MT Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $73.8.

Put/Call (OI)

0.79

25k P / 32k C

Put/Call (Volume)

2.79

623 P / 223 C today

30d ATM IV

41%

annualized implied move

Call wall

$80

4k contracts

Put wall

$27

3k contracts

Tail hedging

3.8×

deep-OTM puts vs calls

What the positioning says

●Call wall at $80 (4k contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $27 (3k contracts), 63% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.8× 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	6k	3k	0.55	334
2026-08-28	135	136	1.01	106
2026-09-04	59	41	0.69	6
2026-09-11	3	18	6.00	8
2026-09-18	6k	5k	0.81	92
2026-09-25	48	20	0.42	62
2026-10-02	0	0	—	22
2026-12-18	1k	2k	1.48	28
2027-01-15	15k	12k	0.78	27
2027-03-19	67	64	0.96	5
2028-01-21	4k	3k	0.89	156

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