CACI Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-17. Spot $670.54.

Put/Call (OI)

0.37

2k P / 5k C

Put/Call (Volume)

2.31

97 P / 42 C today

30d ATM IV

35%

annualized implied move

Call wall

$680

562 contracts

Put wall

$570

255 contracts

Tail hedging

8.8×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.37 puts per call outstanding.
●Call wall at $680 (562 contracts), 1% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $570 (255 contracts), 15% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 8.8× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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.

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 today
2026-08-21	824	338	0.41	28
2026-09-18	858	767	0.89	37
2026-12-18	3k	677	0.21	51
2027-03-19	190	89	0.47	23

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