Air Products and Chemicals (APD) Options Chain

NYSE: APDBasic MaterialsMajor ChemicalsUSD

281.26+2.88 (+1.03%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 69
Share price: $281.26
Put/call ratio (OI): 0.31
Put/call ratio (volume): 0.78
ATM implied volatility: 29.0%
Expected move: ±$35.43
Open interest (C / P): 5.36K / 1.68K

APD options summary

The APD options chain for the December 18, 2026 expiration lists 27 call and 23 put contracts, with 69 days until expiration. Open interest stands at 5,361 calls and 1,680 puts, a put/call ratio of 0.31, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $280.00 strike is 29.0%, which implies the market expects a move of about ±$35.43 (12.6%) in Air Products and Chemicals stock by expiration.

The most open interest sits at the $340.00 call (2.60K contracts) and the $260.00 put (704 contracts).

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

APD options chain · December 18, 2026

APD 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
—	—	—	—	—	—	135.00	0.00	2.20	0.12	93.5%	10	12
—	—	—	—	—	—	150.00	0.00	2.45	0.85	83.2%	10	7
—	—	—	—	—	—	160.00	0.00	2.55	1.08	76.3%	8	8
—	—	—	—	—	—	170.00	0.20	3.40	2.32	74.4%	1	2
—	—	—	—	—	—	175.00	1.10	4.00	5.71	76.7%	—	0
—	—	—	—	—	—	180.00	0.00	2.30	1.20	61.2%	2	6
—	—	—	—	—	—	185.00	0.00	0.00	1.47	25.0%	12	0
0	—	—	54.50	75.50	79.50	190.00	0.00	3.20	2.12	58.9%	1	6
4	1	117.3%	74.76	100.00	105.00	195.00	0.00	1.85	0.90	57.5%	1	14
0	1	127.5%	100.96	100.40	104.50	200.00	0.00	2.25	1.70	56.9%	16	50
0	4	—	90.00	0.00	0.00	210.00	0.00	2.70	0.80	52.9%	2	15
6	12	68.6%	59.52	67.50	72.00	220.00	0.00	3.00	0.85	47.8%	13	45
27	1	87.4%	58.90	67.20	71.50	230.00	0.00	3.40	1.45	43.0%	3	158
10	1	41.7%	44.30	42.90	46.20	240.00	1.25	2.10	2.10	31.2%	1	53
27	1	38.1%	32.77	34.00	37.40	250.00	1.80	3.90	2.61	31.5%	3	94
11	6	35.0%	24.40	26.60	29.20	260.00	4.20	6.40	5.50	31.2%	1	704
34	1	31.8%	13.40	19.30	21.50	270.00	6.80	9.30	7.38	29.8%	1	279
15	1	30.6%	15.30	13.20	15.50	280.00	10.80	12.70	10.81	27.4%	4	93
APD $281.26
66	4	31.1%	8.80	8.00	11.40	290.00	15.40	17.30	16.49	25.1%	1	69
398	1	28.8%	5.04	4.30	7.00	300.00	22.00	24.60	17.71	26.1%	2	54
302	2	30.0%	2.90	2.10	5.10	310.00	29.20	32.30	29.99	25.9%	1	7
222	1	28.3%	2.10	1.30	2.80	320.00	24.50	28.60	30.90	—	1	3
350	3	27.6%	1.26	0.65	1.55	330.00	—	—	—	—	—	—
2,597	3	37.7%	1.00	0.60	3.10	340.00	—	—	—	—	—	—
223	2	40.5%	0.88	0.40	2.85	350.00	—	—	—	—	—	—
950	5	33.1%	0.40	0.00	0.80	360.00	—	—	—	—	—	—
54	39	46.2%	0.65	0.00	2.55	370.00	—	—	—	—	—	—
16	1	48.9%	1.20	0.00	2.45	380.00	—	—	—	—	—	—
25	25	46.9%	0.95	0.40	1.55	390.00	—	—	—	—	—	—
8	2	58.0%	2.40	0.00	3.10	400.00	—	—	—	—	—	—
4	1	51.7%	1.40	0.00	2.95	410.00	127.20	131.50	109.90	59.2%	—	1
7	1	51.1%	1.92	0.00	2.15	420.00	—	—	—	—	—	—
3	1	55.9%	1.70	0.00	2.75	430.00	—	—	—	—	—	—
2	1	56.2%	0.55	0.00	2.25	440.00	—	—	—	—	—	—

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 APD put/call ratio?

For the December 18, 2026 expiration, the APD put/call ratio based on open interest is 0.31 (1,680 puts vs 5,361 calls), and 0.78 based on today's volume. A ratio above 1 means more puts than calls.

What is APD's implied volatility?

At-the-money implied volatility for APD options expiring December 18, 2026 is about 29.0%, an annualized estimate of how much the market expects Air Products and Chemicals stock to move.

How many APD option expiration dates are there?

APD has 7 listed expiration dates, from Oct 16, 2026 to Sep 17, 2027.

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.