EQR Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $63.8.

Put/Call (OI)

1.07

6k P / 5k C

Put/Call (Volume)

41.14

288 P / 7 C today

30d ATM IV

24%

annualized implied move

Call wall

$72.5

2k contracts

Put wall

$62.5

1k contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Call wall at $72.5 (2k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $62.5 (1k contracts), 2% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 24% — 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 2026-09-18. 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	4k	928	0.26	15
2026-09-18	76	252	3.32	67
2026-10-16	720	3k	4.08	177
2026-12-18	549	1k	2.24	15
2027-01-15	540	483	0.89	21

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