QSR Options Chain Analysis

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

Spot $69.76 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.26

7k P / 28k C

Put/Call (Volume)

0.01

219 P / 26k C that session

30d ATM IV

25%

annualized implied move

Call wall

$77.5

9k contracts

Put wall

$50

2k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.26 puts per call outstanding.
●Call wall at $77.5 (9k contracts), 11% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (2k contracts), 28% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 6.0× deep-OTM put OI — speculative upside positioning dominates the tails.

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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	21k	2k	0.12	26k
2026-11-20	738	261	0.35	58
2026-12-18	18	165	9.17	52
2027-01-15	5k	4k	0.80	8
2027-04-16	73	80	1.10	1
2027-06-17	1k	286	0.20	1
2028-01-21	123	1	0.01	4
2029-01-19	29	2	0.07	2

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.