EQT Options Chain Analysis

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

Spot $50.23 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.14

191k P / 167k C

Put/Call (Volume)

6.81

29k P / 4k C that session

30d ATM IV

32%

annualized implied move

Call wall

$55

17k contracts

Put wall

$50

54k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.14 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $55 (17k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (54k contracts), 0% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.9× deep-OTM put OI — speculative upside positioning dominates the tails.

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	3k	20k	6.22	19k
2026-10-16	16k	29k	1.79	1k
2026-10-23	2k	38k	23.72	163
2026-10-30	1k	7k	4.57	9k
2026-11-06	356	100	0.28	1k
2026-11-13	6	0	0.00	16
2026-11-20	3k	19k	5.74	733
2026-12-18	25k	16k	0.62	282
2027-01-15	54k	27k	0.49	299
2027-03-19	6k	8k	1.44	218
2027-06-17	12k	7k	0.55	6
2027-09-17	2k	2k	0.64	0
2028-01-21	33k	12k	0.36	531
2029-01-19	1k	1k	0.90	49

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.