HPE Options Chain Analysis

As of previous close (2026-10-15) · OPRA historical data

Spot $58.67 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.82

292k P / 355k C

Put/Call (Volume)

1.09

45k P / 41k C that session

30d ATM IV

66%

annualized implied move

Call wall

$70

63k contracts

Put wall

$50

32k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $70 (63k contracts), 19% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (32k contracts), 15% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 66% — 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 2026-11-13. 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
2026-10-16	60k	38k	0.64	34k
2026-10-23	7k	9k	1.30	10k
2026-10-30	8k	11k	1.40	4k
2026-11-06	5k	3k	0.67	1k
2026-11-13	2k	2k	1.30	1k
2026-11-20	62k	31k	0.50	11k
2026-11-27	2k	411	0.26	255
2026-12-18	63k	34k	0.54	4k
2027-01-15	69k	64k	0.93	13k
2027-02-19	4k	11k	2.55	2k
2027-03-19	21k	50k	2.39	1k
2027-05-21	502	269	0.54	103
2027-06-17	12k	17k	1.34	817
2027-09-17	2k	3k	1.89	876
2028-01-21	36k	17k	0.47	970
2029-01-19	1k	290	0.19	319

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.