CRWD Options Chain Analysis

As of previous close (2026-10-08) · OPRA historical data

Spot $263.43 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.98

630k P / 641k C

Put/Call (Volume)

1.53

58k P / 38k C that session

30d ATM IV

50%

annualized implied move

Call wall

$300

25k contracts

Put wall

$75

18k contracts

Tail hedging

5.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $300 (25k contracts), 14% 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 5.3× 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 2026-11-06. 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	27k	28k	1.02	51k
2026-10-16	72k	77k	1.06	15k
2026-10-23	7k	7k	1.00	2k
2026-10-30	7k	10k	1.32	3k
2026-11-06	3k	3k	1.10	756
2026-11-13	578	1k	1.98	409
2026-11-20	41k	48k	1.17	10k
2026-11-27	0	0	—	116
2026-12-18	99k	112k	1.13	4k
2027-01-15	142k	147k	1.04	3k
2027-02-19	9k	7k	0.80	272
2027-03-19	47k	36k	0.77	2k
2027-04-16	3k	4k	1.15	326
2027-06-17	43k	39k	0.91	558
2027-09-17	5k	8k	1.47	247
2027-12-17	33k	19k	0.58	286
2028-01-21	46k	48k	1.03	676
2028-06-16	22k	12k	0.52	115
2028-12-15	30k	23k	0.77	475
2029-01-19	4k	2k	0.57	536

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.