STRC Options Chain Analysis

As of previous close (2026-09-02) · OPRA historical data

Spot $97.17 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.51

15k P / 30k C

Put/Call (Volume)

2.40

560 P / 233 C that session

30d ATM IV

16%

annualized implied move

Call wall

$100

12k contracts

Put wall

$95

3k contracts

Tail hedging

15.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.51 puts per call outstanding.
●Call wall at $100 (12k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $95 (3k contracts), 2% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 15.7× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 16% — calm pricing; option premium is cheap.

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 that session
2026-09-18	17k	7k	0.38	337
2026-10-16	495	516	1.04	195
2026-12-18	9k	6k	0.65	233
2027-03-19	3k	3k	0.80	28

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.