LFUS Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $471.81.

Put/Call (OI)

1.48

3k P / 2k C

Put/Call (Volume)

1.50

12 P / 8 C today

30d ATM IV

52%

annualized implied move

Call wall

$500

261 contracts

Put wall

$430

321 contracts

Tail hedging

2.8×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.48 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $500 (261 contracts), 6% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $430 (321 contracts), 9% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.8× 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	240	583	2.43	6
2026-09-18	616	673	1.09	8
2026-11-20	483	731	1.51	5
2026-12-18	201	321	1.60	0
2027-03-19	185	243	1.31	1

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