NVT Options Chain Analysis

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

Spot $146.13 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.48

6k P / 12k C

Put/Call (Volume)

0.13

24 P / 187 C that session

30d ATM IV

59%

annualized implied move

Call wall

$150

2k contracts

Put wall

$140

782 contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.48 puts per call outstanding.
●Call wall at $150 (2k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $140 (782 contracts), 4% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.9× deep-OTM put OI — speculative upside positioning dominates the tails.

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
2026-11-20	6k	3k	0.44	143
2026-12-18	247	278	1.13	33
2027-01-15	4k	2k	0.59	15
2027-02-19	1k	571	0.50	9
2027-05-21	46	60	1.30	1
2027-12-17	777	46	0.06	0
2028-01-21	218	79	0.36	8
2029-01-19	48	6	0.13	2

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.