FER Options Chain Analysis

As of previous close (2026-09-02) · OPRA historical data

Spot $58.55 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.64

636 P / 989 C

Put/Call (Volume)

1.21

41 P / 34 C that session

30d ATM IV

20%

annualized implied move

Call wall

$65

251 contracts

Put wall

$55

18 contracts

Tail hedging

0.0×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.64 puts per call outstanding.
●Call wall at $65 (251 contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $55 (18 contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 185.3× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 20% — 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-09-18	545	241	0.44	0
2026-10-16	6	2	0.33	1
2026-12-18	67	331	4.94	39
2027-03-19	371	62	0.17	35

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.