HIVE Options Chain Analysis

As of previous close (2026-08-28) · OPRA historical data

Spot $2.78 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.12

42k P / 346k C

Put/Call (Volume)

0.46

3k P / 7k C that session

30d ATM IV

93%

annualized implied move

Call wall

83k contracts

Put wall

15k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.12 puts per call outstanding.
●Call wall at $5 (83k contracts), 80% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $2 (15k contracts), 28% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 17.8× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 93% — 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 2026-09-25. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-12-18	29k	4k	0.14	470
2027-01-15	98k	13k	0.14	1k
2027-03-19	2k	3k	1.28	2k
2028-01-21	107k	10k	0.09	861
2028-12-15	12k	46	0.00	190

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.