Real Estate

W. P. Carey Inc. (WPC) options and signal

Figures as of 28 Sep 2026

WPC is W. P. Carey 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	68 of 100	28 Sep
At the money IV	22.3%	28 Sep
Priced move to 16 Oct	5.0% down, 5.0% up	28 Sep
Call wall and put wall	Both 70	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	65.82	28 Sep
Next report	27 Oct 2026	28 Sep

Options Snapshot

WPC's IV rank is 68 of 100 on 28 Sep 2026.

Figure	Value
IV rank	68 of 100
At the money IV	22.3%, near month, 18 days
Put/call ratio, open interest	0.34
Call open interest, strikes captured near the price	11,200 contracts
Put open interest, strikes captured near the price	3,850 contracts
Cost to trade at the money	Fair, 39.1% of the option's mid price

IV rank is where the at the money IV sits among WPC'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, WPC options priced a move of 5.0 percent down and 5.0 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	5.0%	5.0%	62.55 to 69.09
20 Nov 2026	53	7.8%	6.7%	60.71 to 70.22
15 Jan 2027	109	11.7%	10.1%	58.10 to 72.47
16 Apr 2027	200	14.7%	12.7%	56.16 to 74.17

The range is one standard deviation either side of the close of 65.82, 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, WPC's call wall and put wall are both at the 70 strike.

Figure	Value
Call wall, most open call gamma	70
Put wall, most open put gamma	70
Flip strike, where net gamma changes sign	61.05
Net dollar gamma, calls minus puts	$844,235
Total dollar gamma, both sides	$2.49 million
Close	65.82

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.

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Volatility History

On 28 Sep 2026, WPC's at the money IV is 22.3 percent against 20 day realized volatility of 12.1 percent.

Figure	Value
At the money IV	22.3%
Realized volatility, 20 trading days	12.1%
Realized volatility, 60 trading days	15.8%
IV against its own weekly record	In the middle
Weekly readings on record	640, from 19 Oct 2012
Weeks the price moved more than the one week priced move	24.9% of 225 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, WPC's at the money IV runs from 22.3 percent at 18 days to 19.8 percent at 200 days.

Days to expiry	At the money IV
18	22.3%
53	20.4%
109	21.5%
200	19.8%

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.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, WPC's IV ten percent below the price sits 6.4 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	26.8%	+6.4 points
At the money	20.4%	0.0 points
10% above the price	22.4%	+2.0 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, WPC's surface spans 4 expiries out to 200 days, with IV from 19.8 to 35.2 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	12
Lowest IV among them	19.8%
Highest IV among them	35.2%

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, WPC 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	22.3%	3,763	2,634
20 Nov 2026	53	20.4%	294	83
15 Jan 2027	109	21.5%	5,807	898
16 Apr 2027	200	19.8%	1,343	238

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, WPC's largest open interest sits at the 70 strike, with 5,126 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
70	2,805	2,321	5,126
75	4,051	31	4,082
65	1,502	935	2,437
80	1,345	8	1,353
85	1,241	0	1,241
60	243	495	738

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, WPC's at the money IV moved from 22.3 percent to 22.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	22.3%	22.3%	+0.1 points
Open interest, strikes captured near the price	15,017	15,060	+43
Put/call ratio, open interest	0.35	0.34	-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, 469 WPC option contracts traded, 0.4 times its own recent average.

Figure	Value
Calls traded	230
Puts traded	239
Against its recent average	0.4 times
Open interest, whole chain	15,983 contracts
Volume to open interest	0.03
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 13 trading days of WPC's option positioning, from 18 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
18 Aug 2026	71.04	$1.31 million	75	70
27 Aug 2026	70.38	$1.28 million	75	70
28 Sep 2026	65.82	$844,235	70	70

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 WPC was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	67.24, the swing high of 22 Sep 2026
Level below the close	65.42, the swing low of 25 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.

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Rank by Timeframe

On 25 Sep 2026 WPC sat at the 75th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	7 of 100	Bearish
20 trading days	11 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.

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Timeframe Agreement

On 25 Sep 2026 WPC'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.

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Signal History

On 25 Sep 2026 WPC 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	72 of 100
23 Sep 2026	None	77 of 100
22 Sep 2026	None	71 of 100
21 Sep 2026	None	58 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

WPC closed at 65.82 on 28 Sep 2026.

Figure	Value
Last close	65.82
Change over 5 trading days	-0.6%
Change over 21 trading days	-6.5%
Change over 63 trading days	-10.4%
Change over 252 trading days	-2.3%
52 week high	77.22
52 week low	63.08
20 day moving average	68.24
50 day moving average	70.91
200 day moving average	71.03
RSI, 14 days	26

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

WPC reports next on 27 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	27 Oct 2026, after the close
Date	Confirmed by the company
Move after the report of 28 Jul 2026	-1.2%
Move after the report of 29 Apr 2026	+1.2%
Move after the report of 27 Jan 2026	-1.9%
Move after the report of 29 Apr 2025	+2.1%

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

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Seasonality

In the 23 Septembers on record, WPC's average change was minus 3.4 percent, and it rose in 34.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-3.4%	-2.1%	34.8%	23
October	+2.1%	+2.9%	65.2%	23
November	0.0%	-1.0%	43.5%	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 3 headlines naming WPC in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	3
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 WPC's IV rank?: WPC's IV rank is 68 of 100 on 28 Sep 2026.
What move are WPC options pricing?: On 28 Sep 2026, WPC options priced a move of 5.0 percent down and 5.0 percent up by 16 Oct 2026.
Where are WPC's call wall and put wall?: On 28 Sep 2026, WPC's call wall and put wall are both at the 70 strike.
What was the desk's latest view of WPC on the Free plan?: On 25 Sep 2026 the desk's view of WPC was bullish, paper trading.
When does WPC report earnings next?: WPC reports next on 27 Oct 2026, a date confirmed by the company.

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