PG Options Chain Analysis

As of previous close (2026-10-08) · OPRA historical data

Spot $150.62 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.74

154k P / 208k C

Put/Call (Volume)

0.43

7k P / 15k C that session

30d ATM IV

23%

annualized implied move

Call wall

$155

44k contracts

Put wall

$130

33k contracts

Tail hedging

2.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $155 (44k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $130 (33k contracts), 14% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.4× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 23% — 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 2026-11-06. 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
2026-10-09	9k	5k	0.56	4k
2026-10-16	60k	35k	0.58	5k
2026-10-23	5k	3k	0.71	2k
2026-10-30	4k	2k	0.52	400
2026-11-06	3k	694	0.26	191
2026-11-13	429	57	0.13	92
2026-11-20	17k	16k	0.91	7k
2026-11-27	0	0	—	11
2026-12-18	31k	18k	0.59	818
2027-01-15	39k	27k	0.70	646
2027-02-19	2k	3k	1.73	53
2027-03-19	14k	19k	1.35	744
2027-04-16	460	2k	4.86	371
2027-06-17	12k	10k	0.85	244
2027-09-17	2k	2k	0.74	465
2028-01-21	10k	11k	1.12	51
2029-01-19	467	172	0.37	58

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.