SNY Options Chain Analysis

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

Spot $39.84 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.77

39k P / 50k C

Put/Call (Volume)

1.19

1k P / 1k C that session

30d ATM IV

25%

annualized implied move

Call wall

$45

8k contracts

Put wall

$37.5

3k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Call wall at $45 (8k contracts), 13% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $37.5 (3k contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 10.5× 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	4k	1k	0.30	942
2026-11-20	2k	1k	0.67	326
2026-12-18	9k	8k	0.86	556
2027-01-15	13k	6k	0.52	74
2027-03-19	1k	1k	1.36	58
2027-06-17	8k	6k	0.76	29
2027-12-17	6k	2k	0.31	41
2028-01-21	7k	13k	1.74	139
2029-01-19	499	18	0.04	174

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.