RKT Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $14.5.

Put/Call (OI)

0.30

232k P / 780k C

Put/Call (Volume)

0.11

8k P / 70k C today

30d ATM IV

51%

annualized implied move

Call wall

$18

109k contracts

Put wall

$13

34k contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.30 puts per call outstanding.
●Call wall at $18 (109k contracts), 24% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $13 (34k contracts), 10% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 4.5× 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 2026-09-18. 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	85k	41k	0.48	9k
2026-08-28	10k	5k	0.47	1k
2026-09-04	10k	1k	0.12	1k
2026-09-11	4k	822	0.19	930
2026-09-18	221k	60k	0.27	7k
2026-09-25	2k	164	0.09	46
2026-10-02	8	3	0.38	150
2026-10-16	64k	15k	0.23	264
2026-11-20	44k	1k	0.03	393
2026-12-18	49k	31k	0.63	2k
2027-01-15	127k	52k	0.41	4k
2027-03-19	85k	5k	0.05	406
2027-06-17	48k	8k	0.16	129
2028-01-21	31k	13k	0.42	50k

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