Patterson-UTI Energy, Inc. (PTEN) Open Interest History
Open interest tracks the total number of outstanding options contracts. Rising OI alongside price moves can indicate growing commitment to the trend; declining OI suggests positions are being closed.
Patterson-UTI Energy, Inc. (PTEN) operates in the Energy sector, specifically the Oil & Gas Drilling industry, with a market capitalization near $4.15B, listed on NASDAQ, employing roughly 7,900 people, carrying a beta of 0.67 to the broader market. Patterson-UTI Energy, Inc. Led by William Andrew Hendricks Jr., public since 1993-11-02.
Snapshot as of Sep 30, 2026.
- Spot Price
- $10.93
- Call OI
- 158.5K
- Put OI
- 36.0K
- Total OI
- 194.6K
- Put/Call Ratio
- 0.13
As of Sep 30, 2026, Patterson-UTI Energy, Inc. (PTEN) has 194.6K total contracts outstanding across all expirations. Put/call OI ratio is 0.23 (call-heavy positioning). Open interest reflects accumulated positions from prior sessions; persistent growth indicates sustained directional or hedging interest, while sharp drops typically mean post-expiration clean-up.
How PTEN open interest history Data Feeds Strategy Selection
Strategy selection on Patterson-UTI Energy, Inc. options does not derive from any single metric in isolation. The open interest history view above sits inside a broader read: ATM IV currently sits at 53.0% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the open interest history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the PTEN open-interest data
The open-interest time-series above tracks the total Patterson-UTI Energy, Inc. options inventory outstanding day by day. OI is a stock measure - the cumulative position count - so trends flag accumulating or distributing positioning. Current put/call ratio is 0.13, call-heavy - speculative or bullish positioning dominates. Total call OI of 158.5K versus put OI of 36.0K gives a put/call OI ratio of 0.23 - structurally a slower-moving signal than the volume-based ratio.
PTEN flow vs positioning
Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. Combined with the current positive dealer-gamma regime, large OI clusters tend to act as price magnets through expiration cycles.
Using PTEN OI/volume data alongside other surfaces
Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for PTEN sits at 16 days, so near-dated volume currently dominates the flow reading.
Learn how open interest is reported and how to read the data →
Daily open-interest history for PTEN options over the last ~42 trading days. Each row reflects the end-of-day total OI summed across all listed strikes and expirations.
Most recent 15 trading days (descending). Older history appears in the chart above.
| Date | Call OI | Put OI | Total OI | P/C OI |
|---|---|---|---|---|
| Sep 30, 2026 | 158.5K | 36.0K | 194.6K | 0.23 |
| Sep 29, 2026 | 158.5K | 36.0K | 194.6K | 0.23 |
| Sep 28, 2026 | 153.3K | 36.0K | 189.3K | 0.23 |
| Sep 25, 2026 | 153.7K | 35.9K | 189.7K | 0.23 |
| Sep 24, 2026 | 153.5K | 35.9K | 189.4K | 0.23 |
| Sep 23, 2026 | 153.3K | 35.9K | 189.2K | 0.23 |
| Sep 22, 2026 | 153.4K | 35.8K | 189.1K | 0.23 |
| Sep 21, 2026 | 151.6K | 35.6K | 187.2K | 0.23 |
| Sep 18, 2026 | 168.4K | 41.5K | 209.9K | 0.25 |
| Sep 17, 2026 | 168.4K | 42.0K | 210.5K | 0.25 |
| Sep 16, 2026 | 168.4K | 42.0K | 210.4K | 0.25 |
| Sep 15, 2026 | 168.5K | 42.0K | 210.5K | 0.25 |
| Sep 14, 2026 | 168.6K | 41.9K | 210.5K | 0.25 |
| Sep 11, 2026 | 168.7K | 41.9K | 210.6K | 0.25 |
| Sep 10, 2026 | 169.1K | 25.0K | 194.0K | 0.15 |
PTEN highest open-interest contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $12.00 | Nov 20, 2026 | 24 | 51.0K | 57.0% | $0.50 | $0.65 |
| CALL | $13.00 | Nov 20, 2026 | 0 | 50.6K | 55.6% | $0.20 | $0.40 |
Top 2 contracts from the institutional-grade nightly options scan; ranked by oi within the broader S&P 500/400/600 + ETF universe.
Frequently asked PTEN open interest history questions
- What is the current PTEN options open interest?
- As of Sep 30, 2026, Patterson-UTI Energy, Inc. (PTEN) has 194.6K total contracts outstanding across all listed expirations, split as 158.5K calls and 36.0K puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.
- What is the PTEN put/call open interest ratio?
- Put/call OI ratio of 0.23 is call-heavy, often a directional bullish or upside-speculation signal.
- What does PTEN open interest tell traders?
- Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.