WCN Options Chain Analysis

As of previous close (2026-10-06) · OPRA historical data

Spot $154.3 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.28

504 P / 2k C

Put/Call (Volume)

0.14

5 P / 37 C that session

30d ATM IV

23%

annualized implied move

Call wall

$165

377 contracts

Put wall

$150

179 contracts

Tail hedging

0.2×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.28 puts per call outstanding.
●Call wall at $165 (377 contracts), 7% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $150 (179 contracts), 3% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 6.3× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 23% — calm pricing; option premium is cheap.

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 2026-11-20. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	979	67	0.07	25
2026-11-20	86	234	2.72	11
2026-12-18	475	111	0.23	3
2027-03-19	288	92	0.32	3

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.