Financials

Travelers Companies Inc (TRV) options and signal

Figures as of 28 Sep 2026

TRV is Travelers Companies Inc, 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.

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At a glance

Figure	Value	Date
IV rank	91 of 100	28 Sep
At the money IV	29.9%	28 Sep
Priced move to 16 Oct	6.8% down, 6.7% up	28 Sep
Call wall and put wall	340 and 360	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	363.16	28 Sep
Next report	16 Oct 2026	28 Sep

Options Snapshot

TRV's IV rank is 91 of 100 on 28 Sep 2026.

Figure	Value
IV rank	91 of 100
At the money IV	29.9%, near month, 18 days
Put/call ratio, open interest	0.49
Call open interest, strikes captured near the price	6,500 contracts
Put open interest, strikes captured near the price	3,200 contracts
Cost to trade at the money	Fair, 15.6% of the option's mid price

IV rank is where the at the money IV sits among TRV'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, TRV options priced a move of 6.8 percent down and 6.7 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	6.8%	6.7%	338.46 to 387.46
20 Nov 2026	53	9.8%	10.4%	327.46 to 400.76
15 Jan 2027	109	13.6%	14.4%	313.86 to 415.36
16 Apr 2027	200	18.0%	20.7%	297.96 to 438.26

The range is one standard deviation either side of the close of 363.16, 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, TRV's call wall is the 340 strike and its put wall is the 360 strike.

Figure	Value
Call wall, most open call gamma	340
Put wall, most open put gamma	360
Net dollar gamma, calls minus puts	$3.76 million
Total dollar gamma, both sides	$9.47 million
Close	363.16

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, TRV's at the money IV is 29.9 percent against 20 day realized volatility of 17.7 percent.

Figure	Value
At the money IV	29.9%
Realized volatility, 20 trading days	17.7%
Realized volatility, 60 trading days	27.2%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	23.8% of 252 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, TRV's at the money IV runs from 29.9 percent at 18 days to 25.2 percent at 200 days.

Days to expiry	At the money IV
18	29.9%
53	25.3%
109	25.7%
200	25.2%

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, TRV's IV ten percent below the price sits 5.6 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	30.8%	+5.6 points
At the money	25.3%	0.0 points
10% above the price	28.4%	+3.1 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, TRV's surface spans 4 expiries out to 200 days, with IV from 22.9 to 38.8 percent near the price.

Figure	Value
Expiries captured	4
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	22.9%
Highest IV among them	38.8%

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, TRV has 4 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	29.9%	3,028	1,107
20 Nov 2026	53	25.3%	201	56
15 Jan 2027	109	25.7%	3,243	2,003
16 Apr 2027	200	25.2%	31	31

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, TRV's largest open interest sits at the 340 strike, with 1,384 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
340	952	432	1,384
390	893	81	974
380	544	303	847
350	487	250	737
370	482	218	700
400	582	32	614

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, TRV's at the money IV moved from 29.2 percent to 29.9 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	29.2%	29.9%	+0.7 points
Open interest, strikes captured near the price	9,682	9,700	+18
Put/call ratio, open interest	0.49	0.49	-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, 903 TRV option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	499
Puts traded	404
Against its recent average	0.9 times
Busier than	2 of its last 20 trading days
Open interest, whole chain	11,887 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 TRV'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	375.61	$10.38 million	390	370
21 Sep 2026	371.13	$3.53 million	390	380
28 Sep 2026	363.16	$3.76 million	340	360

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 TRV was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	382.97, the swing high of 17 Sep 2026, a close past it runs against the view
Level below the close	359.87, the swing low of 9 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above 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.

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Rank by Timeframe

On 25 Sep 2026 TRV sat at the 15th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	42 of 100	Neutral
20 trading days	20 of 100	Neutral
45 trading days	15 of 100	Bearish

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 TRV on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Bearish	1 of 1

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

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Signal History

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	15 of 100
24 Sep 2026	None	10 of 100
23 Sep 2026	None	14 of 100
22 Sep 2026	None	15 of 100
21 Sep 2026	None	5 of 100
18 Sep 2026	None	10 of 100
17 Sep 2026	None	9 of 100
16 Sep 2026	None	15 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, 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.

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Price Chart

TRV closed at 363.16 on 28 Sep 2026.

Figure	Value
Last close	363.16
Change over 5 trading days	-2.1%
Change over 21 trading days	-1.7%
Change over 63 trading days	+9.4%
Change over 252 trading days	+32.4%
52 week high	398.70
52 week low	252.26
20 day moving average	369.31
50 day moving average	372.51
200 day moving average	318.61
RSI, 14 days	43

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

TRV reports next on 16 Oct 2026, and options priced an earnings move of 5.1 percent through 16 Oct 2026.

Figure	Value
Next report	16 Oct 2026, before the open
Date	Confirmed by the company
Priced earnings move	5.1%, a straddle of $18.55 at the 360 strike, expiring 16 Oct 2026
Move after the report of 17 Jul 2026	+9.2%
Move after the report of 18 Apr 2026	-0.0%
Move after the report of 16 Jan 2026	+0.1%
Move after the report of 16 Apr 2025	+1.1%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

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

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Short Volume

On 25 Sep 2026, 50.5 percent of TRV's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	50.5%
Five day average	61.5%
52 week median	56.9%

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 23 Septembers on record, TRV's average change was plus 0.6 percent, and it rose in 52.2 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.6%	+1.1%	52.2%	23
October	+4.1%	+3.7%	78.3%	23
November	+2.9%	+3.3%	78.3%	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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Headlines

The desk's news feeds carried 2 headlines naming TRV 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.

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Questions

What is TRV's IV rank?: TRV's IV rank is 91 of 100 on 28 Sep 2026.
What move are TRV options pricing?: On 28 Sep 2026, TRV options priced a move of 6.8 percent down and 6.7 percent up by 16 Oct 2026.
Where are TRV's call wall and put wall?: On 28 Sep 2026, TRV's call wall is the 340 strike and its put wall is the 360 strike.
What was the desk's latest view of TRV on the Free plan?: On 25 Sep 2026 the desk's view of TRV was bearish, paper trading.
When does TRV report earnings next?: TRV reports next on 16 Oct 2026, and options priced an earnings move of 5.1 percent through 16 Oct 2026.

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