TGT Options Chain Analysis

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

Spot $155.8 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.92

191k P / 208k C

Put/Call (Volume)

1.36

7k P / 5k C that session

30d ATM IV

26%

annualized implied move

Call wall

$160

15k contracts

Put wall

$100

13k contracts

Tail hedging

3.7×

deep-OTM puts vs calls

What the positioning says

●Call wall at $160 (15k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $100 (13k contracts), 36% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 3.7× 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 2026-10-30. 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	2k	2k	1.08	3k
2026-10-16	30k	26k	0.88	2k
2026-10-23	803	482	0.60	255
2026-10-30	744	673	0.90	188
2026-11-06	660	190	0.29	170
2026-11-13	62	69	1.11	45
2026-11-20	11k	10k	0.91	970
2026-12-18	39k	36k	0.92	2k
2027-01-15	74k	53k	0.72	726
2027-03-19	5k	6k	1.30	94
2027-04-16	228	441	1.93	12
2027-06-17	7k	11k	1.62	97
2027-09-17	3k	5k	1.47	0
2027-12-17	7k	13k	1.88	0
2028-01-21	13k	18k	1.41	53
2028-12-15	3k	4k	1.35	408
2029-01-19	162	262	1.62	25

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.