ADM Options Chain Analysis

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

Spot $80.45 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.55

31k P / 56k C

Put/Call (Volume)

1.82

2k P / 870 C that session

30d ATM IV

30%

annualized implied move

Call wall

$90

7k contracts

Put wall

$80

5k contracts

Tail hedging

0.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.55 puts per call outstanding.
●Call wall at $90 (7k contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $80 (5k contracts), 1% 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 2026-10-16. 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
2026-10-16	11k	8k	0.75	829
2026-11-20	4k	1k	0.33	277
2026-12-18	9k	3k	0.34	115
2027-01-15	17k	12k	0.67	1k
2027-03-19	4k	2k	0.54	30
2027-06-17	2k	1k	0.53	14
2027-09-17	350	181	0.52	4
2028-01-21	9k	3k	0.36	13
2029-01-19	286	52	0.18	2

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.