TGT Options Chain Analysis

As of previous close (2026-10-06) · OPRA historical data

Spot $154.17 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.97

193k P / 200k C

Put/Call (Volume)

0.63

4k P / 6k C that session

30d ATM IV

30%

annualized implied move

Call wall

$160

14k contracts

Put wall

$100

13k contracts

Tail hedging

3.0×

deep-OTM puts vs calls

What the positioning says

●Call wall at $160 (14k contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $100 (13k contracts), 35% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.0× 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 2026-11-06. 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
2026-10-09	4k	4k	1.04	5k
2026-10-16	30k	26k	0.87	2k
2026-10-23	945	656	0.69	117
2026-10-30	811	802	0.99	124
2026-11-06	961	300	0.31	261
2026-11-13	89	160	1.80	29
2026-11-20	12k	11k	0.91	694
2026-12-18	39k	39k	0.98	530
2027-01-15	74k	54k	0.72	250
2027-03-19	5k	7k	1.42	31
2027-04-16	232	451	1.94	22
2027-06-17	7k	11k	1.61	67
2027-09-17	3k	5k	1.48	38
2027-12-17	7k	13k	1.88	2
2028-01-21	13k	18k	1.41	130
2028-12-15	3k	4k	1.36	91
2029-01-19	170	331	1.95	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.