DOW options flow: unusual options activity in Dow Inc.

Updated 28 September 2026, 09:54 ET

Over the last week the tape recorded 14 unusual options prints in Dow Inc. (DOW), $800K of tracked premium, leaning bearish. Bullish premium was $235K against $508K bearish; $611K went into calls and $190K into puts, a put call ratio of 0.31. The largest print was $144K of DOW 21 Jan 2028 $35 calls on 25 September 2026, executed at bid. The last session with prints, 25 September 2026, added 4 prints and $271K of premium. DOW closed at $28.02 on 25 September 2026, down 1.9%.

This week's unusual flow

Unusual prints14
Tracked premium$800K
Net premium-$273K
Bullish premium$235K
Bearish premium$508K
Call premium$611K
Put premium$190K
P/C ratio0.31
Sweeps50%
Size over OI4
Whale prints0
High conviction0

Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.

Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.

Largest prints of the week

DateContractTypeSizeOpen int.PremiumExecutionSentimentTier
25 Sep 2026DOW 21 Jan 2028 $35 callsTrade5004,167$144KAt bidBearish
23 Sep 2026DOW 16 Oct 2026 $30 callsSweep1,8052,165$116KAt bidBearishNotable
21 Sep 2026DOW 2 Oct 2026 $27 putsTrade3,000165$81KAt bidBullishNotable
24 Sep 2026DOW 18 Dec 2026 $45 putsSweep47498$77KAt askBearishNotable
22 Sep 2026DOW 19 Jan 2029 $20 callsTrade692$71KAt bidBearishNotable
25 Sep 2026DOW 18 Dec 2026 $25 callsSweep150662$57KAt bidNeutral
25 Sep 2026DOW 17 Jun 2027 $20 callsSweep513$45KAt bidBearishNotable
22 Sep 2026DOW 19 Mar 2027 $27.50 callsTrade90732$34KAt askBullish
23 Sep 2026DOW 20 Nov 2026 $30 putsSweep1302,842$32KAt bidBullishNotable
24 Sep 2026DOW 21 Jan 2028 $37.50 callsSweep1201,085$31KAt askBullish
24 Sep 2026DOW 18 Dec 2026 $30 callsTrade1683,489$31KAt bidBearish
23 Sep 2026DOW 16 Oct 2026 $30 callsSweep4762,165$31KAbove askBullishNotable

Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.

Where the money is aimed

ExpiryPrintsPremiumCalls shareNet premium
21 Jan 20282$175K100%-$112K
16 Oct 20263$171K100%-$110K
18 Dec 20263$165K53%-$108K
2 Oct 20261$81K0%+$81K
19 Jan 20291$71K100%-$71K
19 Mar 20272$61K100%+$61K

The most premium, $175K, is aimed at the 21 Jan 2028 expiry; the nearest expiry with unusual prints is 2 Oct 2026.

A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.

The last session, 25 September 2026

Prints4
Premium$271K
Net premium-$214K
P/C ratio0.00
Sweeps50%
DateContractTypeSizeOpen int.PremiumExecutionSentimentTier
25 Sep 2026DOW 21 Jan 2028 $35 callsTrade5004,167$144KAt bidBearish
25 Sep 2026DOW 18 Dec 2026 $25 callsSweep150662$57KAt bidNeutral
25 Sep 2026DOW 17 Jun 2027 $20 callsSweep513$45KAt bidBearishNotable
25 Sep 2026DOW 16 Oct 2026 $28 callsTrade24435$25KAt bidBearish

Every print in DOW with its full detail, the live tape, one tap filters and saved screeners: open DOW in Options Sentiment Screener.

Price

Last close$28.02
Day-1.89%
1 week-2.47%
1 month-7.62%
3 months-3.51%
1 year+21.14%
52 week high$42.74
52 week low$20.65
Volume8,842,132
Market cap$20.6B

The live quote and the price chart sit beside the ticker's flow in the app: open DOW in Options Sentiment Screener.

Analysts

The most recent analyst targets on file, from 9 firms, have a median of $35, 24.9% above the last close. The last 90 days brought 1 downgrade.

Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.

About Dow Inc.

Exchange
NYSE
Sector
Materials
Industry
Chemicals
Website
dow.com

Dow Inc. provides various materials science solutions for consumer care, infrastructure, and packaging markets in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials and Coatings segments. The Packaging & Specialty Plastics segment provides ethylene, and propylene and aromatics products; and polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers. The Industrial Intermediates & Infrastructure segment offers ethylene oxides, propylene oxide, propylene glycol and polyether polyols, aromatic isocyanates and polyurethane systems, coatings, adhesives, sealants, elastomers, and composites. This segment also provides caustic soda, and ethylene dichloride and vinyl chloride monomers; and cellulose ethers, redispersible latex powders, silicones, and acrylic emulsions. The Performance Materials and Coatings segment provides architectural paints and coatings, and industrial coatings that are used in maintenance and protective industries, wood, metal packaging, traffic markings, thermal paper, and leather; performance monomers and silicones; standalone silicones; and home and personal care solutions. It also engages in property and casualty insurance, as well as reinsurance business. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan.

In the same sector

Flow pages for other Materials names in the S&P 500:

LIN Linde PLCNEM Newmont Corp.FCX Freeport-McMoRan Inc.SHW Sherwin Williams Co.ECL Ecolab Inc.APD Air Products & Chemicals, Inc.CRH CRH Public Ltd. Co.NUE Nucor Corp.

Learn

The live tape for DOW with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.

Open DOW in Options Sentiment Screener