DT Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-14. Spot $50.19.

Put/Call (OI)

0.38

15k P / 38k C

Put/Call (Volume)

0.00

0 P / 330 C today

30d ATM IV

39%

annualized implied move

Call wall

$55

7k contracts

Put wall

$42.5

5k contracts

Tail hedging

2.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.38 puts per call outstanding.
●Call wall at $55 (7k contracts), 10% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $42.5 (5k contracts), 15% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.1× 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.

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	18k	9k	0.47	174
2026-09-18	5k	2k	0.41	99
2026-11-20	1k	673	0.46	4
2027-01-15	10k	2k	0.18	33
2027-02-19	389	87	0.22	18
2028-01-21	4k	2k	0.46	2
2028-12-15	28	1	0.04	0

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