ICLR Options Chain Analysis

As of previous close (2026-11-06) · OPRA historical data

Spot $200.69 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.33

2k P / 6k C

Put/Call (Volume)

0.83

40 P / 48 C that session

30d ATM IV

47%

annualized implied move

Call wall

$240

1k contracts

Put wall

$200

340 contracts

Tail hedging

0.8×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.33 puts per call outstanding.
●Call wall at $240 (1k contracts), 20% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (340 contracts), 0% 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 2026-12-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-11-20	3k	884	0.28	9
2026-12-18	2k	766	0.44	31
2027-01-15	404	159	0.39	47
2027-04-16	125	75	0.60	1
2027-05-21	166	11	0.07	0
2027-08-20	32	0	0.00	0
2027-11-19	175	21	0.12	0

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.