POWI Options Chain Analysis

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

Spot $51.5 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.29

2k P / 6k C

Put/Call (Volume)

0.43

3 P / 7 C that session

30d ATM IV

53%

annualized implied move

Call wall

$60

2k contracts

Put wall

$50

683 contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.29 puts per call outstanding.
●Call wall at $60 (2k contracts), 17% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (683 contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 12.6× deep-OTM put OI — speculative upside positioning dominates the tails.

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 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	3k	381	0.14	3
2026-11-20	2k	922	0.41	5
2026-12-18	81	138	1.70	0
2027-01-15	1k	342	0.30	0
2027-04-16	15	10	0.67	0
2027-06-17	329	109	0.33	2

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.