AMX Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $23.68.

Put/Call (OI)

0.50

510 P / 1k C

Put/Call (Volume)

2.38

19 P / 8 C today

30d ATM IV

23%

annualized implied move

Call wall

$27

530 contracts

Put wall

$18

103 contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.50 puts per call outstanding.
●Call wall at $27 (530 contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $18 (103 contracts), 24% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 6.3× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 23% — 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 today
2026-08-21	627	352	0.56	3
2026-09-18	95	24	0.25	20
2026-11-20	253	129	0.51	4
2027-02-19	50	5	0.10	0

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