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
2025-12-26	1478	666	2144	0.451
2026-01-02	804	518	1322	0.644
2026-01-09	1037	433	1470	0.418
2026-01-16	20482	25957	46439	1.267
2026-01-23	801	797	1598	0.995
2026-01-30	890	1115	2005	1.253
2026-02-20	2937	5270	8207	1.794
2026-03-20	5388	5438	10826	1.009
2026-05-15	2508	1562	4070	0.623
2026-06-18	4019	4526	8545	1.126
2026-08-21	1	54	55	54.000
2026-09-18	1278	1886	3164	1.476
2026-12-18	264	1197	1461	4.534
2027-01-15	5301	5070	10371	0.956
2028-01-21	712	546	1258	0.767
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.