DASH Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $212.51.

Put/Call (OI)

0.56

72k P / 128k C

Put/Call (Volume)

1.21

5k P / 4k C today

30d ATM IV

41%

annualized implied move

Call wall

$240

9k contracts

Put wall

$145

6k contracts

Tail hedging

1.4×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.56 puts per call outstanding.
●Call wall at $240 (9k contracts), 13% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $145 (6k contracts), 32% 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 2026-09-18. 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 today
2026-08-21	12k	16k	1.39	4k
2026-08-28	1k	1k	0.89	505
2026-09-04	987	1k	1.19	189
2026-09-11	271	331	1.22	712
2026-09-18	39k	15k	0.39	933
2026-09-25	263	124	0.47	61
2026-10-02	321	36	0.11	253
2026-11-20	26k	5k	0.18	325
2026-12-18	3k	6k	1.91	267
2027-01-15	25k	17k	0.69	70
2027-02-19	348	468	1.34	90
2027-03-19	5k	4k	0.76	181
2027-06-17	364	1k	2.91	3
2027-12-17	3k	2k	0.43	8
2028-01-21	11k	4k	0.34	2k

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.