AMT Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $172.23.

Put/Call (OI)

0.79

23k P / 28k C

Put/Call (Volume)

2.22

910 P / 410 C today

30d ATM IV

28%

annualized implied move

Call wall

$210

6k contracts

Put wall

$170

5k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Call wall at $210 (6k contracts), 22% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $170 (5k contracts), 1% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.2× 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 2026-09-18. 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 today
2026-08-21	6k	5k	0.94	185
2026-09-18	5k	4k	0.82	731
2026-10-16	3k	2k	0.74	99
2026-11-20	73	37	0.51	13
2026-12-18	2k	2k	0.77	38
2027-01-15	9k	7k	0.75	31
2027-03-19	1k	843	0.60	6
2027-06-17	264	411	1.56	102
2027-10-15	239	109	0.46	101
2028-01-21	2k	966	0.62	11
2028-04-21	39	74	1.90	3

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