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
2026-08-21	17847	18302	36149	1.025
2026-08-28	1296	2915	4211	2.249
2026-09-04	1740	273	2013	0.157
2026-09-11	898	673	1571	0.749
2026-09-18	29411	21662	51073	0.737
2026-09-25	308	149	457	0.484
2026-10-02	52	5	57	0.096
2026-10-16	6043	3622	9665	0.599
2026-11-20	16617	6822	23439	0.411
2026-12-18	25685	19834	45519	0.772
2027-01-15	35371	35653	71024	1.008
2027-02-19	478	306	784	0.640
2027-03-19	2515	4566	7081	1.816
2027-06-17	6445	5002	11447	0.776
2027-12-17	5024	6281	11305	1.250
2028-01-21	3297	5157	8454	1.564
2028-12-15	3736	1554	5290	0.416
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.