CRWD Options Chain Analysis

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

Spot $270 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.98

628k P / 641k C

Put/Call (Volume)

1.01

46k P / 46k C that session

30d ATM IV

48%

annualized implied move

Call wall

$300

24k contracts

Put wall

$75

18k contracts

Tail hedging

7.7×

deep-OTM puts vs calls

What the positioning says

●Call wall at $300 (24k contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $75 (18k contracts), 72% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 7.7× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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	13k	14k	1.07	20k
2026-10-16	69k	73k	1.06	12k
2026-10-23	5k	6k	1.22	1k
2026-10-30	6k	5k	0.92	2k
2026-11-06	2k	1k	0.62	458
2026-11-13	79	125	1.58	562
2026-11-20	39k	41k	1.05	5k
2026-12-18	98k	110k	1.13	3k
2027-01-15	141k	145k	1.03	3k
2027-02-19	9k	7k	0.79	439
2027-03-19	47k	35k	0.76	2k
2027-04-16	3k	4k	1.21	81
2027-06-17	42k	38k	0.90	1k
2027-09-17	5k	7k	1.38	148
2027-12-17	32k	19k	0.58	172
2028-01-21	45k	46k	1.02	1k
2028-06-16	22k	12k	0.52	923
2028-12-15	30k	23k	0.76	1k
2029-01-19	3k	1k	0.46	650

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.