HPE Options Chain, Open Interest, and Volatility Data

HPE Options Open Interest & Strategy Insights

HPE – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
25	73585	15957	89542
22	54476	16129	70605
20	27598	38473	66071
24	51051	12202	63253
23	26582	19812	46394
26	33475	12660	46135
17	10653	34117	44770
15	3897	34901	38798
10	651	35229	35880
18	1564	26501	28065

HPE – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.53	1.66	54.00%	50.94%	-3.06%

Data Analysis

Symbol: HPE Current Price: 23.70
Max Pain: 24.00 (near)

📌 Absolute OI Peak: 25.00 (89542 contracts)
🛡️ Short-term Key Levels: 23.00（46394 contracts，minor support） , 22.00（70605 contracts，minor support） , 20.00（66071 contracts，major support）

📈 Put/Call OI Ratio: 0.53 (bullish, Call OI dominant)
Put/Call Volume Ratio: 1.66 (bearish, Put volume dominant)

📊 Avg Call IV: 54.00%
Avg Put IV: 50.94%
IV Skew: -3.06% (Call IV higher than Put IV by 3.06%, upward 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	393	491	12753	1.249	Slight Bearish 📉 (40)
2025-11-14	1073	725	7256	0.676	Slight Bullish 📈 (60)
2025-11-21	3791	5272	224933	1.391	Moderate Bearish 📉 (35) ⚠️
2025-11-28	121	145	5751	1.198	Slight Bearish 📉 (40)
2025-12-05	284	59	1863	0.208	Moderate Bullish 📈 (70) ⚠️
2025-12-12	6	4	106	0.667	Slight Bullish 📈 (60)
2025-12-19	779	208	14977	0.267	Moderate Bullish 📈 (70) ⚠️
2026-01-16	633	5990	158329	9.463	Strong Bearish 📉💥 (15) ⚠️
2026-02-20	1434	353	17638	0.246	Moderate Bullish 📈 (70) ⚠️
2026-03-20	124	533	55729	4.298	Strong Bearish 📉💥 (15) ⚠️
2026-04-17	163	4	917	0.025	Moderate Bullish 📈 (70) ⚠️
2026-05-15	124	42	1027	0.339	Moderate Bullish 📈 (70)
2026-06-18	566	363	15552	0.641	Slight Bullish 📈 (60)
2026-09-18	121	818	25417	6.760	Moderate Bearish 📉 (30) ⚠️
2026-12-18	2	25	8	12.500	Moderate Bearish 📉 (30) ⚠️
2027-01-15	188	1360	20771	7.234	Moderate Bearish 📉 (30) ⚠️
2028-01-21	60	31	2051	0.517	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.