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

Explore the CL 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 CL.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from CL Options by Expiration Date

The table below aggregates CL 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
2026-08-28	995	1015	2010	1.020
2026-09-04	494	215	709	0.435
2026-09-11	97	112	209	1.155
2026-09-18	12336	9963	22299	0.808
2026-09-25	390	144	534	0.369
2026-10-02	208	55	263	0.264
2026-10-16	474	842	1316	1.776
2026-11-20	4207	1053	5260	0.250
2026-12-18	3676	2753	6429	0.749
2027-01-15	9208	8135	17343	0.883
2027-02-19	345	421	766	1.220
2027-03-19	3948	1115	5063	0.282
2027-06-17	852	2015	2867	2.365
2027-09-17	10	5	15	0.500
2028-01-21	3099	2321	5420	0.749
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for CL 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 CL. 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 CL options, while lower scores highlight more defensive or bearish structures.