Diamondback Energy (FANG) Options Chain

NASDAQ: FANGEnergyOil & Gas ProductionUSD

192.13+0.45 (+0.23%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $192.13
Put/call ratio (OI): 0.54
Put/call ratio (volume): 0.29
ATM implied volatility: 38.2%
Expected move: ±$37.62
Open interest (C / P): 14.96K / 8.15K

FANG options summary

The FANG options chain for the January 15, 2027 expiration lists 39 call and 38 put contracts, with 96 days until expiration. Open interest stands at 14,963 calls and 8,146 puts, a put/call ratio of 0.54, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $190.00 strike is 38.2%, which implies the market expects a move of about ±$37.62 (19.6%) in Diamondback Energy stock by expiration.

The most open interest sits at the $220.00 call (4.32K contracts) and the $115.00 put (1.53K contracts).

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

FANG options chain · January 15, 2027

FANG 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
0	2	—	141.01	0.00	0.00	60.00	0.00	0.75	0.15	107.6%	1	31
—	—	—	—	—	—	65.00	0.00	0.00	0.30	50.0%	21	0
0	5	—	124.20	0.00	0.00	70.00	0.00	0.00	0.20	50.0%	1	0
1	1	218.0%	112.25	129.50	132.40	75.00	0.00	0.00	0.25	50.0%	1	0
0	5	—	121.30	0.00	0.00	80.00	0.00	3.80	1.38	111.3%	5	29
0	1	—	46.55	64.60	67.90	85.00	1.20	4.20	3.60	113.5%	1	11
0	1	—	86.00	0.00	0.00	90.00	0.00	0.50	0.20	68.1%	1	22
0	1	—	81.30	0.00	0.00	95.00	0.00	0.65	0.45	66.2%	1	28
0	1	—	104.00	0.00	0.00	100.00	0.00	0.00	0.70	25.0%	9	0
0	1	—	74.80	0.00	0.00	105.00	0.00	2.65	1.09	74.4%	5	65
0	1	—	67.95	0.00	0.00	110.00	0.00	1.00	0.85	57.6%	90	92
5	1	57.9%	73.30	76.20	79.60	115.00	0.00	0.75	0.28	51.0%	3	1,530
27	4	70.9%	65.20	70.60	74.70	120.00	0.00	0.80	0.39	54.2%	1	269
23	1	66.7%	60.96	65.80	69.80	125.00	0.30	0.90	0.35	51.4%	8	629
19	5	120.4%	55.75	75.50	79.50	130.00	0.00	0.85	0.70	46.9%	1	508
28	1	59.7%	69.50	56.10	60.20	135.00	0.05	1.40	1.05	48.2%	3	539
33	2	109.4%	52.90	66.40	70.40	140.00	0.40	1.15	1.51	42.2%	70	300
47	2	54.0%	40.00	46.90	50.90	145.00	0.75	1.60	2.15	41.7%	2	194
148	30	51.6%	36.61	42.20	46.40	150.00	1.40	2.05	1.73	40.6%	2	292
88	2	47.3%	33.75	37.90	41.50	155.00	1.15	3.40	3.30	43.1%	2	186
150	1	45.4%	39.10	33.80	37.20	160.00	2.60	3.40	3.09	38.7%	5	786
86	1	44.1%	26.30	29.60	33.20	165.00	3.40	4.40	4.20	38.2%	5	179
1,498	1	44.5%	26.53	25.90	29.90	170.00	3.40	6.30	7.40	39.9%	4	232
781	8	43.6%	22.80	22.40	26.40	175.00	5.90	7.00	8.95	37.0%	2	327
262	1	42.8%	21.10	19.00	23.10	180.00	7.40	8.80	11.16	36.8%	2	442
255	2	42.1%	17.20	16.00	20.10	185.00	9.40	10.90	13.80	36.6%	5	122
490	6	41.3%	15.99	13.30	17.30	190.00	10.20	12.70	15.30	35.0%	2	118
FANG $192.13
260	10	39.7%	12.11	12.30	14.40	195.00	12.80	16.40	19.40	37.5%	4	87
2,180	5	38.8%	11.00	10.20	12.00	200.00	15.70	19.30	18.00	37.4%	2	1,069
724	11	37.1%	7.90	6.90	8.00	210.00	22.10	26.30	23.80	38.3%	2	58
4,323	6	37.0%	4.70	4.50	5.50	220.00	0.00	0.00	21.80	—	1	0
819	8	37.0%	3.20	3.00	3.70	230.00	0.00	0.00	28.90	—	—	0
1,154	795	39.8%	2.08	1.25	3.10	240.00	0.00	0.00	55.53	—	10	0
423	2	38.4%	1.00	1.20	1.85	250.00	0.00	0.00	43.90	—	—	0
133	1	40.9%	1.30	0.50	1.60	260.00	—	—	—	—	—	—
250	1	46.2%	0.95	0.05	1.85	270.00	0.00	0.00	78.60	—	—	0
148	7	46.0%	0.45	0.00	1.30	280.00	79.10	82.90	83.77	—	1	1
346	2	46.2%	0.45	0.00	0.95	290.00	0.00	0.00	97.10	—	—	0
248	2	48.1%	0.50	0.00	0.85	300.00	92.40	96.50	109.80	—	—	0
14	1	49.7%	0.05	0.00	0.75	310.00	—	—	—	—	—	—

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 FANG put/call ratio?

For the January 15, 2027 expiration, the FANG put/call ratio based on open interest is 0.54 (8,146 puts vs 14,963 calls), and 0.29 based on today's volume. A ratio above 1 means more puts than calls.

What is FANG's implied volatility?

At-the-money implied volatility for FANG options expiring January 15, 2027 is about 38.2%, an annualized estimate of how much the market expects Diamondback Energy stock to move.

How many FANG option expiration dates are there?

FANG 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.