AEP Options Chain Analysis

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

Spot $119.57 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.54

17k P / 31k C

Put/Call (Volume)

0.63

279 P / 444 C that session

30d ATM IV

19%

annualized implied move

Call wall

$130

7k contracts

Put wall

$115

5k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.54 puts per call outstanding.
●Call wall at $130 (7k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $115 (5k contracts), 4% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.7× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 19% — calm pricing; option premium is cheap.

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	4k	6k	1.47	245
2026-11-20	6k	1k	0.22	181
2026-12-18	4k	2k	0.50	76
2027-01-15	12k	5k	0.44	48
2027-02-19	227	113	0.50	1
2027-03-19	1k	572	0.44	70
2027-05-21	9	52	5.78	7
2027-06-17	701	864	1.23	72
2027-09-17	108	60	0.56	0
2028-01-21	3k	824	0.24	3
2029-01-19	149	152	1.02	20

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.