LVS Options Chain Analysis

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

Spot $36.23 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.47

56k P / 119k C

Put/Call (Volume)

0.41

1k P / 3k C that session

30d ATM IV

39%

annualized implied move

Call wall

$40

27k contracts

Put wall

$35

8k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.47 puts per call outstanding.
●Call wall at $40 (27k contracts), 10% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $35 (8k contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 9.1× deep-OTM put OI — speculative upside positioning dominates the tails.

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
2026-10-09	1k	349	0.24	1k
2026-10-16	12k	9k	0.73	495
2026-10-23	502	332	0.66	166
2026-10-30	392	339	0.86	84
2026-11-06	159	269	1.69	64
2026-11-13	5	29	5.80	50
2026-11-20	8k	7k	0.86	546
2026-12-18	29k	9k	0.30	88
2027-01-15	21k	13k	0.61	379
2027-03-19	8k	3k	0.37	329
2027-06-17	20k	3k	0.16	694
2027-09-17	1k	2k	1.32	30
2028-01-21	13k	5k	0.41	69
2029-01-19	1k	1k	0.99	94

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.