PLUG Options Chain, Open Interest, and Volatility Data

PLUG Options Open Interest & Strategy Insights

PLUG – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
5	301203	8017	309220
3	153970	90292	244262
2	153404	58450	211854
1.5	97657	73509	171166
1	49028	93073	142101
2.5	96386	39421	135807
3.5	105532	24773	130305
4.5	110745	1392	112137
4	101008	9971	110979
5.5	62246	461	62707

PLUG – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.11	1.17	87.70%	90.23%	2.54%

Data Analysis

Symbol: PLUG Current Price: 2.64
Max Pain: 5.00 (below)

📌 Absolute OI Peak: 5.00 (309220 contracts)
🛡️ Short-term Key Levels: 2.50（135807 contracts，minor support） , 2.00（211854 contracts，minor support） , 1.50（171166 contracts，minor support）

📈 Put/Call OI Ratio: 1.11 (bearish, Put OI dominant)
Put/Call Volume Ratio: 1.17 (bearish, Put volume dominant)

📊 Avg Call IV: 87.70%
Avg Put IV: 90.23%
IV Skew: 2.54% (Put IV higher than Call IV by 2.54%, downward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 5.00 (309220 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
2025-11-07	5611	1916	69630	0.341	Strong Bullish 📈💥 (85)
2025-11-14	10884	2178	32452	0.200	Moderate Bullish 📈 (70) ⚠️
2025-11-21	4350	353	112365	0.081	Strong Bullish 📈💥 (85) ⚠️
2025-11-28	1018	168	17205	0.165	Moderate Bullish 📈 (70) ⚠️
2025-12-05	322	38	1839	0.118	Moderate Bullish 📈 (70) ⚠️
2025-12-12	82	9	222	0.110	Moderate Bullish 📈 (70) ⚠️
2025-12-19	5822	954	305006	0.164	Strong Bullish 📈💥 (85) ⚠️
2026-01-16	2829	1488	349857	0.526	Moderate Bullish 📈 (65) ⚠️
2026-03-20	1411	32	80655	0.023	Strong Bullish 📈💥 (85) ⚠️
2026-06-18	3392	175	143240	0.052	Strong Bullish 📈💥 (85) ⚠️
2027-01-15	2557	9	116799	0.004	Strong Bullish 📈💥 (85) ⚠️
2028-01-21	1609	114	24940	0.071	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.