SCCO Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $192.57.

Put/Call (OI)

1.15

24k P / 21k C

Put/Call (Volume)

0.55

390 P / 709 C today

30d ATM IV

48%

annualized implied move

Call wall

$200

3k contracts

Put wall

$185

3k contracts

Tail hedging

2.1×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.15 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $200 (3k contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $185 (3k 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 2026-09-18. 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	4k	8k	2.04	455
2026-08-28	365	178	0.49	92
2026-09-04	247	242	0.98	10
2026-09-11	83	44	0.53	7
2026-09-18	3k	3k	0.85	264
2026-09-25	24	74	3.08	4
2026-10-02	4	12	3.00	8
2026-10-16	770	588	0.76	29
2026-11-20	4k	2k	0.54	203
2026-12-18	366	893	2.44	7
2027-01-15	6k	7k	1.11	12
2027-03-19	133	336	2.53	2
2027-07-16	921	1k	1.19	4
2027-12-17	265	588	2.22	2

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