Black Hills (BKH) Options Chain

NYSE: BKHUtilitiesElectric Utilities: CentralUSD

76.08-0.44 (-0.58%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $76.08
Put/call ratio (OI): 0.20
Put/call ratio (volume): 0.36
ATM implied volatility: 49.4%
Expected move: ±$12.44
Open interest (C / P): 893 / 181

BKH options summary

The BKH options chain for the November 20, 2026 expiration lists 11 call and 9 put contracts, with 40 days until expiration. Open interest stands at 893 calls and 181 puts, a put/call ratio of 0.20, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $75.00 strike is 49.4%, which implies the market expects a move of about ±$12.44 (16.3%) in Black Hills stock by expiration.

The most open interest sits at the $80.00 call (394 contracts) and the $65.00 put (46 contracts).

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

BKH options chain · November 20, 2026

BKH 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
—	—	—	—	—	—	45.00	0.00	2.30	0.49	123.2%	6	27
0	1	—	25.68	20.60	23.50	50.00	0.00	2.55	0.60	106.3%	1	5
2	1	50.8%	17.56	19.20	23.20	55.00	0.00	2.85	1.00	90.6%	1	8
38	6	84.2%	11.90	14.20	18.20	60.00	0.00	2.20	0.38	66.5%	1	41
7	4	66.7%	7.50	9.40	13.30	65.00	0.00	2.40	0.05	51.7%	1	46
204	1	55.7%	2.12	5.00	9.00	70.00	0.00	3.10	1.29	57.7%	2	45
185	5	47.0%	2.77	1.50	5.30	75.00	1.00	4.70	7.30	51.8%	2	8
BKH $76.08
394	11	48.1%	1.25	1.00	3.30	80.00	—	—	—	—	—	—
29	1	29.1%	0.25	0.25	0.50	85.00	12.00	15.70	12.90	80.8%	2	1
25	15	50.8%	0.46	0.00	2.40	90.00	0.00	0.00	15.96	—	2	0
4	3	61.5%	1.10	0.00	2.50	95.00	—	—	—	—	—	—
5	2	67.3%	0.15	0.00	2.15	100.00	—	—	—	—	—	—

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 BKH put/call ratio?

For the November 20, 2026 expiration, the BKH put/call ratio based on open interest is 0.20 (181 puts vs 893 calls), and 0.36 based on today's volume. A ratio above 1 means more puts than calls.

What is BKH's implied volatility?

At-the-money implied volatility for BKH options expiring November 20, 2026 is about 49.4%, an annualized estimate of how much the market expects Black Hills stock to move.

How many BKH option expiration dates are there?

BKH has 4 listed expiration dates, from Oct 16, 2026 to May 21, 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.