NTNX Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $66.

Put/Call (OI)

0.58

24k P / 42k C

Put/Call (Volume)

0.14

50 P / 358 C today

30d ATM IV

65%

annualized implied move

Call wall

$80

10k contracts

Put wall

$40

14k contracts

Tail hedging

1.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.58 puts per call outstanding.
●Call wall at $80 (10k contracts), 21% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $40 (14k contracts), 39% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 65% — 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	7k	1k	0.16	128
2026-09-18	8k	2k	0.31	154
2026-10-16	2k	2k	1.07	48
2027-01-15	22k	5k	0.22	71
2028-01-21	2k	14k	6.66	4
2028-06-16	5	12	2.40	1
2028-12-15	601	547	0.91	2

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