AXON Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $413.35 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.05

31k P / 30k C

Put/Call (Volume)

1.15

2k P / 2k C that session

30d ATM IV

53%

annualized implied move

Call wall

$600

6k contracts

Put wall

$400

3k contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $600 (6k contracts), 45% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $400 (3k contracts), 3% 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.

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 2026-10-30. 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
2026-10-09	851	692	0.81	700
2026-10-16	2k	2k	1.06	400
2026-10-23	256	1k	4.05	119
2026-10-30	571	1k	2.33	148
2026-11-06	56	296	5.29	76
2026-11-13	2	1	0.50	25
2026-11-20	730	910	1.25	157
2026-12-18	9k	4k	0.48	676
2027-01-15	7k	8k	1.22	332
2027-03-19	1k	2k	1.69	319
2027-06-17	338	1k	3.70	31
2027-09-17	167	250	1.50	86
2028-01-21	5k	7k	1.24	72
2029-01-19	119	105	0.88	30

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.