IAG Options Chain, Open Interest, and Volatility Data

IAG Options Open Interest & Strategy Insights

IAG – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
10	19235	2874	22109
13	13872	3597	17469
12	11585	4173	15758
15	14439	558	14997
11	5921	8681	14602
7	5244	3324	8568
14	7328	482	7810
8	4349	1790	6139
16	3936	58	3994
9	2211	1512	3723

IAG – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.29	1.27	71.21%	62.29%	-8.92%

Data Analysis

Symbol: IAG Current Price: 11.92
Max Pain: 14.00 (below)

📌 Absolute OI Peak: 10.00 (22109 contracts)
🛡️ Short-term Key Levels: 11.00（14602 contracts，minor support） , 9.00（3723 contracts，major support） , 8.00（6139 contracts，major support）

📈 Put/Call OI Ratio: 0.29 (bullish, Call OI dominant)
Put/Call Volume Ratio: 1.27 (bearish, Put volume dominant)

📊 Avg Call IV: 71.21%
Avg Put IV: 62.29%
IV Skew: -8.92% (Call IV higher than Put IV by 8.92%, upward expectation slightly stronger)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-21	754	2357	11119	3.126	Moderate Bearish 📉 (30) ⚠️
2025-12-19	493	304	10239	0.617	Slight Bullish 📈 (60)
2026-01-16	554	149	26273	0.269	Moderate Bullish 📈 (70) ⚠️
2026-03-20	129	69	22815	0.535	Slight Bullish 📈 (60)
2026-05-15	243	21	1324	0.086	Moderate Bullish 📈 (70) ⚠️
2026-06-18	49	0	190	0.000	Moderate Bullish 📈 (70) ⚠️
2026-08-21	7	0	117	0.000	Moderate Bullish 📈 (70) ⚠️
2026-11-20	31	0	433	0.000	Moderate Bullish 📈 (70) ⚠️
2027-01-15	212	4	5964	0.019	Moderate Bullish 📈 (70) ⚠️
2028-01-21	23	53	823	2.304	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.