ABEV Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $2.77.

Put/Call (OI)

0.31

10k P / 32k C

Put/Call (Volume)

0.00

0 P / 42 C today

30d ATM IV

41%

annualized implied move

Call wall

10k contracts

Put wall

3k contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.31 puts per call outstanding.
●Call wall at $3 (10k contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $2 (3k contracts), 28% below spot — the hedge floor; often acts as support.

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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	76	19	0.25	10
2026-09-18	2	27	13.50	5
2026-10-16	134	706	5.27	15
2027-01-15	31k	9k	0.28	12

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