IQ Options Chain, Open Interest, and Volatility Data

IQ Options Open Interest & Strategy Insights

IQ – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
2.5	234070	9100	243170
2	34404	108632	143036
3	56127	1602	57729
1.5	5205	50734	55939
5.5	36486	92	36578
1	3631	22443	26074
3.5	24126	846	24972
5	8408	4146	12554
4	10468	594	11062
4.5	6136	185	6321

IQ – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.44	0.36	72.58%	66.53%	-6.05%

Data Analysis

Symbol: IQ Current Price: 2.20
Max Pain: 2.50 (near)

📌 Absolute OI Peak: 2.50 (243170 contracts)
🛡️ Short-term Key Levels: 2.00（143036 contracts，minor support） , 1.50（55939 contracts，minor support） , 1.00（26074 contracts，minor support）

📈 Put/Call OI Ratio: 0.44 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.36 (bullish, Call volume dominant)

📊 Avg Call IV: 72.58%
Avg Put IV: 66.53%
IV Skew: -6.05% (Call IV higher than Put IV by 6.05%, 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	11	59	2250	5.364	Moderate Bearish 📉 (30) ⚠️
2025-11-14	212	211	960	0.995	Neutral ⚖️ (50)
2025-11-21	51	25	6454	0.490	Moderate Bullish 📈 (70)
2025-11-28	1	88	343	88.000	Moderate Bearish 📉 (30) ⚠️
2025-12-05	1	0	1	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	940	24	114270	0.026	Strong Bullish 📈💥 (85) ⚠️
2026-01-16	651	3148	271477	4.836	Strong Bearish 📉💥 (15) ⚠️
2026-03-20	329	20	132332	0.061	Strong Bullish 📈💥 (85) ⚠️
2026-06-18	24	2	101	0.083	Moderate Bullish 📈 (70) ⚠️
2026-09-18	50	0	159	0.000	Moderate Bullish 📈 (70) ⚠️
2027-01-15	132	421	40015	3.189	Moderate Bearish 📉 (30) ⚠️
2028-01-21	1357	1	1584	0.001	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.