PLD Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $140.42.

Put/Call (OI)

0.90

33k P / 37k C

Put/Call (Volume)

0.40

115 P / 290 C today

30d ATM IV

21%

annualized implied move

Call wall

$155

5k contracts

Put wall

$125

6k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $155 (5k contracts), 10% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $125 (6k contracts), 11% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 21% — 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	6k	1.01	97
2026-09-18	9k	8k	0.86	184
2026-10-16	3k	2k	0.53	23
2026-11-20	1k	718	0.52	14
2026-12-18	1k	2k	1.93	55
2027-01-15	10k	8k	0.82	5
2027-02-19	562	3k	6.04	2
2027-03-19	645	979	1.52	2
2027-06-17	3k	1k	0.41	1
2028-01-21	1k	573	0.41	22

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