Expand Energy (EXE) Options Chain

NASDAQ: EXEEnergyOil & Gas ProductionUSD

88.22-0.64 (-0.72%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $88.22
Put/call ratio (OI): 0.18
Put/call ratio (volume): 0.49
ATM implied volatility: 35.9%
Expected move: ±$35.91
Open interest (C / P): 10.36K / 1.85K

EXE options summary

The EXE options chain for the January 21, 2028 expiration lists 28 call and 19 put contracts, with 468 days until expiration. Open interest stands at 10,356 calls and 1,847 puts, a put/call ratio of 0.18, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $90.00 strike is 35.9%, which implies the market expects a move of about ±$35.91 (40.7%) in Expand Energy stock by expiration.

The most open interest sits at the $120.00 call (4.26K contracts) and the $90.00 put (409 contracts).

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

EXE options chain · January 21, 2028

EXE 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	3.10	0.75	57.5%	1	1
16	1	51.3%	39.80	36.50	41.50	50.00	0.00	2.80	1.25	48.6%	10	343
0	4	—	41.10	0.00	0.00	55.00	0.10	2.45	1.85	40.4%	10	45
200	101	47.3%	30.60	28.60	33.50	60.00	0.00	0.00	2.05	6.3%	1	0
7	1	44.5%	29.50	24.50	29.50	65.00	1.15	4.60	2.20	38.3%	2	79
316	56	43.0%	23.00	21.90	26.00	70.00	3.40	6.10	5.51	37.5%	1	61
141	9	42.5%	19.75	18.70	23.00	75.00	3.50	7.40	5.97	35.4%	7	86
193	15	41.3%	17.09	15.50	20.00	80.00	6.50	9.30	9.19	34.4%	1	118
599	1	40.8%	15.40	13.20	17.50	85.00	8.00	11.70	11.54	34.0%	7	149
EXE $88.22
271	1	38.4%	12.00	10.50	14.50	90.00	11.20	14.30	12.70	33.5%	260	409
173	1	38.3%	11.05	9.90	12.60	95.00	13.50	17.50	15.60	33.7%	1	38
364	5	37.9%	9.50	8.30	10.80	100.00	16.50	20.50	15.00	32.7%	2	232
167	20	40.8%	7.88	6.50	10.50	105.00	20.00	23.90	19.40	32.2%	52	144
153	2	40.2%	6.60	5.00	9.00	110.00	18.50	23.50	28.85	19.2%	5	29
356	200	37.9%	6.20	4.00	7.00	115.00	27.60	32.50	31.33	34.4%	1	24
4,262	68	38.3%	5.10	4.00	6.20	120.00	26.00	30.50	30.93	—	2	84
344	20	39.2%	3.80	3.00	5.70	125.00	0.00	0.00	31.40	—	—	0
657	1	42.4%	4.10	3.00	6.00	130.00	40.50	44.70	37.03	32.5%	4	5
646	60	38.5%	2.80	2.70	4.10	135.00	—	—	—	—	—	—
134	8	43.3%	3.00	2.05	5.00	140.00	—	—	—	—	—	—
0	1	12.5%	3.02	0.00	0.00	145.00	—	—	—	—	—	—
311	1	38.6%	1.85	1.65	2.70	150.00	59.50	64.50	55.10	38.7%	—	0
7	2	40.1%	1.90	0.40	2.70	155.00	—	—	—	—	—	—
80	1	44.4%	2.50	0.20	3.40	160.00	—	—	—	—	—	—
11	10	49.5%	2.86	0.50	4.40	165.00	—	—	—	—	—	—
0	1	12.5%	5.09	0.00	0.00	170.00	—	—	—	—	—	—
24	150	47.7%	1.15	0.00	3.20	175.00	—	—	—	—	—	—
75	5	41.3%	1.70	0.00	1.60	180.00	—	—	—	—	—	—
849	3	40.9%	0.90	0.35	1.35	185.00	—	—	—	—	—	—

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 EXE put/call ratio?

For the January 21, 2028 expiration, the EXE put/call ratio based on open interest is 0.18 (1,847 puts vs 10,356 calls), and 0.49 based on today's volume. A ratio above 1 means more puts than calls.

What is EXE's implied volatility?

At-the-money implied volatility for EXE options expiring January 21, 2028 is about 35.9%, an annualized estimate of how much the market expects Expand Energy stock to move.

How many EXE option expiration dates are there?

EXE has 16 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.