HON Options Chain Analysis

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

Spot $213.95 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.37

19k P / 52k C

Put/Call (Volume)

0.68

589 P / 868 C that session

30d ATM IV

34%

annualized implied move

Call wall

$240

12k contracts

Put wall

$200

3k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.37 puts per call outstanding.
●Call wall at $240 (12k contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (3k contracts), 7% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 6.3× 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 2026-10-30. 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
2026-10-09	942	783	0.83	276
2026-10-16	20k	4k	0.20	202
2026-10-23	11k	171	0.02	47
2026-10-30	249	147	0.59	34
2026-11-06	62	20	0.32	11
2026-11-13	4	0	0.00	1
2026-11-20	3k	3k	0.93	120
2026-12-18	5k	2k	0.37	177
2027-01-15	3k	2k	0.71	18
2027-03-19	2k	3k	1.31	36
2027-06-17	2k	3k	1.12	132
2027-09-17	251	233	0.93	4
2028-01-21	3k	1k	0.45	10
2029-01-19	81	16	0.20	27

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.