PRU Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $125.13.

Put/Call (OI)

0.99

41k P / 41k C

Put/Call (Volume)

0.89

504 P / 565 C today

30d ATM IV

19%

annualized implied move

Call wall

$130

5k contracts

Put wall

$100

6k contracts

Tail hedging

9.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $130 (5k contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $100 (6k contracts), 20% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 9.4× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 19% — 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	5k	4k	0.83	65
2026-09-18	9k	7k	0.75	336
2026-12-18	8k	6k	0.73	419
2027-01-15	10k	13k	1.27	54
2027-03-19	3k	2k	0.59	27
2027-06-17	2k	4k	1.79	98
2027-12-17	1k	2k	1.70	14
2028-01-21	3k	3k	1.23	56

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