PBR Options Chain Analysis

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

Spot $21.7 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.80

1.0M P / 1.3M C

Put/Call (Volume)

0.34

25k P / 73k C that session

30d ATM IV

60%

annualized implied move

Call wall

$25

199k contracts

Put wall

$10

177k contracts

Tail hedging

1.7×

deep-OTM puts vs calls

What the positioning says

●Call wall at $25 (199k contracts), 15% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $10 (177k contracts), 54% 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 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	15k	17k	1.15	25k
2026-10-16	156k	108k	0.69	24k
2026-10-23	4k	4k	0.84	2k
2026-10-30	14k	17k	1.20	12k
2026-11-06	4k	2k	0.52	404
2026-11-13	0	1	—	29
2026-11-20	416k	75k	0.18	14k
2026-12-18	166k	296k	1.79	7k
2027-01-15	219k	311k	1.42	2k
2027-02-19	5k	5k	0.93	236
2027-03-19	41k	68k	1.64	6k
2027-04-16	738	274	0.37	80
2027-06-17	47k	23k	0.49	69
2027-09-17	295	116	0.39	25
2027-12-17	84k	28k	0.33	18
2028-01-21	72k	41k	0.57	44
2028-02-18	10k	6k	0.65	103
2029-01-19	273	212	0.78	5

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.