MTRN Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $287.79.

Put/Call (OI)

0.38

564 P / 1k C

Put/Call (Volume)

4.33

13 P / 3 C today

30d ATM IV

54%

annualized implied move

Call wall

$310

71 contracts

Put wall

$280

141 contracts

Tail hedging

1.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.38 puts per call outstanding.
●Call wall at $310 (71 contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $280 (141 contracts), 3% below spot — the hedge floor; often acts as support.

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	122	183	1.50	2
2026-09-18	934	175	0.19	11
2026-12-18	340	178	0.52	1
2027-03-19	85	28	0.33	2

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