TERN / Terns Pharmaceuticals, Inc. - Put/Call Ratio, Options Sentiment, Unusual Options Activity

Terns Pharmaceuticals, Inc.
US ˙ NasdaqGS ˙ US8808811074

Put/Call Ratios - Forward Looking and Historical

The OI Put/Call Ratio for TERN / Terns Pharmaceuticals, Inc. is 0.09. The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call 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.

Update Frequency: Daily

See top companies with the most optimistic put/call ratios.

0.09
3,442 out of 4,046
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.
TERN / Terns Pharmaceuticals, Inc. Put/Call Ratio by Expiry
Expiry DTX Open Put
Interest
Open Call
Interest
Put/Call
Ratio
2025-09-19 12 82
2025-10-17 40 147
2026-01-16 131 382
2026-04-17 222 4
2027-01-15 495 145
TERN / Terns Pharmaceuticals, Inc. Put/Call Ratio
Date Put OI Put OI
(OTM)
Call OI Call OI
(OTM)
Put/Call
Ratio
Put/Call
Ratio (OTM)
2025-09-05 760 0
2025-09-04 796 0
2025-09-03 787 0
2025-09-02 788 0
2025-08-29 782 0
2025-08-28 782 0
2025-08-27 775 0
2025-08-26 768 0
2025-08-25 742 0
2025-08-22 747 0
2025-08-21 743 0
2025-08-20 634 0
2025-08-19 505 0
2025-08-18 423 0
2025-08-15 566 0
2025-08-14 566 0
2025-08-13 557 0
2025-08-12 529 0
2025-08-11 519 0
2025-08-08 499 0
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

TERN / Terns Pharmaceuticals, Inc. Call Options Volume TERN / Terns Pharmaceuticals, Inc. Put Options Volume
Date Put
Volume
Put
OI
Put Volume
/Put OI
Call
Volume
Call
OI
Call Volume
/Call OI
2025-09-05 14 760 356 8,812
2025-09-04 43 796 251 8,753
2025-09-03 11 787 142 8,686
2025-09-02 11 788 396 8,569
2025-08-29 6 782 365 8,278
2025-08-28 0 782 276 8,130
2025-08-27 7 775 576 7,836
2025-08-26 10 768 640 7,478
2025-08-25 39 742 329 7,304
2025-08-22 20 747 284 7,187
2025-08-21 56 743 799 7,391
2025-08-20 120 634 206 7,220
2025-08-19 170 505 91 7,179
2025-08-18 92 423 362 6,927
2025-08-15 0 566 803 7,373
2025-08-14 0 566 154 7,277
2025-08-13 9 557 59 7,237
2025-08-12 135 529 184 7,166
2025-08-11 11 519 520 6,831
2025-08-08 20 499 738 6,360
2025-08-07 1 498 843 5,859
2025-08-06 10 488 362 5,586
2025-08-05 12 481 116 5,490
2025-08-04 55 433 123 5,470
2025-08-01 11 431 60 5,448
Source: CBOE
Option Premium Bought/Sold - Total Market

Update Frequency: Daily

Date Put
Premium Bought
Put
Premium Sold
Net Put
Premium Bought
Call
Premium Bought
Call
Premium Sold
Net Call
Premium Bought
Net Long
Premium Bought
2025-09-05 0 1,140 -1,140 26,241 54,745 -28,504 -27,364
2025-09-04
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
Source: CBOE
Option Greeks - Delta, Gamma, Theta

Update Frequency: Daily

Date Put Θ
(Avg)
Call Θ
(Avg)
Θ
(Avg)
Put Γ
(Avg)
Call Γ
(Avg)
Γ
(Avg)
Put Δ
(Avg)
Call Δ
(Avg)
Δ
(Avg)
2025-09-05
2025-09-04
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
Option Trading Volume - Total Market

Update Frequency: Daily

Date Put
Volume
Put Volume
(20d ma)
Put
Volume/20ma (%)
Call
Volume
Call Volume
(20d ma)
Call
Volume/20ma (%)
Total Volume Put/Call
Volume
Put/Call
Volume (20d ma)
2025-09-05 14 36 38.89 356 386 92.23 370 0.04 0.09
2025-09-04
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
Source: CBOE
Option Trading Volume - Exchange

Update Frequency: Daily

Date CBOE C2 EDGX BZX PHLX NASDAQ BX GEMX ISE MRX AMEX ARCA MIAX PEARL EMLD BOX Total
2025-09-05 0 0 0 3 5 0 1 0 101 16 8 0 0 77 0 19 370
2025-09-04 8 0 8 3 43 0 4 0 51 7 0 1 7 29 0 1 294
2025-09-03 2 0 4 4 84 0 5 0 24 6 0 1 0 0 0 1 153
2025-09-02 14 0 86 6 27 0 5 0 28 13 2 12 21 54 0 26 407
2025-08-29 24 0 64 21 32 0 16 0 73 0 2 4 0 0 0 61 371
2025-08-28 9 0 10 0 22 0 11 0 127 8 0 0 0 8 0 0 276
2025-08-27 14 0 6 22 10 0 45 0 304 3 18 13 39 4 0 0 583
2025-08-26 15 0 25 16 124 37 16 0 202 4 38 6 0 18 1 10 650
2025-08-25 62 0 0 0 24 1 1 0 92 0 1 0 28 4 0 0 368
2025-08-22 10 84 3 0 6 0 0 0 46 0 14 0 0 0 7 4 304
2025-08-21 20 41 116 10 7 15 2 0 413 0 47 6 2 35 10 33 855
2025-08-20 0 0 10 1 58 0 2 0 165 2 0 20 2 0 0 62 326
2025-08-19 0 0 1 0 20 0 3 5 1 1 83 0 0 0 2 129 261
2025-08-18 114 18 25 8 30 2 8 5 103 13 8 6 14 3 0 29 454
2025-08-15 55 0 31 11 127 0 17 0 404 39 0 61 8 0 2 18 803
2025-08-14 20 0 15 5 24 36 6 0 1 10 1 0 15 8 0 3 154
2025-08-13 0 0 0 0 25 0 0 3 21 0 3 0 3 0 0 1 68
2025-08-12 0 0 8 18 18 0 34 0 195 0 0 0 3 0 0 20 319
2025-08-11 7 0 10 10 20 0 2 0 396 3 4 1 7 4 6 19 531
2025-08-08 84 0 20 19 179 1 0 100 110 23 5 36 15 0 1 123 758
Source: CBOE
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