LYV Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $188.46.

Put/Call (OI)

1.09

85k P / 78k C

Put/Call (Volume)

0.31

203 P / 646 C today

30d ATM IV

25%

annualized implied move

Call wall

$190

8k contracts

Put wall

$120

15k contracts

Tail hedging

24.6×

deep-OTM puts vs calls

What the positioning says

●Call wall at $190 (8k contracts), 1% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $120 (15k contracts), 36% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 24.6× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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	6k	2k	0.41	341
2026-08-28	84	107	1.27	92
2026-09-04	453	18	0.04	2
2026-09-11	17	79	4.65	2
2026-09-18	9k	7k	0.77	116
2026-09-25	5	51	10.20	5
2026-10-02	0	1	—	0
2026-10-16	418	2k	5.44	9
2026-11-20	1	103	103.00	83
2026-12-18	11k	8k	0.75	4
2027-01-15	47k	53k	1.13	157
2027-03-19	315	858	2.72	11
2027-06-17	254	213	0.84	16
2028-01-21	4k	8k	1.98	9
2028-06-16	28	3k	116.46	2

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