UHAL Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-13. Spot $74.

Put/Call (OI)

0.58

203 P / 347 C

Put/Call (Volume)

2.00

4 P / 2 C today

30d ATM IV

35%

annualized implied move

Call wall

$80

68 contracts

Put wall

$45

63 contracts

Tail hedging

10.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.58 puts per call outstanding.
●Call wall at $80 (68 contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $45 (63 contracts), 39% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 10.3× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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	91	36	0.40	3
2026-09-18	114	131	1.15	0
2026-12-18	125	16	0.13	2
2027-03-19	17	20	1.18	1

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