ASTS Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $71.13.

Put/Call (OI)

0.46

366k P / 790k C

Put/Call (Volume)

0.51

33k P / 64k C today

30d ATM IV

79%

annualized implied move

Call wall

$100

86k contracts

Put wall

$60

37k contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.46 puts per call outstanding.
●Call wall at $100 (86k contracts), 41% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $60 (37k contracts), 16% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.9× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 79% — 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 2026-09-18. 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	140k	79k	0.56	56k
2026-08-28	23k	10k	0.45	8k
2026-09-04	5k	4k	0.90	6k
2026-09-11	3k	5k	1.50	1k
2026-09-18	125k	40k	0.32	8k
2026-09-25	2k	2k	0.89	2k
2026-10-02	83	412	4.96	684
2026-10-16	53k	44k	0.83	4k
2026-11-20	47k	16k	0.35	2k
2027-01-15	152k	56k	0.37	4k
2027-02-19	8k	2k	0.30	485
2027-03-19	51k	17k	0.33	2k
2027-12-17	54k	26k	0.48	1k
2028-01-21	92k	36k	0.40	1k
2028-03-17	25k	21k	0.85	201
2028-12-15	8k	6k	0.77	642

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