STZ Options Chain Analysis

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

Spot $112.87 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.80

43k P / 54k C

Put/Call (Volume)

0.96

2k P / 2k C that session

30d ATM IV

37%

annualized implied move

Call wall

$130

5k contracts

Put wall

$110

2k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Call wall at $130 (5k contracts), 15% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $110 (2k contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 10.8× 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 2026-10-30. 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
2026-10-09	2k	2k	0.84	1k
2026-10-16	6k	6k	1.02	295
2026-10-23	219	82	0.37	23
2026-10-30	349	252	0.72	44
2026-11-06	173	49	0.28	7
2026-11-13	3	0	0.00	4
2026-11-20	2k	2k	1.36	165
2026-12-18	4k	6k	1.53	600
2027-01-15	21k	10k	0.46	328
2027-03-19	5k	2k	0.43	300
2027-04-16	294	213	0.72	63
2027-06-17	2k	2k	1.23	227
2027-09-17	474	959	2.02	78
2028-01-21	7k	11k	1.63	272
2029-01-19	204	80	0.39	9

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.