BTU · Option chain

BTU Option Chain

Every listed BTU strike within 25% of spot, across the next 6 expirations — calls and puts side by side with last price, volume and open interest, plus the closing bid and ask.

Open interest and pricing as of the close on 2026-09-03. Recomputed every morning before the open.

Spot

$27.64

Call open interest

18,384

Put open interest

12,142

Put/call (volume)

5.75

6,258 contracts changed hands across these expirations — 927 calls against 5,331 puts. Puts outtraded calls 5.75 to one.

Sep 11, 20266 days

call OI 1,174 · put OI 770

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	6.05 / 7.65	—	1	21	—	0.00 / 0.48	—	67
—	5.55 / 7.20	—	5	21.5	—	0.00 / 0.47	—	82
—	5.35 / 6.65	—	—	22	—	0.00 / 0.49	—	55
—	4.35 / 6.15	—	—	22.5	—	0.01 / 0.06	—	18
—	4.15 / 5.65	—	—	23	—	0.00 / 0.50	—	18
—	3.85 / 5.15	—	2	23.5	—	0.00 / 0.48	—	76
—	3.05 / 4.65	—	7	24	—	0.01 / 0.11	—	17
—	2.85 / 4.05	—	3	24.5	—	0.00 / 0.30	—	24
—	2.45 / 3.25	—	28	25	0.13	0.01 / 0.15	2	80
—	2.05 / 2.91	—	23	25.5	0.12	0.07 / 0.15	176	42
—	1.65 / 2.46	—	21	26	—	0.10 / 0.30	—	104
—	1.39 / 1.80	—	33	26.5	0.31	0.05 / 0.45	6	4
—	0.95 / 1.66	—	92	27	0.55	0.12 / 0.61	130	37
0.82	0.59 / 1.12	37	3	27.5	0.74	0.46 / 0.82	38	60
0.70	0.27 / 0.80	20	44	28	0.99	0.53 / 1.10	91	53
0.48	0.12 / 0.60	22	13	28.5	1.23	1.06 / 1.36	26	23
—	0.03 / 0.45	—	526	29	1.46	1.32 / 1.76	3	5
0.21	0.13 / 0.45	4	32	29.5	—	1.82 / 2.29	—	1
0.22	0.01 / 0.45	15	41	30	—	1.86 / 2.74	—	3
0.13	0.02 / 0.33	5	62	30.5	—	2.31 / 3.25	—	1
0.09	0.01 / 0.18	64	217	31	—	2.65 / 3.70	—	—
0.17	0.00 / 0.12	1	2	31.5	—	2.99 / 4.25	—	—
—	0.00 / 0.44	—	16	32	—	3.35 / 4.65	—	—
0.18	0.00 / 0.19	1	—	32.5	—	3.75 / 5.15	—	—
—	0.00 / 0.45	—	1	33	—	4.30 / 5.70	—	—
—	0.00 / 0.45	—	1	33.5	—	4.90 / 6.25	—	—
—	0.00 / 0.45	—	1	34	—	5.40 / 6.85	—	—
A dash means the contract did not trade — not a price of zero.

Sep 18, 202613 days

call OI 12,854 · put OI 3,826

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	6.35 / 7.70	—	17	21	—	0.00 / 0.28	—	490
5.80	5.35 / 6.30	1	32	22	0.16	0.00 / 0.15	3	83
—	4.90 / 6.20	—	—	22.5	—	0.00 / 0.10	—	33
—	4.00 / 5.70	—	162	23	—	0.00 / 0.21	—	439
—	3.70 / 5.10	—	1	23.5	—	0.00 / 0.22	—	5
3.65	3.65 / 4.05	43	356	24	—	0.01 / 0.19	—	142
—	3.10 / 4.00	—	—	24.5	0.11	0.01 / 0.20	2	9
3.21	2.62 / 3.30	27	5,030	25	0.21	0.10 / 0.27	27	895
2.73	2.21 / 2.95	17	1	25.5	0.26	0.07 / 0.37	20	2
2.28	1.99 / 2.42	24	569	26	0.39	0.31 / 0.49	71	101
2.06	1.68 / 1.92	17	—	26.5	0.67	0.32 / 0.65	32	1
1.69	1.37 / 1.63	14	573	27	0.82	0.47 / 0.84	55	181
—	1.09 / 1.39	—	20	27.5	0.93	0.82 / 1.24	19	88
0.99	0.88 / 1.12	60	667	28	1.36	1.08 / 1.45	26	140
0.68	0.65 / 0.89	10	122	28.5	—	1.36 / 1.74	—	3
0.54	0.50 / 0.93	10	1,106	29	1.97	1.72 / 2.02	38	73
0.40	0.18 / 0.63	4	54	29.5	2.23	2.03 / 2.44	1	5
0.34	0.10 / 0.60	91	1,308	30	2.50	2.34 / 2.95	2	91
0.32	0.02 / 0.52	8	136	30.5	2.94	2.79 / 3.35	8	1
0.25	0.16 / 0.30	28	1,261	31	3.29	3.15 / 4.05	25	8
0.15	0.05 / 0.17	41	1,242	32	4.30	4.10 / 4.70	19	1,031
0.15	0.00 / 0.16	3	156	33	—	4.50 / 5.65	—	5
0.02	0.00 / 0.12	1	41	34	—	5.30 / 6.75	—	—
A dash means the contract did not trade — not a price of zero.

Sep 25, 202620 days

call OI 192 · put OI 5,608

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	6.40 / 7.75	—	—	21	0.04	0.00 / 0.26	20	102
—	5.90 / 7.20	—	—	21.5	0.05	0.00 / 0.20	33	172
—	5.50 / 6.70	—	—	22	0.14	0.00 / 0.34	78	74
—	4.95 / 6.10	—	7	22.5	0.09	0.00 / 0.20	22	110
—	4.50 / 5.60	—	2	23	0.13	0.03 / 0.26	2	23
—	4.05 / 5.00	—	—	23.5	0.20	0.10 / 0.30	4	2
—	3.65 / 4.65	—	22	24	0.16	0.13 / 0.32	2	255
5.06	3.25 / 4.20	1	14	24.5	—	0.07 / 0.41	—	14
—	2.80 / 3.55	—	12	25	0.43	0.22 / 0.45	7	39
—	2.49 / 3.35	—	4	25.5	—	0.18 / 0.75	—	30
—	2.17 / 2.79	—	12	26	0.73	0.35 / 0.72	9	63
—	1.82 / 2.24	—	1	26.5	0.75	0.63 / 0.92	62	28
1.81	1.41 / 2.02	2	16	27	0.97	0.84 / 1.11	1,895	2,294
—	1.39 / 1.85	—	14	27.5	1.22	1.08 / 1.51	8	26
1.28	1.16 / 1.60	6	18	28	1.64	1.31 / 1.78	40	36
0.83	0.59 / 1.18	4	12	29	2.12	1.94 / 2.31	1,890	2,293
0.60	0.47 / 0.93	8	37	30	2.62	2.56 / 3.10	16	20
—	0.30 / 0.62	—	18	31	—	3.35 / 3.95	—	21
0.67	0.16 / 0.52	3	1	32	—	3.95 / 5.00	—	3
0.55	0.01 / 0.45	2	2	32.5	—	4.35 / 5.35	—	3
A dash means the contract did not trade — not a price of zero.

Oct 02, 202627 days

call OI 109 · put OI 317

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	6.30 / 7.75	—	—	21	0.07	0.00 / 0.09	3	7
—	5.85 / 7.20	—	—	21.5	—	0.00 / 0.14	—	11
—	5.45 / 6.70	—	—	22	0.10	0.01 / 0.13	3	83
—	5.00 / 6.15	—	—	22.5	0.12	0.07 / 0.17	4	81
—	4.50 / 5.60	—	9	23	0.15	0.08 / 0.21	4	11
—	4.15 / 5.15	—	—	23.5	0.25	0.02 / 0.29	2	5
—	3.75 / 4.75	—	—	24	0.31	0.21 / 0.41	250	12
—	3.30 / 4.25	—	—	24.5	—	0.14 / 0.64	—	14
—	2.85 / 3.85	—	—	25	0.50	0.39 / 0.68	2	24
—	2.45 / 3.20	—	1	25.5	—	0.37 / 0.87	—	16
2.51	2.43 / 2.86	11	2	26	0.72	0.61 / 0.94	2	9
—	2.10 / 2.70	—	27	26.5	—	0.81 / 1.16	—	—
1.98	1.85 / 2.11	8	5	27	1.19	1.03 / 1.37	14	11
1.71	1.58 / 1.83	8	6	27.5	1.44	1.24 / 1.63	2	—
—	1.28 / 1.64	—	—	28	1.79	1.50 / 1.81	13	2
—	1.07 / 1.47	—	10	28.5	—	1.78 / 2.16	—	—
1.07	0.89 / 1.26	6	16	29	2.29	2.13 / 2.61	15	23
1.10	0.62 / 1.01	1	7	30	3.13	2.74 / 3.25	2	7
—	0.44 / 0.69	—	5	31	—	3.50 / 4.05	—	1
0.55	0.29 / 0.51	2	10	32	—	4.00 / 5.00	—	—
—	0.05 / 0.46	—	11	32.5	—	4.40 / 5.40	—	—
A dash means the contract did not trade — not a price of zero.

Oct 09, 202634 days

call OI 6 · put OI 43

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	6.30 / 8.30	—	—	21	—	0.00 / 0.67	—	30
—	4.85 / 6.90	—	—	22.5	—	0.00 / 0.64	—	1
—	4.05 / 5.95	—	—	23.5	0.38	0.21 / 0.39	1	1
—	3.65 / 5.45	—	—	24	—	0.07 / 0.71	—	1
—	3.20 / 5.05	—	—	24.5	0.52	0.25 / 0.71	2	2
—	2.63 / 4.70	—	—	25	0.65	0.30 / 0.85	5	4
—	2.10 / 4.10	—	—	25.5	—	0.47 / 0.91	—	1
—	2.44 / 3.15	—	1	26	0.90	0.66 / 1.18	12	—
—	2.27 / 3.25	—	—	26.5	—	0.83 / 1.34	—	1
2.27	1.88 / 2.33	28	—	27	1.37	0.98 / 1.78	1	1
1.99	1.67 / 2.19	28	—	27.5	—	0.96 / 2.01	—	1
1.88	1.46 / 1.99	1	—	28	1.75	1.55 / 2.69	2	—
—	1.25 / 1.69	—	2	28.5	—	1.54 / 2.98	—	—
—	0.20 / 1.34	—	1	30	—	2.43 / 3.90	—	—
—	0.07 / 1.32	—	2	31	—	3.20 / 5.10	—	—
A dash means the contract did not trade — not a price of zero.

Oct 16, 202641 days

call OI 4,049 · put OI 1,578

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	6.20 / 7.75	—	21	21	—	0.03 / 0.26	—	98
—	5.70 / 6.70	—	22	22	—	0.12 / 0.24	—	211
—	4.65 / 5.70	—	62	23	0.29	0.12 / 0.45	7	161
—	4.05 / 5.05	—	110	24	—	0.43 / 0.65	—	325
—	3.40 / 3.85	—	613	25	0.82	0.66 / 0.85	42	81
—	2.73 / 3.15	—	431	26	1.05	0.97 / 1.24	17	89
2.37	2.12 / 2.55	6	398	27	1.45	1.40 / 1.66	4	237
1.89	1.74 / 1.96	10	908	28	1.92	1.88 / 2.11	3	136
—	1.34 / 1.48	—	65	29	2.65	2.44 / 2.76	11	53
1.10	0.98 / 1.29	211	1,148	30	—	3.05 / 3.50	—	24
0.81	0.76 / 1.09	4	70	31	—	3.80 / 4.35	—	18
0.60	0.54 / 0.72	9	97	32	—	4.55 / 5.15	—	27
—	0.36 / 0.65	—	30	33	—	5.05 / 5.95	—	5
—	0.08 / 0.65	—	74	34	—	5.90 / 6.85	—	113
A dash means the contract did not trade — not a price of zero.

How to read this chain

Calls sit on the left, puts on the right, and every row is one strike. The highlighted row is the strike closest to spot. Open interest is the number of contracts still outstanding at that strike — positions that exist right now. Volume is how many traded on the session shown. Open interest builds slowly and marks where positioning has accumulated; volume spikes and marks where attention went today.

Strikes with no open interest and no trades on either side are omitted, and the ladder is trimmed to within 25% of spot — the far wings are almost entirely empty and say nothing about positioning.

More on BTU

BTU options score BTU gamma walls BTU max pain BTU IV rank BTU put/call ratio BTU options flow

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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.