Best Options Strategy for OIS
Looking for the best options strategy for Oil States International, Inc. (OIS)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live OIS option chain right now, and a simple map from your view on OIS to the strategy that fits it. Model any of them in the calculator before you trade.
About OIS
Oil States International, Inc. (OIS) is a major company in Oil & Gas Equipment & Services. Options traders on OIS tend to watch , since these can drive large moves in the share price.
About Oil States International, Inc.
Oil States International manufactures and supplies specialized equipment and products for the oil and gas industry, along with related sectors. The company runs three operational divisions covering different parts of the energy supply chain. Its Completion and Production Services segment delivers equipment and support needed to bring wells into production and keep them flowing throughout their operational life. The Downhole Technologies division focuses on perforation systems and subsea tools used during well completion, maintenance, and eventual decommissioning, while also manufacturing consumable products sold to service and exploration companies. The Offshore Manufactured Products segment serves deepwater operations, producing components for floating production vessels, subsea infrastructure, and drilling rigs—items like specialized bearings, connectors, riser systems, mooring equipment, and blow-out preventers, plus associated welding, fabrication, and inspection services.
The company generates revenue by supplying to a broad customer base spanning major and independent oil and gas producers, offshore drilling contractors, oilfield service firms, and defense and industrial…
Today's top-scoring strategy for OIS
Our engine ranks defined-risk strategies on the live OIS chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | CALL | $95 | $6.83 |
| Sell | 2× | CALL | $100 | $3.82 |
| Buy | 1× | CALL | $105 | $1.87 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $125 | −$105 | −$103 | −$99 | −$94 | −$89 |
| $120 | −$102 | −$96 | −$88 | −$82 | −$77 |
| $115 | −$88 | −$77 | −$69 | −$64 | −$61 |
| $110 | −$50 | −$42 | −$40 | −$41 | −$43 |
| $105 | $10 | −$1 | −$11 | −$20 | −$28 |
| $100 | $42 | $18 | $0 | −$13 | −$23 |
| $95 | $3 | −$7 | −$16 | −$25 | −$32 |
| $90 | −$64 | −$55 | −$52 | −$51 | −$52 |
| $85 | −$98 | −$91 | −$84 | −$78 | −$75 |
| $80 | −$105 | −$103 | −$100 | −$96 | −$92 |
| $75 | −$106 | −$106 | −$105 | −$104 | −$101 |
Illustrative example at OIS's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
OIS typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.
OIS insider trading activity (SEC Form 4)
Open-market insider transactions at OIS over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Hollek Darrell E | Sell | 42,511 | $494K | 2026-03-31 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
Earnings & IV crush
OIS's next earnings report is due around October 29, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Key figures
- Market cap
- $518M
- Beta (vs market)
- 1.12
- 52-week range
- $5.50–$14.50
- Short interest
- 4.1% of float · 3.6 days to cover
How to choose an options strategy for OIS
Start with your outlook on OIS, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while OIS stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open OIS in the free calculator →
Frequently asked questions
What is the best options strategy for OIS?
It depends on your outlook. Bullish traders often use a long call or bull call spread on OIS; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are OIS options liquid enough to trade?
Oil States International, Inc. (OIS) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade OIS options?
Buying a single OIS call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade OIS or any security. Do your own research.
What does Oil States International, Inc. do?
Oil States International, Inc. (OIS) operates in the Oil & Gas Equipment & Services industry. The "About Oil States International, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does Oil States International, Inc. pay a dividend?
We don't show a confirmed dividend yield for Oil States International, Inc. here, so treat it as uncertain: before writing calls, check its current dividend and ex-dividend date with your broker — an approaching ex-dividend date can trigger early assignment on in-the-money short calls.
When does Oil States International, Inc. next report earnings?
Oil States International, Inc.'s next earnings are expected around October 29, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Price trend
Tickers related to OIS
Comparing OIS with similar names can help you choose the best options strategy:
Company information
- Headquarters
- Three Allen Center, Suite 4620 333 Clay Street, Houston, TX, 77002, United States
- Industry
- Oil & Gas Equipment & Services
- Employees
- 2,172
- CEO
- Mr. Lloyd A. Hajdik CPA
- Phone
- 713 652 0582
- Website
- www.oilstatesintl.com
- Investor relations
- www.oilstatesintl.com/fw/main/Investor-Relations-4.html
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