BP Options Chain Analysis

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

Spot $44.79 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.54

145k P / 267k C

Put/Call (Volume)

0.24

2k P / 7k C that session

30d ATM IV

32%

annualized implied move

Call wall

$45

49k contracts

Put wall

$44

15k contracts

Tail hedging

1.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.54 puts per call outstanding.
●Call wall at $45 (49k contracts), 0% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $44 (15k contracts), 2% 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 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	2k	951	0.45	843
2026-10-16	42k	33k	0.78	4k
2026-10-23	3k	500	0.20	102
2026-10-30	677	488	0.72	121
2026-11-06	848	824	0.97	892
2026-11-13	0	0	—	6
2026-11-20	37k	7k	0.19	421
2026-12-18	59k	35k	0.60	178
2027-01-15	64k	34k	0.53	386
2027-03-19	9k	7k	0.80	27
2027-04-16	1k	2k	1.45	17
2027-06-17	6k	5k	0.80	76
2027-09-17	1k	2k	1.48	96
2028-01-21	36k	15k	0.41	159
2029-01-19	947	181	0.19	68

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.