BCH Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-27. Spot $41.6.

Put/Call (OI)

0.10

18 P / 180 C

Put/Call (Volume)

—

0 P / 0 C today

30d ATM IV

40%

annualized implied move

Call wall

$45

141 contracts

Put wall

$35

9 contracts

Tail hedging

1.6×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.10 puts per call outstanding.
●Call wall at $45 (141 contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $35 (9 contracts), 16% 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C
2026-09-18	12	4	0.33
2026-10-16	19	7	0.37
2027-01-15	139	6	0.04
2027-04-16	10	1	0.10

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