NVT Options Chain Analysis

As of previous close (2026-09-02) · OPRA historical data

Spot $146.55 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.35

6k P / 18k C

Put/Call (Volume)

0.54

22 P / 41 C that session

30d ATM IV

48%

annualized implied move

Call wall

$195

4k contracts

Put wall

$140

879 contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.35 puts per call outstanding.
●Call wall at $195 (4k contracts), 33% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $140 (879 contracts), 4% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 6.5× 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-09-18	7k	2k	0.30	36
2026-10-16	1k	452	0.38	14
2026-11-20	4k	1k	0.29	5
2027-01-15	4k	2k	0.58	6
2027-02-19	1k	425	0.40	2
2027-12-17	753	9	0.01	0

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.