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
2026-10-16	4263	2876	7139	0.675
2026-10-23	447	152	599	0.340
2026-10-30	1065	158	1223	0.148
2026-11-06	121	38	159	0.314
2026-11-13	265	29	294	0.109
2026-11-20	4963	2341	7304	0.472
2026-11-27	2	6	8	3.000
2026-12-18	5006	6991	11997	1.397
2027-01-15	9984	9324	19308	0.934
2027-02-19	1094	623	1717	0.569
2027-03-19	5278	2516	7794	0.477
2027-05-21	161	24	185	0.149
2027-06-17	1193	2182	3375	1.829
2027-09-17	209	118	327	0.565
2028-01-21	3260	2417	5677	0.741
2029-01-19	324	49	373	0.151
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.