OWL Options Chain, Open Interest, and Volatility Data

OWL Options Open Interest & Strategy Insights

OWL – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
20	91737	3140	94877
16	3405	46200	49605
15	3944	41811	45755
17	14968	25676	40644
18	28566	7647	36213
19	23003	5280	28283
14	342	23027	23369
13	548	20283	20831
22	9532	3076	12608
10	352	8220	8572

OWL – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.08	0.14	56.20%	60.28%	4.08%

Data Analysis

Symbol: OWL Current Price: 15.69
Max Pain: 18.00 (below)

📌 Absolute OI Peak: 20.00 (94877 contracts)
🛡️ Short-term Key Levels: 15.00（45755 contracts，minor support） , 14.00（23369 contracts，minor support） , 13.00（20831 contracts，major support）

📈 Put/Call OI Ratio: 1.08 (bearish, Put OI dominant)
Put/Call Volume Ratio: 0.14 (bullish, Call volume dominant)

📊 Avg Call IV: 56.20%
Avg Put IV: 60.28%
IV Skew: 4.08% (Put IV higher than Call IV by 4.08%, downward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 20.00 (94877 contracts), sentiment: bullish (Call 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	536	267	151257	0.498	Strong Bullish 📈💥 (85)
2025-12-19	183	76	8426	0.415	Moderate Bullish 📈 (70)
2026-01-16	289	211	64717	0.730	Moderate Bullish 📈 (65)
2026-02-20	6304	654	33607	0.104	Moderate Bullish 📈 (70) ⚠️
2026-05-15	4163	35	11392	0.008	Moderate Bullish 📈 (70) ⚠️
2027-01-15	90	247	25496	2.744	Moderate Bearish 📉 (30)
2028-01-21	90	4330	6036	48.111	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.