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 $4.56B, listed on NASDAQ, employing roughly 9,200 people, carrying a beta of 0.65 to the broader market. Patterson-UTI Energy, Inc. Led by William Andrew Hendricks Jr., public since 1993-11-02.
Snapshot as of May 15, 2026.
- Spot Price
- $12.36
- Call OI
- 113.1K
- Put OI
- 14.5K
- Total OI
- 127.6K
- Put/Call Ratio
- 0.01
As of May 15, 2026, Patterson-UTI Energy, Inc. (PTEN) has 127.6K total contracts outstanding across all expirations. Put/call OI ratio is 0.13 (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 53.3% 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.
Learn how open interest is reported and how to read the data →
PTEN highest open-interest contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $11.00 | Aug 21, 2026 | 15 | 37.2K | 58.6% | $2.10 | $2.20 |
| CALL | $12.00 | Aug 21, 2026 | 26 | 35.7K | 56.2% | $1.55 | $1.65 |
Top 2 contracts from the ORATS-sourced nightly 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 May 15, 2026, Patterson-UTI Energy, Inc. (PTEN) has 127.6K total contracts outstanding across all listed expirations, split as 113.1K calls and 14.5K 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 0.13 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.