QNT Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-20. Spot $57.17.

Put/Call (OI)

0.71

10k P / 14k C

Put/Call (Volume)

1.73

1k P / 743 C today

30d ATM IV

82%

annualized implied move

Call wall

$80

4k contracts

Put wall

$50

2k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Call wall at $80 (4k contracts), 40% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (2k contracts), 13% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.0× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 82% — 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	Volume today
2026-08-21	7k	4k	0.57	433
2026-09-18	3k	2k	0.80	964
2026-10-16	1k	2k	1.59	314
2027-01-15	2k	1k	0.81	182
2028-01-21	1k	218	0.19	133

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