Helmerich & Payne (HP) Options Chain

NYSE: HPEnergyOil & Gas ProductionUSD

39.88-0.31 (-0.77%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $39.88
Put/call ratio (OI): 1.30
Put/call ratio (volume): 0.32
ATM implied volatility: 56.4%
Expected move: ±$9.71
Open interest (C / P): 2.26K / 2.94K

HP options summary

The HP options chain for the December 18, 2026 expiration lists 23 call and 18 put contracts, with 68 days until expiration. Open interest stands at 2,257 calls and 2,942 puts, a put/call ratio of 1.30, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $40.00 strike is 56.4%, which implies the market expects a move of about ±$9.71 (24.4%) in Helmerich & Payne stock by expiration.

The most open interest sits at the $35.00 call (1.13K contracts) and the $17.50 put (1.22K contracts).

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

HP options chain · December 18, 2026

HP 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	1	—	41.74	0.00	0.00	2.50	0.00	0.00	0.05	50.0%	—	0
0	2	—	39.19	0.00	0.00	5.00	0.00	0.00	0.05	50.0%	—	0
2	1	—	10.58	13.10	16.00	7.50	—	—	—	—	—	—
0	60	—	35.20	0.00	0.00	10.00	0.00	0.00	0.10	50.0%	1	0
0	3	168.0%	28.70	25.90	29.60	12.50	0.00	0.05	0.03	109.4%	2	608
0	1	—	28.00	0.00	0.00	15.00	0.00	0.10	0.03	101.6%	15	583
0	1	229.7%	14.50	23.20	27.20	17.50	0.00	0.30	0.04	102.9%	3	1,224
0	6	—	16.32	0.00	0.00	20.00	0.60	1.55	1.00	140.2%	1	322
21	1	92.8%	15.00	15.90	19.70	22.50	0.00	0.25	0.05	72.1%	12	91
63	2	54.7%	14.65	13.40	16.50	25.00	0.00	0.90	0.20	79.9%	1	21
0	1	—	14.30	0.00	0.00	27.50	0.00	2.30	0.44	89.4%	1	7
172	1	56.6%	10.16	9.10	11.70	30.00	0.00	2.40	0.45	75.5%	2	20
112	5	51.1%	12.44	6.90	9.40	32.50	0.00	2.65	1.20	63.7%	1	19
1,129	1	70.4%	7.94	5.00	7.40	35.00	0.00	3.10	1.11	53.4%	1	14
46	11	65.9%	9.40	3.10	5.70	37.50	0.80	2.95	2.00	60.2%	2	4
HP $39.88
200	10	57.3%	3.33	1.70	3.90	40.00	2.05	3.90	2.58	55.6%	2	9
83	10	67.4%	3.10	0.50	3.60	42.50	2.95	5.60	5.22	58.4%	1	4
122	10	63.0%	1.50	0.30	2.50	45.00	4.70	7.40	4.70	59.6%	—	13
102	10	55.8%	0.93	0.40	1.45	47.50	6.80	9.20	8.30	58.0%	3	3
164	1	51.7%	0.60	0.00	1.65	50.00	—	—	—	—	—	—
2	—	58.5%	2.12	0.00	1.65	52.50	—	—	—	—	—	—
25	10	53.0%	0.25	0.10	0.40	55.00	—	—	—	—	—	—
14	1	64.8%	0.20	0.05	0.85	60.00	—	—	—	—	—	—

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 HP put/call ratio?

For the December 18, 2026 expiration, the HP put/call ratio based on open interest is 1.30 (2,942 puts vs 2,257 calls), and 0.32 based on today's volume. A ratio above 1 means more puts than calls.

What is HP's implied volatility?

At-the-money implied volatility for HP options expiring December 18, 2026 is about 56.4%, an annualized estimate of how much the market expects Helmerich & Payne stock to move.

How many HP option expiration dates are there?

HP has 6 listed expiration dates, from Oct 16, 2026 to Jan 21, 2028.

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.