FLUT Options Chain Analysis

As of previous close (2026-11-05) · OPRA historical data

Spot $81.79 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.33

57k P / 43k C

Put/Call (Volume)

4.01

5k P / 1k C that session

30d ATM IV

61%

annualized implied move

Call wall

$100

11k contracts

Put wall

$80

11k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.33 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $100 (11k contracts), 22% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $80 (11k contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 5.6× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 61% — 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 2026-12-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-11-20	13k	10k	0.77	5k
2026-12-18	4k	28k	6.92	121
2027-01-15	10k	4k	0.45	195
2027-03-19	609	8k	13.69	70
2027-06-17	10k	4k	0.40	230
2028-01-21	5k	2k	0.38	22
2029-01-19	116	288	2.48	38

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.