ORLY Options Chain Analysis

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

Spot $84.9 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.49

18k P / 36k C

Put/Call (Volume)

0.47

152 P / 326 C that session

30d ATM IV

24%

annualized implied move

Call wall

$95

8k contracts

Put wall

$80

3k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.49 puts per call outstanding.
●Call wall at $95 (8k contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $80 (3k contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 6.0× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 24% — 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	8k	5k	0.69	25
2026-11-20	9k	4k	0.44	92
2026-12-18	3k	2k	0.63	214
2027-01-15	7k	4k	0.54	17
2027-02-19	777	223	0.29	0
2027-03-19	1k	1k	0.97	38
2027-05-21	90	18	0.20	0
2027-06-17	748	558	0.75	92
2027-09-17	383	312	0.81	0
2028-01-21	6k	444	0.07	0
2029-01-19	18	4	0.22	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.