SCHW Options Chain, Open Interest, and Volatility Data

SCHW Options Open Interest & Strategy Insights

SCHW – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
95	20409	20431	40840
85	17488	21167	38655
75	2966	25374	28340
100	23221	3548	26769
90	10518	15356	25874
105	20158	3819	23977
80	6318	16576	22894
72.5	11999	7694	19693
92.5	8025	10390	18415
60	3286	13231	16517

SCHW – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.02	1.20	38.26%	33.94%	-4.32%

Data Analysis

Symbol: SCHW Current Price: 93.68
Max Pain: 82.50 (above)

📌 Absolute OI Peak: 95.00 (40840 contracts)
🛡️ Short-term Key Levels: 92.50（18415 contracts，minor support） , 90.00（25874 contracts，major support） , 85.00（38655 contracts，major support）

📈 Put/Call OI Ratio: 1.02 (bearish, Put OI dominant)
Put/Call Volume Ratio: 1.20 (bearish, Put volume dominant)

📊 Avg Call IV: 38.26%
Avg Put IV: 33.94%
IV Skew: -4.32% (Call IV higher than Put IV by 4.32%, upward expectation slightly stronger)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	579	526	10766	0.908	Neutral ⚖️ (50)
2025-11-14	312	473	3985	1.516	Moderate Bearish 📉 (30)
2025-11-21	1249	384	42359	0.307	Moderate Bullish 📈 (70)
2025-11-28	135	64	2166	0.474	Moderate Bullish 📈 (70)
2025-12-05	16	47	510	2.938	Moderate Bearish 📉 (30)
2025-12-12	6	29	70	4.833	Moderate Bearish 📉 (30) ⚠️
2025-12-19	772	1303	51285	1.688	Strong Bearish 📉💥 (15)
2026-01-16	1127	1922	110235	1.705	Strong Bearish 📉💥 (15)
2026-03-20	441	710	19397	1.610	Moderate Bearish 📉 (30)
2026-06-18	614	281	41061	0.458	Moderate Bullish 📈 (70)
2026-09-18	58	199	6673	3.431	Moderate Bearish 📉 (30) ⚠️
2026-12-18	142	655	13276	4.613	Moderate Bearish 📉 (30) ⚠️
2027-01-15	170	573	25075	3.371	Moderate Bearish 📉 (30) ⚠️
2027-06-17	195	158	3898	0.810	Slight Bullish 📈 (60)
2028-01-21	60	13	734	0.217	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.