LOW Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $216.83.

Put/Call (OI)

1.05

63k P / 60k C

Put/Call (Volume)

0.61

3k P / 5k C today

30d ATM IV

33%

annualized implied move

Call wall

$250

7k contracts

Put wall

$195

10k contracts

Tail hedging

0.8×

deep-OTM puts vs calls

What the positioning says

●Call wall at $250 (7k contracts), 15% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $195 (10k contracts), 10% 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 2026-09-18. 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 today
2026-08-21	10k	12k	1.14	3k
2026-08-28	606	1k	1.88	290
2026-09-04	330	328	0.99	47
2026-09-11	154	416	2.70	45
2026-09-18	19k	19k	1.03	4k
2026-09-25	176	59	0.34	82
2026-10-02	0	5	—	77
2026-10-16	5k	9k	1.76	230
2026-12-18	5k	4k	0.84	271
2027-01-15	10k	11k	1.03	74
2027-03-19	2k	2k	0.92	17
2027-06-17	4k	2k	0.48	99
2028-01-21	3k	2k	0.69	68

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