HOOD Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $96.33.

Put/Call (OI)

0.68

684k P / 1.0M C

Put/Call (Volume)

0.60

48k P / 80k C today

30d ATM IV

57%

annualized implied move

Call wall

$100

86k contracts

Put wall

$70

61k contracts

Tail hedging

0.8×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.68 puts per call outstanding.
●Call wall at $100 (86k contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $70 (61k contracts), 27% 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	191k	151k	0.79	69k
2026-08-28	22k	21k	0.93	13k
2026-09-04	11k	10k	0.86	9k
2026-09-11	8k	9k	1.17	4k
2026-09-18	123k	89k	0.72	13k
2026-09-25	4k	3k	0.93	1k
2026-10-02	775	260	0.34	862
2026-10-16	58k	45k	0.77	5k
2026-11-20	38k	33k	0.87	2k
2026-12-18	80k	57k	0.72	6k
2027-01-15	177k	125k	0.71	2k
2027-02-19	7k	7k	0.99	656
2027-03-19	46k	28k	0.62	309
2027-04-16	9k	5k	0.48	115
2027-05-21	5k	3k	0.61	116
2027-06-17	36k	24k	0.68	798
2027-12-17	89k	20k	0.23	689
2028-01-21	92k	45k	0.49	981
2028-12-15	15k	8k	0.55	633

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