AJG Options Chain Analysis

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

Spot $226.11 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.42

5k P / 11k C

Put/Call (Volume)

0.79

138 P / 175 C that session

30d ATM IV

32%

annualized implied move

Call wall

$250

2k contracts

Put wall

$175

520 contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.42 puts per call outstanding.
●Call wall at $250 (2k contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $175 (520 contracts), 23% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 6.4× deep-OTM put OI — speculative upside positioning dominates the tails.

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	6k	2k	0.35	113
2026-11-20	1k	2k	1.68	128
2026-12-18	2k	671	0.27	36
2027-01-15	2k	490	0.28	25
2027-04-16	653	66	0.10	11

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.