TTMI Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $140.71.

Put/Call (OI)

0.43

20k P / 47k C

Put/Call (Volume)

0.54

734 P / 1k C today

30d ATM IV

82%

annualized implied move

Call wall

$180

4k contracts

Put wall

$90

3k contracts

Tail hedging

0.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.43 puts per call outstanding.
●Call wall at $180 (4k contracts), 28% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $90 (3k contracts), 36% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 82% — the market prices very large moves; option premium is expensive.

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	27k	10k	0.38	609
2026-09-18	12k	5k	0.42	387
2026-10-16	5k	2k	0.50	59
2026-12-18	2k	2k	1.03	14
2027-01-15	1k	329	0.29	975
2027-03-19	288	283	0.98	11
2028-01-21	1k	246	0.24	28

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