AFRM Options Chain Analysis

As of previous close (2026-10-01) · OPRA historical data

Spot $70.48 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.13

133k P / 118k C

Put/Call (Volume)

0.40

5k P / 11k C that session

30d ATM IV

53%

annualized implied move

Call wall

$80

13k contracts

Put wall

$55

11k contracts

Tail hedging

1.3×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.13 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $80 (13k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $55 (11k contracts), 22% 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
2026-10-02	15k	6k	0.42	7k
2026-10-09	3k	3k	0.98	2k
2026-10-16	19k	14k	0.72	5k
2026-10-23	883	1k	1.60	106
2026-10-30	2k	775	0.48	287
2026-11-06	60	154	2.57	113
2026-11-13	0	0	—	184
2026-11-20	13k	17k	1.32	1k
2026-12-18	20k	23k	1.18	331
2027-01-15	28k	32k	1.17	459
2027-02-19	2k	2k	0.79	8
2027-03-19	5k	11k	2.49	49
2027-05-21	294	758	2.58	9
2028-01-21	10k	21k	2.15	112
2029-01-19	186	41	0.22	17

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.