RYAAY Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $57.68.

Put/Call (OI)

1.43

3k P / 2k C

Put/Call (Volume)

18.07

488 P / 27 C today

30d ATM IV

35%

annualized implied move

Call wall

$70

825 contracts

Put wall

$55

1k contracts

Tail hedging

0.7×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.43 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $70 (825 contracts), 21% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $55 (1k contracts), 5% 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	1k	1k	0.84	18
2026-09-18	603	2k	3.34	494
2026-12-18	535	401	0.75	3
2027-03-19	59	20	0.34	0

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