FHN Options Chain, Open Interest, and Volatility Data

FHN Options Open Interest & Strategy Insights

FHN – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
27	79644	0	79644
25	68755	347	69102
23	58146	1859	60005
26	51775	0	51775
30	50985	0	50985
22	40047	6657	46704
20	12947	14572	27519
29	25328	4	25332
24	23390	1023	24413
28	11120	0	11120

FHN – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.15	2.35	44.86%	47.22%	2.36%

Data Analysis

Symbol: FHN Current Price: 21.51
Max Pain: 29.00 (below)

📌 Absolute OI Peak: 27.00 (79644 contracts)
🛡️ Short-term Key Levels: 20.00（27519 contracts，minor support） , 22.00（46704 contracts，minor resistance） , 23.00（60005 contracts，minor resistance）

📈 Put/Call OI Ratio: 0.15 (bullish, Call OI dominant)
Put/Call Volume Ratio: 2.35 (bearish, Put volume dominant)

📊 Avg Call IV: 44.86%
Avg Put IV: 47.22%
IV Skew: 2.36% (Put IV higher than Call IV by 2.36%, downward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 27.00 (79644 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	12	1097	3485	91.417	Moderate Bearish 📉 (30) ⚠️
2025-11-14	16	35	1189	2.188	Moderate Bearish 📉 (30)
2025-11-21	248	1240	133087	5.000	Strong Bearish 📉💥 (15) ⚠️
2025-11-28	65	7	190	0.108	Moderate Bullish 📈 (70) ⚠️
2025-12-05	4	2	8	0.500	Slight Bullish 📈 (60)
2025-12-19	41	89	2918	2.171	Moderate Bearish 📉 (30)
2026-01-16	198	665	50963	3.359	Strong Bearish 📉💥 (15) ⚠️
2026-02-20	86	555	210547	6.453	Strong Bearish 📉💥 (15) ⚠️
2026-05-15	505	30	47002	0.059	Moderate Bullish 📈 (70) ⚠️
2027-01-15	192	5	8187	0.026	Moderate Bullish 📈 (70) ⚠️
2028-01-21	14	26	213	1.857	Moderate Bearish 📉 (30)
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.