MTSI Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $322.62.

Put/Call (OI)

0.47

8k P / 18k C

Put/Call (Volume)

0.13

139 P / 1k C today

30d ATM IV

61%

annualized implied move

Call wall

$350

2k contracts

Put wall

$220

935 contracts

Tail hedging

0.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.47 puts per call outstanding.
●Call wall at $350 (2k contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $220 (935 contracts), 32% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 61% — the market prices very large moves; option premium is expensive.

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.

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 today
2026-08-21	11k	3k	0.27	84
2026-09-18	3k	3k	0.98	193
2026-11-20	2k	1k	0.51	848
2026-12-18	1k	987	0.89	35
2027-02-19	533	522	0.98	53

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