CPNG Options Chain Analysis

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

Spot $13.78 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.22

101k P / 464k C

Put/Call (Volume)

0.36

2k P / 6k C that session

30d ATM IV

38%

annualized implied move

Call wall

$25

87k contracts

Put wall

$13

20k contracts

Tail hedging

0.0×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.22 puts per call outstanding.
●Call wall at $25 (87k contracts), 81% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $13 (20k contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 34.6× 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	1k	1k	1.02	1k
2026-10-16	20k	12k	0.61	1k
2026-10-23	566	552	0.98	28
2026-10-30	467	197	0.42	64
2026-11-06	47	43	0.91	26
2026-11-13	0	3	—	21
2026-11-20	63k	30k	0.48	586
2026-12-18	20k	7k	0.37	168
2027-01-15	142k	30k	0.21	4k
2027-02-19	5k	2k	0.40	26
2027-03-19	108k	3k	0.03	56
2027-05-21	134	54	0.40	6
2027-06-17	42k	901	0.02	12
2027-09-17	783	232	0.30	106
2028-01-21	57k	10k	0.18	99
2029-01-19	403	1k	3.44	10

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.