SANM Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $229.04 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.76

5k P / 7k C

Put/Call (Volume)

0.34

272 P / 800 C that session

30d ATM IV

58%

annualized implied move

Call wall

$240

1k contracts

Put wall

$220

1k contracts

Tail hedging

2.1×

deep-OTM puts vs calls

What the positioning says

●Call wall at $240 (1k contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $220 (1k contracts), 4% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.1× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	4k	4k	0.80	681
2026-11-20	306	316	1.03	52
2026-12-18	675	413	0.61	311
2027-01-15	798	560	0.70	26
2027-04-16	228	49	0.21	2
2028-01-21	138	128	0.93	0
2029-01-19	32	0	0.00	0

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.