EL Options Chain Analysis

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

Spot $91.97 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.58

68k P / 118k C

Put/Call (Volume)

2.80

2k P / 669 C that session

30d ATM IV

46%

annualized implied move

Call wall

$105

32k contracts

Put wall

$80

12k contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.58 puts per call outstanding.
●Call wall at $105 (32k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $80 (12k contracts), 13% 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	516	314	0.61	158
2026-10-16	10k	7k	0.68	237
2026-10-23	302	177	0.59	18
2026-10-30	785	165	0.21	65
2026-11-06	68	51	0.75	50
2026-11-13	0	0	—	0
2026-11-20	2k	648	0.33	182
2026-12-18	6k	6k	0.98	621
2027-01-15	23k	27k	1.16	37
2027-03-19	66k	6k	0.10	42
2027-04-16	322	242	0.75	1
2027-06-17	817	5k	6.69	401
2027-09-17	354	684	1.93	26
2028-01-21	7k	14k	2.01	547
2029-01-19	38	9	0.24	12

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.