ASYS Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-19. Spot $17.6.

Put/Call (OI)

0.20

944 P / 5k C

Put/Call (Volume)

0.39

82 P / 208 C today

30d ATM IV

87%

annualized implied move

Call wall

$20

1k contracts

Put wall

$15

323 contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.20 puts per call outstanding.
●Call wall at $20 (1k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $15 (323 contracts), 15% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 6.5× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 87% — 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	3k	357	0.12	10
2026-09-18	219	122	0.56	130
2026-11-20	1k	256	0.21	133
2027-02-19	298	209	0.70	17

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