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
2026-03-27	2414	1159	3573	0.480
2026-04-02	964	300	1264	0.311
2026-04-10	377	187	564	0.496
2026-04-17	5380	3590	8970	0.667
2026-04-24	261	44	305	0.169
2026-05-01	344	64	408	0.186
2026-05-15	6434	3801	10235	0.591
2026-06-18	7873	5898	13771	0.749
2026-08-21	1776	336	2112	0.189
2026-09-18	2683	5558	8241	2.072
2026-11-20	7	4	11	0.571
2026-12-18	816	1295	2111	1.587
2027-01-15	4646	5437	10083	1.170
2027-03-19	107	32	139	0.299
2027-06-17	268	516	784	1.925
2028-01-21	2283	990	3273	0.434
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.