노퍽 서던 코퍼레이션
US ˙ NYSE ˙ US6558441084

SecurityNSC / Norfolk Southern Corporation
InstitutionIMC-Chicago, LLC
IMC-Chicago, LLC ownership in NSC / Norfolk Southern Corporation

IMC-Chicago, LLC has a history of taking positions in derivatives of the underlying security (NSC) in the form of stock options. The firm currently holds call options representing 5,500 of underlying shares valued at $1,578,500 USD and put options representing 4,700 of underlying shares valued at $1,348,900 USD .

Note: prior versions of this page mistakenly stated that the share values represented the number of options, not the number of underlying shares. For more information on the data backing these reports, please see the SEC document Frequently Asked Questions About Form 13F.

Institutional Put/Call Ratios
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In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under management must also disclose their put and call option holdings. Since put options generally indicate negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots the historical put/call ratio for this instrument.

Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of using total institutional ownership, which is that a significant amount of assets under management are invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call ratio indicator more closely tracks the sentiment of actively-managed funds.

NSC / Norfolk Southern Corporation Historical Put/Call Ratio
Disclosed Call Options
File
Date		 Effective
Date		Form Security Class ID Opt Avg Share
Price		 Shares ΔShares
(%)		 Value
(x1000)		 ΔValue
(%)		 Prior Allocation
(%)		 Allocation
(%)		 ΔAllocation
(%)		 Cost Basis
(x1000)		 Profit
(x1000)		 Return
(%)
2026-05-05 2026-03-31 13F NORFOLK SOUTHN COM Call 5,500 -70.90 1,578 -71.08 n/a n/a n/a
2026-01-29 2025-12-31 13F NORFOLK SOUTHN COM Call 18,900 -38.24 5,457 -40.64 n/a n/a n/a
2025-11-04 2025-09-30 13F NORFOLK SOUTHN COM Call 30,600 1.32 9,193 18.91 n/a n/a n/a
2025-07-22 2025-06-30 13F NORFOLK SOUTHN COM Call 30,200 -22.76 7,730 -16.52 n/a n/a n/a
2025-04-14 2025-03-31 13F NORFOLK SOUTHN COM Call 39,100 -20.37 9,261 -19.64 n/a n/a n/a
2025-01-27 2024-12-31 13F NORFOLK SOUTHN COM Call 49,100 32.70 11,524 25.33 n/a n/a n/a
2024-10-25 2024-09-30 13F NORFOLK SOUTHN COM Call 37,000 -21.78 9,194 -9.45 n/a n/a n/a
2024-07-15 2024-06-30 13F NORFOLK SOUTHN COM Call 47,300 342.06 10,155 272.35 n/a n/a n/a
2024-04-12 2024-03-31 13F NORFOLK SOUTHN COM Call 10,700 -36.31 2,727 -31.33 n/a n/a n/a
2024-02-09 2023-12-31 13F NORFOLK SOUTHN COM Call 16,800 3,971 n/a n/a n/a
2023-10-12 2023-09-30 13F NORFOLK SOUTHN COM Call 0 -100.00 0 -100.00 n/a n/a n/a
2023-07-14 2023-06-30 13F NORFOLK SOUTHN COM Call 14,700 -8.70 3,333 -2.34 n/a n/a n/a
2023-04-24 2023-03-31 13F NORFOLK SOUTHN COM Call 16,100 3,413 n/a n/a n/a
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM Call 0 -100.00 0 -100.00 n/a n/a n/a
2019-04-24 2018-12-31 13F NORFOLK SOUTHERN COM Call 4,200 628 n/a n/a n/a
Disclosed Put Options
File
Date		 Effective
Date		Form Security Class ID Opt Avg Share Price Shares ΔShares
(%)		 Value
(x1000)		 ΔValue
(%)		 Prior Allocation
(%)		 Allocation
(%)		 ΔAllocation
(%)		 Cost Basis
(x1000)		 Profit
(x1000)		 Return
(%)
2026-05-05 2026-03-31 13F NORFOLK SOUTHN COM Put 4,700 -58.04 1,349 -58.30 n/a n/a n/a
2026-01-29 2025-12-31 13F NORFOLK SOUTHN COM Put 11,200 -85.91 3,234 -86.46 n/a n/a n/a
2025-11-04 2025-09-30 13F NORFOLK SOUTHN COM Put 79,500 309.79 23,883 381.01 n/a n/a n/a
2025-07-22 2025-06-30 13F NORFOLK SOUTHN COM Put 19,400 -6.73 4,966 0.79 n/a n/a n/a
2025-04-14 2025-03-31 13F NORFOLK SOUTHN COM Put 20,800 -28.77 4,926 -28.12 n/a n/a n/a
2025-01-27 2024-12-31 13F NORFOLK SOUTHN COM Put 29,200 72.78 6,853 63.21 n/a n/a n/a
2024-10-25 2024-09-30 13F NORFOLK SOUTHN COM Put 16,900 -47.19 4,200 -38.88 n/a n/a n/a
2024-07-15 2024-06-30 13F NORFOLK SOUTHN COM Put 32,000 178.26 6,870 134.39 n/a n/a n/a
2024-04-12 2024-03-31 13F NORFOLK SOUTHN COM Put 11,500 -27.67 2,931 -22.01 n/a n/a n/a
2024-02-09 2023-12-31 13F NORFOLK SOUTHN COM Put 15,900 3,758 n/a n/a n/a
2023-10-12 2023-09-30 13F NORFOLK SOUTHN COM Put 0 -100.00 0 -100.00 n/a n/a n/a
2023-07-14 2023-06-30 13F NORFOLK SOUTHN COM Put 11,300 -50.00 2,562 -46.52 n/a n/a n/a
2023-04-24 2023-03-31 13F NORFOLK SOUTHN COM Put 22,600 4,791 n/a n/a n/a
2019-05-15 2019-03-31 13F NORFOLK SOUTHERN COM Put 0 -100.00 0 -100.00 n/a n/a n/a
2019-04-24 2018-12-31 13F NORFOLK SOUTHERN COM Put 2,700 404 n/a n/a n/a
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.