Open Interest Exposure Profile
Net Open Interest
Put & Call Open Interest
Expiration Summary Table
| Expiration Date | DTE | Put Vol | Call Vol | Total Vol | Put/Call Vol | Put OI | Call OI | Total OI | Put/Call OI | Implied Volatility |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-12 | -1 | 573132 | 226666 | 799798 | 2.53 | 573132 | 226666 | 799798 | 2.53 | 32.92% |
| 2025-09-15 | 2 | 98513 | 53724 | 152237 | 1.83 | 98513 | 53724 | 152237 | 1.83 | 18.24% |
| 2025-09-16 | 3 | 35990 | 29185 | 65175 | 1.23 | 35990 | 29185 | 65175 | 1.23 | 17.11% |
| 2025-09-17 | 4 | 30655 | 41782 | 72437 | 0.73 | 30655 | 41782 | 72437 | 0.73 | 17.6% |
| 2025-09-18 | 5 | 51229 | 43616 | 94845 | 1.17 | 51229 | 43616 | 94845 | 1.17 | 20.09% |
| 2025-09-19 | 6 | 2500123 | 832338 | 3332461 | 3.0 | 2500123 | 832338 | 3332461 | 3.0 | 25.69% |
| 2025-09-22 | 9 | 10238 | 6814 | 17052 | 1.5 | 10238 | 6814 | 17052 | 1.5 | 13.48% |
| 2025-09-23 | 10 | 5329 | 4058 | 9387 | 1.31 | 5329 | 4058 | 9387 | 1.31 | 13.49% |
| 2025-09-24 | 11 | 1389 | 1389 | 2778 | 1.0 | 1389 | 1389 | 2778 | 1.0 | 13.72% |
| 2025-09-26 | 13 | 155827 | 94767 | 250594 | 1.64 | 155827 | 94767 | 250594 | 1.64 | 16.08% |
| 2025-09-30 | 17 | 731197 | 232121 | 963318 | 3.15 | 731197 | 232121 | 963318 | 3.15 | 19.08% |
| 2025-10-03 | 20 | 90350 | 60281 | 150631 | 1.5 | 90350 | 60281 | 150631 | 1.5 | 15.9% |
| 2025-10-10 | 27 | 25751 | 22826 | 48577 | 1.13 | 25751 | 22826 | 48577 | 1.13 | 16.3% |
| 2025-10-17 | 34 | 1355873 | 336305 | 1692178 | 4.03 | 1355873 | 336305 | 1692178 | 4.03 | 16.43% |
| 2025-10-24 | 41 | 19427 | 8826 | 28253 | 2.2 | 19427 | 8826 | 28253 | 2.2 | 15.17% |
| 2025-10-31 | 48 | 454836 | 139834 | 594670 | 3.25 | 454836 | 139834 | 594670 | 3.25 | 17.32% |
| 2025-11-21 | 69 | 280618 | 96066 | 376684 | 2.92 | 280618 | 96066 | 376684 | 2.92 | 16.3% |
| 2025-11-28 | 76 | 103766 | 52250 | 156016 | 1.99 | 103766 | 52250 | 156016 | 1.99 | 16.92% |
| 2025-12-19 | 97 | 540239 | 409757 | 949996 | 1.32 | 540239 | 409757 | 949996 | 1.32 | 18.12% |
| 2025-12-31 | 109 | 103338 | 105801 | 209139 | 0.98 | 103338 | 105801 | 209139 | 0.98 | 18.3% |
| 2026-01-16 | 125 | 411123 | 430361 | 841484 | 0.96 | 411123 | 430361 | 841484 | 0.96 | 17.88% |
| 2026-01-30 | 139 | 4632 | 13785 | 18417 | 0.34 | 4632 | 13785 | 18417 | 0.34 | 15.63% |
| 2026-02-20 | 160 | 159262 | 22951 | 182213 | 6.94 | 159262 | 22951 | 182213 | 6.94 | 17.03% |
| 2026-02-27 | 167 | 2999 | 941 | 3940 | 3.19 | 2999 | 941 | 3940 | 3.19 | 16.56% |
| 2026-03-20 | 188 | 289064 | 226067 | 515131 | 1.28 | 289064 | 226067 | 515131 | 1.28 | 17.55% |
| 2026-03-31 | 199 | 28957 | 22469 | 51426 | 1.29 | 28957 | 22469 | 51426 | 1.29 | 18.14% |
| 2026-06-18 | 278 | 187350 | 216162 | 403512 | 0.87 | 187350 | 216162 | 403512 | 0.87 | 17.65% |
| 2026-06-30 | 290 | 8003 | 6336 | 14339 | 1.26 | 8003 | 6336 | 14339 | 1.26 | 17.62% |
| 2026-09-18 | 370 | 86276 | 214484 | 300760 | 0.4 | 86276 | 214484 | 300760 | 0.4 | 17.57% |
| 2026-12-18 | 461 | 74836 | 144179 | 219015 | 0.52 | 74836 | 144179 | 219015 | 0.52 | 17.56% |
| 2027-01-15 | 489 | 75469 | 57977 | 133446 | 1.3 | 75469 | 57977 | 133446 | 1.3 | 17.44% |
| 2027-12-17 | 825 | 46822 | 42288 | 89110 | 1.11 | 46822 | 42288 | 89110 | 1.11 | 17.8% |
Understanding Open Interest & Volume
What are Open Interest and Volume?
Open Interest (OI) is the total number of outstanding options contracts for a given strike and expiration. It represents the total number of open positions. Volume is the number of contracts traded during the current session. High OI indicates that a strike is significant, as a large amount of capital is positioned there.
How to Interpret This Data
- High OI Strikes: Strikes with unusually high open interest often act as "magnets" or barriers for the stock price, especially near expiration, due to the hedging activities of market makers.
- Put/Call Ratios: The ratio of put OI to call OI is a common sentiment indicator. A high ratio can suggest bearish sentiment (more puts than calls), while a low ratio can suggest bullishness.
- Volume vs. OI: When daily volume exceeds open interest at a particular strike, it signals that new positions are being initiated with conviction, indicating fresh interest at that price level.
Practical Applications
- Identify significant support and resistance levels based on OI concentration (often called "walls").
- Gauge market sentiment and potential for trend continuation or reversal by analyzing Put/Call ratios.
- Confirm the significance of a price level by looking for a corresponding spike in both volume and open interest.