CALM Options Chain Analysis

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

Spot $65.7 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.71

7k P / 10k C

Put/Call (Volume)

1.87

650 P / 348 C that session

30d ATM IV

26%

annualized implied move

Call wall

$85

2k contracts

Put wall

$60

2k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Call wall at $85 (2k contracts), 29% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $60 (2k contracts), 9% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 13.1× 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	4k	3k	0.67	299
2026-11-20	3k	3k	0.83	554
2027-02-19	2k	1k	0.52	128
2027-05-21	41	107	2.61	2
2028-01-21	16	140	8.75	5
2029-01-19	53	8	0.15	10

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.