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

Explore the COP 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 COP.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from COP Options by Expiration Date

The table below aggregates COP 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
2026-03-27	10187	3552	13739	0.349
2026-04-02	4502	1872	6374	0.416
2026-04-10	2419	1180	3599	0.488
2026-04-17	39147	24432	63579	0.624
2026-04-24	1133	356	1489	0.314
2026-05-01	323	159	482	0.492
2026-05-15	21463	13830	35293	0.644
2026-06-18	41894	31675	73569	0.756
2026-07-17	7441	4313	11754	0.580
2026-08-21	6451	3107	9558	0.482
2026-09-18	13415	11881	25296	0.886
2026-11-20	46	39	85	0.848
2026-12-18	18356	13350	31706	0.727
2027-01-15	25055	27617	52672	1.102
2027-03-19	332	348	680	1.048
2027-06-17	1221	1060	2281	0.868
2027-12-17	2696	4387	7083	1.627
2028-01-21	3002	3730	6732	1.243
2028-12-15	1999	582	2581	0.291
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for COP 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 COP. 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 COP options, while lower scores highlight more defensive or bearish structures.