Real Estate

Sun Communities, Inc. (SUI) options and signal

Figures as of 28 Sep 2026

SUI is Sun Communities, Inc., a Real Estate 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	72 of 100	28 Sep
At the money IV	34.0%	28 Sep
Priced move to 16 Oct	8.2% down, 7.6% up	28 Sep
Call wall and put wall	125 and 120	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	112.28	28 Sep
Next report	28 Oct 2026	28 Sep

Options Snapshot

SUI's IV rank is 72 of 100 on 28 Sep 2026.

Figure	Value
IV rank	72 of 100
At the money IV	34.0%, near month, 18 days
Put/call ratio, open interest	0.81
Call open interest, strikes captured near the price	3,220 contracts
Put open interest, strikes captured near the price	2,610 contracts
Cost to trade at the money	Wide, 116.7% of the option's mid price

IV rank is where the at the money IV sits among SUI'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, SUI options priced a move of 8.2 percent down and 7.6 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	8.2%	7.6%	103.10 to 120.76
20 Nov 2026	53	15.4%	13.8%	94.98 to 127.78
18 Dec 2026	81	16.2%	14.5%	94.08 to 128.58
19 Mar 2027	172	20.7%	18.8%	89.08 to 133.38

The range is one standard deviation either side of the close of 112.28, 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, SUI's call wall is the 125 strike and its put wall is the 120 strike.

Figure	Value
Call wall, most open call gamma	125
Put wall, most open put gamma	120
Net dollar gamma, calls minus puts	$66,361
Total dollar gamma, both sides	$1.68 million
Close	112.28

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 3 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, SUI's at the money IV is 34.0 percent against 20 day realized volatility of 17.4 percent.

Figure	Value
At the money IV	34.0%
Realized volatility, 20 trading days	17.4%
Realized volatility, 60 trading days	21.0%
IV against its own weekly record	In the middle
Weekly readings on record	779, from 8 Jan 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.

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Volatility Weather

On 28 Sep 2026, SUI's at the money IV runs from 34.0 percent at 18 days to 28.4 percent at 172 days.

Days to expiry	At the money IV
18	34.0%
53	32.8%
81	29.8%
172	28.4%

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 Smile

On 28 Sep 2026, at the 53 day expiry, SUI's IV ten percent below the price sits 8.0 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	40.8%	+8.0 points
At the money	32.8%	0.0 points
10% above the price	39.6%	+6.8 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, SUI's surface spans 4 expiries out to 172 days, with IV from 27.4 to 52.6 percent near the price.

Figure	Value
Expiries captured	4
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	16
Lowest IV among them	27.4%
Highest IV among them	52.6%

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, SUI has 4 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	34.0%	1,574	2,276
20 Nov 2026	53	32.8%	170	4
18 Dec 2026	81	29.8%	1,438	260
19 Mar 2027	172	28.4%	37	67

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, SUI's largest open interest sits at the 125 strike, with 2,596 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
125	2,594	2	2,596
120	46	2,240	2,286
115	492	230	722
130	49	7	56
110	2	48	50
105	2	29	31

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, SUI's at the money IV moved from 31.8 percent to 34.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	31.8%	34.0%	+2.3 points
Open interest, strikes captured near the price	5,810	5,826	+16
Put/call ratio, open interest	0.81	0.81	+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, 1,704 SUI option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	1,544
Puts traded	160
Against its recent average	0.9 times
Busier than	7 of its last 20 trading days
Open interest, whole chain	5,829 contracts
Volume to open interest	0.29
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 SUI'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	118.67	minus $416,979	125	115
21 Sep 2026	113.74	minus $243,965	125	120
28 Sep 2026	112.28	$66,361	125	120

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 SUI was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	113.80, the swing high of 11 Sep 2026
Level below the close	110.39, the swing low of 25 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 SUI sat at the 22nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	2 of 100	Bearish
20 trading days	4 of 100	Bearish
45 trading days	22 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 SUI'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 RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 SUI had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	22 of 100
24 Sep 2026	None	24 of 100
23 Sep 2026	None	61 of 100
22 Sep 2026	None	45 of 100
21 Sep 2026	None	11 of 100
18 Sep 2026	None	23 of 100
17 Sep 2026	None	26 of 100
16 Sep 2026	None	69 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 11 of 41 Real Estate names were bullish and 17 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Real Estate	41	11	17	13

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

SUI closed at 112.28 on 28 Sep 2026.

Figure	Value
Last close	112.28
Change over 5 trading days	-1.3%
Change over 21 trading days	-8.9%
Change over 63 trading days	-7.4%
Change over 252 trading days	-12.2%
52 week high	137.85
52 week low	110.39
20 day moving average	116.04
50 day moving average	119.52
200 day moving average	124.58
RSI, 14 days	34

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

SUI reports next on 28 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	28 Oct 2026, after the close
Date	Confirmed by the company
Move after the report of 27 Jul 2026	+2.2%
Move after the report of 27 Apr 2026	+0.5%
Move after the report of 24 Feb 2026	+1.0%
Move after the report of 27 Oct 2025	-1.7%

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

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Company Events

SUI filed 1 current report in the 14 days to 28 Sep 2026, the latest on 23 Sep 2026.

Filed	Report	What it covers
23 Sep 2026	Current report	Completion of Acquisition or Disposition of Assets; Regulation FD Disclosure

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

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Seasonality

In the 32 Septembers on record, SUI's average change was minus 0.3 percent, and it rose in 53.1 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.3%	+0.4%	53.1%	32
October	-1.1%	-1.5%	34.4%	32
November	-1.0%	+0.8%	56.2%	32

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 SUI's IV rank?: SUI's IV rank is 72 of 100 on 28 Sep 2026.
What move are SUI options pricing?: On 28 Sep 2026, SUI options priced a move of 8.2 percent down and 7.6 percent up by 16 Oct 2026.
Where are SUI's call wall and put wall?: On 28 Sep 2026, SUI's call wall is the 125 strike and its put wall is the 120 strike.
What was the desk's latest view of SUI on the Free plan?: On 25 Sep 2026 the desk's view of SUI was neutral, paper trading.
When does SUI report earnings next?: SUI reports next on 28 Oct 2026, a date confirmed by the company.

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