CRM Options Chain Analysis

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

Spot $234.85 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.96

351k P / 364k C

Put/Call (Volume)

0.73

12k P / 16k C that session

30d ATM IV

37%

annualized implied move

Call wall

$300

28k contracts

Put wall

$200

26k contracts

Tail hedging

1.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $300 (28k contracts), 28% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (26k contracts), 15% 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	7k	7k	0.93	6k
2026-10-16	39k	41k	1.04	5k
2026-10-23	2k	3k	1.16	728
2026-10-30	3k	3k	1.10	618
2026-11-06	864	1k	1.31	435
2026-11-13	15	32	2.13	428
2026-11-20	36k	33k	0.91	3k
2026-12-18	54k	41k	0.77	1k
2027-01-15	83k	83k	0.99	598
2027-02-19	4k	4k	0.95	119
2027-03-19	16k	17k	1.02	860
2027-05-21	312	1k	4.42	49
2027-06-17	32k	31k	0.98	575
2027-09-17	8k	8k	0.98	70
2027-12-17	15k	14k	0.92	36
2028-01-21	35k	34k	0.98	187
2028-12-15	3k	6k	2.23	36
2029-01-19	449	504	1.12	16

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.