HPE Options Chain Analysis

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

Spot $69.57 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.77

268k P / 350k C

Put/Call (Volume)

0.49

33k P / 68k C that session

30d ATM IV

62%

annualized implied move

Call wall

$70

61k contracts

Put wall

$50

30k contracts

Tail hedging

5.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $70 (61k contracts), 1% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (30k contracts), 28% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 5.4× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 62% — 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 2026-10-30. 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	12k	10k	0.89	18k
2026-10-16	46k	27k	0.58	19k
2026-10-23	4k	4k	1.10	2k
2026-10-30	4k	5k	1.16	4k
2026-11-06	256	400	1.56	736
2026-11-13	15	6	0.40	157
2026-11-20	54k	25k	0.46	9k
2026-12-18	59k	31k	0.53	7k
2027-01-15	66k	61k	0.93	6k
2027-02-19	3k	10k	3.05	358
2027-03-19	18k	47k	2.62	1k
2027-05-21	118	91	0.77	103
2027-06-17	11k	13k	1.19	4k
2027-09-17	1k	2k	1.17	176
2028-01-21	33k	16k	0.47	2k
2029-01-19	979	199	0.20	174

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.