BKR Options Chain Analysis

As of previous close (2026-10-16) · OPRA historical data

Spot $55.7 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.59

24k P / 41k C

Put/Call (Volume)

0.22

247 P / 1k C that session

30d ATM IV

37%

annualized implied move

Call wall

$60

9k contracts

Put wall

$55

5k contracts

Tail hedging

0.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.59 puts per call outstanding.
●Call wall at $60 (9k contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $55 (5k contracts), 1% 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 2026-11-20. 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 that session
2026-11-20	2k	2k	0.86	812
2026-12-18	11k	5k	0.47	98
2027-01-15	10k	8k	0.80	79
2027-03-19	2k	3k	1.97	25
2027-04-16	314	40	0.13	0
2027-06-17	655	1k	1.57	8
2027-09-17	790	655	0.83	7
2028-01-21	5k	2k	0.44	33
2029-01-19	140	39	0.28	32

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.