LDOS Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $142.25.

Put/Call (OI)

0.48

5k P / 11k C

Put/Call (Volume)

1.14

232 P / 203 C today

30d ATM IV

31%

annualized implied move

Call wall

$150

947 contracts

Put wall

$100

1k contracts

Tail hedging

2.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.48 puts per call outstanding.
●Call wall at $150 (947 contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $100 (1k contracts), 30% 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	4k	2k	0.48	158
2026-09-18	551	271	0.49	151
2026-11-20	862	486	0.56	46
2026-12-18	5k	1k	0.30	30
2027-01-15	444	704	1.59	29
2027-02-19	115	262	2.28	0
2027-05-21	480	319	0.66	21

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