AAPL Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-19. Spot $310.22.

Put/Call (OI)

0.71

2.0M P / 2.9M C

Put/Call (Volume)

0.42

319k P / 765k C today

30d ATM IV

24%

annualized implied move

Call wall

$350

173k contracts

Put wall

$300

135k contracts

Tail hedging

1.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $350 (173k contracts), 13% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $300 (135k contracts), 3% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 24% — calm pricing; option premium is cheap.

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 2026-09-18. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-19	35k	20k	0.56	544k
2026-08-21	426k	315k	0.74	276k
2026-08-24	7k	4k	0.58	17k
2026-08-26	2k	834	0.38	5k
2026-08-28	66k	29k	0.44	53k
2026-08-31	475	610	1.28	4k
2026-09-02	0	0	—	798
2026-09-04	39k	14k	0.36	18k
2026-09-11	27k	10k	0.37	13k
2026-09-18	390k	293k	0.75	60k
2026-09-25	8k	5k	0.62	5k
2026-10-02	2k	1k	0.64	2k
2026-10-16	276k	148k	0.53	27k
2026-11-20	173k	107k	0.62	16k
2026-12-18	298k	247k	0.83	11k
2027-01-15	535k	422k	0.79	16k
2027-02-19	39k	28k	0.71	4k
2027-03-19	69k	52k	0.75	2k
2027-06-17	144k	117k	0.81	4k
2027-09-17	36k	17k	0.47	2k
2027-12-17	98k	83k	0.84	707
2028-01-21	105k	74k	0.70	1k
2028-03-17	26k	15k	0.59	281
2028-12-15	77k	41k	0.53	1k

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.