ENB Options Chain Analysis

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

Spot $46.07 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.33

17k P / 50k C

Put/Call (Volume)

1.46

924 P / 634 C that session

30d ATM IV

20%

annualized implied move

Call wall

$52.5

11k contracts

Put wall

$45

3k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.33 puts per call outstanding.
●Call wall at $52.5 (11k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $45 (3k contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 9.9× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 20% — calm pricing; option premium is cheap.

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 2026-11-20. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	12k	3k	0.24	120
2026-11-20	9k	2k	0.25	269
2026-12-18	1k	371	0.30	114
2027-01-15	18k	8k	0.42	909
2027-04-16	981	966	0.98	70
2028-01-21	7k	3k	0.35	76
2029-01-19	1k	37	0.03	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.