YPF Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $52.7.

Put/Call (OI)

0.77

57k P / 74k C

Put/Call (Volume)

0.44

8k P / 18k C today

30d ATM IV

38%

annualized implied move

Call wall

$60

24k contracts

Put wall

$40

10k contracts

Tail hedging

1.2×

deep-OTM puts vs calls

What the positioning says

●Call wall at $60 (24k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $40 (10k contracts), 24% 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 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	8k	7k	0.83	2k
2026-09-18	2k	1k	0.61	1k
2026-10-16	17k	13k	0.74	23k
2027-01-15	43k	32k	0.73	235
2027-03-19	27	45	1.67	0
2027-05-21	47	3	0.06	0
2027-08-20	0	0	—	0
2027-11-19	1	0	0.00	0
2028-01-21	3k	4k	1.27	177

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