NU Options Chain Analysis

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

Spot $15.06 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.54

785k P / 1.4M C

Put/Call (Volume)

1.36

82k P / 60k C that session

30d ATM IV

67%

annualized implied move

Call wall

$17

191k contracts

Put wall

$13

200k contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.54 puts per call outstanding.
●Call wall at $17 (191k contracts), 13% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $13 (200k contracts), 14% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 67% — 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	73k	17k	0.24	3k
2026-10-30	40k	46k	1.13	35k
2026-11-06	7k	8k	1.20	804
2026-11-13	7k	3k	0.35	600
2026-11-20	417k	188k	0.45	82k
2026-11-27	641	1k	1.81	175
2026-12-18	239k	46k	0.19	10k
2027-01-15	359k	223k	0.62	7k
2027-03-19	49k	66k	1.36	685
2027-04-16	25k	6k	0.23	95
2027-06-17	22k	29k	1.30	2k
2027-09-17	17k	31k	1.79	41
2027-12-17	37k	17k	0.47	13
2028-01-21	140k	102k	0.73	312
2029-01-19	17k	3k	0.16	171

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.