O Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $54.13 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.61

61k P / 100k C

Put/Call (Volume)

0.43

2k P / 5k C that session

30d ATM IV

17%

annualized implied move

Call wall

$57.5

26k contracts

Put wall

$50

7k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.61 puts per call outstanding.
●Call wall at $57.5 (26k contracts), 6% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (7k contracts), 8% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 5.6× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 17% — calm pricing; option premium is cheap.

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 2026-10-16. 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
2026-10-16	28k	6k	0.19	1k
2026-11-20	6k	6k	0.96	2k
2026-12-18	20k	14k	0.71	627
2027-01-15	23k	18k	0.78	667
2027-03-19	9k	6k	0.73	1k
2027-06-17	3k	3k	1.01	153
2027-09-17	1k	1k	1.05	314
2028-01-21	9k	6k	0.73	338
2029-01-19	649	333	0.51	42

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.