NBIS Options Chain Analysis

As of previous close (2026-10-21) · OPRA historical data

Spot $167.78 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.94

821k P / 873k C

Put/Call (Volume)

0.53

70k P / 133k C that session

30d ATM IV

93%

annualized implied move

Call wall

$300

58k contracts

Put wall

$150

43k contracts

Tail hedging

0.7×

deep-OTM puts vs calls

What the positioning says

●Call wall at $300 (58k contracts), 79% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $150 (43k contracts), 11% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 93% — 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 2026-11-20. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-23	105k	65k	0.62	84k
2026-10-30	50k	39k	0.79	27k
2026-11-06	31k	17k	0.55	7k
2026-11-13	12k	16k	1.27	5k
2026-11-20	85k	98k	1.15	23k
2026-11-27	5k	7k	1.28	2k
2026-12-18	93k	79k	0.85	14k
2027-01-15	188k	201k	1.07	13k
2027-02-19	24k	17k	0.72	2k
2027-03-19	42k	51k	1.21	2k
2027-04-16	5k	10k	1.85	8k
2027-05-21	14k	5k	0.34	573
2027-06-17	34k	56k	1.65	3k
2027-09-17	6k	19k	3.26	1k
2027-12-17	27k	24k	0.89	2k
2028-01-21	101k	76k	0.76	8k
2028-06-16	7k	7k	1.00	421
2028-12-15	38k	31k	0.82	976
2029-01-19	6k	2k	0.44	230

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.