ABNB Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $179.29.

Put/Call (OI)

0.93

117k P / 126k C

Put/Call (Volume)

0.85

11k P / 13k C today

30d ATM IV

29%

annualized implied move

Call wall

$200

9k contracts

Put wall

$120

13k contracts

Tail hedging

4.5×

deep-OTM puts vs calls

What the positioning says

●Call wall at $200 (9k contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $120 (13k contracts), 33% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 4.5× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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
2026-08-21	25k	13k	0.54	10k
2026-08-28	3k	3k	0.83	2k
2026-09-04	632	1k	1.79	195
2026-09-11	625	472	0.76	155
2026-09-18	19k	17k	0.88	3k
2026-09-25	440	304	0.69	187
2026-10-02	11	36	3.27	99
2026-10-16	7k	5k	0.64	1k
2026-11-20	276	229	0.83	452
2026-12-18	13k	18k	1.41	662
2027-01-15	38k	37k	0.97	5k
2027-03-19	3k	3k	0.98	162
2027-06-17	5k	9k	1.63	837
2027-12-17	5k	5k	0.88	277
2028-01-21	6k	6k	1.11	226

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