CEG Options Chain Analysis

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

Spot $257.49 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.62

127k P / 78k C

Put/Call (Volume)

2.07

11k P / 5k C that session

30d ATM IV

44%

annualized implied move

Call wall

$330

8k contracts

Put wall

$200

12k contracts

Tail hedging

1.2×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.62 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $330 (8k contracts), 28% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (12k contracts), 22% below spot — the hedge floor; often acts as support.

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	2k	2k	0.98	2k
2026-10-16	7k	6k	0.85	2k
2026-10-23	2k	7k	4.28	299
2026-10-30	1k	6k	5.26	358
2026-11-06	305	239	0.78	192
2026-11-13	11	10	0.91	213
2026-11-20	12k	19k	1.56	6k
2026-12-18	9k	11k	1.28	482
2027-01-15	18k	28k	1.53	756
2027-02-19	2k	2k	1.08	66
2027-03-19	4k	9k	2.05	494
2027-05-21	44	612	13.91	77
2027-06-17	6k	12k	1.93	186
2027-09-17	364	1k	3.79	33
2027-12-17	1k	3k	2.24	18
2028-01-21	6k	13k	2.05	100
2028-06-16	283	417	1.47	0
2028-12-15	566	2k	3.66	14
2029-01-19	178	924	5.19	32

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.