APP Options Chain Analysis

As of previous close (2026-10-16) · OPRA historical data

Spot $266.3 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.91

201k P / 221k C

Put/Call (Volume)

1.56

25k P / 16k C that session

30d ATM IV

82%

annualized implied move

Call wall

$400

13k contracts

Put wall

$200

25k contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $400 (13k contracts), 50% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (25k contracts), 25% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.5× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 82% — 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 2026-11-13. 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
2026-10-23	7k	7k	0.94	11k
2026-10-30	8k	9k	1.23	3k
2026-11-06	4k	6k	1.28	2k
2026-11-13	1k	2k	1.27	2k
2026-11-20	33k	40k	1.21	4k
2026-11-27	568	3k	4.59	1k
2026-12-18	24k	22k	0.91	1k
2027-01-15	38k	31k	0.81	1k
2027-02-19	9k	7k	0.84	1k
2027-03-19	9k	7k	0.72	381
2027-05-21	645	2k	3.24	51
2027-06-17	20k	21k	1.04	694
2027-09-17	601	1k	2.09	364
2028-01-21	15k	11k	0.78	194
2028-06-16	10k	4k	0.39	46
2028-09-15	103	55	0.53	26
2028-12-15	8k	5k	0.64	136
2029-01-19	1k	3k	1.72	74

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.