BABA Options Chain Analysis

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

Spot $105.87 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.54

718k P / 1.3M C

Put/Call (Volume)

0.36

42k P / 118k C that session

30d ATM IV

37%

annualized implied move

Call wall

$160

138k contracts

Put wall

$100

97k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.54 puts per call outstanding.
●Call wall at $160 (138k contracts), 51% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $100 (97k contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 4.7× 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	34k	17k	0.52	30k
2026-10-16	281k	72k	0.26	27k
2026-10-23	11k	5k	0.49	2k
2026-10-30	10k	6k	0.62	3k
2026-11-06	1k	786	0.55	829
2026-11-13	183	11	0.06	594
2026-11-20	158k	51k	0.32	31k
2026-12-18	192k	137k	0.71	13k
2027-01-15	219k	191k	0.87	11k
2027-02-19	8k	5k	0.63	1k
2027-03-19	55k	67k	1.20	2k
2027-04-16	3k	5k	1.98	320
2027-06-17	50k	39k	0.78	2k
2027-09-17	6k	4k	0.75	338
2027-12-17	63k	17k	0.27	1k
2028-01-21	115k	31k	0.27	2k
2028-06-16	12k	6k	0.50	43
2028-12-15	63k	40k	0.63	2k
2029-01-19	2k	1k	0.52	1k

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.