SOLV Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $86.82.

Put/Call (OI)

0.17

3k P / 20k C

Put/Call (Volume)

0.08

12 P / 154 C today

30d ATM IV

32%

annualized implied move

Call wall

$110

10k contracts

Put wall

$85

2k contracts

Tail hedging

0.0×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.17 puts per call outstanding.
●Call wall at $110 (10k contracts), 27% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $85 (2k contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 24.2× 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 2026-09-18. 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 today
2026-08-21	2k	1k	0.53	50
2026-09-18	2k	151	0.08	46
2026-10-16	6k	2k	0.32	28
2026-11-20	695	85	0.12	4
2027-01-15	9k	109	0.01	38

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.