is the 190 strike.

Figure	Value
Call wall, most open call gamma	210
Put wall, most open put gamma	190
Net dollar gamma, calls minus puts	$218,866
Total dollar gamma, both sides	$14.26 million
Close	202.63

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.

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Volatility History

On 28 Sep 2026, SCCO's at the money IV is 54.4 percent against 20 day realized volatility of 43.2 percent.

Figure	Value
At the money IV	54.4%
Realized volatility, 20 trading days	43.2%
Realized volatility, 60 trading days	48.1%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	843, from 19 Feb 2010
Weeks the price moved more than the one week priced move	32.2% 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.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, SCCO's at the money IV runs from 51.3 percent at 4 days to 49.0 percent at 172 days.

Days to expiry	At the money IV
4	51.3%
11	51.6%
18	51.8%
25	52.0%
39	55.0%
53	50.2%
81	51.6%
172	49.0%

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 32 day expiry, SCCO's IV ten percent below the price sits 1.2 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	55.7%	+1.2 points
At the money	54.4%	0.0 points
10% above the price	55.3%	+0.9 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, SCCO's surface spans 10 expiries out to 172 days, with IV from 47.4 to 62.1 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	75
Lowest IV among them	47.4%
Highest IV among them	62.1%

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, SCCO has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	51.3%	2,379	3,632
9 Oct 2026	11	51.6%	265	396
16 Oct 2026	18	51.8%	3,073	3,135
23 Oct 2026	25	52.0%	145	85
30 Oct 2026	32	54.4%	136	130
6 Nov 2026	39	55.0%	8	11
20 Nov 2026	53	50.2%	4,736	3,275
18 Dec 2026	81	51.6%	720	1,156
15 Jan 2027	109	49.8%	6,076	5,757
19 Mar 2027	172	49.0%	284	676

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, SCCO's largest open interest sits at the 190 strike, with 3,792 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
190	821	2,971	3,792
220	3,061	149	3,210
210	1,926	1,244	3,170
200	1,362	1,578	2,940
180	1,700	1,057	2,757
185	272	1,724	1,996

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, SCCO's at the money IV moved from 51.7 percent to 54.4 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	51.7%	54.4%	+2.7 points
Open interest, strikes captured near the price	31,854	36,075	+4,221
Put/call ratio, open interest	0.93	1.02	+0.10

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, 3,378 SCCO option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	1,886
Puts traded	1,492
Against its recent average	0.8 times
Busier than	3 of its last 20 trading days
Open interest, whole chain	40,281 contracts
Volume to open interest	0.08
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 33 trading days of SCCO'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	194.48	minus $934,605	200	185
21 Sep 2026	198.06	$595,765	200	180
28 Sep 2026	202.63	$218,866	210	190

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 SCCO was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	208.00, the swing high of 22 Sep 2026
Level below the close	196.10, the swing low of 4 Sep 2026, a close past it runs against the view
The chart	Sits with 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 SCCO sat at the 73rd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	92 of 100	Bullish
20 trading days	58 of 100	Neutral
45 trading days	73 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, 1 of 3 timeframes put SCCO on the bullish side, paper trading.

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	73 of 100
24 Sep 2026	None	85 of 100
23 Sep 2026	None	73 of 100
22 Sep 2026	None	82 of 100
21 Sep 2026	None	89 of 100
18 Sep 2026	None	70 of 100
17 Sep 2026	None	81 of 100
16 Sep 2026	None	81 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.

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Price Chart

SCCO closed at 202.63 on 28 Sep 2026.

Figure	Value
Last close	202.63
Change over 5 trading days	+2.3%
Change over 21 trading days	-6.3%
Change over 63 trading days	+23.2%
Change over 252 trading days	+80.5%
52 week high	220.78
52 week low	111.26
20 day moving average	199.61
50 day moving average	194.76
200 day moving average	178.84
RSI, 14 days	54

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

SCCO reports next on 22 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	22 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 20 Jul 2026	+7.4%
Move after the report of 25 Apr 2026	-1.3%
Move after the report of 23 Jan 2026	+2.2%
Move after the report of 17 Mar 2025	+1.8%

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

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Public Filings

Company insiders reported 0 purchases and 1 sale of SCCO in the filings the desk holds.

Filed	Who	Trade	Size
24 Sep 2026	Palomino Bonilla Luis Miguel, director	Sold	100 shares, $20,000

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

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

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Seasonality

In the 23 Septembers on record, SCCO's average change was plus 2.8 percent, and it rose in 56.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+2.8%	+0.2%	56.5%	23
October	+4.9%	+4.8%	69.6%	23
November	+3.1%	+1.4%	52.2%	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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Questions

What is SCCO's IV rank?: SCCO's IV rank is 98 of 100 on 28 Sep 2026.
What move are SCCO options pricing?: On 28 Sep 2026, SCCO options priced a move of 15.7 percent down and 15.1 percent up by 30 Oct 2026.
Where are SCCO's call wall and put wall?: On 28 Sep 2026, SCCO's call wall is the 210 strike and its put wall is the 190 strike.
What was the desk's latest view of SCCO on the Free plan?: On 25 Sep 2026 the desk's view of SCCO was bullish, paper trading.
When does SCCO report earnings next?: SCCO reports next on 22 Oct 2026, a date worked out from past quarters.

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