DDOG Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-19. Spot $246.15.

Put/Call (OI)

0.92

138k P / 151k C

Put/Call (Volume)

1.00

5k P / 5k C today

30d ATM IV

54%

annualized implied move

Call wall

$300

12k contracts

Put wall

$180

11k contracts

Tail hedging

1.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $300 (12k contracts), 22% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $180 (11k contracts), 27% 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	27k	26k	0.96	2k
2026-08-28	3k	4k	1.15	949
2026-09-04	1k	2k	1.48	350
2026-09-11	467	1k	2.64	170
2026-09-18	35k	34k	0.99	844
2026-09-25	308	793	2.57	43
2026-10-02	34	45	1.32	43
2026-10-16	10k	8k	0.74	629
2026-11-20	6k	5k	0.95	396
2026-12-18	17k	10k	0.57	403
2027-01-15	24k	25k	1.02	396
2027-03-19	6k	6k	1.05	863
2027-06-17	2k	3k	2.05	258
2028-01-21	11k	9k	0.80	947
2028-06-16	3k	2k	0.56	591
2028-12-15	4k	2k	0.51	552

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