Delayed CBOE data, snapshot 2026-08-18. Spot $61.18.
Put/Call (OI)
0.77
69k P / 90k C
Put/Call (Volume)
0.92
4k P / 4k C today
30d ATM IV
71%
annualized implied move
Call wall
$70
10k contracts
Put wall
$35
7k contracts
Tail hedging
0.9×
deep-OTM puts vs calls
All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.
At-the-money implied volatility per expiry.
IV by strike — expiry 2026-09-18. A steep left side = expensive downside protection.
| Expiry | Call OI | Put OI | P/C | Volume today |
|---|---|---|---|---|
| 2026-08-21 | 29k | 32k | 1.11 | 3k |
| 2026-08-28 | 605 | 513 | 0.85 | 1k |
| 2026-09-04 | 594 | 3k | 4.79 | 574 |
| 2026-09-11 | 163 | 194 | 1.19 | 265 |
| 2026-09-18 | 15k | 9k | 0.61 | 2k |
| 2026-09-25 | 142 | 195 | 1.37 | 138 |
| 2026-10-02 | 160 | 13 | 0.08 | 220 |
| 2026-12-18 | 8k | 13k | 1.56 | 431 |
| 2027-01-15 | 19k | 6k | 0.32 | 365 |
| 2027-03-19 | 4k | 2k | 0.51 | 176 |
| 2028-01-21 | 11k | 3k | 0.23 | 185 |
| 2028-12-15 | 2k | 493 | 0.21 | 73 |
Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.