SBET Options Chain, Open Interest, and Volatility Data

SBET Options Open Interest & Strategy Insights

SBET – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
20	65954	10003	75957
15	34522	27449	61971
30	50123	1198	51321
25	42570	5916	48486
16	25894	21684	47578
12.5	3802	38758	42560
55	32691	2649	35340
17.5	18205	12633	30838
14	17261	11866	29127
18	21254	7853	29107

SBET – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
6.42	1.39	97.12%	92.52%	-4.60%

Data Analysis

Symbol: SBET Current Price: 12.13
Max Pain: 23.00 (below)

📌 Absolute OI Peak: 20.00 (75957 contracts)
🛡️ Short-term Key Levels: 12.50（42560 contracts，minor resistance） , 14.00（29127 contracts，minor resistance） , 15.00（61971 contracts，major resistance）

📈 Put/Call OI Ratio: 6.42 (bearish, Put OI dominant)
Put/Call Volume Ratio: 1.39 (bearish, Put volume dominant)

📊 Avg Call IV: 97.12%
Avg Put IV: 92.52%
IV Skew: -4.60% (Call IV higher than Put IV by 4.60%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 20.00 (75957 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	5579	651	54130	0.117	Strong Bullish 📈💥 (85) ⚠️
2025-11-14	3369	1324	25633	0.393	Moderate Bullish 📈 (70)
2025-11-21	4088	229	89341	0.056	Strong Bullish 📈💥 (85) ⚠️
2025-11-28	1577	564	9588	0.358	Moderate Bullish 📈 (70)
2025-12-05	638	33	2088	0.052	Moderate Bullish 📈 (70) ⚠️
2025-12-12	217	0	168	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	1793	915	44828	0.510	Slight Bullish 📈 (60)
2026-01-16	6995	980	253629	0.140	Strong Bullish 📈💥 (85) ⚠️
2026-04-17	1950	635	57612	0.326	Strong Bullish 📈💥 (85)
2027-01-15	1369	100	63972	0.073	Strong Bullish 📈💥 (85) ⚠️
2028-01-21	389	6	6327	0.015	Moderate Bullish 📈 (70) ⚠️
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.