True Sentiment Analysis

Time: 03:55 PM (10/16/2026)

Method: Delta 40-60 Options – Pure Directional Conviction

Display: Top 10 symbols per category (60%+ dominance threshold)

Market Overview

Total Dollar Volume: $12,186,011,167

Call Dominance: 46.4% ($5,658,894,067)

Put Dominance: 53.6% ($6,527,117,100)

Total Qualifying Symbols: 281 | Bullish: 115 | Bearish: 63 | Balanced: 103

Top 10 Bullish Conviction

Highest call dominance (60%+ threshold) – Ranked by conviction strength

1. DJX - $2,901,255 total volume
Call: $2,896,500 | Put: $4,755 | 99.8% Call Dominance
CALL $525 Exp: 11/20/2026 | Dollar volume: $2,577,885 | Volume: 3,862 contracts | Mid price: $6.6750

2. AXGN - $2,245,310 total volume
Call: $2,215,610 | Put: $29,700 | 98.7% Call Dominance
CALL $40 Exp: 11/20/2026 | Dollar volume: $2,066,608 | Volume: 6,509 contracts | Mid price: $3.1750

3. BUD - $3,761,630 total volume
Call: $3,702,520 | Put: $59,110 | 98.4% Call Dominance
CALL $85 Exp: 01/21/2028 | Dollar volume: $1,625,250 | Volume: 1,650 contracts | Mid price: $9.8500

4. OXY - $4,136,840 total volume
Call: $4,045,223 | Put: $91,617 | 97.8% Call Dominance
CALL $65 Exp: 01/15/2027 | Dollar volume: $2,329,498 | Volume: 7,337 contracts | Mid price: $3.1750

5. MNDY - $2,292,760 total volume
Call: $2,238,910 | Put: $53,850 | 97.7% Call Dominance
CALL $100 Exp: 01/15/2027 | Dollar volume: $1,439,185 | Volume: 1,507 contracts | Mid price: $9.5500

6. PBR - $20,904,313 total volume
Call: $20,401,576 | Put: $502,737 | 97.6% Call Dominance
CALL $26 Exp: 12/18/2026 | Dollar volume: $10,312,770 | Volume: 50,677 contracts | Mid price: $2.0350

7. SOXS - $7,567,969 total volume
Call: $7,344,979 | Put: $222,990 | 97.1% Call Dominance
CALL $50 Exp: 10/23/2026 | Dollar volume: $1,075,350 | Volume: 3,210 contracts | Mid price: $3.3500

8. BNO - $2,032,785 total volume
Call: $1,968,800 | Put: $63,985 | 96.9% Call Dominance
CALL $70 Exp: 01/15/2027 | Dollar volume: $984,960 | Volume: 1,728 contracts | Mid price: $5.7000

9. EXE - $2,195,250 total volume
Call: $2,124,470 | Put: $70,780 | 96.8% Call Dominance
CALL $97.50 Exp: 06/17/2027 | Dollar volume: $1,763,000 | Volume: 2,050 contracts | Mid price: $8.6000

10. FTAI - $2,918,630 total volume
Call: $2,807,020 | Put: $111,610 | 96.2% Call Dominance
CALL $170 Exp: 05/21/2027 | Dollar volume: $2,554,500 | Volume: 786 contracts | Mid price: $32.5000

Note: 105 additional bullish symbols not shown

Top 10 Bearish Conviction

Highest put dominance (60%+ threshold) – Ranked by conviction strength

1. CGEM - $1,951,370 total volume
Call: $930 | Put: $1,950,440 | 100.0% Put Dominance
PUT $27 Exp: 12/17/2027 | Dollar volume: $546,825 | Volume: 345 contracts | Mid price: $15.8500

2. SPXS - $7,524,869 total volume
Call: $234,281 | Put: $7,290,588 | 96.9% Put Dominance
PUT $25 Exp: 01/15/2027 | Dollar volume: $7,121,796 | Volume: 29,128 contracts | Mid price: $2.4450

3. HYG - $3,731,080 total volume
Call: $152,716 | Put: $3,578,364 | 95.9% Put Dominance
PUT $77 Exp: 10/23/2026 | Dollar volume: $2,578,875 | Volume: 79,350 contracts | Mid price: $0.3250

4. IRON - $2,148,070 total volume
Call: $132,020 | Put: $2,016,050 | 93.9% Put Dominance
PUT $60 Exp: 11/20/2026 | Dollar volume: $1,810,250 | Volume: 1,114 contracts | Mid price: $16.2500

5. BSP - $1,965,130 total volume
Call: $122,900 | Put: $1,842,230 | 93.7% Put Dominance
PUT $50 Exp: 12/18/2026 | Dollar volume: $1,080,000 | Volume: 1,000 contracts | Mid price: $10.8000

6. HCA - $2,016,320 total volume
Call: $126,540 | Put: $1,889,780 | 93.7% Put Dominance
PUT $450 Exp: 01/15/2027 | Dollar volume: $1,598,200 | Volume: 655 contracts | Mid price: $24.4000

7. RBA - $2,724,900 total volume
Call: $235,500 | Put: $2,489,400 | 91.4% Put Dominance
PUT $85 Exp: 11/20/2026 | Dollar volume: $2,120,600 | Volume: 4,610 contracts | Mid price: $4.6000

8. RVMD - $4,269,580 total volume
Call: $440,370 | Put: $3,829,210 | 89.7% Put Dominance
PUT $175 Exp: 11/20/2026 | Dollar volume: $3,198,300 | Volume: 3,046 contracts | Mid price: $10.5000

9. NUGT - $3,106,720 total volume
Call: $372,290 | Put: $2,734,430 | 88.0% Put Dominance
PUT $260 Exp: 06/16/2028 | Dollar volume: $2,033,440 | Volume: 142 contracts | Mid price: $143.2000

10. QQQM - $2,733,090 total volume
Call: $347,450 | Put: $2,385,640 | 87.3% Put Dominance
PUT $295 Exp: 06/17/2027 | Dollar volume: $2,075,150 | Volume: 1,078 contracts | Mid price: $19.2500

Note: 53 additional bearish symbols not shown

Top 10 Balanced / Mixed Sentiment

Highest volume symbols with balanced call/put activity – Ranked by total volume

1. SPX - $2,803,639,170 total volume
Call: $1,282,111,130 | Put: $1,521,528,040 | Slight Put Bias (54.3%)
PUT $7700 Exp: 12/18/2026 | Dollar volume: $133,585,245 | Volume: 7,407 contracts | Mid price: $180.3500

2. SPY - $515,790,014 total volume
Call: $214,943,225 | Put: $300,846,789 | Slight Put Bias (58.3%)
PUT $760 Exp: 11/20/2026 | Dollar volume: $16,377,504 | Volume: 14,316 contracts | Mid price: $11.4400

3. MU - $487,245,095 total volume
Call: $259,460,145 | Put: $227,784,950 | Slight Call Bias (53.3%)
CALL $900 Exp: 01/15/2027 | Dollar volume: $28,123,040 | Volume: 3,344 contracts | Mid price: $84.1000

4. NVDA - $232,055,913 total volume
Call: $120,076,772 | Put: $111,979,141 | Slight Call Bias (51.7%)
PUT $400 Exp: 12/15/2028 | Dollar volume: $26,831,858 | Volume: 1,449 contracts | Mid price: $185.1750

5. SNDK - $195,200,050 total volume
Call: $80,411,110 | Put: $114,788,940 | Slight Put Bias (58.8%)
PUT $1400 Exp: 01/15/2027 | Dollar volume: $17,864,550 | Volume: 810 contracts | Mid price: $220.5500

6. AMD - $191,236,375 total volume
Call: $89,205,100 | Put: $102,031,275 | Slight Put Bias (53.4%)
CALL $630 Exp: 01/21/2028 | Dollar volume: $11,736,348 | Volume: 1,171 contracts | Mid price: $100.2250

7. AAPL - $129,830,662 total volume
Call: $77,838,312 | Put: $51,992,350 | Slight Call Bias (60.0%)
CALL $345 Exp: 01/15/2027 | Dollar volume: $6,593,830 | Volume: 3,643 contracts | Mid price: $18.1000

8. SPCX - $128,029,023 total volume
Call: $65,741,124 | Put: $62,287,899 | Slight Call Bias (51.3%)
PUT $165 Exp: 03/19/2027 | Dollar volume: $8,993,208 | Volume: 2,927 contracts | Mid price: $30.7250

9. AVGO - $114,914,575 total volume
Call: $53,743,375 | Put: $61,171,200 | Slight Put Bias (53.2%)
PUT $680 Exp: 12/15/2028 | Dollar volume: $4,907,000 | Volume: 140 contracts | Mid price: $350.5000

10. NBIS - $107,576,935 total volume
Call: $52,943,355 | Put: $54,633,580 | Slight Put Bias (50.8%)
CALL $180 Exp: 11/20/2026 | Dollar volume: $8,453,760 | Volume: 6,216 contracts | Mid price: $13.6000

Note: 93 additional balanced symbols not shown

Key Insights

Mixed Market - Relatively balanced sentiment with 46.4% call / 53.6% put split

Extreme Bullish Conviction (Top 10): DJX (99.8%), AXGN (98.7%), BUD (98.4%), OXY (97.8%), MNDY (97.7%)

Extreme Bearish Conviction (Top 10): CGEM (100.0%), SPXS (96.9%), HYG (95.9%), IRON (93.9%), BSP (93.7%)

Methodology

This analysis focuses exclusively on delta 40-60 options, which represent pure directional conviction. These options are rarely sold by retail traders, making the volume a clean signal of institutional and informed money movement without hedging noise.

Display Filter: Shows top 10 symbols in each category ranked by conviction strength (dominance percentage) to focus on the most significant directional bets.