VZ Options Chain Analysis

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

Spot $45.95 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.73

386k P / 527k C

Put/Call (Volume)

0.56

9k P / 16k C that session

30d ATM IV

26%

annualized implied move

Call wall

$50

89k contracts

Put wall

$40

59k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $50 (89k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $40 (59k contracts), 13% below spot — the hedge floor; often acts as support.

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	18k	9k	0.50	3k
2026-10-16	67k	58k	0.87	5k
2026-10-23	5k	5k	0.92	1k
2026-10-30	5k	4k	0.80	2k
2026-11-06	1k	420	0.38	966
2026-11-13	89	28	0.31	249
2026-11-20	27k	20k	0.75	2k
2026-12-18	79k	61k	0.77	3k
2027-01-15	135k	96k	0.71	1k
2027-03-19	22k	16k	0.76	738
2027-04-16	7k	5k	0.72	147
2027-06-17	42k	39k	0.93	987
2027-09-17	7k	8k	1.21	517
2027-12-17	20k	12k	0.60	119
2028-01-21	59k	41k	0.69	364
2028-12-15	6k	2k	0.35	66
2029-01-19	3k	2k	0.67	167

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.