MDLZ Options Chain Analysis

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

Spot $58.19 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.83

38k P / 46k C

Put/Call (Volume)

0.16

731 P / 4k C that session

30d ATM IV

26%

annualized implied move

Call wall

$70

11k contracts

Put wall

$50

9k contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $70 (11k contracts), 20% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (9k contracts), 14% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.3× 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	267	86	0.32	104
2026-10-16	4k	2k	0.55	505
2026-10-23	298	318	1.07	41
2026-10-30	193	96	0.50	12
2026-11-06	179	84	0.47	40
2026-11-13	1	1	1.00	0
2026-11-20	2k	1k	0.46	3k
2026-12-18	12k	4k	0.37	1k
2027-01-15	11k	19k	1.67	43
2027-03-19	3k	3k	0.81	17
2027-06-17	5k	2k	0.34	156
2027-09-17	304	25	0.08	0
2028-01-21	4k	5k	1.31	8
2029-01-19	2k	406	0.24	588

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.