DKS Options Chain Analysis

As of previous close (2026-08-25) · OPRA historical data

Spot $124.67 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.99

27k P / 28k C

Put/Call (Volume)

0.68

66k P / 97k C that session

30d ATM IV

51%

annualized implied move

Call wall

$200

7k contracts

Put wall

$105

718 contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Call wall at $200 (7k contracts), 60% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $105 (718 contracts), 16% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 17.1× 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 2026-09-18. 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 that session
2026-10-16	2k	332	0.16	8k
2026-11-20	381	467	1.23	9k
2026-12-18	1k	961	0.94	6k
2027-01-15	2k	4k	1.54	11k
2027-03-19	517	106	0.21	1k
2027-06-17	364	466	1.28	5k
2028-01-21	464	874	1.88	2k

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.