RSG Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $215.15.

Put/Call (OI)

0.82

3k P / 4k C

Put/Call (Volume)

0.51

520 P / 1k C today

30d ATM IV

20%

annualized implied move

Call wall

$230

1k contracts

Put wall

$210

989 contracts

Tail hedging

0.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $230 (1k contracts), 7% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $210 (989 contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.8× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 20% — 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	2k	1k	0.60	835
2026-09-18	419	326	0.78	130
2026-10-16	1k	1k	1.22	13
2026-11-20	0	0	—	146
2027-01-15	380	369	0.97	415

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