TRV Options Chain Analysis

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

Spot $360.94 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.60

5k P / 9k C

Put/Call (Volume)

0.59

51 P / 87 C that session

30d ATM IV

29%

annualized implied move

Call wall

$390

974 contracts

Put wall

$340

509 contracts

Tail hedging

1.0×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.60 puts per call outstanding.
●Call wall at $390 (974 contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $340 (509 contracts), 6% below spot — the hedge floor; often acts as support.

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.

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	3k	1k	0.44	20
2026-11-20	253	114	0.45	36
2027-01-15	4k	2k	0.68	28
2027-04-16	42	43	1.02	21
2027-06-17	595	802	1.35	31
2027-09-17	171	168	0.98	0
2027-12-17	588	123	0.21	0
2028-01-21	2	13	6.50	0
2029-01-19	86	3	0.03	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.