PINS Options Chain Analysis

As of previous close (2026-08-27) · OPRA historical data

Spot $23.35 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.87

140k P / 160k C

Put/Call (Volume)

0.43

1k P / 3k C that session

30d ATM IV

41%

annualized implied move

Call wall

$25

19k contracts

Put wall

$18

22k contracts

Tail hedging

1.0×

deep-OTM puts vs calls

What the positioning says

●Call wall at $25 (19k contracts), 7% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $18 (22k contracts), 23% 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 2026-09-25. 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
2026-10-02	230	168	0.73	264
2026-10-16	1k	599	0.49	424
2026-11-20	12k	8k	0.64	170
2026-12-18	17k	18k	1.07	18
2027-01-15	40k	29k	0.71	156
2027-02-19	1k	980	0.85	135
2027-03-19	8k	13k	1.59	18
2027-06-17	1k	2k	1.36	4
2027-09-17	57	2	0.04	20
2027-12-17	6k	9k	1.54	9
2028-01-21	21k	13k	0.62	26

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.