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: Jun 17, 2027
Days to expiration: 250
Share price: $192.13
Put/call ratio (OI): 0.59
Put/call ratio (volume): 0.86
ATM implied volatility: 37.2%
Expected move: ±$59.17
Open interest (C / P): 4.42K / 2.62K

FANG options summary

The FANG options chain for the June 17, 2027 expiration lists 23 call and 26 put contracts, with 250 days until expiration. Open interest stands at 4,425 calls and 2,617 puts, a put/call ratio of 0.59, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $190.00 strike is 37.2%, which implies the market expects a move of about ±$59.17 (30.8%) in Diamondback Energy stock by expiration.

The most open interest sits at the $250.00 call (1.07K contracts) and the $170.00 put (880 contracts).

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

FANG options chain · June 17, 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
—	—	—	—	—	—	90.00	0.15	3.40	1.18	60.1%	5	6
—	—	—	—	—	—	95.00	0.00	0.00	1.35	12.5%	—	0
—	—	—	—	—	—	100.00	0.10	1.50	0.90	50.9%	3	9
—	—	—	—	—	—	105.00	0.25	1.50	0.90	47.6%	11	27
—	—	—	—	—	—	110.00	0.65	1.85	1.20	46.7%	16	22
—	—	—	—	—	—	115.00	1.00	2.15	2.60	45.3%	—	2
0	—	—	83.70	0.00	0.00	120.00	1.35	2.40	1.80	43.4%	13	98
—	—	—	—	—	—	125.00	1.65	3.10	2.20	43.4%	8	13
—	—	—	—	—	—	130.00	2.10	3.30	3.72	41.0%	1	81
—	—	—	—	—	—	135.00	3.00	3.90	4.02	40.1%	1	10
—	—	—	—	—	—	140.00	3.80	4.60	4.05	39.2%	1	8
4	2	74.3%	53.70	66.10	70.50	145.00	4.30	5.60	6.10	38.9%	3	20
3	4	69.7%	51.00	61.10	65.50	150.00	5.00	7.10	7.72	39.4%	5	41
—	—	—	—	—	—	155.00	5.60	7.70	6.50	37.5%	5	354
4	4	60.4%	45.60	51.00	55.10	160.00	6.80	10.40	10.10	39.8%	20	318
0	1	—	46.65	0.00	0.00	165.00	8.30	10.60	12.35	36.7%	1	24
6	1	41.7%	30.52	33.30	37.40	170.00	10.10	13.00	12.00	37.6%	1	880
13	9	40.4%	37.30	30.20	33.90	175.00	11.80	14.70	12.40	36.8%	7	127
15	1	40.7%	40.20	27.40	31.40	180.00	13.70	17.20	19.00	37.2%	1	60
39	2	56.9%	19.50	36.50	41.00	185.00	16.20	18.60	18.97	35.5%	1	324
48	5	39.8%	27.21	22.60	26.10	190.00	18.40	20.70	23.20	34.6%	1	110
FANG $192.13
32	6	39.6%	22.47	20.20	23.80	195.00	21.10	23.30	26.70	34.3%	2	30
435	2	38.7%	15.75	18.50	21.20	200.00	23.00	26.80	22.00	35.1%	31	50
129	1	39.0%	14.15	14.40	17.80	210.00	29.80	32.70	28.20	34.3%	2	3
240	3	37.9%	9.40	11.20	14.10	220.00	0.00	0.00	29.60	—	—	0
1,019	4	38.7%	10.50	8.50	12.00	230.00	—	—	—	—	—	—
860	3	36.4%	10.42	6.40	8.60	240.00	—	—	—	—	—	—
1,067	5	38.0%	6.45	5.00	7.70	250.00	—	—	—	—	—	—
49	18	39.4%	9.00	3.20	6.90	260.00	—	—	—	—	—	—
0	1	6.3%	9.15	0.00	0.00	270.00	—	—	—	—	—	—
249	2	37.8%	6.24	2.60	4.00	280.00	—	—	—	—	—	—
74	71	37.4%	2.46	1.95	3.10	290.00	—	—	—	—	—	—
66	17	37.1%	1.99	1.70	2.40	300.00	0.00	0.00	97.50	—	13	0
73	15	36.9%	1.60	1.05	1.85	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 June 17, 2027 expiration, the FANG put/call ratio based on open interest is 0.59 (2,617 puts vs 4,425 calls), and 0.86 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 June 17, 2027 is about 37.2%, 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.