Consumer Discretionary

Yum! Brands Inc (YUM) options and signal

Figures as of 28 Sep 2026

YUM is Yum! Brands Inc, a Consumer Discretionary 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	89 of 100	28 Sep
At the money IV	30.2%	28 Sep
Priced move to 16 Oct	6.7% down, 7.0% up	28 Sep
Call wall and put wall	160 and 135	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	138.28	28 Sep
Next report	3 Nov 2026	28 Sep

Options Snapshot

YUM's IV rank is 89 of 100 on 28 Sep 2026.

Figure	Value
IV rank	89 of 100
At the money IV	30.2%, near month, 18 days
Put/call ratio, open interest	0.44
Call open interest, strikes captured near the price	13,800 contracts
Put open interest, strikes captured near the price	6,060 contracts
Cost to trade at the money	Fair, 24.8% of the option's mid price

IV rank is where the at the money IV sits among YUM'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, YUM options priced a move of 6.7 percent down and 7.0 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	6.7%	7.0%	128.95 to 147.94
20 Nov 2026	53	15.4%	12.7%	116.98 to 155.88
18 Dec 2026	81	14.2%	14.1%	118.68 to 157.78
15 Jan 2027	109	15.6%	16.9%	116.68 to 161.68
19 Mar 2027	172	19.2%	20.6%	111.68 to 166.78
16 Apr 2027	200	20.7%	21.6%	109.68 to 168.18

The range is one standard deviation either side of the close of 138.28, 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, YUM's call wall is the 160 strike and its put wall is the 135 strike.

Figure	Value
Call wall, most open call gamma	160
Put wall, most open put gamma	135
Flip strike, where net gamma changes sign	144.58
Net dollar gamma, calls minus puts	$322,108
Total dollar gamma, both sides	$5.29 million
Close	138.28

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.

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, YUM's at the money IV is 30.2 percent against 20 day realized volatility of 28.0 percent.

Figure	Value
At the money IV	30.2%
Realized volatility, 20 trading days	28.0%
Realized volatility, 60 trading days	30.0%
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	29.0% 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, YUM's at the money IV runs from 30.2 percent at 18 days to 29.2 percent at 200 days.

Days to expiry	At the money IV
18	30.2%
53	32.9%
81	30.2%
109	30.3%
172	29.1%
200	29.2%

Near and far expiries price about the same volatility, a flat 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, YUM's IV ten percent below the price sits 0.4 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	33.2%	+0.4 points
At the money	32.9%	0.0 points
10% above the price	29.9%	-2.9 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, YUM's surface spans 6 expiries out to 200 days, with IV from 26.3 to 64.2 percent near the price.

Figure	Value
Expiries captured	6
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	33
Lowest IV among them	26.3%
Highest IV among them	64.2%

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, YUM has 6 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	30.2%	2,030	1,869
20 Nov 2026	53	32.9%	247	103
18 Dec 2026	81	30.2%	3,098	1,317
15 Jan 2027	109	30.3%	6,848	2,533
19 Mar 2027	172	29.1%	1,536	237
16 Apr 2027	200	29.2%	6	6

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, YUM's largest open interest sits at the 160 strike, with 3,728 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
160	3,584	144	3,728
165	2,229	0	2,229
135	53	2,040	2,093
195	1,506	0	1,506
180	1,382	0	1,382
150	834	434	1,268

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, YUM's at the money IV moved from 29.2 percent to 30.2 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	29.2%	30.2%	+1.0 points
Open interest, strikes captured near the price	19,767	19,830	+63
Put/call ratio, open interest	0.42	0.44	+0.02

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, 1,278 YUM option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	622
Puts traded	656
Against its recent average	0.8 times
Busier than	2 of its last 20 trading days
Open interest, whole chain	21,769 contracts
Volume to open interest	0.06
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 YUM'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	144.75	minus $1.5 million	160	145
21 Sep 2026	139.33	$89,783	160	135
28 Sep 2026	138.28	$322,108	160	135

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 YUM was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	141.22, the swing high of 23 Sep 2026
Level below the close	134.26, the swing low of 18 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 YUM sat at the 73rd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	9 of 100	Bearish
20 trading days	56 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 YUM'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	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.

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Signal History

On 25 Sep 2026 YUM 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	90 of 100
23 Sep 2026	None	70 of 100
22 Sep 2026	None	84 of 100
21 Sep 2026	None	12 of 100
18 Sep 2026	None	24 of 100
17 Sep 2026	None	15 of 100
16 Sep 2026	None	29 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, 27 of 106 Consumer Discretionary names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Consumer Discretionary	106	27	33	46

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

YUM closed at 138.28 on 28 Sep 2026.

Figure	Value
Last close	138.28
Change over 5 trading days	-0.8%
Change over 21 trading days	-8.3%
Change over 63 trading days	-12.6%
Change over 252 trading days	-8.1%
52 week high	170.14
52 week low	134.26
20 day moving average	143.60
50 day moving average	147.52
200 day moving average	154.22
RSI, 14 days	40

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

YUM reports next on 3 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	3 Nov 2026, before the open
Date	Confirmed by the company
Move after the report of 30 Jul 2026	+3.3%
Move after the report of 30 Apr 2026	-0.8%
Move after the report of 28 Jan 2026	+1.0%
Move after the report of 30 Apr 2025	+1.9%

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

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Short Volume

On 25 Sep 2026, 62.8 percent of YUM's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	62.8%
Five day average	61.3%
52 week median	61.6%

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, YUM's average change was minus 0.1 percent, and it rose in 52.2 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.1%	+0.1%	52.2%	23
October	+1.5%	+1.1%	52.2%	23
November	+3.4%	+2.9%	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.

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Headlines

The desk's news feeds carried 8 headlines naming YUM in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	8
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 YUM's IV rank?: YUM's IV rank is 89 of 100 on 28 Sep 2026.
What move are YUM options pricing?: On 28 Sep 2026, YUM options priced a move of 6.7 percent down and 7.0 percent up by 16 Oct 2026.
Where are YUM's call wall and put wall?: On 28 Sep 2026, YUM's call wall is the 160 strike and its put wall is the 135 strike.
What was the desk's latest view of YUM on the Free plan?: On 25 Sep 2026 the desk's view of YUM was bullish, paper trading.
When does YUM report earnings next?: YUM reports next on 3 Nov 2026, a date confirmed by the company.

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