QXO Options Chain Analysis

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

Spot $13.22 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.25

127k P / 499k C

Put/Call (Volume)

1.33

8k P / 6k C that session

30d ATM IV

57%

annualized implied move

Call wall

$22

108k contracts

Put wall

$13

23k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.25 puts per call outstanding.
●Call wall at $22 (108k contracts), 66% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $13 (23k contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 15.1× 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 2026-10-02. 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
2026-10-02	950	513	0.54	202
2026-10-09	51	69	1.35	56
2026-10-16	24k	23k	0.99	6k
2026-11-20	42k	17k	0.40	368
2027-01-15	94k	26k	0.27	708
2027-02-19	1k	2k	1.73	14
2027-03-19	224k	4k	0.02	79
2027-06-17	4k	2k	0.46	43
2027-09-17	3k	2k	0.57	58
2027-12-17	24k	5k	0.21	251
2028-01-21	35k	8k	0.22	347

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.