RCL Options Chain Analysis

As of previous close (2026-09-11) · OPRA historical data

Spot $261.01 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

2.01

75k P / 37k C

Put/Call (Volume)

0.98

1k P / 1k C that session

30d ATM IV

36%

annualized implied move

Call wall

$310

5k contracts

Put wall

$250

21k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 2.01 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $310 (5k contracts), 19% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $250 (21k contracts), 4% 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 2026-10-09. 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
2026-09-18	9k	29k	3.21	776
2026-09-25	349	502	1.44	233
2026-10-02	2k	578	0.27	107
2026-10-09	133	593	4.46	43
2026-10-16	1k	2k	1.61	100
2026-10-23	31	75	2.42	35
2026-10-30	10	16	1.60	23
2026-11-20	2k	1k	0.59	109
2026-12-18	3k	20k	5.73	145
2027-01-15	12k	12k	0.96	153
2027-03-19	1k	4k	3.26	197
2027-06-17	2k	961	0.51	9
2027-09-17	443	130	0.29	11
2028-01-21	2k	4k	1.58	25

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.