EMR Options Chain Analysis

As of previous close (2026-10-06) · OPRA historical data

Spot $162.14 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.43

22k P / 50k C

Put/Call (Volume)

0.12

481 P / 4k C that session

30d ATM IV

37%

annualized implied move

Call wall

$170

7k contracts

Put wall

$100

4k contracts

Tail hedging

2.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.43 puts per call outstanding.
●Call wall at $170 (7k contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $100 (4k contracts), 38% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.3× 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 2026-11-06. 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	1k	116	0.09	574
2026-10-16	6k	2k	0.34	333
2026-10-23	814	30	0.04	498
2026-10-30	481	193	0.40	28
2026-11-06	60	28	0.47	444
2026-11-13	0	3	—	2
2026-11-20	2k	345	0.22	156
2026-12-18	11k	6k	0.52	2k
2027-01-15	10k	7k	0.73	698
2027-03-19	3k	2k	0.76	89
2027-05-21	0	0	—	1
2027-06-17	2k	1k	0.63	15
2027-09-17	156	573	3.67	79
2028-01-21	14k	2k	0.15	6
2029-01-19	326	110	0.34	11

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.