SCHG Options Chain Analysis

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

Spot $36 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.29

2k P / 8k C

Put/Call (Volume)

0.22

37 P / 165 C that session

30d ATM IV

13%

annualized implied move

Call wall

$37

2k contracts

Put wall

$35

478 contracts

Tail hedging

2.0×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.29 puts per call outstanding.
●Call wall at $37 (2k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $35 (478 contracts), 3% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 13% — 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 2026-10-16. 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	1k	0.27	90
2026-11-20	568	173	0.30	61
2027-01-15	3k	605	0.23	47
2027-04-16	573	396	0.69	4

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.