LIN Options Chain Analysis

As of previous close (2026-11-05) · OPRA historical data

Spot $518.44 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.47

37k P / 25k C

Put/Call (Volume)

1.24

562 P / 453 C that session

30d ATM IV

22%

annualized implied move

Call wall

$540

2k contracts

Put wall

$460

4k contracts

Tail hedging

5.6×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.47 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $540 (2k contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $460 (4k contracts), 11% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 5.6× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●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 2026-12-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-11-20	7k	12k	1.61	160
2026-12-18	5k	7k	1.44	116
2027-01-15	5k	8k	1.65	384
2027-03-19	3k	3k	1.22	78
2027-04-16	543	965	1.78	20
2027-06-17	2k	3k	1.78	11
2027-09-17	629	993	1.58	192
2027-12-17	2	0	0.00	6
2028-01-21	2k	1k	0.65	16
2029-01-19	536	380	0.71	32

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.