LLY Options Chain Analysis

As of previous close (2026-10-01) · OPRA historical data

Spot $1,151.5 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.15

177k P / 153k C

Put/Call (Volume)

0.69

11k P / 16k C that session

30d ATM IV

42%

annualized implied move

Call wall

$1,300

7k contracts

Put wall

$1,000

8k contracts

Tail hedging

1.7×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.15 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $1,300 (7k contracts), 13% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $1,000 (8k contracts), 13% below spot — the hedge floor; often acts as support.

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 2026-10-30. 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
2026-10-02	18k	16k	0.87	9k
2026-10-09	6k	7k	1.12	4k
2026-10-16	19k	25k	1.30	4k
2026-10-23	10k	6k	0.59	1k
2026-10-30	2k	3k	2.09	2k
2026-11-06	165	1k	7.02	1k
2026-11-13	0	0	—	64
2026-11-20	11k	12k	1.16	3k
2026-12-18	16k	22k	1.37	678
2027-01-15	24k	33k	1.36	2k
2027-03-19	7k	10k	1.44	448
2027-04-16	960	2k	2.22	324
2027-06-17	18k	15k	0.83	432
2027-09-17	3k	2k	0.75	194
2027-12-17	4k	5k	1.14	15
2028-01-21	8k	9k	1.14	37
2028-06-16	2k	3k	1.29	22
2028-12-15	4k	6k	1.41	109
2029-01-19	150	292	1.95	13

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.