TPG Options Chain Analysis

As of previous close (2026-08-27) · OPRA historical data

Spot $52.8 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.98

10k P / 10k C

Put/Call (Volume)

0.00

2 P / 2k C that session

30d ATM IV

48%

annualized implied move

Call wall

$60

790 contracts

Put wall

$45

2k contracts

Tail hedging

4.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $60 (790 contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $45 (2k contracts), 15% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 4.9× 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 2026-09-18. 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	24	0	0.00	754
2026-11-20	1k	793	0.69	1
2027-01-15	1k	5k	5.29	1
2027-02-19	35	48	1.37	25
2028-01-21	2k	2k	1.08	2

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.