RIVN Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-17. Spot $14.91.

Put/Call (OI)

0.91

1.1M P / 1.2M C

Put/Call (Volume)

0.55

37k P / 66k C today

30d ATM IV

54%

annualized implied move

Call wall

$20

206k contracts

Put wall

301k contracts

Tail hedging

0.8×

deep-OTM puts vs calls

What the positioning says

●Call wall at $20 (206k contracts), 34% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $5 (301k contracts), 66% 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 2026-09-18. 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 today
2026-08-21	68k	49k	0.72	39k
2026-08-28	16k	9k	0.57	12k
2026-09-04	8k	4k	0.51	6k
2026-09-11	7k	4k	0.57	2k
2026-09-18	265k	144k	0.54	18k
2026-09-25	1k	778	0.58	2k
2026-10-02	1k	35	0.03	572
2026-10-16	27k	19k	0.70	4k
2026-12-18	167k	162k	0.97	5k
2027-01-15	280k	233k	0.83	6k
2027-03-19	26k	2k	0.07	2k
2027-06-17	36k	8k	0.23	2k
2027-09-17	11k	3k	0.25	336
2027-12-17	53k	207k	3.92	670
2028-01-21	156k	76k	0.49	966
2028-06-16	14k	12k	0.83	861
2028-12-15	37k	138k	3.68	1k

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