LH Options Chain Analysis

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

Spot $308.49 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.18

2k P / 2k C

Put/Call (Volume)

0.22

10 P / 45 C that session

30d ATM IV

25%

annualized implied move

Call wall

$320

492 contracts

Put wall

$280

790 contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.18 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $320 (492 contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $280 (790 contracts), 9% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 25% — 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 2026-10-16. 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	426	505	1.19	15
2026-11-20	274	1k	5.43	1
2026-12-18	0	2	—	0
2027-01-15	767	366	0.48	30
2027-02-19	608	64	0.11	8
2027-03-19	11	17	1.55	0
2027-05-21	15	35	2.33	1

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.