AMRZ Options Chain Analysis

As of previous close (2026-09-02) · OPRA historical data

Spot $42.73 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.25

20k P / 16k C

Put/Call (Volume)

5.76

4k P / 609 C that session

30d ATM IV

19%

annualized implied move

Call wall

$69.56

4k contracts

Put wall

$42.5

3k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.25 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $69.56 (4k contracts), 63% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $42.5 (3k contracts), 1% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 15.9× 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-09-18	1k	1k	0.86	30
2026-10-16	5k	5k	1.07	166
2026-11-20	574	2k	3.18	31
2027-01-15	6k	8k	1.41	159
2027-04-16	14	69	4.93	1k
2027-06-17	29	1k	50.31	1k
2028-01-21	3k	2k	0.57	2k

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.