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
2026-02-06	1429	449	1878	0.314
2026-02-13	2289	1785	4074	0.780
2026-02-20	6468	6236	12704	0.964
2026-02-27	685	261	946	0.381
2026-03-06	97	35	132	0.361
2026-03-13	56	12	68	0.214
2026-03-20	7327	7371	14698	1.006
2026-03-27	0	0	0	0.000
2026-05-15	3961	2287	6248	0.577
2026-06-18	5548	7097	12645	1.279
2026-08-21	972	446	1418	0.459
2026-09-18	1661	6299	7960	3.792
2026-12-18	2073	1592	3665	0.768
2027-01-15	5371	6678	12049	1.243
2028-01-21	960	833	1793	0.868
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.