SSNC Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $82.04.

Put/Call (OI)

0.39

1k P / 3k C

Put/Call (Volume)

0.02

19 P / 965 C today

30d ATM IV

31%

annualized implied move

Call wall

$85

1k contracts

Put wall

$70

445 contracts

Tail hedging

42.6×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.39 puts per call outstanding.
●Call wall at $85 (1k contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $70 (445 contracts), 15% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 42.6× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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	120	0.06	965
2026-09-18	20	37	1.85	2
2026-10-16	457	305	0.67	17
2026-12-18	271	678	2.50	0
2027-01-15	431	49	0.11	0

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