CTRA Options Chain, Open Interest, and Volatility Data

CTRA Options Open Interest & Strategy Insights

CTRA – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
25	40513	6979	47492
30	18034	796	18830
24	12776	730	13506
28	13286	98	13384
27	10203	1734	11937
20	916	8038	8954
26	8339	285	8624
23	1371	3283	4654
22	594	3272	3866
35	2498	1	2499

CTRA – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.23	0.20	45.98%	48.08%	2.10%

Data Analysis

Symbol: CTRA Current Price: 25.75
Max Pain: 28.00 (below)

📌 Absolute OI Peak: 25.00 (47492 contracts)
🛡️ Short-term Key Levels: 24.00（13506 contracts，minor support） , 23.00（4654 contracts，major support） , 22.00（3866 contracts，major support）

📈 Put/Call OI Ratio: 0.23 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.20 (bullish, Call volume dominant)

📊 Avg Call IV: 45.98%
Avg Put IV: 48.08%
IV Skew: 2.10% (Put IV higher than Call IV by 2.10%, downward expectation slightly stronger)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	74	111	4668	1.500	Slight Bearish 📉 (40)
2025-11-14	66	44	712	0.667	Slight Bullish 📈 (60)
2025-11-21	245	188	5194	0.767	Slight Bullish 📈 (60)
2025-11-28	20	28	332	1.400	Slight Bearish 📉 (40)
2025-12-05	17	3	6	0.176	Moderate Bullish 📈 (70) ⚠️
2025-12-12	0	0	1	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	1909	36	5088	0.019	Moderate Bullish 📈 (70) ⚠️
2026-01-16	1715	175	44449	0.102	Moderate Bullish 📈 (70) ⚠️
2026-04-17	138	320	2116	2.319	Moderate Bearish 📉 (30)
2026-06-18	111	837	5235	7.541	Moderate Bearish 📉 (30) ⚠️
2026-09-18	66	7	255	0.106	Moderate Bullish 📈 (70) ⚠️
2027-01-15	63	45	19301	0.714	Slight Bullish 📈 (60)
2027-12-17	11	7	59	0.636	Slight Bullish 📈 (60)
2028-01-21	12	7	62	0.583	Slight Bullish 📈 (60)
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.