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

Explore the FANG 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 FANG.

Market Sentiment from FANG Options by Expiration Date

The table below aggregates FANG 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
2026-10-16 7225 3417 10642 0.473
2026-11-20 1001 457 1458 0.457
2026-12-18 4825 3821 8646 0.792
2027-01-15 14313 8034 22347 0.561
2027-03-19 4435 818 5253 0.184
2027-06-17 4383 2613 6996 0.596
2027-08-20 853 508 1361 0.596
2027-09-17 563 93 656 0.165
2027-11-19 46 40 86 0.870
2028-01-21 7469 4328 11797 0.579
2029-01-19 37 25 62 0.676

How the Options Sentiment Score Is Calculated

This sentiment framework evaluates market bias for FANG 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 FANG.
  • 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 FANG options, while lower scores highlight more defensive or bearish structures.