TWLO Options Chain Analysis

As of previous close (2026-10-01) · OPRA historical data

Spot $301 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.79

37k P / 48k C

Put/Call (Volume)

0.60

3k P / 4k C that session

30d ATM IV

74%

annualized implied move

Call wall

$310

3k contracts

Put wall

$130

4k contracts

Tail hedging

7.4×

deep-OTM puts vs calls

What the positioning says

●Call wall at $310 (3k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $130 (4k contracts), 57% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 7.4× deep-OTM call OI — an institutional hedging ladder sits under this stock.
●30-day ATM implied volatility is 74% — 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 2026-10-30. 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
2026-10-02	4k	4k	1.15	3k
2026-10-09	2k	4k	1.82	1k
2026-10-16	9k	7k	0.86	982
2026-10-23	563	430	0.76	110
2026-10-30	407	225	0.55	145
2026-11-06	2k	119	0.05	85
2026-11-13	0	0	—	17
2026-11-20	4k	1k	0.31	608
2026-12-18	4k	3k	0.67	187
2027-01-15	9k	6k	0.65	181
2027-02-19	941	2k	1.61	11
2027-03-19	1k	676	0.50	98
2027-04-16	59	257	4.36	15
2027-06-17	434	696	1.60	2
2027-09-17	700	619	0.88	69
2028-01-21	8k	7k	0.83	30
2029-01-19	128	67	0.52	3

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.