UMC Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $26.34 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.49

75k P / 151k C

Put/Call (Volume)

0.16

697 P / 4k C that session

30d ATM IV

58%

annualized implied move

Call wall

$30

5k contracts

Put wall

$20

8k contracts

Tail hedging

5.9×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.49 puts per call outstanding.
●Call wall at $30 (5k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $20 (8k contracts), 24% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 5.9× 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 2026-10-16. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	104k	35k	0.33	4k
2026-11-20	3k	1k	0.55	768
2027-01-15	37k	32k	0.87	626
2027-04-16	352	4k	10.84	37
2028-01-21	7k	3k	0.39	89
2029-01-19	256	4	0.02	0

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.