JLL Options Chain Analysis

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

Spot $306.81 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.44

3k P / 2k C

Put/Call (Volume)

59.00

59 P / 1 C that session

30d ATM IV

37%

annualized implied move

Call wall

$350

1k contracts

Put wall

$300

2k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.44 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $350 (1k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $300 (2k contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 19.7× 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 2026-10-16. 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	238	88	0.37	3
2026-11-20	2k	644	0.42	57
2026-12-18	211	2k	9.10	0
2027-03-19	64	320	5.00	0
2027-05-21	5	0	0.00	0

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.