NWL Options Chain, Open Interest, and Volatility Data

NWL Options Open Interest & Strategy Insights

NWL – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
5	22304	26653	48957
6	21702	4111	25813
7	15919	6318	22237
3	5923	8919	14842
10	12960	819	13779
4	4013	8898	12911
12	4918	182	5100
8	1836	148	1984
15	1809	5	1814
20	1112	0	1112

NWL – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.79	0.53	73.60%	78.43%	4.83%

Data Analysis

Symbol: NWL Current Price: 3.22
Max Pain: 6.00 (below)

📌 Absolute OI Peak: 5.00 (48957 contracts)
🛡️ Short-term Key Levels: 3.00（14842 contracts，minor support） , 4.00（12911 contracts，minor resistance） , 6.00（25813 contracts，major resistance）

📈 Put/Call OI Ratio: 1.79 (bearish, Put OI dominant)
Put/Call Volume Ratio: 0.53 (bullish, Call volume dominant)

📊 Avg Call IV: 73.60%
Avg Put IV: 78.43%
IV Skew: 4.83% (Put IV higher than Call IV by 4.83%, downward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 5.00 (48957 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	197	36	12401	0.183	Moderate Bullish 📈 (70) ⚠️
2025-12-19	344	20	15547	0.058	Moderate Bullish 📈 (70) ⚠️
2026-01-16	91	103	40625	1.132	Slight Bearish 📉 (40)
2026-03-20	112	42	10979	0.375	Moderate Bullish 📈 (70)
2026-06-18	40	88	2040	2.200	Moderate Bearish 📉 (30)
2027-01-15	75	130	14743	1.733	Moderate Bearish 📉 (30)
2028-01-21	262	32	1054	0.122	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.