SU Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $66.73.

Put/Call (OI)

0.53

56k P / 105k C

Put/Call (Volume)

0.18

307 P / 2k C today

30d ATM IV

30%

annualized implied move

Call wall

$75

18k contracts

Put wall

$60

17k contracts

Tail hedging

1.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.53 puts per call outstanding.
●Call wall at $75 (18k contracts), 12% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $60 (17k contracts), 10% 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	16k	5k	0.31	388
2026-08-28	370	128	0.35	20
2026-09-04	466	30	0.06	34
2026-09-11	93	11	0.12	14
2026-09-18	25k	16k	0.66	629
2026-09-25	44	5	0.11	2
2026-10-02	10	1	0.10	0
2026-10-16	348	1k	3.16	80
2026-12-18	10k	5k	0.49	453
2027-01-15	30k	16k	0.56	121
2027-03-19	9k	9k	1.03	18
2027-06-17	270	46	0.17	0
2028-01-21	14k	3k	0.20	244

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