PTEN Options Chain, Open Interest, and Volatility Data

PTEN Options Open Interest & Strategy Insights

PTEN – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
8	16034	20345	36379
7	16017	1275	17292
6	6044	7562	13606
5	2042	10702	12744
10	3818	1307	5125
13	2405	391	2796
15	2650	6	2656
3	411	877	1288
9	819	250	1069
20	756	1	757

PTEN – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.69	0.33	65.36%	65.54%	0.19%

Data Analysis

Symbol: PTEN Current Price: 6.07
Max Pain: 8.00 (below)

📌 Absolute OI Peak: 8.00 (36379 contracts)
🛡️ Short-term Key Levels: 6.00（13606 contracts，minor support） , 5.00（12744 contracts，minor support） , 3.00（1288 contracts，major support）

📈 Put/Call OI Ratio: 0.69 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.33 (bullish, Call volume dominant)

📊 Avg Call IV: 65.36%
Avg Put IV: 65.54%
IV Skew: 0.19% (Call and Put IV are close, neutral expectation)

⚠️ Unusual OI concentration at far OTM strike 8.00 (36379 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	156	69	24568	0.442	Moderate Bullish 📈 (70)
2025-12-19	12	11	446	0.917	Neutral ⚖️ (50)
2026-01-16	421	51	27454	0.121	Moderate Bullish 📈 (70) ⚠️
2026-02-20	80	58	2845	0.725	Slight Bullish 📈 (60)
2026-05-15	9	160	524	17.778	Moderate Bearish 📉 (30) ⚠️
2027-01-15	6	63	7991	10.500	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.