U Options Chain Analysis

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

Spot $43.72 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.48

228k P / 476k C

Put/Call (Volume)

0.26

10k P / 38k C that session

30d ATM IV

59%

annualized implied move

Call wall

$46

80k contracts

Put wall

$20

38k contracts

Tail hedging

1.4×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.48 puts per call outstanding.
●Call wall at $46 (80k contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $20 (38k contracts), 54% 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 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-02	18k	8k	0.47	11k
2026-10-09	8k	9k	1.10	4k
2026-10-16	142k	29k	0.21	19k
2026-10-23	4k	3k	0.67	1k
2026-10-30	4k	741	0.20	4k
2026-11-06	738	240	0.33	195
2026-11-13	0	0	—	13
2026-11-20	50k	20k	0.40	5k
2027-01-15	131k	99k	0.75	1k
2027-02-19	8k	16k	1.96	191
2027-05-21	10k	5k	0.50	439
2027-12-17	46k	17k	0.37	591
2028-01-21	44k	20k	0.45	64
2028-12-15	8k	719	0.09	160
2029-01-19	2k	37	0.02	217

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.