SBUX Options Chain Analysis

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

Spot $94.72 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.00

232k P / 232k C

Put/Call (Volume)

0.66

4k P / 7k C that session

30d ATM IV

36%

annualized implied move

Call wall

$110

35k contracts

Put wall

$60

42k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $110 (35k contracts), 16% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $60 (42k contracts), 37% 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 2026-10-30. 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 that session
2026-10-09	4k	3k	0.61	4k
2026-10-16	20k	18k	0.88	1k
2026-10-23	3k	2k	0.75	753
2026-10-30	2k	2k	0.92	302
2026-11-06	453	266	0.59	91
2026-11-13	12	57	4.75	28
2026-11-20	15k	12k	0.78	884
2026-12-18	55k	49k	0.89	372
2027-01-15	76k	85k	1.13	182
2027-02-19	3k	4k	1.51	19
2027-03-19	6k	11k	1.90	166
2027-04-16	444	386	0.87	34
2027-06-17	13k	10k	0.75	275
2027-09-17	2k	2k	0.90	29
2028-01-21	24k	29k	1.21	345
2029-01-19	1k	411	0.29	15

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.