TBT · Option chain

TBT Option Chain

Every listed TBT strike within 25% of spot, across the next 6 expirations — calls and puts side by side with last price, volume and open interest, plus the closing bid and ask.

Open interest and pricing as of the close on 2026-09-03. Recomputed every morning before the open.

Spot

$38.26

Call open interest

16,579

Put open interest

6,808

Put/call (volume)

0.04

1,439 contracts changed hands across these expirations — 1,389 calls against 50 puts. Calls outtraded puts 27.78 to one.

Sep 18, 202613 days

call OI 9,009 · put OI 3,193

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	8.40 / 9.90	—	—	29	—	0.00 / 0.95	—	44
—	7.20 / 9.10	—	10	30	—	0.00 / 0.75	—	130
—	6.20 / 8.10	—	1	31	—	0.00 / 0.75	—	188
—	5.20 / 7.10	—	45	32	—	0.00 / 0.75	—	75
5.07	4.30 / 5.50	10	139	33	—	0.00 / 0.15	—	109
—	3.30 / 4.80	—	967	34	—	0.00 / 0.20	—	207
2.90	2.95 / 3.50	19	1,439	35	—	0.00 / 0.15	—	349
—	1.25 / 2.80	—	637	36	—	0.00 / 0.35	—	621
1.45	1.30 / 1.70	94	663	37	0.20	0.00 / 0.25	9	736
0.70	0.65 / 1.05	39	433	38	0.61	0.45 / 0.65	22	447
0.33	0.30 / 0.40	19	2,215	39	—	0.95 / 1.90	—	255
0.20	0.15 / 0.20	1,022	1,371	40	—	1.50 / 2.15	—	1
0.05	0.00 / 0.25	2	276	41	—	1.95 / 3.60	—	—
0.05	0.00 / 0.10	8	388	42	—	3.10 / 4.70	—	31
—	0.00 / 0.60	—	120	43	—	2.85 / 5.80	—	—
—	0.00 / 0.10	—	305	44	—	5.10 / 6.60	—	—
A dash means the contract did not trade — not a price of zero.

Oct 16, 202641 days

call OI 774 · put OI 1,117

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
5.12	4.60 / 5.90	10	—	33	—	0.00 / 0.75	—	—
—	3.50 / 5.10	—	21	34	—	0.00 / 0.30	—	23
—	2.70 / 3.90	—	—	35	—	0.00 / 1.40	—	28
2.30	2.15 / 2.80	27	—	36	—	0.20 / 0.60	—	80
—	1.50 / 3.00	—	23	37	—	0.45 / 1.10	—	56
1.05	1.00 / 1.35	5	285	38	1.15	0.95 / 1.20	12	672
0.64	0.20 / 0.90	6	43	39	—	1.40 / 2.15	—	249
0.45	0.30 / 0.60	3	336	40	—	1.70 / 3.40	—	8
—	0.00 / 0.75	—	49	41	—	2.30 / 4.10	—	—
—	0.00 / 0.75	—	7	42	—	3.50 / 5.10	—	—
—	0.00 / 0.95	—	4	43	—	4.40 / 5.70	—	—
—	0.00 / 0.75	—	3	44	—	5.30 / 7.20	—	1
—	0.00 / 0.75	—	3	45	—	6.20 / 8.10	—	—
A dash means the contract did not trade — not a price of zero.

Nov 20, 202676 days

call OI 216 · put OI 269

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	6.10 / 10.20	—	3	30	—	0.00 / 0.75	—	—
—	5.80 / 9.20	—	1	31	—	0.00 / 0.75	—	—
—	4.60 / 5.80	—	—	33	—	0.00 / 0.75	—	1
—	3.70 / 4.90	—	—	34	—	0.05 / 0.80	—	4
—	2.90 / 4.10	—	5	35	—	0.15 / 0.90	—	24
—	2.15 / 3.00	—	20	36	—	0.45 / 1.00	—	10
—	1.50 / 2.45	—	1	37	—	0.75 / 1.50	—	8
1.44	1.35 / 1.75	38	2	38	1.50	1.30 / 1.65	2	202
1.10	0.80 / 1.30	1	27	39	—	1.80 / 2.65	—	20
—	0.60 / 1.15	—	67	40	—	2.20 / 3.70	—	—
—	0.15 / 1.15	—	20	41	—	2.80 / 4.40	—	—
—	0.10 / 0.85	—	4	42	—	4.00 / 5.00	—	—
—	0.05 / 0.80	—	24	43	—	4.50 / 6.10	—	—
—	0.00 / 0.95	—	21	44	—	5.30 / 7.20	—	—
—	0.00 / 0.45	—	21	45	—	6.70 / 7.90	—	—
A dash means the contract did not trade — not a price of zero.

Dec 18, 2026104 days

call OI 2,695 · put OI 1,412

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	7.10 / 11.20	—	—	29	—	0.00 / 0.75	—	6
—	6.50 / 10.10	—	4	30	—	0.00 / 0.75	—	112
—	6.40 / 7.90	—	—	31	—	0.00 / 0.75	—	89
—	5.50 / 7.00	—	474	32	—	0.00 / 0.75	—	302
—	4.70 / 5.90	—	1	33	—	0.05 / 0.80	—	16
—	3.70 / 5.00	—	285	34	—	0.10 / 0.85	—	52
—	2.80 / 4.00	—	92	35	—	0.30 / 0.80	—	50
—	2.20 / 3.60	—	694	36	—	0.60 / 1.35	—	483
2.30	2.25 / 2.50	6	99	37	—	0.95 / 1.70	—	198
1.75	1.75 / 2.50	10	377	38	—	1.40 / 3.60	—	94
1.35	1.05 / 1.65	1	55	39	—	1.75 / 2.90	—	7
—	0.70 / 1.35	—	238	40	—	2.60 / 3.80	—	—
—	0.35 / 1.10	—	204	41	3.79	3.60 / 3.90	1	2
—	0.20 / 0.95	—	8	42	—	3.80 / 5.20	—	—
—	0.10 / 0.85	—	30	43	—	4.60 / 6.10	—	—
—	0.00 / 1.00	—	17	44	—	5.40 / 7.30	—	1
—	0.00 / 0.75	—	117	45	—	6.30 / 8.20	—	—
A dash means the contract did not trade — not a price of zero.

Jan 15, 2027132 days

call OI 3,239 · put OI 796

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	7.10 / 11.20	—	—	29	—	0.00 / 0.75	—	33
—	7.20 / 9.10	—	26	30	—	0.00 / 0.75	—	141
—	6.50 / 8.00	—	13	31	—	0.05 / 0.80	—	1
—	5.60 / 7.10	—	61	32	—	0.10 / 1.05	—	77
—	4.50 / 6.00	—	77	33	—	0.15 / 1.10	—	39
—	3.90 / 5.10	—	76	34	—	0.35 / 1.10	—	204
3.66	3.20 / 4.20	20	231	35	—	0.60 / 1.25	—	159
3.10	3.00 / 3.30	10	183	36	—	0.85 / 1.50	—	42
—	1.90 / 3.20	—	153	37	—	1.05 / 2.00	—	34
—	1.55 / 2.45	—	240	38	—	0.70 / 3.10	—	16
—	1.20 / 1.85	—	97	39	—	1.95 / 3.40	—	31
—	0.80 / 1.50	—	1,130	40	—	2.75 / 4.30	—	14
—	0.60 / 1.35	—	235	41	—	2.85 / 4.70	—	—
—	0.40 / 1.15	—	195	42	—	3.60 / 5.60	—	—
—	0.30 / 0.95	—	100	43	—	5.10 / 6.60	—	5
—	0.20 / 0.85	—	24	44	—	5.90 / 7.70	—	—
—	0.05 / 0.80	—	327	45	—	6.80 / 8.50	—	—
—	0.05 / 0.80	—	52	46	—	7.00 / 9.60	—	—
—	0.00 / 0.80	—	19	47	—	8.00 / 10.40	—	—
A dash means the contract did not trade — not a price of zero.

Mar 19, 2027195 days

call OI 646 · put OI 21

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	7.10 / 11.20	—	—	29	—	0.00 / 0.75	—	1
—	5.60 / 7.10	—	1	32	—	0.10 / 0.85	—	—
—	4.10 / 5.90	—	—	34	0.90	0.70 / 1.00	4	1
—	3.30 / 5.30	—	—	35	—	0.80 / 1.45	—	3
3.39	2.85 / 3.90	20	7	36	—	1.25 / 1.85	—	6
2.89	2.50 / 3.20	19	343	37	—	1.60 / 2.45	—	7
—	1.80 / 3.30	—	50	38	—	2.10 / 3.30	—	3
—	1.40 / 2.50	—	145	39	—	2.40 / 4.00	—	—
—	1.30 / 2.05	—	6	40	—	3.20 / 4.40	—	—
—	0.95 / 1.70	—	2	41	—	3.90 / 5.30	—	—
—	0.70 / 1.45	—	29	42	—	4.60 / 6.20	—	—
—	0.50 / 1.25	—	20	43	—	4.70 / 7.40	—	—
—	0.15 / 0.90	—	41	45	—	6.80 / 8.60	—	—
—	0.10 / 0.85	—	2	46	—	7.70 / 9.50	—	—
A dash means the contract did not trade — not a price of zero.

How to read this chain

Calls sit on the left, puts on the right, and every row is one strike. The highlighted row is the strike closest to spot. Open interest is the number of contracts still outstanding at that strike — positions that exist right now. Volume is how many traded on the session shown. Open interest builds slowly and marks where positioning has accumulated; volume spikes and marks where attention went today.

Strikes with no open interest and no trades on either side are omitted, and the ladder is trimmed to within 25% of spot — the far wings are almost entirely empty and say nothing about positioning.

More on TBT

TBT options score TBT gamma walls TBT max pain TBT IV rank TBT put/call ratio TBT options flow

Weekly options-market digest

Sundays. What moved this week, what catalysts and earnings drive next week, and which 5-pillar setups stand out.

Free. One email per week. Unsubscribe with one click.

Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.