NTES Options Chain, Open Interest, and Volatility Data

NTES Options Open Interest & Strategy Insights

NTES – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
160	2585	16	2601
110	161	2259	2420
140	291	1405	1696
115	402	1194	1596
165	1397	97	1494
130	408	1022	1430
155	1213	40	1253
170	1164	23	1187
150	500	657	1157
135	803	227	1030

NTES – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.77	0.84	53.08%	46.41%	-6.67%

Data Analysis

Symbol: NTES Current Price: 139.10
Max Pain: 145.00 (below)

📌 Absolute OI Peak: 160.00 (2601 contracts)
🛡️ Short-term Key Levels: 135.00（1030 contracts，major support） , 130.00（1430 contracts，major support） , 115.00（1596 contracts，major support）

📈 Put/Call OI Ratio: 0.77 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.84 (bullish, Call volume dominant)

📊 Avg Call IV: 53.08%
Avg Put IV: 46.41%
IV Skew: -6.67% (Call IV higher than Put IV by 6.67%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 110.00 (2420 contracts), sentiment: bearish (Put 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
2025-11-21	80	9	2132	0.113	Moderate Bullish 📈 (70) ⚠️
2025-12-19	121	101	7010	0.835	Slight Bullish 📈 (60)
2026-01-16	377	65	5743	0.172	Moderate Bullish 📈 (70) ⚠️
2026-03-20	52	379	1389	7.288	Moderate Bearish 📉 (30) ⚠️
2026-06-18	33	35	569	1.061	Neutral ⚖️ (50)
2026-09-18	239	16	414	0.067	Moderate Bullish 📈 (70) ⚠️
2026-12-18	2	0	2	0.000	Moderate Bullish 📈 (70) ⚠️
2027-01-15	43	62	482	1.442	Slight Bearish 📉 (40)
2028-01-21	9	0	19	0.000	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.