MSTY / Tidal Trust II - YieldMaxTM MSTR Option Income Strategy 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	5	3,354
2025-09-19	12	7,936
2025-09-26	19	4,390
2025-10-03	26	512
2025-10-10	33	206
2025-10-17	40	12,578
2025-10-24	47	36
2026-01-16	131	12,738
2026-04-17	222	2,917

Date	Put OI	Put OI (OTM)	Call OI	Call OI (OTM)	Put/Call Ratio	Put/Call Ratio (OTM)
2025-09-05	49,483	18,760
2025-09-04	47,852	9,470
2025-09-03	46,920	15,437
2025-09-02	45,105	13,997
2025-08-29	48,164	12,542
2025-08-28	52,993	9,931
2025-08-27	51,120	17,868
2025-08-26	49,689	16,472
2025-08-25	47,846	15,125
2025-08-22	50,998	20,221
2025-08-21	50,294	12,965
2025-08-20	48,875	12,425
2025-08-19	46,903	9,311
2025-08-18	45,922	12,438
2025-08-15	52,502	14,254
2025-08-14	51,750	13,513
2025-08-13	50,538	21,625
2025-08-12	49,434	21,096
2025-08-11	47,312	20,156
2025-08-08	50,509	21,744

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	8,438	49,483		9,295	97,616
2025-09-04	6,225	47,852		18,436	82,886
2025-09-03	3,802	46,920		4,755	80,927
2025-09-02	4,251	45,105		9,969	76,258
2025-08-29	9,019	48,164		7,869	85,994
2025-08-28	19,310	52,993		10,398	79,125
2025-08-27	5,681	51,120		27,870	78,747
2025-08-26	4,460	49,689		7,219	74,850
2025-08-25	4,741	47,846		6,403	71,819
2025-08-22	6,340	50,998		11,898	82,060
2025-08-21	3,906	50,294		2,442	80,945
2025-08-20	7,508	48,875		11,153	75,536
2025-08-19	13,047	46,903		9,740	70,896
2025-08-18	4,097	45,922		10,526	66,045
2025-08-15	8,909	52,502		8,439	78,298
2025-08-14	9,807	51,750		8,417	75,176
2025-08-13	3,406	50,538		4,453	73,126
2025-08-12	2,035	49,434		4,798	71,018
2025-08-11	4,823	47,312		8,379	68,065
2025-08-08	6,936	50,509		12,645	74,442
2025-08-07	4,855	50,747		12,598	70,395
2025-08-06	1,557	50,785		5,604	67,748
2025-08-05	4,361	49,974		6,227	65,300
2025-08-04	5,787	48,539		11,617	59,564
2025-08-01	19,927	56,584		12,010	67,156

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