MUFG Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $22.52.

Put/Call (OI)

0.07

602 P / 8k C

Put/Call (Volume)

0.01

1 P / 101 C today

30d ATM IV

37%

annualized implied move

Call wall

$25

323 contracts

Put wall

$15

197 contracts

Tail hedging

1.5×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.07 puts per call outstanding.
●Call wall at $25 (323 contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $15 (197 contracts), 33% 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	7k	364	0.06	11
2026-09-18	15	27	1.80	0
2026-11-20	2k	183	0.12	90
2027-02-19	109	28	0.26	1

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