MTB Options Chain Analysis

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

Spot $219.14 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.45

2k P / 5k C

Put/Call (Volume)

16.92

220 P / 13 C that session

30d ATM IV

29%

annualized implied move

Call wall

$260

931 contracts

Put wall

$210

278 contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.45 puts per call outstanding.
●Call wall at $260 (931 contracts), 19% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $210 (278 contracts), 4% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.4× 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 2026-10-16. 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	1k	180	0.13	52
2026-11-20	150	71	0.47	19
2026-12-18	982	595	0.61	3
2027-01-15	860	393	0.46	0
2027-02-19	162	77	0.48	0
2027-03-19	437	94	0.22	0
2027-04-16	29	25	0.86	11
2027-06-17	369	230	0.62	2
2027-09-17	99	207	2.09	125
2027-12-17	429	342	0.80	21

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.