RCL Options Chain Analysis

As of previous close (2026-10-27) · OPRA historical data

Spot $296.43 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.54

67k P / 44k C

Put/Call (Volume)

3.86

37k P / 10k C that session

30d ATM IV

45%

annualized implied move

Call wall

$310

4k contracts

Put wall

$270

14k contracts

Tail hedging

3.5×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.54 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $310 (4k contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $270 (14k contracts), 9% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.5× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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 2026-11-27. 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
2026-10-30	4k	5k	1.16	10k
2026-11-06	734	926	1.26	858
2026-11-13	628	589	0.94	560
2026-11-20	9k	5k	0.57	2k
2026-11-27	162	318	1.96	187
2026-12-04	13	67	5.15	69
2026-12-18	5k	21k	4.31	14k
2027-01-15	13k	13k	1.03	781
2027-03-19	3k	8k	2.94	19k
2027-06-17	3k	5k	1.95	541
2027-09-17	2k	3k	1.56	87
2028-01-21	3k	4k	1.32	275
2029-01-19	405	208	0.51	136

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.