BSAC Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $34.57.

Put/Call (OI)

0.88

14 P / 16 C

Put/Call (Volume)

—

0 P / 0 C today

30d ATM IV

62%

annualized implied move

Call wall

$50

8 contracts

Put wall

$30

14 contracts

Tail hedging

1.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $50 (8 contracts), 45% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $30 (14 contracts), 13% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 62% — the market prices very large moves; option premium is expensive.

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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C
2026-08-21	10	0	0.00
2026-09-18	0	6	—
2026-10-16	0	8	—
2027-01-15	6	0	0.00

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.