MAA Options Chain Analysis

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

Spot $115.33 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

2.53

6k P / 2k C

Put/Call (Volume)

1.73

521 P / 302 C that session

30d ATM IV

21%

annualized implied move

Call wall

$130

465 contracts

Put wall

$110

670 contracts

Tail hedging

1.0×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 2.53 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $130 (465 contracts), 13% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $110 (670 contracts), 5% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 21% — calm pricing; option premium is cheap.

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 2026-10-16. 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
2026-10-16	428	642	1.50	62
2026-11-20	411	163	0.40	440
2026-12-18	953	3k	3.26	135
2027-03-19	314	641	2.04	125
2027-08-20	48	21	0.44	52
2027-09-17	38	967	25.45	9

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.