FLUT Options Chain Analysis

As of previous close (2026-09-18) · OPRA historical data

Spot $90.43 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.24

43k P / 35k C

Put/Call (Volume)

0.30

948 P / 3k C that session

30d ATM IV

47%

annualized implied move

Call wall

$145

4k contracts

Put wall

$85

2k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.24 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $145 (4k contracts), 60% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $85 (2k contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 7.7× 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 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	2k	2k	0.75	2k
2026-11-20	15	32	2.13	39
2026-12-18	2k	17k	7.01	714
2027-01-15	8k	3k	0.38	91
2027-03-19	146	846	5.79	16
2027-06-17	6k	4k	0.63	14
2028-01-21	4k	2k	0.42	167
2029-01-19	4	1	0.25	3

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.