HCA Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $426.69 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.86

16k P / 18k C

Put/Call (Volume)

0.22

64 P / 289 C that session

30d ATM IV

29%

annualized implied move

Call wall

$440

1k contracts

Put wall

$390

2k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $440 (1k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $390 (2k contracts), 9% 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 2026-10-16. 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
2026-10-16	4k	5k	1.26	93
2026-11-20	2k	3k	1.31	65
2026-12-18	3k	2k	0.73	110
2027-01-15	5k	2k	0.49	16
2027-03-19	528	242	0.46	0
2027-06-17	1k	549	0.47	22
2027-09-17	63	39	0.62	0
2028-01-21	2k	2k	1.05	17
2029-01-19	79	11	0.14	30

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.