URI Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $1,169.

Put/Call (OI)

1.07

13k P / 12k C

Put/Call (Volume)

0.34

227 P / 660 C today

30d ATM IV

31%

annualized implied move

Call wall

$1,280

623 contracts

Put wall

$880

957 contracts

Tail hedging

4.1×

deep-OTM puts vs calls

What the positioning says

●Call wall at $1,280 (623 contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $880 (957 contracts), 25% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 4.1× 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.

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 today
2026-08-21	2k	2k	0.97	679
2026-08-28	199	138	0.69	61
2026-09-04	26	45	1.73	13
2026-09-11	31	73	2.35	48
2026-09-18	2k	3k	1.47	28
2026-09-25	180	281	1.56	7
2026-10-02	8	180	22.50	1
2026-12-18	1k	2k	1.65	1
2027-01-15	4k	4k	0.83	41
2027-03-19	223	209	0.94	0
2027-06-17	776	295	0.38	0
2028-01-21	1k	1k	1.07	8

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