RIG Options Chain, Open Interest, and Volatility Data

RIG Options Open Interest & Strategy Insights

RIG – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
5	279688	33302	312990
4	126317	143878	270195
3	98570	90031	188601
7	124051	475	124526
2.5	109458	12047	121505
3.5	63494	44167	107661
10	55883	22	55905
2	6343	42585	48928
4.5	46273	431	46704
1	1000	24564	25564

RIG – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.52	0.24	69.09%	63.36%	-5.73%

Data Analysis

Symbol: RIG Current Price: 3.90
Max Pain: 5.00 (below)

📌 Absolute OI Peak: 5.00 (312990 contracts)
🛡️ Short-term Key Levels: 3.50（107661 contracts，minor support） , 3.00（188601 contracts，minor support） , 2.50（121505 contracts，minor support）

📈 Put/Call OI Ratio: 0.52 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.24 (bullish, Call volume dominant)

📊 Avg Call IV: 69.09%
Avg Put IV: 63.36%
IV Skew: -5.73% (Call IV higher than Put IV by 5.73%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 5.00 (312990 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	1822	23	26054	0.013	Moderate Bullish 📈 (70) ⚠️
2025-11-14	458	45	9394	0.098	Moderate Bullish 📈 (70) ⚠️
2025-11-21	421	164	39795	0.390	Moderate Bullish 📈 (70)
2025-11-28	157	28	6034	0.178	Moderate Bullish 📈 (70) ⚠️
2025-12-05	56	9	656	0.161	Moderate Bullish 📈 (70) ⚠️
2025-12-12	9	0	12	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	571	437	195635	0.765	Moderate Bullish 📈 (65)
2026-01-16	2520	210	337798	0.083	Strong Bullish 📈💥 (85) ⚠️
2026-02-20	124	40	56528	0.323	Strong Bullish 📈💥 (85)
2026-03-20	133	814	36491	6.120	Moderate Bearish 📉 (30) ⚠️
2026-05-15	221	9	3149	0.041	Moderate Bullish 📈 (70) ⚠️
2026-06-18	532	28	14573	0.053	Moderate Bullish 📈 (70) ⚠️
2026-09-18	13	52	1851	4.000	Moderate Bearish 📉 (30) ⚠️
2026-12-18	923	329	96738	0.356	Strong Bullish 📈💥 (85)
2027-01-15	1212	387	71803	0.319	Strong Bullish 📈💥 (85)
2028-01-21	46	105	10804	2.283	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.