EOSE Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $3.91.

Put/Call (OI)

0.38

417k P / 1.1M C

Put/Call (Volume)

0.26

6k P / 24k C today

30d ATM IV

105%

annualized implied move

Call wall

$10

161k contracts

Put wall

36k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.38 puts per call outstanding.
●Call wall at $10 (161k contracts), 156% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $3 (36k contracts), 23% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 11.0× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 105% — the market prices very large moves; option premium is expensive.

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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	156k	46k	0.29	11k
2026-08-28	17k	10k	0.57	1k
2026-09-04	6k	1k	0.22	1k
2026-09-11	5k	494	0.11	5k
2026-09-18	14k	5k	0.37	2k
2026-09-25	540	58	0.11	412
2026-10-02	26	26	1.00	322
2026-10-16	17k	2k	0.11	815
2026-11-20	59k	22k	0.37	1k
2026-12-18	2k	777	0.33	121
2027-01-15	521k	206k	0.40	2k
2027-02-19	32k	3k	0.11	915
2027-03-19	13k	4k	0.29	25
2027-04-16	5k	1k	0.29	721
2027-05-21	9k	1k	0.11	183
2027-10-15	91	114	1.25	30
2027-12-17	5	8	1.60	7
2028-01-21	247k	114k	0.46	2k
2028-06-16	1k	286	0.26	29
2028-09-15	3k	240	0.08	350

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