TDY Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $677.27.

Put/Call (OI)

1.14

1k P / 931 C

Put/Call (Volume)

0.32

6 P / 19 C today

30d ATM IV

27%

annualized implied move

Call wall

$700

109 contracts

Put wall

$600

603 contracts

Tail hedging

7.2×

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 $700 (109 contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $600 (603 contracts), 11% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 7.2× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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	259	842	3.25	15
2026-09-18	277	79	0.29	4
2026-11-20	263	60	0.23	4
2026-12-18	48	28	0.58	1
2027-01-15	26	20	0.77	0
2027-03-19	25	28	1.12	1
2027-05-21	33	7	0.21	0

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