PSX Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the PSX options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for PSX.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from PSX Options by Expiration Date

The table below aggregates PSX options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date	Call OI	Put OI	Total Open Interest	Put/Call Ratio
2026-02-06	1738	3263	5001	1.877
2026-02-13	625	2360	2985	3.776
2026-02-20	6886	12420	19306	1.804
2026-02-27	504	237	741	0.470
2026-03-06	128	24	152	0.188
2026-03-13	18	71	89	3.944
2026-03-20	8676	7857	16533	0.906
2026-03-27	3	2	5	0.667
2026-04-17	1197	1851	3048	1.546
2026-05-15	2711	1194	3905	0.440
2026-06-18	4587	4820	9407	1.051
2026-08-21	431	96	527	0.223
2026-09-18	801	3609	4410	4.506
2026-12-18	411	151	562	0.367
2027-01-15	4188	2763	6951	0.660
2028-01-21	1595	631	2226	0.396
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for PSX based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand. Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around PSX. Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk. The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in PSX options, while lower scores highlight more defensive or bearish structures.