PUK Options Chain Analysis

As of previous close (2026-09-02) · OPRA historical data

Spot $27.08 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

2.00

32 P / 16 C

Put/Call (Volume)

—

0 P / 0 C that session

30d ATM IV

62%

annualized implied move

Call wall

$30

10 contracts

Put wall

$20

17 contracts

Tail hedging

1.3×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 2.00 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $30 (10 contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $20 (17 contracts), 26% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 62% — the market prices very large moves; option premium is expensive.

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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C
2026-09-18	8	20	2.50
2026-10-16	3	0	0.00
2026-11-20	4	8	2.00
2027-02-19	1	4	4.00

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.