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CBOE Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the CBOE options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for CBOE.

Market Sentiment from CBOE Options by Expiration Date

The table below aggregates CBOE options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date Call OI Put OI Total Open Interest Put/Call Ratio
2026-02-06 818 451 1269 0.551
2026-02-13 504 432 936 0.857
2026-02-20 1307 551 1858 0.422
2026-02-27 224 83 307 0.371
2026-03-06 11 47 58 4.273
2026-03-13 2 54 56 27.000
2026-03-20 2027 957 2984 0.472
2026-03-27 0 29 29 29.000
2026-06-18 1743 592 2335 0.340
2026-09-18 76 75 151 0.987
2027-01-15 3779 1851 5630 0.490
2028-01-21 956 407 1363 0.426

How the Options Sentiment Score Is Calculated

This sentiment framework evaluates market bias for CBOE based on aggregated options data by expiration date. The key metrics are:

  • Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand.
  • Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around CBOE.
  • Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk.

The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in CBOE options, while lower scores highlight more defensive or bearish structures.