SUI Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $123.29.

Put/Call (OI)

1.14

2k P / 2k C

Put/Call (Volume)

0.02

2 P / 120 C today

30d ATM IV

21%

annualized implied move

Call wall

$125

2k contracts

Put wall

$115

2k contracts

Tail hedging

4.5×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.14 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $125 (2k contracts), 1% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $115 (2k contracts), 7% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 4.5× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 21% — 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 today
2026-08-21	242	801	3.31	116
2026-09-18	2k	1k	0.75	5
2026-10-16	0	0	—	0
2026-12-18	77	213	2.77	0
2027-03-19	12	22	1.83	1

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