TME Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-13. Spot $8.68.

Put/Call (OI)

1.00

46k P / 46k C

Put/Call (Volume)

1.26

2k P / 1k C today

30d ATM IV

37%

annualized implied move

Call wall

$10

9k contracts

Put wall

17k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $10 (9k contracts), 15% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $8 (17k contracts), 8% 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	9k	7k	0.81	327
2026-09-18	3k	8k	3.00	874
2026-10-16	8k	8k	0.94	365
2027-01-15	20k	20k	0.96	1k
2028-01-21	6k	3k	0.58	197

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