FTAI Options Chain Analysis

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

Spot $179 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.55

22k P / 39k C

Put/Call (Volume)

0.25

1k P / 5k C that session

30d ATM IV

57%

annualized implied move

Call wall

$250

4k contracts

Put wall

$160

3k contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.55 puts per call outstanding.
●Call wall at $250 (4k contracts), 40% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $160 (3k contracts), 11% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.4× 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 2026-12-04. 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
2026-11-06	2k	703	0.30	1k
2026-11-13	1k	620	0.51	342
2026-11-20	10k	4k	0.41	3k
2026-11-27	135	648	4.80	89
2026-12-04	149	222	1.49	24
2026-12-11	42	66	1.57	38
2026-12-18	6k	4k	0.72	945
2026-12-24	0	0	—	0
2027-01-15	7k	6k	0.80	226
2027-02-19	410	387	0.94	199
2027-03-19	3k	3k	0.89	89
2027-05-21	2k	496	0.23	13
2027-06-17	3k	1k	0.34	8
2028-01-21	4k	867	0.22	35
2029-01-19	177	28	0.16	14

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.