DOW Options Chain, Open Interest, and Volatility Data

DOW Options Open Interest & Strategy Insights

DOW – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
25	73430	40025	113455
30	64442	26561	91003
27.5	45330	30171	75501
20	9386	52569	61955
22.5	17036	44031	61067
32.5	36428	9061	45489
35	29795	9716	39511
17.5	3662	27908	31570
40	17722	6284	24006
37.5	13056	7069	20125

DOW – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.21	0.60	56.71%	59.13%	2.42%

Data Analysis

Symbol: DOW Current Price: 22.77
Max Pain: 30.00 (below)

📌 Absolute OI Peak: 25.00 (113455 contracts)
🛡️ Short-term Key Levels: 22.50（61067 contracts，minor support） , 20.00（61955 contracts，major support） , 17.50（31570 contracts，major support）

📈 Put/Call OI Ratio: 1.21 (bearish, Put OI dominant)
Put/Call Volume Ratio: 0.60 (bullish, Call volume dominant)

📊 Avg Call IV: 56.71%
Avg Put IV: 59.13%
IV Skew: 2.42% (Put IV higher than Call IV by 2.42%, downward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 30.00 (91003 contracts), sentiment: bullish (Call OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	1746	1003	23179	0.574	Slight Bullish 📈 (60)
2025-11-14	2250	172	7420	0.076	Moderate Bullish 📈 (70) ⚠️
2025-11-21	1234	913	44433	0.740	Slight Bullish 📈 (60)
2025-11-28	200	135	4305	0.675	Slight Bullish 📈 (60)
2025-12-05	125	100	1875	0.800	Slight Bullish 📈 (60)
2025-12-12	43	40	269	0.930	Neutral ⚖️ (50)
2025-12-19	377	82	89758	0.218	Strong Bullish 📈💥 (85) ⚠️
2026-01-16	316	50	100327	0.158	Strong Bullish 📈💥 (85) ⚠️
2026-03-20	488	304	85400	0.623	Moderate Bullish 📈 (65)
2026-06-18	139	176	43622	1.266	Slight Bearish 📉 (40)
2026-09-18	101	148	29187	1.465	Slight Bearish 📉 (40)
2026-12-18	145	410	29486	2.828	Moderate Bearish 📉 (30)
2027-01-15	98	78	58125	0.796	Moderate Bullish 📈 (65)
2028-01-21	173	66	6137	0.382	Moderate Bullish 📈 (70)
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.