TEM Options Chain Analysis

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

Spot $78.42 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.52

130k P / 250k C

Put/Call (Volume)

0.38

2k P / 4k C that session

30d ATM IV

78%

annualized implied move

Call wall

$100

30k contracts

Put wall

$50

18k contracts

Tail hedging

1.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.52 puts per call outstanding.
●Call wall at $100 (30k contracts), 28% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (18k contracts), 36% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 78% — the market prices very large moves; option premium is expensive.

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 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	4k	5k	1.15	1k
2026-10-16	33k	33k	0.99	721
2026-10-23	3k	3k	1.04	117
2026-10-30	3k	2k	0.60	57
2026-11-06	204	267	1.31	73
2026-11-13	23	9	0.39	5
2026-11-20	19k	15k	0.80	273
2026-12-18	30k	6k	0.20	112
2027-01-15	108k	41k	0.38	536
2027-02-19	3k	2k	0.79	19
2027-03-19	6k	3k	0.56	216
2027-04-16	5k	1k	0.23	28
2027-05-21	132	73	0.55	18
2027-06-17	963	260	0.27	1
2027-09-17	79	157	1.99	2
2028-01-21	14k	8k	0.54	174
2028-12-15	2k	517	0.24	1
2029-01-19	617	219	0.35	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.