PEG Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $75.61.

Put/Call (OI)

0.57

9k P / 16k C

Put/Call (Volume)

0.62

63 P / 102 C today

30d ATM IV

18%

annualized implied move

Call wall

$85

5k contracts

Put wall

$70

6k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.57 puts per call outstanding.
●Call wall at $85 (5k contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $70 (6k contracts), 7% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 13.7× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 18% — 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 2026-09-18. 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 today
2026-08-21	6k	4k	0.68	53
2026-09-18	3k	4k	1.48	92
2026-11-20	5k	514	0.11	12
2026-12-18	579	49	0.08	0
2027-01-15	2k	779	0.37	7
2027-03-19	420	38	0.09	1

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.