PPG Options Chain Analysis

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

Spot $105.76 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.32

4k P / 13k C

Put/Call (Volume)

0.08

52 P / 657 C that session

30d ATM IV

36%

annualized implied move

Call wall

$130

2k contracts

Put wall

$95

519 contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.32 puts per call outstanding.
●Call wall at $130 (2k contracts), 23% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $95 (519 contracts), 10% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 4.9× 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 2026-10-30. 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	211	249	1.18	239
2026-10-16	2k	429	0.25	41
2026-10-23	478	124	0.26	0
2026-10-30	20	11	0.55	14
2026-11-06	1	10	10.00	269
2026-11-13	0	0	—	4
2026-11-20	618	458	0.74	27
2026-12-18	3k	924	0.36	26
2027-01-15	4k	999	0.25	2
2027-02-19	444	279	0.63	23
2027-03-19	275	166	0.60	4
2027-05-21	0	8	—	0
2027-06-17	47	28	0.60	0
2027-09-17	10	21	2.10	0
2028-01-21	2k	377	0.18	0
2029-01-19	12	12	1.00	0

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.