MSTX / Tidal Trust II - Defiance Daily Target 2X Long MSTR ETF - 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	6	9,879
2025-09-19	13	34,854
2025-09-26	20	2,148
2025-10-03	27	334
2025-10-10	34	91
2025-10-17	41	3,292
2025-10-24	48	7
2025-12-19	104	39,423
2026-03-20	195	1,918

Date	Put OI	Put OI (OTM)	Call OI	Call OI (OTM)	Put/Call Ratio	Put/Call Ratio (OTM)
2025-09-05	108,409	49,613
2025-09-04	103,875	40,961
2025-09-03	99,387	40,969
2025-09-02	95,630	39,124
2025-08-29	108,536	45,729
2025-08-28	107,103	46,653
2025-08-27	105,264	45,174
2025-08-26	103,877	50,296
2025-08-25	96,041	36,707
2025-08-22	110,319	53,822
2025-08-21	108,840	43,880
2025-08-20	106,510	46,554
2025-08-19	99,984	36,558
2025-08-18	95,733	40,940
2025-08-15	109,359	45,102
2025-08-14	102,514	53,045
2025-08-13	99,916	57,186
2025-08-12	96,903	57,280
2025-08-11	92,663	64,615
2025-08-08	102,386	62,036

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
2025-09-05	10,463	108,409		18,121	136,144
2025-09-04	10,993	103,875		15,338	129,805
2025-09-03	8,935	99,387		10,890	128,583
2025-09-02	7,040	95,630		15,496	118,343
2025-08-29	12,779	108,536		12,031	131,654
2025-08-28	5,278	107,103		8,357	130,260
2025-08-27	3,676	105,264		4,409	129,302
2025-08-26	3,855	103,877		8,874	124,971
2025-08-25	10,576	96,041		10,376	120,474
2025-08-22	21,561	110,319		22,188	129,395
2025-08-21	4,397	108,840		8,239	127,379
2025-08-20	8,412	106,510		12,886	123,672
2025-08-19	13,426	99,984		23,458	115,867
2025-08-18	9,007	95,733		13,073	110,227
2025-08-15	14,874	109,359		13,956	132,590
2025-08-14	15,633	102,514		22,618	126,777
2025-08-13	5,778	99,916		13,122	123,339
2025-08-12	5,117	96,903		12,322	119,817
2025-08-11	8,412	92,663		15,276	113,940
2025-08-08	11,356	102,386		13,268	129,347
2025-08-07	8,295	101,365		11,413	126,578
2025-08-06	5,146	98,304		9,012	122,676
2025-08-05	6,301	94,035		9,929	119,662
2025-08-04	6,685	91,201		16,199	110,526
2025-08-01	29,651	95,467		30,166	124,367

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