HUTCHMED (China) (HCM) Options Chain
NASDAQ: HCMHealth CareBiotechnology: Pharmaceutical PreparationsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $14.10
- Put/call ratio (OI)
- 1.18
- Put/call ratio (volume)
- 0.12
- Expected move
- ±$4.12
- Open interest (C / P)
- 33 / 39
HCM options summary
The HCM options chain for the November 20, 2026 expiration lists 3 call and 3 put contracts, with 40 days until expiration. Open interest stands at 33 calls and 39 puts, a put/call ratio of 1.18, which is fairly balanced between calls and puts. At-the-money implied volatility near the $15.00 strike is 88.3%, which implies the market expects a move of about ±$4.12 (29.2%) in HUTCHMED (China) stock by expiration.
The most open interest sits at the $12.50 call (26 contracts) and the $12.50 put (31 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
HCM options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 4.25 | 1.55 | 6.40 | 10.00 | 0.00 | 4.90 | 0.85 | |||||
| 2.00 | 0.55 | 4.90 | 12.50 | 0.00 | 2.50 | 2.10 | |||||
| 0.50 | 0.00 | 2.00 | 15.00 | 0.10 | 4.90 | 1.50 | |||||
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 HCM put/call ratio?
For the November 20, 2026 expiration, the HCM put/call ratio based on open interest is 1.18 (39 puts vs 33 calls), and 0.12 based on today's volume. A ratio above 1 means more puts than calls.
What is HCM's implied volatility?
At-the-money implied volatility for HCM options expiring November 20, 2026 is about 88.3%, an annualized estimate of how much the market expects HUTCHMED (China) stock to move.
How many HCM option expiration dates are there?
HCM has 4 listed expiration dates, from Oct 16, 2026 to May 21, 2027.
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.