NLY Options Chain, Open Interest, and Volatility Data

NLY Options Open Interest & Strategy Insights

NLY – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
22	35287	2188	37475
20	12740	12438	25178
21	17685	6994	24679
23	21381	163	21544
21.5	11688	188	11876
15	79	6625	6704
25	6487	159	6646
18	1105	4307	5412
19	269	4074	4343
13	8	3429	3437

NLY – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.32	0.37	33.47%	47.01%	13.53%

Data Analysis

Symbol: NLY Current Price: 21.70
Max Pain: 22.00 (near)

📌 Absolute OI Peak: 22.00 (37475 contracts)
🛡️ Short-term Key Levels: 21.50（11876 contracts，minor support） , 21.00（24679 contracts，minor support） , 20.00（25178 contracts，minor support）

📈 Put/Call OI Ratio: 0.32 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.37 (bullish, Call volume dominant)

📊 Avg Call IV: 33.47%
Avg Put IV: 47.01%
IV Skew: 13.53% (Put IV higher than Call IV by 13.53%, downward 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	6266	161	6247	0.026	Moderate Bullish 📈 (70) ⚠️
2025-11-14	6236	80	940	0.013	Moderate Bullish 📈 (70) ⚠️
2025-11-21	2324	105	30642	0.045	Moderate Bullish 📈 (70) ⚠️
2025-11-28	160	39	2778	0.244	Moderate Bullish 📈 (70) ⚠️
2025-12-05	25	3	243	0.120	Moderate Bullish 📈 (70) ⚠️
2025-12-12	0	0	70	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	369	7124	6311	19.306	Moderate Bearish 📉 (30) ⚠️
2026-01-16	1004	288	45864	0.287	Moderate Bullish 📈 (70) ⚠️
2026-04-17	119	144	9504	1.210	Slight Bearish 📉 (40)
2027-01-15	89	341	14576	3.831	Moderate Bearish 📉 (30) ⚠️
2028-01-21	22	72	1085	3.273	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.