FDX Options Chain Analysis

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

Spot $288.94 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.83

21k P / 26k C

Put/Call (Volume)

0.77

2k P / 3k C that session

30d ATM IV

37%

annualized implied move

Call wall

$330

3k contracts

Put wall

$280

2k contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $330 (3k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $280 (2k contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.8× 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 2026-11-06. 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	2k	0.68	2k
2026-10-16	6k	5k	0.81	559
2026-10-23	1k	626	0.49	247
2026-10-30	1k	1k	0.70	367
2026-11-06	311	178	0.57	150
2026-11-13	24	114	4.75	789
2026-11-20	1k	2k	1.67	368
2026-12-18	4k	2k	0.56	179
2027-01-15	3k	3k	1.10	57
2027-03-19	2k	2k	1.06	323
2027-04-16	106	105	0.99	5
2027-06-17	2k	1k	0.72	12
2027-09-17	150	139	0.93	3
2028-01-21	2k	2k	1.11	188
2029-01-19	198	66	0.33	152

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.