IMO Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $132.35.

Put/Call (OI)

0.55

1k P / 2k C

Put/Call (Volume)

0.05

3 P / 60 C today

30d ATM IV

30%

annualized implied move

Call wall

$135

609 contracts

Put wall

$100

305 contracts

Tail hedging

9.5×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.55 puts per call outstanding.
●Call wall at $135 (609 contracts), 2% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $100 (305 contracts), 24% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 9.5× 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	2k	834	0.43	31
2026-09-18	29	14	0.48	1
2026-10-16	4	2	0.50	1
2026-11-20	264	221	0.84	0
2027-02-19	52	179	3.44	30

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