FAST Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $51.29.

Put/Call (OI)

0.45

24k P / 55k C

Put/Call (Volume)

0.51

360 P / 709 C today

30d ATM IV

24%

annualized implied move

Call wall

$52.5

12k contracts

Put wall

$42.5

6k contracts

Tail hedging

3.6×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.45 puts per call outstanding.
●Call wall at $52.5 (12k contracts), 2% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $42.5 (6k contracts), 17% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.6× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●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	13k	9k	0.65	608
2026-09-18	13k	5k	0.36	298
2026-11-20	6k	2k	0.35	80
2026-12-18	8k	3k	0.42	12
2027-01-15	8k	3k	0.41	13
2027-02-19	1k	93	0.06	0
2027-03-19	2k	763	0.36	0
2027-06-17	2k	478	0.27	57
2028-01-21	1k	1k	0.86	1

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