AAOI Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $114.77 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.88

164k P / 186k C

Put/Call (Volume)

0.30

20k P / 65k C that session

30d ATM IV

88%

annualized implied move

Call wall

$120

11k contracts

Put wall

$50

16k contracts

Tail hedging

1.6×

deep-OTM puts vs calls

What the positioning says

●Call wall at $120 (11k contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (16k contracts), 56% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 88% — the market prices very large moves; option premium is expensive.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	12k	8k	0.65	23k
2026-10-16	24k	14k	0.59	14k
2026-10-23	3k	3k	1.26	2k
2026-10-30	3k	4k	1.34	4k
2026-11-06	687	986	1.44	1k
2026-11-13	6	33	5.50	219
2026-11-20	7k	7k	0.95	2k
2026-12-18	27k	15k	0.57	2k
2027-01-15	36k	48k	1.31	1k
2027-03-19	5k	6k	1.14	519
2027-06-17	11k	24k	2.25	749
2028-01-21	19k	15k	0.78	340
2028-06-16	8k	3k	0.41	162
2029-01-19	501	331	0.66	87

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.