AVB Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $184.06.

Put/Call (OI)

0.65

2k P / 3k C

Put/Call (Volume)

—

0 P / 0 C today

30d ATM IV

—

annualized implied move

Call wall

$200

2k contracts

Put wall

$170

404 contracts

Tail hedging

5.4×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.65 puts per call outstanding.
●Call wall at $200 (2k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $170 (404 contracts), 8% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 5.4× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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. 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
2026-08-21	2k	248	0.13
2026-09-18	248	58	0.23
2026-10-16	616	1k	2.16
2027-01-15	218	272	1.25

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