PTON Options Chain, Open Interest, and Volatility Data

PTON Options Open Interest & Strategy Insights

PTON – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
10	135759	7797	143556
3	5422	105924	111346
7	31606	42808	74414
9	71160	2942	74102
13	54044	106	54150
5	12934	39768	52702
12	48589	246	48835
8	28435	11830	40265
4	2147	23681	25828
15	22404	266	22670

PTON – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.25	0.25	87.82%	75.40%	-12.42%

Data Analysis

Symbol: PTON Current Price: 7.13
Max Pain: 10.00 (below)

📌 Absolute OI Peak: 10.00 (143556 contracts)
🛡️ Short-term Key Levels: 7.00（74414 contracts，minor support） , 5.00（52702 contracts，major support） , 4.00（25828 contracts，major support）

📈 Put/Call OI Ratio: 1.25 (bearish, Put OI dominant)
Put/Call Volume Ratio: 0.25 (bullish, Call volume dominant)

📊 Avg Call IV: 87.82%
Avg Put IV: 75.40%
IV Skew: -12.42% (Call IV higher than Put IV by 12.42%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 10.00 (143556 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	4648	1398	40118	0.301	Moderate Bullish 📈 (70)
2025-11-14	2142	4362	9101	2.036	Moderate Bearish 📉 (30)
2025-11-21	5968	226	112950	0.038	Strong Bullish 📈💥 (85) ⚠️
2025-11-28	598	14	4378	0.023	Moderate Bullish 📈 (70) ⚠️
2025-12-05	571	9	857	0.016	Moderate Bullish 📈 (70) ⚠️
2025-12-12	47	0	32	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	1851	244	90103	0.132	Strong Bullish 📈💥 (85) ⚠️
2026-01-16	1602	99	107034	0.062	Strong Bullish 📈💥 (85) ⚠️
2026-04-17	18421	127	145290	0.007	Strong Bullish 📈💥 (85) ⚠️
2026-07-17	151	527	27582	3.490	Moderate Bearish 📉 (30) ⚠️
2027-01-15	423	1214	60926	2.870	Strong Bearish 📉💥 (15)
2027-12-17	67	25	52829	0.373	Strong Bullish 📈💥 (85)
2028-01-21	8	12	2825	1.500	Slight Bearish 📉 (40)
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.