TSCO Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $34.75.

Put/Call (OI)

0.41

50k P / 121k C

Put/Call (Volume)

0.39

1k P / 3k C today

30d ATM IV

33%

annualized implied move

Call wall

$40

30k contracts

Put wall

$30

14k contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.41 puts per call outstanding.
●Call wall at $40 (30k contracts), 15% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $30 (14k contracts), 14% 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 2026-09-18. 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 today
2026-08-21	18k	11k	0.57	2k
2026-08-28	3k	1k	0.51	432
2026-09-04	1k	439	0.32	93
2026-09-11	1k	552	0.51	335
2026-09-18	30k	8k	0.26	403
2026-09-25	368	62	0.17	42
2026-10-02	1	31	31.00	39
2026-10-16	11k	9k	0.84	366
2026-12-18	6k	4k	0.73	750
2027-01-15	29k	8k	0.26	417
2027-03-19	14k	2k	0.12	227
2027-06-17	405	826	2.04	14
2028-01-21	7k	5k	0.73	51

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