ADI Options Chain Analysis

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

Spot $417.15 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.50

39k P / 79k C

Put/Call (Volume)

0.68

5k P / 7k C that session

30d ATM IV

38%

annualized implied move

Call wall

$420

14k contracts

Put wall

$370

3k contracts

Tail hedging

1.4×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.50 puts per call outstanding.
●Call wall at $420 (14k contracts), 1% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $370 (3k contracts), 11% 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 2026-10-30. 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 that session
2026-10-09	3k	616	0.20	5k
2026-10-16	3k	1k	0.43	1k
2026-10-23	790	358	0.45	163
2026-10-30	414	258	0.62	115
2026-11-06	20	94	4.70	58
2026-11-13	0	0	—	8
2026-11-20	3k	2k	0.69	456
2026-12-18	31k	7k	0.24	2k
2027-01-15	17k	11k	0.63	1k
2027-03-19	3k	3k	1.05	331
2027-06-17	6k	3k	0.56	87
2027-09-17	827	311	0.38	50
2028-01-21	5k	2k	0.44	21
2029-01-19	430	265	0.62	13

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.