HANOVER INSURANCE GROUP, INC. (THG) Open Interest

HANOVER INSURANCE GROUP, INC. (THG) has 220 call contracts and 808 put contracts open across all listed expirations — a put/call open interest ratio of 3.67. Open interest counts the contracts currently outstanding at each strike. This page shows where THG positioning concentrates, which strikes act as walls, and how the totals have trended over the past year.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$277.11
52-week range
$125.47 – $288.01
ATM IV (30d)
22.1%
IV rank
41 / 100
Moderate
Expected move
±$8.48 (±3.1%)
Put/call OI
3.67
Put-heavy
Max pain
$210
↓ 24.2% below close
Next earnings
Aug 2, 2026

THG Open Interest by Strike

0127254381SpotMax painCall wallPut wall210220230240

THG open interest by strike, all expirations combined — calls in green, puts in red.

Total call open interest220
Total put open interest808
Put/call OI ratio3.67
Open interest rank (31 day)95 / 100
Call wall (largest call OI)$210
Put wall (largest put OI)$210
Top volume strike$220
Volume / OI ratio0.02

THG Open Interest Trend

0242.8485.6728.3971.1Call OIPut OIFeb '26May '26Jul '26

THG total call vs. put open interest, past year.

0.003.837.6611.4915.31Feb '26May '26Jul '26

THG put/call open interest ratio, past year.

A put/call open interest ratio of 3.67 means meaningfully more puts than calls are outstanding — elevated hedging or bearish positioning. In total, 220 call contracts and 808 put contracts are open across all listed expirations. The put/call OI ratio has risen from 0.33 in Feb '26 to 3.67 today.

Explore the payoff profile of option on THG for free

Build multi-leg THG strategies, visualize payoffs, and scan the full US options universe with OptiView.

THG Options FAQ

What is THG's put/call ratio?

THG's put/call open interest ratio is 3.67 as of Jul 10, 2026, with 808 put contracts and 220 call contracts outstanding.

Which THG strikes have the highest open interest?

As of Jul 10, 2026, the largest call open interest sits at $210 (the call wall) and the largest put open interest sits at $210 (the put wall). Strikes with heavy open interest often act as reference levels because a lot of hedging activity is anchored to them.

Is THG open interest unusually high right now?

THG's total open interest ranks 95 out of 100 versus the past 31 trading days as of Jul 10, 2026 — toward the top of its recent range, so positioning is unusually heavy.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.