W&T Offshore (WTI) Options Chain

NYSE: WTIEnergyOil & Gas ProductionUSD

3.63-0.07 (-1.89%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $3.63
Put/call ratio (OI): 0.18
Put/call ratio (volume): 0.17
ATM implied volatility: 72.7%
Expected move: ±$0.8731
Open interest (C / P): 1.31K / 231

WTI options summary

The WTI options chain for the November 20, 2026 expiration lists 9 call and 5 put contracts, with 40 days until expiration. Open interest stands at 1,312 calls and 231 puts, a put/call ratio of 0.18, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $3.50 strike is 72.7%, which implies the market expects a move of about ±$0.8731 (24.1%) in W&T Offshore stock by expiration.

The most open interest sits at the $4.50 call (669 contracts) and the $3.50 put (162 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

WTI options chain · November 20, 2026

WTI calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
2	28	160.2%	1.73	1.45	2.00	2.00	—	—	—	—	—	—
5	28	131.3%	1.27	1.10	1.45	2.50	—	—	—	—	—	—
44	1	106.6%	0.75	0.70	1.00	3.00	0.05	0.15	0.05	72.7%	35	45
134	30	64.1%	0.50	0.25	0.50	3.50	0.20	0.45	0.26	81.3%	1	162
WTI $3.63
345	50	85.5%	0.24	0.15	0.40	4.00	0.45	0.75	0.78	76.2%	2	22
669	7	78.9%	0.20	0.10	0.15	4.50	0.85	1.05	0.91	66.4%	—	1
74	65	91.8%	0.08	0.00	0.20	5.00	—	—	—	—	—	—
28	13	99.2%	0.07	0.00	0.15	5.50	1.65	2.00	2.04	117.2%	—	1
11	1	154.7%	0.05	0.00	0.25	7.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the WTI put/call ratio?

For the November 20, 2026 expiration, the WTI put/call ratio based on open interest is 0.18 (231 puts vs 1,312 calls), and 0.17 based on today's volume. A ratio above 1 means more puts than calls.

What is WTI's implied volatility?

At-the-money implied volatility for WTI options expiring November 20, 2026 is about 72.7%, an annualized estimate of how much the market expects W&T Offshore stock to move.

How many WTI option expiration dates are there?

WTI has 6 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.