TD Options Chain Analysis

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

Spot $117.61 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.16

42k P / 36k C

Put/Call (Volume)

1.22

670 P / 550 C that session

30d ATM IV

20%

annualized implied move

Call wall

$125

8k contracts

Put wall

$50

6k contracts

Tail hedging

2.2×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.16 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $125 (8k contracts), 6% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (6k contracts), 57% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.2× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 20% — 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 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	12k	15k	1.30	808
2026-11-20	5k	3k	0.66	284
2026-12-18	552	476	0.86	1
2027-01-15	12k	21k	1.76	106
2027-04-16	211	259	1.23	8
2028-01-21	6k	1k	0.25	13
2029-01-19	764	507	0.66	0

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.