SHW Options Chain Analysis

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

Spot $319.51 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.84

10k P / 12k C

Put/Call (Volume)

1.22

134 P / 110 C that session

30d ATM IV

26%

annualized implied move

Call wall

$380

1k contracts

Put wall

$300

3k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $380 (1k contracts), 19% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $300 (3k contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.3× deep-OTM put OI — speculative upside positioning dominates the tails.

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.

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
2026-10-16	2k	3k	1.51	88
2026-11-20	605	508	0.84	41
2026-12-18	3k	2k	0.59	65
2027-01-15	4k	3k	0.76	18
2027-03-19	1k	792	0.77	6
2027-06-17	222	77	0.35	25
2027-09-17	30	30	1.00	1
2028-01-21	1k	936	0.75	0
2029-01-19	27	19	0.70	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.