PAM Options Chain Analysis

As of previous close (2026-08-28) · OPRA historical data

Spot $81.14 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.28

2k P / 2k C

Put/Call (Volume)

2.78

100 P / 36 C that session

30d ATM IV

34%

annualized implied move

Call wall

$95

432 contracts

Put wall

$60

1k contracts

Tail hedging

1.5×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.28 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $95 (432 contracts), 17% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $60 (1k contracts), 26% below spot — the hedge floor; often acts as support.

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
2026-12-18	373	2k	4.27	55
2027-03-19	130	11	0.08	22

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.