CBRE Options Chain Analysis

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

Spot $129.58 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.96

12k P / 12k C

Put/Call (Volume)

11.40

2k P / 200 C that session

30d ATM IV

31%

annualized implied move

Call wall

$150

4k contracts

Put wall

$125

664 contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Call wall at $150 (4k contracts), 16% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $125 (664 contracts), 4% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 7.0× 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	5k	8k	1.65	2k
2026-11-20	841	691	0.82	155
2026-12-18	2k	400	0.23	26
2027-01-15	4k	2k	0.56	156
2027-03-19	609	364	0.60	13
2028-01-21	214	10	0.05	7
2029-01-19	2	0	0.00	0

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.