AEM Options Chain Analysis

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

Spot $183.68 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.68

61k P / 89k C

Put/Call (Volume)

0.36

1k P / 4k C that session

30d ATM IV

43%

annualized implied move

Call wall

$200

11k contracts

Put wall

$120

5k contracts

Tail hedging

0.8×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.68 puts per call outstanding.
●Call wall at $200 (11k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $120 (5k contracts), 35% 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	664	467	0.70	361
2026-10-16	13k	12k	0.92	2k
2026-10-23	485	229	0.47	33
2026-10-30	843	201	0.24	70
2026-11-06	71	73	1.03	15
2026-11-13	1	2	2.00	21
2026-11-20	9k	6k	0.61	509
2026-12-18	8k	7k	0.93	369
2027-01-15	20k	13k	0.65	251
2027-02-19	2k	1k	0.61	75
2027-03-19	3k	2k	0.60	867
2027-05-21	22	98	4.45	10
2027-06-17	11k	10k	0.89	102
2027-09-17	337	153	0.45	4
2028-01-21	17k	7k	0.44	95
2029-01-19	607	158	0.26	22

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.