AS Options Chain Analysis

As of previous close (2026-09-18) · OPRA historical data

Spot $27.08 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.32

81k P / 256k C

Put/Call (Volume)

0.91

5k P / 5k C that session

30d ATM IV

42%

annualized implied move

Call wall

$40

51k contracts

Put wall

$25

23k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.32 puts per call outstanding.
●Call wall at $40 (51k contracts), 48% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $25 (23k contracts), 8% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 9.6× 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 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-09-25	4k	530	0.13	298
2026-10-02	4k	350	0.08	152
2026-10-09	46	90	1.96	271
2026-10-16	43k	25k	0.59	1k
2026-10-23	223	20	0.09	7
2026-10-30	28	28	1.00	13
2026-11-20	118	222	1.88	4k
2026-12-18	50k	8k	0.15	718
2027-01-15	7k	10k	1.38	634
2027-03-19	461	11k	23.00	174
2028-01-21	1k	923	0.62	42
2029-01-19	50	20	0.40	44

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.