HONA Options Chain Analysis

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

Spot $154.5 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.26

18k P / 71k C

Put/Call (Volume)

0.85

326 P / 383 C that session

30d ATM IV

40%

annualized implied move

Call wall

$210

31k contracts

Put wall

$150

4k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.26 puts per call outstanding.
●Call wall at $210 (31k contracts), 36% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $150 (4k contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 11.3× 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 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	5k	6k	1.32	287
2026-11-20	3k	2k	0.91	266
2026-12-18	39k	5k	0.12	94
2027-01-15	442	369	0.83	19
2027-03-19	18k	3k	0.16	26
2027-06-17	3k	666	0.24	11
2027-12-17	4k	1k	0.40	5
2028-01-21	28	43	1.54	0
2029-01-19	94	24	0.26	1

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.