SPOT Options Chain Analysis

As of previous close (2026-10-12) · OPRA historical data

Spot $528.8 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.90

59k P / 66k C

Put/Call (Volume)

0.41

2k P / 5k C that session

30d ATM IV

50%

annualized implied move

Call wall

$600

5k contracts

Put wall

$400

4k contracts

Tail hedging

1.1×

deep-OTM puts vs calls

What the positioning says

●Call wall at $600 (5k contracts), 13% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $400 (4k contracts), 24% below spot — the hedge floor; often acts as support.

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 2026-11-13. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	18k	11k	0.60	2k
2026-10-23	6k	3k	0.48	3k
2026-10-30	4k	3k	0.93	234
2026-11-06	547	436	0.80	77
2026-11-13	98	190	1.94	21
2026-11-20	2k	2k	1.22	151
2026-11-27	10	256	25.60	49
2026-12-18	8k	10k	1.27	180
2027-01-15	9k	12k	1.30	317
2027-03-19	3k	3k	0.84	125
2027-04-16	1k	741	0.58	26
2027-06-17	4k	4k	0.96	18
2027-09-17	626	575	0.92	31
2027-12-17	2k	2k	0.94	17
2028-01-21	7k	6k	0.85	30
2028-12-15	143	244	1.71	0
2029-01-19	335	1k	3.09	2

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.