PWR Options Chain Analysis

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

Spot $676.56 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.66

29k P / 17k C

Put/Call (Volume)

2.04

1k P / 594 C that session

30d ATM IV

35%

annualized implied move

Call wall

$700

1k contracts

Put wall

$560

4k contracts

Tail hedging

3.0×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.66 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $700 (1k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $560 (4k contracts), 17% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.0× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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.

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
2026-10-16	4k	14k	3.29	676
2026-11-20	2k	2k	1.16	340
2026-12-18	4k	5k	1.42	283
2027-01-15	3k	4k	1.03	196
2027-02-19	579	560	0.97	49
2027-03-19	767	551	0.72	58
2027-05-21	24	135	5.63	2
2027-06-17	558	1k	1.92	100
2027-09-17	128	141	1.10	91
2028-01-21	2k	1k	0.77	7
2029-01-19	81	61	0.75	1

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.