BIP Options Chain Analysis

As of previous close (2026-11-05) · OPRA historical data

Spot $37.4 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.66

1k P / 2k C

Put/Call (Volume)

0.13

4 P / 32 C that session

30d ATM IV

26%

annualized implied move

Call wall

$40

903 contracts

Put wall

$35

760 contracts

Tail hedging

0.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.66 puts per call outstanding.
●Call wall at $40 (903 contracts), 7% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $35 (760 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 2026-12-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-11-20	188	164	0.87	17
2026-12-18	939	475	0.51	8
2027-01-15	0	0	—	0
2027-03-19	484	432	0.89	11
2027-06-17	78	46	0.59	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.