BR Options Chain Analysis

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

Spot $157.13 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.27

2k P / 7k C

Put/Call (Volume)

0.41

91 P / 224 C that session

30d ATM IV

36%

annualized implied move

Call wall

$190

3k contracts

Put wall

$110

158 contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.27 puts per call outstanding.
●Call wall at $190 (3k contracts), 21% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $110 (158 contracts), 30% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 9.1× 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.

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
2026-10-16	2k	363	0.21	82
2026-11-20	69	97	1.41	23
2026-12-18	4k	480	0.11	15
2027-03-19	531	771	1.45	11
2027-12-17	77	105	1.36	184

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.