FN Options Chain Analysis

As of previous close (2026-10-16) · OPRA historical data

Spot $363.51 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.75

12k P / 16k C

Put/Call (Volume)

1.12

957 P / 857 C that session

30d ATM IV

79%

annualized implied move

Call wall

$450

1k contracts

Put wall

$350

1k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Call wall at $450 (1k contracts), 24% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $350 (1k contracts), 4% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 4.3× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 79% — 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 2026-11-20. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-11-20	4k	3k	0.82	813
2026-12-18	2k	2k	1.22	144
2027-01-15	2k	2k	0.67	222
2027-04-16	2k	353	0.15	27
2027-07-16	228	90	0.39	11
2027-10-15	100	52	0.52	4
2027-12-17	207	325	1.57	4
2028-01-21	135	33	0.24	6
2029-01-19	161	49	0.30	5

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.