WPM Options Chain Analysis

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

Spot $135.6 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.61

77k P / 48k C

Put/Call (Volume)

0.82

1k P / 1k C that session

30d ATM IV

44%

annualized implied move

Call wall

$140

4k contracts

Put wall

$70

8k contracts

Tail hedging

1.3×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.61 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $140 (4k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $70 (8k contracts), 48% 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.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	774	380	0.49	483
2026-10-16	6k	7k	1.05	203
2026-10-23	566	175	0.31	63
2026-10-30	358	185	0.52	63
2026-11-06	38	53	1.39	11
2026-11-13	0	22	—	10
2026-11-20	3k	1k	0.59	163
2026-12-18	6k	5k	0.88	373
2027-01-15	15k	50k	3.27	130
2027-03-19	4k	2k	0.54	146
2027-06-17	2k	888	0.36	11
2027-09-17	117	341	2.91	3
2028-01-21	7k	8k	1.23	100
2029-01-19	311	95	0.31	21

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.