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: Jan 21, 2028
Days to expiration: 468
Share price: $39.88
Put/call ratio (OI): 0.26
Put/call ratio (volume): 0.22
ATM implied volatility: 56.3%
Expected move: ±$25.44
Open interest (C / P): 1.07K / 276

HP options summary

The HP options chain for the January 21, 2028 expiration lists 18 call and 16 put contracts, with 468 days until expiration. Open interest stands at 1,073 calls and 276 puts, a put/call ratio of 0.26, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $40.00 strike is 56.3%, which implies the market expects a move of about ±$25.44 (63.8%) in Helmerich & Payne stock by expiration.

The most open interest sits at the $50.00 call (192 contracts) and the $20.00 put (98 contracts).

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

HP options chain · January 21, 2028

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	2	52.0%	26.10	25.00	30.00	12.50	0.00	0.00	0.55	25.0%	1	0
0	1	—	22.24	0.00	0.00	15.00	0.00	3.20	1.50	82.0%	1	11
0	2	—	23.90	0.00	0.00	17.50	0.00	1.90	0.55	60.1%	4	5
50	7	54.4%	23.00	19.00	23.00	20.00	0.00	1.30	0.70	57.2%	1	98
92	1	52.7%	16.30	17.00	20.90	22.50	0.75	2.85	0.80	55.5%	1	6
155	1	80.2%	12.84	18.30	22.00	25.00	0.00	3.70	2.00	66.1%	3	17
0	3	—	16.55	0.00	0.00	27.50	0.00	0.00	2.17	6.3%	9	0
141	1	63.6%	17.80	11.80	15.50	30.00	0.70	4.80	5.60	57.6%	1	2
174	2	61.8%	12.50	10.50	14.00	32.50	1.85	6.00	4.20	57.6%	1	4
31	3	59.5%	16.10	9.20	12.50	35.00	3.00	7.00	4.52	55.5%	3	9
59	8	59.8%	14.20	8.00	11.50	37.50	4.20	8.00	5.40	53.1%	5	6
HP $39.88
46	2	59.6%	9.95	6.80	10.50	40.00	5.20	9.50	11.70	53.1%	1	3
59	1	58.8%	7.74	5.00	9.50	42.50	8.60	13.50	13.20	52.8%	4	23
0	354	3.1%	8.38	0.00	0.00	45.00	8.10	12.50	11.60	51.5%	2	13
18	2	59.0%	7.69	3.50	8.00	47.50	0.00	0.00	12.24	—	2	0
192	12	57.1%	6.80	3.00	7.00	50.00	9.90	14.50	18.65	42.4%	53	79
20	1	57.8%	3.40	1.50	6.00	55.00	—	—	—	—	—	—
36	20	60.4%	2.67	1.50	5.50	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 January 21, 2028 expiration, the HP put/call ratio based on open interest is 0.26 (276 puts vs 1,073 calls), and 0.22 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 January 21, 2028 is about 56.3%, 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.