APO Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $114.02 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.01

167k P / 165k C

Put/Call (Volume)

17.34

39k P / 2k C that session

30d ATM IV

41%

annualized implied move

Call wall

$250

26k contracts

Put wall

$110

25k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $250 (26k contracts), 119% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $110 (25k contracts), 4% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.8× 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 2026-10-30. 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 that session
2026-10-09	970	441	0.45	214
2026-10-16	9k	55k	5.86	36k
2026-10-23	279	163	0.58	50
2026-10-30	1k	531	0.41	108
2026-11-06	374	353	0.94	8
2026-11-13	0	1	—	1
2026-11-20	6k	5k	0.79	2k
2026-12-18	11k	10k	0.90	305
2027-01-15	104k	62k	0.60	423
2027-02-19	7k	807	0.12	71
2027-03-19	5k	8k	1.61	14
2027-06-17	2k	4k	1.61	58
2027-09-17	409	792	1.94	266
2028-01-21	16k	15k	0.96	90
2028-12-15	145	524	3.61	0
2029-01-19	325	636	1.96	0

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.