CDE Options Chain Analysis

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

Spot $17.69 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.39

123k P / 317k C

Put/Call (Volume)

0.72

7k P / 9k C that session

30d ATM IV

56%

annualized implied move

Call wall

$25

52k contracts

Put wall

$17.5

25k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.39 puts per call outstanding.
●Call wall at $25 (52k contracts), 41% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $17.5 (25k contracts), 1% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 4.9× 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 2026-10-30. 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
2026-10-09	7k	2k	0.37	2k
2026-10-16	24k	13k	0.55	501
2026-10-23	4k	6k	1.57	651
2026-10-30	2k	5k	2.06	2k
2026-11-06	1k	390	0.39	420
2026-11-13	13	22	1.69	191
2026-11-20	49k	24k	0.48	951
2026-12-18	20k	15k	0.79	953
2027-01-15	113k	27k	0.24	635
2027-02-19	2k	1k	0.49	122
2027-03-19	10k	1k	0.12	135
2027-06-17	7k	3k	0.37	128
2027-09-17	11k	7k	0.61	25
2028-01-21	57k	13k	0.23	263
2029-01-19	2k	297	0.18	52

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.