Helmerich & Payne (HP) Options Chain

NYSE: HPEnergyOil & Gas DrillingUSD

39.88-0.31 (-0.77%)

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

Expiration date

Expiration: Mar 19, 2027
Days to expiration: 159
Share price: $39.88
Put/call ratio (OI): 0.29
Put/call ratio (volume): 0.34
ATM implied volatility: 58.7%
Expected move: ±$15.44
Open interest (C / P): 268 / 78

HP options summary

The HP options chain for the March 19, 2027 expiration lists 16 call and 12 put contracts, with 159 days until expiration. Open interest stands at 268 calls and 78 puts, a put/call ratio of 0.29, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $40.00 strike is 58.7%, which implies the market expects a move of about ±$15.44 (38.7%) in Helmerich & Payne stock by expiration.

The most open interest sits at the $30.00 call (79 contracts) and the $37.50 put (23 contracts).

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

HP options chain · March 19, 2027

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
—	—	—	—	—	—	17.50	0.00	0.45	0.10	73.0%	—	1
—	—	—	—	—	—	20.00	0.00	2.40	0.49	95.4%	—	1
0	2	—	15.09	0.00	0.00	22.50	—	—	—	—	—	—
0	2	—	12.99	0.00	0.00	25.00	0.15	0.85	0.50	54.0%	1	5
0	10	—	15.69	0.00	0.00	27.50	0.05	3.00	1.40	65.3%	6	11
79	1	55.3%	11.08	10.30	12.60	30.00	0.00	1.80	1.75	58.7%	6	17
2	1	54.9%	8.80	8.00	11.40	32.50	0.10	3.60	2.00	70.4%	1	6
2	1	62.8%	7.10	6.30	8.90	35.00	0.95	4.00	3.40	62.6%	1	9
37	1	59.5%	9.10	4.60	7.30	37.50	1.75	4.70	3.70	57.3%	1	23
HP $39.88
6	1	59.7%	7.60	3.10	6.20	40.00	3.10	6.10	2.60	57.6%	—	1
9	8	59.5%	3.60	2.50	5.20	42.50	4.60	7.80	3.50	59.3%	—	1
63	26	58.8%	3.20	1.55	4.30	45.00	6.20	9.00	4.50	54.8%	—	3
8	1	65.7%	2.00	0.75	4.30	47.50	—	—	—	—	—	—
45	10	61.9%	1.60	0.25	3.30	50.00	0.00	0.00	14.30	—	7	0
4	1	67.3%	1.20	0.05	3.30	52.50	—	—	—	—	—	—
3	1	63.1%	1.74	0.05	2.45	55.00	—	—	—	—	—	—
4	1	56.4%	1.55	0.00	2.50	60.00	—	—	—	—	—	—
6	1	57.5%	0.49	0.00	0.90	65.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the HP put/call ratio based on open interest is 0.29 (78 puts vs 268 calls), and 0.34 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 March 19, 2027 is about 58.7%, 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.