TRP Options Chain Analysis

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

Spot $58.62 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.34

2k P / 7k C

Put/Call (Volume)

0.63

84 P / 133 C that session

30d ATM IV

22%

annualized implied move

Call wall

$67.5

3k contracts

Put wall

$55

248 contracts

Tail hedging

0.0×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.34 puts per call outstanding.
●Call wall at $67.5 (3k contracts), 15% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $55 (248 contracts), 6% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 30.6× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 22% — calm pricing; option premium is cheap.

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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	3k	368	0.12	16
2026-11-20	4k	1k	0.35	11
2026-12-18	8	56	7.00	140
2027-02-19	427	687	1.61	46
2027-05-21	105	26	0.25	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.