LAMR Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $152.38.

Put/Call (OI)

0.58

1k P / 2k C

Put/Call (Volume)

0.04

5 P / 121 C today

30d ATM IV

22%

annualized implied move

Call wall

$170

590 contracts

Put wall

$150

459 contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.58 puts per call outstanding.
●Call wall at $170 (590 contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $150 (459 contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.7× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 22% — 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 2026-09-18. 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	836	618	0.74	11
2026-09-18	367	186	0.51	105
2026-10-16	371	241	0.65	9
2027-01-15	403	96	0.24	1

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