BCS Options Chain Analysis

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

Spot $23.55 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.68

27k P / 40k C

Put/Call (Volume)

1.83

394 P / 215 C that session

30d ATM IV

30%

annualized implied move

Call wall

$30

6k contracts

Put wall

$22

6k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.68 puts per call outstanding.
●Call wall at $30 (6k contracts), 27% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $22 (6k contracts), 7% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.0× 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 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	7k	4k	0.66	294
2026-11-20	1k	93	0.09	49
2026-12-18	2k	5k	2.17	138
2027-01-15	19k	13k	0.72	4
2027-03-19	2k	1k	0.70	16
2028-01-21	9k	2k	0.29	108
2029-01-19	20	2	0.10	0

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.