JBHT Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $283.37.

Put/Call (OI)

0.83

6k P / 7k C

Put/Call (Volume)

1.03

152 P / 147 C today

30d ATM IV

32%

annualized implied move

Call wall

$300

988 contracts

Put wall

$185

788 contracts

Tail hedging

2.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $300 (988 contracts), 6% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $185 (788 contracts), 35% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.3× 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.

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	3k	3k	1.15	165
2026-09-18	1k	925	0.82	61
2026-11-20	1k	324	0.30	57
2027-01-15	1k	1k	0.79	12
2027-02-19	227	190	0.84	1
2027-12-17	395	95	0.24	3

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