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: Mar 19, 2027
Days to expiration: 159
Share price: $192.13
Put/call ratio (OI): 0.19
Put/call ratio (volume): 0.12
ATM implied volatility: 38.5%
Expected move: ±$48.86
Open interest (C / P): 4.43K / 832

FANG options summary

The FANG options chain for the March 19, 2027 expiration lists 24 call and 24 put contracts, with 159 days until expiration. Open interest stands at 4,429 calls and 832 puts, a put/call ratio of 0.19, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $190.00 strike is 38.5%, which implies the market expects a move of about ±$48.86 (25.4%) in Diamondback Energy stock by expiration.

The most open interest sits at the $210.00 call (1.88K contracts) and the $170.00 put (196 contracts).

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

FANG options chain · March 19, 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
—	—	—	—	—	—	100.00	0.00	0.90	1.52	50.8%	3	3
—	—	—	—	—	—	105.00	0.00	0.90	0.45	53.7%	—	1
—	—	—	—	—	—	110.00	0.00	1.25	0.50	53.6%	7	9
—	—	—	—	—	—	115.00	0.00	1.40	0.95	51.3%	1	4
—	—	—	—	—	—	120.00	0.25	1.60	1.20	49.2%	2	23
—	—	—	—	—	—	125.00	0.45	1.95	1.45	47.9%	3	10
—	—	—	—	—	—	130.00	0.90	1.75	1.32	43.2%	7	13
7	—	93.8%	48.81	72.20	76.50	135.00	1.25	2.15	2.50	42.1%	2	40
—	—	—	—	—	—	140.00	1.85	2.65	3.33	41.1%	5	10
3	2	85.6%	42.90	63.40	67.50	145.00	1.75	3.70	2.61	41.9%	2	6
0	—	—	56.42	0.00	0.00	150.00	2.55	4.50	5.00	41.1%	1	22
0	—	—	39.03	0.00	0.00	155.00	3.90	5.00	5.71	39.0%	8	30
2	1	45.2%	40.10	36.80	40.70	160.00	4.90	6.10	5.50	38.4%	1	55
0	1	—	45.10	0.00	0.00	165.00	6.00	7.40	7.90	38.0%	7	36
4	2	42.2%	33.54	30.40	33.00	170.00	6.50	10.00	10.65	40.1%	1	196
9	2	42.4%	26.09	26.00	30.10	175.00	8.10	11.20	10.40	38.5%	2	6
7	1	41.9%	20.80	23.20	27.10	180.00	10.00	12.90	14.65	37.5%	1	50
42	16	41.3%	22.20	20.30	24.20	185.00	12.70	14.70	17.30	36.4%	2	55
60	5	40.9%	20.00	17.70	21.60	190.00	15.00	17.10	15.47	36.2%	1	97
FANG $192.13
26	1	39.8%	12.60	16.50	18.80	195.00	17.80	19.20	18.10	34.9%	1	18
184	1	38.8%	15.80	14.50	16.30	200.00	20.10	22.10	26.50	34.7%	1	69
1,878	2	37.0%	11.30	10.90	11.90	210.00	25.60	29.80	27.90	37.1%	7	59
681	1	37.0%	8.80	8.00	9.10	220.00	32.80	36.90	26.90	36.9%	1	11
563	1	37.8%	5.76	5.80	7.20	230.00	40.60	44.60	37.30	36.7%	9	9
484	7	37.2%	4.40	4.10	5.20	240.00	—	—	—	—	—	—
266	564	37.9%	3.22	3.00	4.10	250.00	—	—	—	—	—	—
6	1	39.1%	2.35	1.50	3.40	260.00	—	—	—	—	—	—
17	1	38.3%	1.70	0.95	2.35	270.00	—	—	—	—	—	—
2	1	51.6%	1.55	2.60	5.30	280.00	—	—	—	—	—	—
0	2	12.5%	6.81	0.00	0.00	290.00	—	—	—	—	—	—
180	8	42.5%	0.65	0.15	1.60	300.00	—	—	—	—	—	—
8	5	42.6%	0.90	0.00	1.25	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 March 19, 2027 expiration, the FANG put/call ratio based on open interest is 0.19 (832 puts vs 4,429 calls), and 0.12 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 March 19, 2027 is about 38.5%, 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.