Average implied volatility across the listed chain right now: 207%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.
Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.
The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 16 Oct 2026 | $12.50 | $0.33 | $0.10/$0.85 | 0 | 602 | 115% |
| 16 Oct 2026 | $10.00 | $1.98 | $0.45/$3.30 | 0 | 21 | 123% |
| 16 Oct 2026 | $15.00 | $0.95 | $0.00/$0.85 | 2 | 175 | 282% |
| 16 Oct 2026 | $7.50 | $4.18 | $3.50/$4.70 | 0 | 3 | 0% |
| 16 Oct 2026 | $17.50 | $0.06 | $0.00/$1.00 | 0 | 53 | 156% |
| 16 Oct 2026 | $5.00 | $6.59 | $5.80/$7.50 | 0 | 0 | 256% |
| 16 Oct 2026 | $20.00 | $0.03 | $0.00/$1.00 | 0 | 0 | 175% |
| 16 Oct 2026 | $2.50 | $9.08 | $8.30/$9.80 | 0 | 0 | 0% |
| 16 Oct 2026 | $22.50 | $0.02 | $0.00/$1.00 | 0 | 0 | 190% |
| 16 Oct 2026 | $25.00 | $0.01 | $0.00/$1.00 | 0 | 0 | 203% |
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 16 Oct 2026 | $12.50 | $1.25 | $0.75/$1.50 | 0 | 134 | 82% |
| 16 Oct 2026 | $10.00 | $0.40 | $0.00/$0.40 | 0 | 48 | 156% |
| 16 Oct 2026 | $15.00 | $3.54 | $2.90/$4.10 | 0 | 550 | 135% |
| 16 Oct 2026 | $7.50 | $0.11 | $0.00/$0.95 | 0 | 0 | 207% |
| 16 Oct 2026 | $17.50 | $5.98 | $5.30/$6.80 | 0 | 0 | 204% |
| 16 Oct 2026 | $5.00 | $0.02 | $0.00/$0.95 | 0 | 0 | 262% |
| 16 Oct 2026 | $20.00 | $8.45 | $7.80/$9.30 | 0 | 0 | 249% |
| 16 Oct 2026 | $2.50 | $0.00 | $0.00/$0.95 | 0 | 0 | 337% |
| 16 Oct 2026 | $22.50 | $10.93 | $10.10/$12.00 | 0 | 0 | 287% |
| 16 Oct 2026 | $25.00 | $13.43 | $12.30/$14.70 | 0 | 0 | 300% |
Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.
No comments yet — be the first to weigh in on HPP.