GPN Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $90.38.

Put/Call (OI)

0.73

49k P / 67k C

Put/Call (Volume)

0.43

588 P / 1k C today

30d ATM IV

39%

annualized implied move

Call wall

$100

12k contracts

Put wall

$50

17k contracts

Tail hedging

1.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $100 (12k contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (17k contracts), 45% below spot — the hedge floor; often acts as support.

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	14k	27k	2.00	277
2026-09-18	13k	5k	0.39	834
2026-10-16	2k	1k	0.53	98
2026-11-20	2k	912	0.44	88
2026-12-18	2k	980	0.62	18
2027-01-15	20k	8k	0.41	130
2027-02-19	248	174	0.70	12
2027-03-19	9k	2k	0.20	3
2027-06-17	259	238	0.92	10
2028-01-21	4k	3k	0.73	457
2028-06-16	9	2	0.22	0
2028-12-15	150	122	0.81	16

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