BTU Options Chain, Open Interest, and Volatility Data

BTU Options Open Interest & Strategy Insights

BTU – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
25	29194	7052	36246
15	20361	13123	33484
22	24258	7659	31917
5	98	19844	19942
30	15648	3500	19148
37	18127	159	18286
18	5047	10511	15558
20	8192	6737	14929
26	8195	4039	12234
40	11201	419	11620

BTU – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.32	0.43	72.91%	65.82%	-7.09%

Data Analysis

Symbol: BTU Current Price: 29.06
Max Pain: 25.00 (above)

📌 Absolute OI Peak: 25.00 (36246 contracts)
🛡️ Short-term Key Levels: 26.00（12234 contracts，major support） , 22.00（31917 contracts，major support） , 20.00（14929 contracts，major support）

📈 Put/Call OI Ratio: 0.32 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.43 (bullish, Call volume dominant)

📊 Avg Call IV: 72.91%
Avg Put IV: 65.82%
IV Skew: -7.09% (Call IV higher than Put IV by 7.09%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 15.00 (33484 contracts), sentiment: bullish (Call OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	481	632	7176	1.314	Slight Bearish 📉 (40)
2025-11-14	490	76	3622	0.155	Moderate Bullish 📈 (70) ⚠️
2025-11-21	198	155	24765	0.783	Slight Bullish 📈 (60)
2025-11-28	148	20	395	0.135	Moderate Bullish 📈 (70) ⚠️
2025-12-05	54	0	130	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-12	0	2	13	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	2509	63	5822	0.025	Moderate Bullish 📈 (70) ⚠️
2026-01-16	1134	602	76848	0.531	Moderate Bullish 📈 (65)
2026-02-20	251	248	10790	0.988	Neutral ⚖️ (50)
2026-04-17	93	1735	28721	18.656	Moderate Bearish 📉 (30) ⚠️
2026-06-18	12	455	1349	37.917	Moderate Bearish 📉 (30) ⚠️
2026-09-18	15	1	346	0.067	Moderate Bullish 📈 (70) ⚠️
2026-12-18	155	60	16369	0.387	Moderate Bullish 📈 (70)
2027-01-15	73	444	21484	6.082	Moderate Bearish 📉 (30) ⚠️
2028-01-21	201	146	1667	0.726	Slight Bullish 📈 (60)
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.