VOD Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $16.15.

Put/Call (OI)

0.12

19k P / 166k C

Put/Call (Volume)

0.38

86 P / 227 C today

30d ATM IV

26%

annualized implied move

Call wall

$20

76k contracts

Put wall

$10

4k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.12 puts per call outstanding.
●Call wall at $20 (76k contracts), 24% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $10 (4k contracts), 38% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 7.3× 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	8k	1k	0.16	189
2026-08-28	271	76	0.28	44
2026-09-04	164	108	0.66	4
2026-09-11	162	42	0.26	0
2026-09-18	2k	39	0.02	1
2026-09-25	5	13	2.60	12
2026-10-02	0	0	—	20
2026-10-16	8k	5k	0.60	14
2027-01-15	109k	12k	0.11	11
2028-01-21	39k	875	0.02	18

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