SWKS Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $67.71.

Put/Call (OI)

0.59

47k P / 80k C

Put/Call (Volume)

0.79

650 P / 819 C today

30d ATM IV

49%

annualized implied move

Call wall

$95

23k contracts

Put wall

$55

7k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.59 puts per call outstanding.
●Call wall at $95 (23k contracts), 40% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $55 (7k contracts), 19% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.2× 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	47k	14k	0.30	225
2026-09-18	10k	7k	0.72	749
2026-11-20	3k	3k	1.05	75
2026-12-18	6k	3k	0.46	25
2027-01-15	8k	17k	2.26	119
2027-02-19	1k	762	0.59	35
2027-03-19	731	390	0.53	69
2027-06-17	157	167	1.06	162
2027-12-17	592	523	0.88	0
2028-01-21	4k	795	0.20	10

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