INFY Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $11.62.

Put/Call (OI)

0.88

200k P / 226k C

Put/Call (Volume)

1.30

2k P / 1k C today

30d ATM IV

42%

annualized implied move

Call wall

$15

147k contracts

Put wall

$11

21k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Call wall at $15 (147k contracts), 29% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $11 (21k contracts), 5% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 5.1× deep-OTM put OI — speculative upside positioning dominates the tails.

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	160k	84k	0.53	1k
2026-09-18	32k	37k	1.16	1k
2026-10-16	6k	998	0.18	194
2026-11-20	624	1k	2.17	3
2026-12-18	2k	5k	2.58	64
2027-01-15	20k	52k	2.59	25
2028-01-21	6k	20k	3.17	191

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