PGY Options Chain, Open Interest, and Volatility Data

PGY Options Open Interest & Strategy Insights

PGY – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
20	3908	15584	19492
40	16956	463	17419
35	14788	754	15542
30	10475	2342	12817
25	4363	3197	7560
50	6172	179	6351
5	949	5313	6262
22	872	4837	5709
45	4744	152	4896
10	3797	835	4632

PGY – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
3.23	1.65	91.58%	87.44%	-4.13%

Data Analysis

Symbol: PGY Current Price: 25.59
Max Pain: 35.00 (below)

📌 Absolute OI Peak: 20.00 (19492 contracts)
🛡️ Short-term Key Levels: 25.00（7560 contracts，minor support） , 22.00（5709 contracts，major support） , 10.00（4632 contracts，major support）

📈 Put/Call OI Ratio: 3.23 (bearish, Put OI dominant)
Put/Call Volume Ratio: 1.65 (bearish, Put volume dominant)

📊 Avg Call IV: 91.58%
Avg Put IV: 87.44%
IV Skew: -4.13% (Call IV higher than Put IV by 4.13%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 20.00 (19492 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	2371	1033	43530	0.436	Moderate Bullish 📈 (70)
2025-12-19	412	188	3778	0.456	Moderate Bullish 📈 (70)
2026-01-16	524	2073	42224	3.956	Moderate Bearish 📉 (30) ⚠️
2026-02-20	391	120	20450	0.307	Moderate Bullish 📈 (70)
2026-05-15	180	305	3356	1.694	Moderate Bearish 📉 (30)
2027-01-15	54	52	8624	0.963	Neutral ⚖️ (50)
2028-01-21	197	6	731	0.030	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.