SHEL Options Chain Analysis

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

Spot $95.59 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.55

77k P / 142k C

Put/Call (Volume)

0.64

260 P / 404 C that session

30d ATM IV

23%

annualized implied move

Call wall

$100

15k contracts

Put wall

$90

6k contracts

Tail hedging

2.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.55 puts per call outstanding.
●Call wall at $100 (15k contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $90 (6k contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.7× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 23% — 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 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	1k	291	0.24	192
2026-10-16	37k	15k	0.41	231
2026-10-23	1k	752	0.73	4
2026-10-30	1k	811	0.80	6
2026-11-06	36	37	1.03	0
2026-11-13	0	0	—	0
2026-11-20	5k	328	0.07	81
2026-12-18	22k	24k	1.07	21
2027-01-15	35k	15k	0.43	3
2027-03-19	7k	5k	0.75	9
2027-04-16	275	198	0.72	13
2027-06-17	8k	5k	0.64	0
2027-09-17	1k	877	0.62	0
2028-01-21	20k	8k	0.42	20
2029-01-19	1k	366	0.36	1

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.