AMSC Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $32.1.

Put/Call (OI)

0.54

11k P / 20k C

Put/Call (Volume)

0.17

246 P / 1k C today

30d ATM IV

72%

annualized implied move

Call wall

$60

2k contracts

Put wall

$25

1k 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 $60 (2k contracts), 87% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $25 (1k contracts), 22% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.5× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 72% — the market prices very large moves; option premium is expensive.

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 today
2026-08-21	5k	5k	0.90	281
2026-09-18	1k	1k	1.08	1k
2026-10-16	5k	2k	0.43	115
2027-01-15	8k	3k	0.34	114
2028-01-21	2k	458	0.30	22

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.