FTV Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $60.64.

Put/Call (OI)

1.18

2k P / 2k C

Put/Call (Volume)

0.00

0 P / 11 C today

30d ATM IV

25%

annualized implied move

Call wall

$65

792 contracts

Put wall

$50

2k contracts

Tail hedging

3.7×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.18 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $65 (792 contracts), 7% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (2k contracts), 18% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.7× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 25% — calm pricing; option premium is cheap.

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 2026-09-18. 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 today
2026-08-21	716	62	0.09	0
2026-09-18	746	2k	3.04	7
2026-11-20	102	4	0.04	0
2026-12-18	390	1	0.00	0
2027-03-19	29	5	0.17	4

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.