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
2026-02-06	13681	3630	17311	0.265
2026-02-13	8857	4839	13696	0.546
2026-02-20	41580	31378	72958	0.755
2026-02-27	1951	1615	3566	0.828
2026-03-06	888	269	1157	0.303
2026-03-13	67	49	116	0.731
2026-03-20	46246	25385	71631	0.549
2026-03-27	1	0	1	0.000
2026-04-17	11789	10470	22259	0.888
2026-05-15	5872	7635	13507	1.300
2026-06-18	41488	22671	64159	0.546
2026-07-17	1670	2632	4302	1.576
2026-08-21	3285	582	3867	0.177
2026-09-18	7524	7146	14670	0.950
2026-12-18	8547	11986	20533	1.402
2027-01-15	19029	17573	36602	0.923
2027-06-17	275	204	479	0.742
2027-12-17	2405	4108	6513	1.708
2028-01-21	2787	3482	6269	1.249
2028-12-15	963	218	1181	0.226
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.