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: Aug 20, 2027
Days to expiration: 313
Share price: $192.13
Put/call ratio (OI): 0.33
Put/call ratio (volume): 0.05
ATM implied volatility: 36.3%
Expected move: ±$64.64
Open interest (C / P): 1.54K / 507

FANG options summary

The FANG options chain for the August 20, 2027 expiration lists 11 call and 8 put contracts, with 313 days until expiration. Open interest stands at 1,544 calls and 507 puts, a put/call ratio of 0.33, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $190.00 strike is 36.3%, which implies the market expects a move of about ±$64.64 (33.6%) in Diamondback Energy stock by expiration.

The most open interest sits at the $230.00 call (1.03K contracts) and the $190.00 put (203 contracts).

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

FANG options chain · August 20, 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
1	—	50.3%	77.80	69.60	74.00	125.00	—	—	—	—	—	—
0	—	—	78.60	0.00	0.00	140.00	—	—	—	—	—	—
0	1	—	50.01	0.00	0.00	150.00	—	—	—	—	—	—
—	—	—	—	—	—	160.00	8.00	11.90	8.90	38.3%	5	200
2	—	41.4%	56.12	36.00	40.00	170.00	11.60	15.10	13.65	37.0%	—	2
—	—	—	—	—	—	180.00	16.50	19.10	19.10	36.1%	1	7
—	—	—	—	—	—	190.00	20.10	24.50	19.90	36.3%	3	203
FANG $192.13
—	—	—	—	—	—	195.00	22.50	27.00	24.00	35.8%	8	30
1	—	39.7%	30.45	20.60	24.90	200.00	25.10	29.40	26.40	35.0%	12	29
202	1	39.7%	26.40	17.00	21.30	210.00	31.10	35.20	31.90	34.1%	8	35
141	179	38.8%	13.28	13.50	17.50	220.00	37.60	41.80	37.90	33.6%	—	1
1,031	567	38.4%	12.20	10.50	14.60	230.00	—	—	—	—	—	—
1	—	39.3%	10.00	8.50	12.90	240.00	—	—	—	—	—	—
164	7	37.2%	11.40	7.60	9.60	250.00	—	—	—	—	—	—
1	1	44.0%	8.68	5.60	9.00	280.00	—	—	—	—	—	—

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 August 20, 2027 expiration, the FANG put/call ratio based on open interest is 0.33 (507 puts vs 1,544 calls), and 0.05 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 August 20, 2027 is about 36.3%, 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.