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

Explore the CNP 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 CNP.

Market Sentiment from CNP Options by Expiration Date

The table below aggregates CNP 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
2026-01-16 4336 655 4991 0.151
2026-02-20 1586 2229 3815 1.405
2026-05-15 2438 1118 3556 0.459
2026-12-18 62 0 62 0.000
2027-01-15 14 17 31 1.214
2027-12-17 7 0 7 0.000
2028-01-21 5 0 5 0.000

How the Options Sentiment Score Is Calculated

This sentiment framework evaluates market bias for CNP 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 CNP.
  • 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 CNP options, while lower scores highlight more defensive or bearish structures.