NOW Options Chain Analysis

As of previous close (2026-10-08) · OPRA historical data

Spot $139.75 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.87

538k P / 622k C

Put/Call (Volume)

0.38

24k P / 64k C that session

30d ATM IV

62%

annualized implied move

Call wall

$150

62k contracts

Put wall

$85

33k contracts

Tail hedging

1.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $150 (62k contracts), 7% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $85 (33k contracts), 39% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 62% — 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 2026-11-06. 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
2026-10-09	28k	20k	0.71	35k
2026-10-16	83k	64k	0.78	24k
2026-10-23	14k	17k	1.21	7k
2026-10-30	8k	10k	1.28	3k
2026-11-06	3k	2k	0.63	909
2026-11-13	1k	501	0.47	310
2026-11-20	52k	51k	0.98	4k
2026-11-27	0	0	—	134
2026-12-18	83k	60k	0.72	4k
2027-01-15	141k	123k	0.88	5k
2027-02-19	8k	8k	1.00	245
2027-03-19	29k	36k	1.27	3k
2027-05-21	616	551	0.89	353
2027-06-17	70k	62k	0.88	636
2027-09-17	11k	9k	0.80	137
2028-01-21	88k	68k	0.78	1k
2028-12-15	2k	6k	2.47	343
2029-01-19	440	1k	2.30	102

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.