ITW Options Chain Analysis

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

Spot $262.92 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.37

3k P / 8k C

Put/Call (Volume)

0.92

212 P / 230 C that session

30d ATM IV

21%

annualized implied move

Call wall

$280

3k contracts

Put wall

$260

561 contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.37 puts per call outstanding.
●Call wall at $280 (3k contracts), 6% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $260 (561 contracts), 1% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.8× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 21% — calm pricing; option premium is cheap.

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 2026-10-16. 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
2026-10-16	2k	288	0.19	1
2026-11-20	4k	605	0.16	80
2026-12-18	824	378	0.46	312
2027-01-15	993	788	0.79	38
2027-03-19	380	746	1.96	11

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.