American Electric Power (AEP) Options Chain

NASDAQ: AEPUtilitiesElectric Utilities: CentralUSD

122.81+0.49 (+0.40%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $122.81
Put/call ratio (OI): 0.22
Put/call ratio (volume): 0.30
ATM implied volatility: 23.4%
Expected move: ±$32.54
Open interest (C / P): 3.79K / 828

AEP options summary

The AEP options chain for the January 21, 2028 expiration lists 29 call and 22 put contracts, with 468 days until expiration. Open interest stands at 3,788 calls and 828 puts, a put/call ratio of 0.22, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $125.00 strike is 23.4%, which implies the market expects a move of about ±$32.54 (26.5%) in American Electric Power stock by expiration.

The most open interest sits at the $130.00 call (730 contracts) and the $100.00 put (142 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

AEP options chain · January 21, 2028

AEP calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	—	57.3%	67.80	65.50	70.50	55.00	0.30	1.50	0.55	49.2%	5	16
1	—	52.1%	63.60	60.50	65.50	60.00	0.00	2.90	1.00	53.3%	2	2
4	1	47.2%	57.97	55.50	60.50	65.00	—	—	—	—	—	—
1	—	78.2%	60.17	63.00	67.50	70.00	0.00	0.00	1.00	12.5%	2	0
9	1	40.7%	47.40	46.00	51.00	75.00	0.00	0.00	1.97	12.5%	1	0
5	1	38.5%	42.40	42.00	46.50	80.00	0.00	0.00	2.17	6.3%	1	0
9	2	36.2%	42.18	37.50	42.00	85.00	0.00	0.00	1.90	6.3%	3	0
38	1	35.2%	33.80	33.00	38.00	90.00	1.55	2.60	2.70	27.1%	1	79
17	1	33.9%	28.30	30.00	34.00	95.00	2.40	7.00	3.91	36.0%	11	23
143	2	29.8%	26.40	26.10	29.00	100.00	3.00	3.90	3.42	24.0%	1	142
28	2	28.3%	19.88	22.10	25.10	105.00	3.80	7.00	5.40	27.7%	1	69
99	1	26.9%	20.21	18.80	21.40	110.00	5.30	6.10	6.31	21.7%	1	62
421	8	26.2%	16.00	15.40	18.30	115.00	6.60	8.10	7.84	21.6%	13	126
302	1	27.3%	13.99	11.60	16.40	120.00	8.00	10.60	9.40	21.8%	8	87
AEP $122.81
150	1	23.7%	11.45	10.70	12.20	125.00	9.10	14.00	11.90	23.1%	49	86
730	22	25.1%	8.81	8.50	11.00	130.00	12.00	16.20	17.01	21.6%	1	17
670	290	26.0%	7.20	5.00	9.80	135.00	0.00	0.00	18.15	—	1	0
551	1	26.4%	5.25	3.50	8.50	140.00	19.50	24.50	15.80	24.2%	5	9
328	5	22.6%	4.80	2.50	5.30	145.00	23.50	28.00	20.02	23.7%	2	1
79	11	22.4%	3.50	3.10	4.20	150.00	28.50	32.00	24.50	23.8%	2	102
11	3	22.4%	3.00	2.20	3.40	155.00	31.50	36.00	26.74	23.4%	—	0
30	1	23.7%	2.00	1.10	3.20	160.00	36.00	40.50	31.00	24.0%	2	7
39	1	22.8%	1.90	1.30	2.30	165.00	40.50	45.50	32.60	25.7%	—	0
59	2	27.4%	1.10	0.05	3.40	170.00	—	—	—	—	—	—
5	2	30.3%	0.85	0.05	3.90	175.00	—	—	—	—	—	—
19	2	24.9%	0.85	0.05	1.70	180.00	—	—	—	—	—	—
10	6	31.1%	1.15	0.05	3.20	185.00	—	—	—	—	—	—
2	1	34.9%	1.35	0.00	3.60	195.00	—	—	—	—	—	—
27	5	34.6%	1.00	0.00	3.10	200.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the AEP put/call ratio?

For the January 21, 2028 expiration, the AEP put/call ratio based on open interest is 0.22 (828 puts vs 3,788 calls), and 0.30 based on today's volume. A ratio above 1 means more puts than calls.

What is AEP's implied volatility?

At-the-money implied volatility for AEP options expiring January 21, 2028 is about 23.4%, an annualized estimate of how much the market expects American Electric Power stock to move.

How many AEP option expiration dates are there?

AEP has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.