WTI Option Overview

626 calls and 41 puts traded on Nov 6, 2026, 667 contracts in total. Open interest was 33.06K contracts. Over the past 30 days, volume averaged 725 contracts per day. The WTI option volume chart shows volume by strike and expiration date.

W&T Offshore IV rank is 19, so its 30-day implied volatility of 81.7% is near the bottom of its one-year range. Over the past year it ranged from 49.4% on Nov 28, 2025 to 220.2% on Jul 17, 2026. See the WTI implied volatility history for a longer view.

The W&T Offshore put/call volume ratio was 0.07 on Nov 6, 2026, so calls outnumber puts. The put/call open interest ratio was 0.27. The WTI open interest chart shows calls and puts at each strike.

As of the Nov 6, 2026 close, max pain for W&T Offshore options about one week from expiration was $3.52, 13.8% above the $3.09 close. The WTI max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 93.8%, options price a move of about ±$0.40 (±13.0%) over the next week, a range of roughly $2.69 to $3.49 from the Nov 6, 2026 close. The WTI expected move chart shows it for every expiration date.