CNC Options Chain Analysis

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

Spot $63.07 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.45

77k P / 172k C

Put/Call (Volume)

0.35

2k P / 5k C that session

30d ATM IV

57%

annualized implied move

Call wall

$70

9k contracts

Put wall

$20

10k contracts

Tail hedging

1.0×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.45 puts per call outstanding.
●Call wall at $70 (9k contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $20 (10k contracts), 68% 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	1.24	3k
2026-10-16	8k	12k	1.45	889
2026-10-23	274	254	0.93	66
2026-10-30	466	158	0.34	45
2026-11-06	1	34	34.00	10
2026-11-13	1	2	2.00	2
2026-11-20	4k	2k	0.53	438
2026-12-18	8k	8k	0.97	254
2027-01-15	125k	34k	0.27	262
2027-03-19	5k	5k	1.05	116
2027-06-17	3k	6k	1.70	40
2027-09-17	374	633	1.69	103
2028-01-21	13k	6k	0.45	49
2029-01-19	45	23	0.51	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.