DB Options Chain Analysis

As of previous close (2026-09-02) · OPRA historical data

Spot $40.23 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.79

37k P / 48k C

Put/Call (Volume)

0.40

900 P / 2k C that session

30d ATM IV

31%

annualized implied move

Call wall

$45

9k contracts

Put wall

$30

4k contracts

Tail hedging

2.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $45 (9k contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $30 (4k contracts), 25% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.3× 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-09-18	7k	5k	0.73	1k
2026-10-16	9k	6k	0.69	235
2027-01-15	25k	19k	0.78	1k
2027-04-16	1k	90	0.07	89
2028-01-21	5k	7k	1.25	380

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.