CHT Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-27. Spot $42.91.

Put/Call (OI)

2.08

52 P / 25 C

Put/Call (Volume)

—

2 P / 0 C today

30d ATM IV

72%

annualized implied move

Call wall

$45

14 contracts

Put wall

$22.5

32 contracts

Tail hedging

3.6×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 2.08 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $45 (14 contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $22.5 (32 contracts), 48% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.6× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 72% — the market prices very large moves; option premium is expensive.

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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-09-18	11	47	4.27	0
2026-10-16	0	0	—	0
2026-12-18	6	5	0.83	2
2027-03-19	8	0	0.00	0

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