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Realty Income Corporation (O)

Overview · Option chain · Volatility · Expected-move history · Earnings

Price (delayed) 61.74 +0.39%
Expected moveThe size of the up-or-down move the options market is pricing for a stock by a given date, read from option prices (the at-the-money straddle). It is a market-implied estimate, not a forecast. · Sep 18 ±2.8%
Expected range 59.8363.33
IV30Implied volatility interpolated to a constant 30-day horizon from the expirations around it, so different stocks and dates can be compared fairly.14.9%
IV percentileWhere this IV30 ranks across all securities we cover today (a cross-sectional comparison, not the stock's own history). 3/universe
P/C volumePut volume (or open interest) divided by call volume (or open interest). A descriptive activity measure — it does not by itself say what traders expect.0.66
P/C open interest0.83
Next earnings Nov 02

Cboe delayed options data · as of 00:36 UTC · Figures derived from the full chain (340 contracts, 8 expirations) · IV own-history percentile appears after 60 recorded days (4 so far)

Expected move — Sep 18, 2026 (15 days)

Methodology →

Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.

59.8363.3361.58 current

Options are pricing a move of about ±2.8% (range 59.83–63.33) by Sep 18, 2026. ATM straddle: 1.75 @ strike 62.5 · ATM IV: 15.2%.

Probability distribution

Model & assumptions →

The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.

61.5859.8363.33
expected-move bandmodel density
Levelvs priceP(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction.P(below)
55.42 -10% 100.0% 0.0%
58.50 -5% 95.1% 4.9%
61.58 +0% 49.4% 50.6%
64.66 +5% 5.5% 94.5%
67.74 +10% 0.1% 99.9%

Model-estimated probabilities of finishing above/below each level at expiration — estimates under stated assumptions, not predictions.

Probability explorer

Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.

P(finish above)
P(finish below)
P(touch, approx.)

Horizon: Sep 18, 2026 · lognormal model, zero drift — an estimate, not a prediction. Assumptions

ExpiresDTEDays to expiration, in calendar days.Implied moveATM IVOpen int.
Sep 18, 2026 15 ±2.8% 15.2% 44.4K
Oct 16, 2026 43 ±4.4% 14.8% 8,758
Dec 18, 2026 106 ±6.8% 15.2% 26.4K
Jan 15, 2027 134 ±8.5% 17.1% 35.4K
Mar 19, 2027 197 ±10.4% 17.7% 4,547

Open interest by strike — Sep 18

Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.

47.5050.0052.5055.0057.5060.0062.5065.0067.5070.0072.5075.0061.58
callsputs

Largest open-interest concentrations (all expirations ≤ 60 days): 60 P · 9,59062.5 C · 9,17262.5 P · 8,36065 C · 7,10167.5 C · 3,456

IV term structure

Volatility page →

At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.

14%16%17%19%43d197d15d

When does open interest expire?

37%This month63%Later

Implied vs realized volatility

10.9%12.5%14.2%15.8%Aug 31Sep 03
IV30HV20

HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method

Price, last 60 sessions

Track record

Full history →

Every trading day we record what the options market is pricing for each expiration — before the outcome is known. Once expirations start resolving, this section compares expected versus actual, and the record is never rewritten. Recording since Aug 31, 2026.

Past earnings reactions

Nov 24-0.1%Feb 25-1.5%May 25-0.3%Aug 25+1.1%Nov 25-3.2%Feb 26-1.0%May 26-2.8%Aug 26-0.9%
implied (when recorded)actual reaction

Avg |reaction| 1.2% · median 0.9% (20 reports) — two-session close-to-close window; definition

About Realty Income Corporation

Known as "The Monthly Dividend Company," Realty Income is an S&P 500 corporation committed to delivering reliable monthly income to its shareholders. Operating as a Real Estate Investment Trust (REIT), its monthly payouts are generated from the consistent cash flow of over 6,500 commercial properties, which are leased to various businesses under long-term contracts. With a remarkable 52-year operational history, the firm (NYSE: O) has announced 608 uninterrupted monthly dividends for its common stock and has increased its dividend payout 109 times since going public in 1994. It also holds a distinguished position within the S&P 500 Dividend Aristocrats index. For additional details, please visit the company's official website at www.realtyincome.com.

Real Estate · REIT - Retail · NYSE · Profile: Financial Modeling Prep

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