DLR Options Chain Analysis

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

Spot $178.55 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.64

20k P / 12k C

Put/Call (Volume)

1.28

357 P / 279 C that session

30d ATM IV

37%

annualized implied move

Call wall

$200

3k contracts

Put wall

$160

10k contracts

Tail hedging

1.9×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.64 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $200 (3k contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $160 (10k contracts), 10% 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 2026-10-30. 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	483	237	0.49	46
2026-10-16	2k	2k	1.03	59
2026-10-23	259	78	0.30	132
2026-10-30	181	38	0.21	4
2026-11-06	5	24	4.80	175
2026-11-13	2	0	0.00	0
2026-11-20	781	419	0.54	40
2026-12-18	1k	6k	5.37	36
2027-01-15	4k	4k	0.87	26
2027-03-19	285	1k	4.68	13
2027-04-16	18	1k	57.28	0
2027-06-17	259	1k	4.57	51
2027-09-17	77	667	8.66	0
2028-01-21	870	1k	1.41	10
2029-01-19	49	605	12.35	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.