SKM Options Chain Analysis

As of previous close (2026-08-27) · OPRA historical data

Spot $39.36 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.35

34k P / 99k C

Put/Call (Volume)

0.01

6 P / 411 C that session

30d ATM IV

64%

annualized implied move

Call wall

$50

20k contracts

Put wall

$30

10k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.35 puts per call outstanding.
●Call wall at $50 (20k contracts), 27% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $30 (10k contracts), 24% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.0× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 64% — the market prices very large moves; option premium is expensive.

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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	7k	1k	0.20	2
2026-12-18	21k	7k	0.35	354
2027-01-15	30k	8k	0.28	2
2027-03-19	2k	501	0.31	20

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.