OHI Options Chain Analysis

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

Spot $45.72 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.29

11k P / 8k C

Put/Call (Volume)

0.13

24 P / 189 C that session

30d ATM IV

22%

annualized implied move

Call wall

$50

2k contracts

Put wall

$44

7k contracts

Tail hedging

1.7×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.29 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $50 (2k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $44 (7k contracts), 4% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 22% — 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	2k	541	0.33	79
2026-11-20	185	7k	37.80	53
2026-12-18	1k	556	0.38	45
2027-01-15	3k	2k	0.66	24
2027-03-19	384	371	0.97	11
2028-01-21	2k	224	0.15	1

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.