TFC Options Chain Analysis

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

Spot $46.45 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.78

59k P / 75k C

Put/Call (Volume)

2.17

2k P / 735 C that session

30d ATM IV

27%

annualized implied move

Call wall

$55

19k contracts

Put wall

$42.5

12k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $55 (19k contracts), 18% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $42.5 (12k contracts), 9% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.7× 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 2026-10-16. 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 that session
2026-10-16	17k	11k	0.63	96
2026-11-20	6k	8k	1.25	198
2026-12-18	12k	5k	0.44	239
2027-01-15	22k	17k	0.80	282
2027-03-19	5k	6k	1.15	177
2027-06-17	7k	7k	0.99	1k
2027-09-17	495	357	0.72	3
2028-01-21	3k	3k	0.99	18
2028-12-15	2k	598	0.33	18
2029-01-19	163	374	2.29	4

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.