O'Reilly Draws 96% Calls as AutoZone Leans to Puts and Goodyear Bets Run to 2029: Fleet Maintenance Data From the GTA Terminal (November 6-9, 2026)

Every fleet, contractor and service shop spends money on parts and tires long after the truck is paid for. Three companies sit right on that cost line: O'Reilly Automotive and AutoZone, the big parts chains that supply commercial accounts as well as weekend mechanics, and Goodyear, one of the largest tire makers. In the first sessions of November, options traders treated them very differently. O'Reilly drew almost nothing but calls, AutoZone drew more puts than calls, and Goodyear drew small but call-heavy bets on a down day. Here is what GTA Terminal data from Global Traders Academy showed from November 6 to November 9, 2026, pulled from Global Traders Academy's GTA Terminal, and what it can mean for anyone running vehicles for a living.

O'Reilly: 96% of the options money in calls

By 2:04 PM ET on Monday, November 9, O'Reilly shares were up 0.2% at $90.06, and $1.6M in options premium had traded: $1.5M in calls and $59K in puts, so 96% of the money was in calls, with a put/call volume ratio of 0.41. The biggest unusual trade was 616 call contracts expiring January 15, 2027, about $80K in premium against only 46 contracts of open interest, a sign of a fresh position, according to the GTA Wire's O'Reilly flow report. The chart was less decisive: a mixed trend, above the 50-day average but below the 200-day, 12% below the 52-week high, with an RSI of 50. Off-exchange trading ran hot on November 6, with 2,900,561 shares, or 40.1% of volume, against a period average near 30%.

AutoZone: more puts than calls in an uptrend

AutoZone told a different story the same afternoon. By 2:20 PM ET on November 9 the stock was up 1.7% at $3,270.45, yet of $1.8M in premium, $1.0M went into puts and $772K into calls, only 43% calls, with a put/call volume ratio of 3.37, as shown in GTA's AutoZone options breakdown. That put money arrived while the chart was in an uptrend, above both its 50-day and 200-day averages and 18% below the 52-week high. Puts on a rising stock are often protection for gains rather than a call for a fall, so read it as caution, not a crash signal. Off-exchange volume was ordinary, 32.5% of trading on November 6 against an average near 35%.

Goodyear: small call-heavy bets after a target cut

Goodyear fell in the November 6 session after an analyst trimmed its price target. Options traders still leaned up: 1,438 calls against 374 puts, a put/call volume ratio of 0.26, with about $69K of premium in calls and $11K in puts, 86% on the call side. The heaviest activity sat in the January 19, 2029 expiration, $24K of premium, 95% in calls. The open book still tilted the other way, with 96,928 put contracts outstanding against 78,229 calls, a ratio of 1.24, according to the Wire's smart-money check on Goodyear. Off the exchanges, 5,821,365 shares traded, 1.4x the stock's 20-session average but 44.2% of volume against a normal 48.4%, so nothing unusual. Bets that run out to 2029 are a long-term view; see how multi-year option contracts work.

What it means for fleets and service shops

• Parts demand looks steady. Heavy call money on O'Reilly suggests investors expect commercial and do-it-yourself parts sales to hold up, which usually means parts prices stay firm, not soft.

• Mixed signals across the group. AutoZone's put tilt and Goodyear's put-heavy open book show the market is not uniformly upbeat. Do not budget for a parts or tire price break based on this.

• Older trucks cost more to keep running. When parts and tires stay expensive, the gap between repairing an aging unit and replacing it narrows. Track repair spend per unit per month and compare it with a new-unit payment.

• Plan tire buys ahead. Tires are a large, predictable expense. Buying sets on a schedule, rather than in an emergency, is the easiest saving most fleets can make.

For more on fleet costs, read our look at Allison Transmission and vocational truck buyers and our report on truck lessors, dealers and the lease-versus-buy choice.

A signal, not a guarantee

Options premium shows where money went, not whether each trade opened or closed a position, and one session of flow can reverse quickly. Off-exchange volume near normal says little about direction. Treat all of this as a signal, not a guarantee. This article is for education and is not investment advice. Figures are from GTA Terminal data, dated as shown.

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