IRM Options Chain Analysis

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

Spot $113.39 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.28

24k P / 19k C

Put/Call (Volume)

0.47

242 P / 512 C that session

30d ATM IV

26%

annualized implied move

Call wall

$125

4k contracts

Put wall

$50

13k contracts

Tail hedging

1.7×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.28 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $125 (4k contracts), 10% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (13k contracts), 56% 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 2026-10-30. 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	1k	58	0.05	147
2026-10-16	5k	1k	0.29	103
2026-10-23	642	164	0.26	5
2026-10-30	57	67	1.18	45
2026-11-06	30	29	0.97	287
2026-11-13	0	0	—	10
2026-11-20	3k	62	0.02	42
2026-12-18	2k	2k	0.87	29
2027-01-15	3k	3k	1.03	2
2027-03-19	941	1k	1.58	0
2027-04-16	8	55	6.88	6
2027-06-17	126	204	1.62	0
2027-09-17	47	16	0.34	0
2028-01-21	1k	15k	10.05	5
2029-01-19	44	9	0.20	6

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.