OKE Options Chain Analysis

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

Spot $87.91 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.31

24k P / 78k C

Put/Call (Volume)

0.32

607 P / 2k C that session

30d ATM IV

27%

annualized implied move

Call wall

$100

16k contracts

Put wall

$85

4k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.31 puts per call outstanding.
●Call wall at $100 (16k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $85 (4k contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 5.4× 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 2026-10-16. 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	17k	6k	0.38	1k
2026-11-20	6k	1k	0.22	281
2026-12-18	9k	4k	0.42	576
2027-01-15	34k	7k	0.19	248
2027-03-19	3k	2k	0.61	6
2027-04-16	394	76	0.19	0
2027-06-17	3k	2k	0.48	126
2027-09-17	372	130	0.35	5
2028-01-21	5k	3k	0.57	137
2029-01-19	196	58	0.30	4

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.