Volume Exposure Profile
Net Volume
Put & Call Volume
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 | 917265 | 577243 | 1494508 | 1.59 | 805520 | 307422 | 1112942 | 2.62 | 31.85% |
| 2025-09-15 | 2 | 142312 | 94682 | 236994 | 1.5 | 133522 | 64692 | 198214 | 2.06 | 19.03% |
| 2025-09-16 | 3 | 71617 | 52367 | 123984 | 1.37 | 60442 | 41616 | 102058 | 1.45 | 17.44% |
| 2025-09-17 | 4 | 44860 | 28235 | 73095 | 1.59 | 45217 | 46670 | 91887 | 0.97 | 18.72% |
| 2025-09-18 | 5 | 40266 | 24589 | 64855 | 1.64 | 70528 | 52902 | 123430 | 1.33 | 20.49% |
| 2025-09-19 | 6 | 336126 | 169223 | 505349 | 1.99 | 2527159 | 839584 | 3366743 | 3.01 | 26.16% |
| 2025-09-22 | 9 | 20754 | 17187 | 37941 | 1.21 | 22082 | 13173 | 35255 | 1.68 | 13.74% |
| 2025-09-23 | 10 | 7118 | 4515 | 11633 | 1.58 | 9851 | 6092 | 15943 | 1.62 | 14.03% |
| 2025-09-24 | 11 | 4622 | 4673 | 9295 | 0.99 | 4464 | 4895 | 9359 | 0.91 | 13.23% |
| 2025-09-25 | 12 | 1856 | 2416 | 4272 | 0.77 | 1175 | 2023 | 3198 | 0.58 | 14.25% |
| 2025-09-26 | 13 | 78321 | 63538 | 141859 | 1.23 | 164079 | 120478 | 284557 | 1.36 | 16.21% |
| 2025-09-30 | 17 | 161698 | 69819 | 231517 | 2.32 | 807906 | 248410 | 1056316 | 3.25 | 18.75% |
| 2025-10-03 | 20 | 37683 | 14810 | 52493 | 2.54 | 114075 | 60697 | 174772 | 1.88 | 15.78% |
| 2025-10-10 | 27 | 18746 | 14001 | 32747 | 1.34 | 37191 | 30163 | 67354 | 1.23 | 16.21% |
| 2025-10-17 | 34 | 261268 | 69248 | 330516 | 3.77 | 1423278 | 339165 | 1762443 | 4.2 | 16.24% |
| 2025-10-24 | 41 | 7886 | 4541 | 12427 | 1.74 | 23816 | 11750 | 35566 | 2.03 | 14.99% |
| 2025-10-31 | 48 | 329218 | 12056 | 341274 | 27.31 | 770559 | 140261 | 910820 | 5.49 | 17.13% |
| 2025-11-21 | 69 | 52092 | 13600 | 65692 | 3.83 | 302298 | 98614 | 400912 | 3.07 | 16.1% |
| 2025-11-28 | 76 | 7571 | 2813 | 10384 | 2.69 | 108114 | 52455 | 160569 | 2.06 | 16.78% |
| 2025-12-19 | 97 | 40360 | 25227 | 65587 | 1.6 | 547576 | 414544 | 962120 | 1.32 | 18.05% |
| 2025-12-31 | 109 | 6658 | 4872 | 11530 | 1.37 | 107199 | 105809 | 213008 | 1.01 | 18.3% |
| 2026-01-16 | 125 | 18281 | 17794 | 36075 | 1.03 | 413192 | 431115 | 844307 | 0.96 | 17.88% |
| 2026-01-30 | 139 | 1120 | 1954 | 3074 | 0.57 | 4833 | 14517 | 19350 | 0.33 | 15.62% |
| 2026-02-20 | 160 | 1143 | 1774 | 2917 | 0.64 | 159976 | 24005 | 183981 | 6.66 | 16.94% |
| 2026-02-27 | 167 | 809 | 790 | 1599 | 1.02 | 3653 | 1495 | 5148 | 2.44 | 16.44% |
| 2026-03-20 | 188 | 11988 | 4985 | 16973 | 2.4 | 288960 | 225988 | 514948 | 1.28 | 17.49% |
| 2026-03-31 | 199 | 1843 | 2074 | 3917 | 0.89 | 30310 | 23534 | 53844 | 1.29 | 17.95% |
| 2026-06-18 | 278 | 3019 | 8806 | 11825 | 0.34 | 187500 | 215430 | 402930 | 0.87 | 17.6% |
| 2026-06-30 | 290 | 297 | 527 | 824 | 0.56 | 8000 | 6373 | 14373 | 1.26 | 17.75% |
| 2026-09-18 | 370 | 11201 | 19895 | 31096 | 0.56 | 90921 | 211014 | 301935 | 0.43 | 17.52% |
| 2026-12-18 | 461 | 1015 | 1250 | 2265 | 0.81 | 75221 | 144103 | 219324 | 0.52 | 17.56% |
| 2027-01-15 | 489 | 1165 | 1271 | 2436 | 0.92 | 75300 | 58047 | 133347 | 1.3 | 17.38% |
| 2027-12-17 | 825 | 1044 | 1256 | 2300 | 0.83 | 46931 | 42265 | 89196 | 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.