BBY Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $85.44.

Put/Call (OI)

1.03

57k P / 55k C

Put/Call (Volume)

0.84

3k P / 4k C today

30d ATM IV

45%

annualized implied move

Call wall

$95

7k contracts

Put wall

$80

10k contracts

Tail hedging

1.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $95 (7k contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $80 (10k contracts), 6% below spot — the hedge floor; often acts as support.

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	11k	14k	1.23	5k
2026-08-28	2k	1k	0.65	330
2026-09-04	310	138	0.45	79
2026-09-11	154	70	0.45	20
2026-09-18	10k	11k	1.03	1k
2026-09-25	35	49	1.40	44
2026-10-02	0	0	—	1
2026-10-16	2k	2k	0.84	64
2026-12-18	6k	6k	0.90	651
2027-01-15	14k	9k	0.65	23
2027-03-19	4k	4k	1.13	101
2027-06-17	666	528	0.79	31
2028-01-21	4k	9k	2.29	28

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