ROKU Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $157.99.

Put/Call (OI)

0.94

52k P / 55k C

Put/Call (Volume)

0.30

630 P / 2k C today

30d ATM IV

15%

annualized implied move

Call wall

$165

3k contracts

Put wall

$30

7k contracts

Tail hedging

7.2×

deep-OTM puts vs calls

What the positioning says

●Call wall at $165 (3k contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $30 (7k contracts), 81% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 7.2× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 15% — calm pricing; option premium is cheap.

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	3k	2k	0.52	471
2026-08-28	3k	842	0.33	265
2026-09-04	98	219	2.23	46
2026-09-11	182	213	1.17	18
2026-09-18	12k	9k	0.77	484
2026-09-25	2k	39	0.02	529
2026-10-02	4	120	30.00	9
2026-10-16	4k	2k	0.50	621
2026-12-18	9k	5k	0.63	84
2027-01-15	14k	29k	2.00	81
2027-03-19	1k	1k	0.81	52
2027-06-17	968	474	0.49	4
2028-01-21	3k	1k	0.39	4
2028-12-15	3k	709	0.25	36

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