UPS Options Chain Analysis

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

Spot $92.99 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.83

181k P / 217k C

Put/Call (Volume)

0.54

6k P / 11k C that session

30d ATM IV

36%

annualized implied move

Call wall

$100

30k contracts

Put wall

$90

37k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Call wall at $100 (30k contracts), 8% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $90 (37k contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.0× deep-OTM put OI — speculative upside positioning dominates the tails.

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
2026-10-09	4k	2k	0.42	4k
2026-10-16	21k	27k	1.29	2k
2026-10-23	3k	2k	0.78	324
2026-10-30	4k	3k	0.88	1k
2026-11-06	264	231	0.88	215
2026-11-13	40	0	0.00	174
2026-11-20	42k	14k	0.33	2k
2026-12-18	19k	24k	1.27	562
2027-01-15	72k	57k	0.79	743
2027-03-19	8k	10k	1.13	2k
2027-04-16	1k	918	0.87	91
2027-06-17	9k	11k	1.21	119
2027-09-17	4k	5k	1.29	1k
2028-01-21	19k	20k	1.07	760
2029-01-19	3k	2k	0.50	212

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.