LNG Options Chain Analysis

As of previous close (2026-10-16) · OPRA historical data

Spot $277.46 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.49

29k P / 58k C

Put/Call (Volume)

0.67

848 P / 1k C that session

30d ATM IV

33%

annualized implied move

Call wall

$300

9k contracts

Put wall

$230

3k contracts

Tail hedging

0.8×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.49 puts per call outstanding.
●Call wall at $300 (9k contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $230 (3k contracts), 17% 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 2026-11-13. 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
2026-10-23	1k	853	0.74	618
2026-10-30	617	173	0.28	60
2026-11-06	275	258	0.94	38
2026-11-13	157	53	0.34	4
2026-11-20	8k	3k	0.41	328
2026-11-27	108	174	1.61	10
2026-12-18	6k	2k	0.28	24
2027-01-15	21k	12k	0.58	53
2027-03-19	2k	1k	0.71	57
2027-06-17	4k	3k	0.73	12
2028-01-21	4k	2k	0.61	179
2029-01-19	118	33	0.28	3

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.