FDXF Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-19. Spot $139.23.

Put/Call (OI)

2.09

8k P / 4k C

Put/Call (Volume)

0.81

592 P / 728 C today

30d ATM IV

49%

annualized implied move

Call wall

$150

475 contracts

Put wall

$120

5k contracts

Tail hedging

2.5×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 2.09 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $150 (475 contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $120 (5k contracts), 14% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.5× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	1k	2k	1.62	462
2026-09-18	1k	5k	3.65	257
2026-10-16	3	5	1.67	44
2026-12-18	1k	1k	0.95	489
2027-03-19	165	93	0.56	68

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