IT Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $177.17.

Put/Call (OI)

0.57

7k P / 13k C

Put/Call (Volume)

0.57

98 P / 171 C today

30d ATM IV

47%

annualized implied move

Call wall

$210

870 contracts

Put wall

$150

792 contracts

Tail hedging

1.0×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.57 puts per call outstanding.
●Call wall at $210 (870 contracts), 19% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $150 (792 contracts), 15% 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 2026-09-18. 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 today
2026-08-21	4k	2k	0.56	53
2026-09-18	3k	2k	0.52	162
2026-12-18	5k	3k	0.59	29
2027-03-19	915	627	0.69	25

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