BP Options Chain, Open Interest, and Volatility Data

BP Options Open Interest & Strategy Insights

BP – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
37	89086	3977	93063
35	48507	13510	62017
40	50681	3829	54510
36	43726	2813	46539
30	15671	23790	39461
28	7579	29797	37376
33	9531	25853	35384
39	29241	22	29263
34	9432	11495	20927
38	20093	51	20144

BP – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.42	0.46	36.44%	38.06%	1.62%

Data Analysis

Symbol: BP Current Price: 35.68
Max Pain: 37.00 (below)

📌 Absolute OI Peak: 37.00 (93063 contracts)
🛡️ Short-term Key Levels: 35.00（62017 contracts，minor support） , 34.00（20927 contracts，minor support） , 33.00（35384 contracts，major support）

📈 Put/Call OI Ratio: 0.42 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.46 (bullish, Call volume dominant)

📊 Avg Call IV: 36.44%
Avg Put IV: 38.06%
IV Skew: 1.62% (Put IV higher than Call IV by 1.62%, downward expectation slightly stronger)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	5667	400	18010	0.071	Moderate Bullish 📈 (70) ⚠️
2025-11-14	432	217	1897	0.502	Slight Bullish 📈 (60)
2025-11-21	939	1820	118933	1.938	Strong Bearish 📉💥 (15)
2025-11-28	141	114	1075	0.809	Slight Bullish 📈 (60)
2025-12-05	23	58	279	2.522	Moderate Bearish 📉 (30)
2025-12-12	7	21	21	3.000	Moderate Bearish 📉 (30)
2025-12-19	1260	631	38688	0.501	Slight Bullish 📈 (60)
2026-01-16	4205	959	117011	0.228	Strong Bullish 📈💥 (85) ⚠️
2026-02-20	495	283	12438	0.572	Slight Bullish 📈 (60)
2026-03-20	502	94	16789	0.187	Moderate Bullish 📈 (70) ⚠️
2026-04-17	247	494	6785	2.000	Moderate Bearish 📉 (30)
2026-06-18	436	432	20339	0.991	Neutral ⚖️ (50)
2026-09-18	57	353	30385	6.193	Moderate Bearish 📉 (30) ⚠️
2026-12-18	16	724	22851	45.250	Moderate Bearish 📉 (30) ⚠️
2027-01-15	70	1214	52291	17.343	Strong Bearish 📉💥 (15) ⚠️
2028-01-21	224	46	2971	0.205	Moderate Bullish 📈 (70) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.