QCOM Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $162.32.

Put/Call (OI)

0.89

466k P / 521k C

Put/Call (Volume)

0.71

22k P / 31k C today

30d ATM IV

43%

annualized implied move

Call wall

$200

48k contracts

Put wall

$130

30k contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Call wall at $200 (48k contracts), 23% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $130 (30k contracts), 20% below spot — the hedge floor; often acts as support.

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	112k	64k	0.58	19k
2026-08-28	12k	7k	0.57	5k
2026-09-04	10k	4k	0.44	3k
2026-09-11	6k	3k	0.41	2k
2026-09-18	85k	64k	0.76	8k
2026-09-25	1k	763	0.53	420
2026-10-02	256	18	0.07	202
2026-10-16	35k	32k	0.93	3k
2026-11-20	22k	29k	1.32	2k
2026-12-18	49k	48k	0.98	5k
2027-01-15	102k	112k	1.09	2k
2027-02-19	4k	4k	1.09	260
2027-03-19	18k	21k	1.13	1k
2027-06-17	28k	39k	1.38	2k
2028-01-21	31k	34k	1.09	897
2028-06-16	1k	760	0.73	35
2028-12-15	3k	3k	0.96	585

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