FIG Options Chain Analysis

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

Spot $26.37 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.55

124k P / 224k C

Put/Call (Volume)

0.27

760 P / 3k C that session

30d ATM IV

74%

annualized implied move

Call wall

$30

37k contracts

Put wall

$20

24k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.55 puts per call outstanding.
●Call wall at $30 (37k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $20 (24k contracts), 24% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.0× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 74% — the market prices very large moves; option premium is expensive.

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 2026-10-02. 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
2026-10-02	3k	1k	0.47	47
2026-10-09	462	753	1.63	32
2026-10-16	39k	24k	0.60	755
2027-01-15	63k	38k	0.60	125
2027-02-19	640	585	0.91	88
2027-04-16	648	193	0.30	1
2027-05-21	214	69	0.32	0
2027-08-20	75	163	2.17	15
2027-11-19	195	39	0.20	2
2028-01-21	43k	18k	0.42	65

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.