HPQ Options Chain Analysis

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

Spot $32.13 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.14

233k P / 205k C

Put/Call (Volume)

0.61

4k P / 7k C that session

30d ATM IV

44%

annualized implied move

Call wall

$35

31k contracts

Put wall

$30

29k contracts

Tail hedging

2.2×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.14 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $35 (31k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $30 (29k contracts), 7% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.2× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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	5k	3k	0.54	4k
2026-10-16	28k	106k	3.79	2k
2026-10-23	2k	2k	0.99	341
2026-10-30	979	928	0.95	232
2026-11-06	162	109	0.67	72
2026-11-13	2	1	0.50	12
2026-11-20	28k	21k	0.76	1k
2026-12-18	22k	24k	1.08	575
2027-01-15	57k	24k	0.42	186
2027-02-19	5k	3k	0.75	86
2027-03-19	11k	9k	0.83	611
2027-05-21	50	22	0.44	1
2027-06-17	12k	13k	1.07	8
2027-09-17	1k	1k	0.93	8
2028-01-21	23k	14k	0.61	47
2029-01-19	628	168	0.27	95

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.