FDX Options Chain Analysis

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

Spot $289.38 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.84

22k P / 26k C

Put/Call (Volume)

0.70

1k P / 2k C that session

30d ATM IV

37%

annualized implied move

Call wall

$330

3k contracts

Put wall

$280

2k contracts

Tail hedging

0.3×

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 2.9× 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	2k	737	0.39	766
2026-10-16	6k	5k	0.82	151
2026-10-23	1k	448	0.38	153
2026-10-30	1k	903	0.72	59
2026-11-06	103	135	1.31	273
2026-11-13	11	90	8.18	33
2026-11-20	954	2k	2.06	520
2026-12-18	4k	2k	0.56	209
2027-01-15	3k	3k	1.06	80
2027-03-19	2k	2k	1.05	85
2027-04-16	86	102	1.19	20
2027-06-17	2k	1k	0.72	37
2027-09-17	149	135	0.91	6
2028-01-21	2k	2k	1.12	8
2029-01-19	198	66	0.33	0

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.