DHI Options Chain Analysis

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

Spot $135 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.81

20k P / 25k C

Put/Call (Volume)

1.42

1k P / 911 C that session

30d ATM IV

43%

annualized implied move

Call wall

$165

5k contracts

Put wall

$135

3k contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $165 (5k contracts), 22% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $135 (3k contracts), 0% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.5× deep-OTM put OI — speculative upside positioning dominates the tails.

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	467	409	0.88	225
2026-10-16	4k	3k	0.77	763
2026-10-23	485	600	1.24	125
2026-10-30	295	317	1.07	106
2026-11-06	9	14	1.56	8
2026-11-13	2	4	2.00	1
2026-11-20	4k	2k	0.61	358
2026-12-18	1k	2k	2.31	21
2027-01-15	9k	5k	0.61	46
2027-02-19	549	520	0.95	86
2027-03-19	744	731	0.98	13
2027-05-21	73	26	0.36	0
2027-06-17	432	695	1.61	0
2027-09-17	78	266	3.41	2
2028-01-21	2k	1k	0.74	42
2029-01-19	38	8	0.21	0

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.