FICO Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $1,064.41.

Put/Call (OI)

0.79

10k P / 12k C

Put/Call (Volume)

0.81

617 P / 765 C today

30d ATM IV

49%

annualized implied move

Call wall

$1,100

625 contracts

Put wall

$1,000

509 contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Call wall at $1,100 (625 contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $1,000 (509 contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.1× 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 2026-09-18. 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	7k	4k	0.64	891
2026-09-18	765	1k	1.34	197
2026-10-16	1k	1k	1.25	207
2026-11-20	2k	841	0.51	57
2026-12-18	340	529	1.56	12
2027-01-15	691	741	1.07	13
2027-03-19	278	275	0.99	0
2027-06-17	87	97	1.11	1
2028-01-21	590	460	0.78	4

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