AFL / Aflac Incorporated - Put/Call Ratio, Options Sentiment, Unusual Options Activity

Put/Call Ratios - Forward Looking and Historical

By looking at the put/call ratios of specific expirations, we can deduce what the options markets think of the short, medium, and long-term outlook of the company.

Expiry	DTX	Open Put Interest	Open Call Interest	Put/Call Ratio
2025-09-12	2	167
2025-09-19	9	5,975
2025-09-26	16	104
2025-10-03	23	37
2025-10-10	30	15
2025-10-17	37	191
2025-10-24	44	0
2025-11-21	72	1,250
2025-12-19	100	2,832
2026-01-16	128	5,816
2026-02-20	163	136
2026-03-20	191	834
2026-06-18	281	590
2026-09-18	373	197
2027-01-15	492	631

Date	Put OI	Put OI (OTM)	Call OI	Call OI (OTM)	Put/Call Ratio	Put/Call Ratio (OTM)
2025-09-09	31,978	30,149
2025-09-08	31,747	29,968
2025-09-05	31,853	30,108
2025-09-04	31,670	30,142
2025-09-03	31,514	29,741
2025-09-02	29,826	26,702
2025-08-29	31,018	28,670
2025-08-28	30,843	28,437
2025-08-27	30,256	28,036
2025-08-26	30,160	28,015
2025-08-25	29,840	27,660
2025-08-22	30,245	28,204
2025-08-21	30,160	28,157
2025-08-20	30,174	28,102
2025-08-19	28,824	27,819
2025-08-18	28,239	27,266
2025-08-15	32,729	30,319
2025-08-14	32,549	30,267
2025-08-13	32,479	30,216
2025-08-12	31,452	29,071

Unusual Options Activity - Trade Volume

The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call option options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment.

Unusual options activity (UOA) is generally considered a strong signal for a directional price movement. One metric of unusual options activity is the total volume of put or call options divided by the open interest in the same option type. If the total volume of call or put options exceeds the current open interest, then that is considered unusual and indicates a strong directional signal. In the table below, any date on which the volume of an option exceeds the current open interest is highlighted in green (for call options) or red (for put options).

For example, if, on any trading day, the call volume exceeds the current call open interest, then the Call Volume/Call OI ratio will be greater than one and that cell in the able will be highlighted in green. This would indicate a significant purchase of call options, which is a bullish signal. Likewise, if the opposite is true - the put volume exceeds the put open interest, then the table cell would be highlighted in red and represent a strong bearish signal.

Update Frequency: Daily

Date	Put Volume	Put OI	Put Volume /Put OI	Call Volume	Call OI	Call Volume /Call OI
2025-09-09	118	31,978		185	55,328
2025-09-08	569	31,747		1,057	54,859
2025-09-05	137	31,853		506	55,306
2025-09-04	329	31,670		2,169	53,837
2025-09-03	425	31,514		1,182	53,334
2025-09-02	1,829	29,826		1,980	51,659
2025-08-29	457	31,018		679	52,540
2025-08-28	402	30,843		783	52,322
2025-08-27	850	30,256		801	51,654
2025-08-26	132	30,160		642	51,333
2025-08-25	448	29,840		410	51,235
2025-08-22	347	30,245		1,527	51,130
2025-08-21	146	30,160		379	50,869
2025-08-20	795	30,174		1,542	50,214
2025-08-19	1,518	28,824		3,431	48,440
2025-08-18	2,251	28,239		1,737	47,068
2025-08-15	155	32,729		3,366	54,803
2025-08-14	389	32,549		389	54,613
2025-08-13	155	32,479		1,234	54,230
2025-08-12	1,325	31,452		848	53,900
2025-08-11	307	31,308		929	53,504
2025-08-08	242	44,866		1,550	54,475
2025-08-07	1,553	44,546		878	54,582
2025-08-06	3,107	44,697		3,154	53,571
2025-08-05	5,595	41,233		2,230	52,007

Option Premium Bought/Sold - Total Market

Update Frequency: Daily

Option Greeks - Delta, Gamma, Theta

Update Frequency: Daily

Option Trading Volume - Total Market

Update Frequency: Daily

Option Trading Volume - Exchange

Update Frequency: Daily