SPY Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the SPY options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for SPY.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from SPY Options by Expiration Date

The table below aggregates SPY options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date	Call OI	Put OI	Total Open Interest	Put/Call Ratio
2026-10-01	178233	236772	415005	1.328
2026-10-02	351498	542058	893556	1.542
2026-10-05	48374	75751	124125	1.566
2026-10-06	78604	38107	116711	0.485
2026-10-07	44464	56249	100713	1.265
2026-10-08	13333	18702	32035	1.403
2026-10-09	318635	375253	693888	1.178
2026-10-16	576011	2111445	2687456	3.666
2026-10-23	77031	233334	310365	3.029
2026-10-30	310763	799363	1110126	2.572
2026-11-06	11800	50395	62195	4.271
2026-11-20	284532	2045874	2330406	7.190
2026-11-30	110393	171267	281660	1.551
2026-12-18	703317	1767609	2470926	2.513
2026-12-31	149283	401977	551260	2.693
2027-01-15	510246	847767	1358013	1.661
2027-01-29	32479	30626	63105	0.943
2027-02-26	16588	19925	36513	1.201
2027-03-19	354181	518843	873024	1.465
2027-03-31	54865	55562	110427	1.013
2027-06-17	270043	365423	635466	1.353
2027-06-30	41674	37649	79323	0.903
2027-09-17	146115	174677	320792	1.195
2027-12-17	349076	324639	673715	0.930
2028-01-21	186052	195966	382018	1.053
2028-06-16	62839	73209	136048	1.165
2028-12-15	125440	105417	230857	0.840
2029-01-19	12778	12685	25463	0.993
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for SPY based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand. Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around SPY. Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk. The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in SPY options, while lower scores highlight more defensive or bearish structures.