Howmet Aerospace (HWM) Options Chain

NYSE: HWMIndustrialsMetal FabricationsUSD

225.26+2.70 (+1.21%)

At close: Oct 9, 4:04 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 6
Share price: $225.26
Put/call ratio (OI): 2.21
Put/call ratio (volume): 1.47
ATM implied volatility: 34.2%
Expected move: ±$9.87
Open interest (C / P): 6.21K / 13.70K

HWM options summary

The HWM options chain for the October 16, 2026 expiration lists 40 call and 41 put contracts, with 6 days until expiration. Open interest stands at 6,210 calls and 13,696 puts, a put/call ratio of 2.21, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $225.00 strike is 34.2%, which implies the market expects a move of about ±$9.87 (4.4%) in Howmet Aerospace stock by expiration.

The most open interest sits at the $240.00 call (1.48K contracts) and the $220.00 put (7.84K contracts).

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

HWM options chain · October 16, 2026

HWM 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	1	262.1%	98.00	93.20	97.00	130.00	0.00	2.15	0.01	236.7%	—	20
1	—	246.9%	96.00	88.10	92.00	135.00	0.00	0.00	0.05	50.0%	4	0
148	148	584.6%	120.35	106.90	111.00	140.00	—	—	—	—	—	—
—	—	—	—	—	—	145.00	0.00	0.00	0.05	50.0%	1	0
6	1	204.2%	80.63	73.20	77.00	150.00	0.00	0.95	0.75	157.0%	2	7
—	—	—	—	—	—	155.00	0.00	0.00	1.05	50.0%	—	0
5	4	180.1%	109.95	63.10	67.10	160.00	—	—	—	—	—	—
1	4	164.8%	105.00	58.30	62.00	165.00	0.00	0.00	1.77	50.0%	5	0
—	—	—	—	—	—	170.00	0.00	0.00	0.05	50.0%	1	0
35	1	142.1%	54.15	48.20	52.10	175.00	0.00	1.95	0.27	121.5%	4	4
—	—	—	—	—	—	180.00	0.00	1.75	0.17	107.8%	1	26
—	—	—	—	—	—	185.00	0.00	1.15	0.18	88.6%	22	22
0	1	—	67.60	0.00	0.00	190.00	0.00	1.35	0.24	81.6%	1	15
—	—	—	—	—	—	195.00	0.00	1.15	0.14	69.0%	1	39
54	1	82.1%	26.00	23.60	27.10	200.00	0.00	0.25	0.10	49.7%	1	165
—	—	—	—	—	—	202.50	0.00	1.45	0.09	57.7%	1	21
—	—	—	—	—	—	205.00	0.00	1.40	0.45	52.2%	4	5
—	—	—	—	—	—	207.50	0.00	1.30	0.73	56.8%	2	12
6	1	61.6%	15.35	13.60	17.40	210.00	0.15	0.40	0.30	36.2%	1	272
—	—	—	—	—	—	212.50	0.20	0.60	0.60	35.2%	3	12
—	—	—	—	—	—	215.00	0.45	0.95	0.73	34.9%	53	48
—	—	—	—	—	—	217.50	0.75	1.25	1.30	32.6%	14	47
90	95	43.6%	6.60	5.80	8.40	220.00	1.60	2.00	1.80	33.4%	9	7,843
—	—	—	—	—	—	222.50	2.40	2.90	2.65	33.4%	12	54
43	36	35.1%	4.20	3.80	4.50	225.00	3.60	4.00	3.80	33.2%	59	14
HWM $225.26
125	27	33.8%	3.10	2.70	3.20	227.50	4.70	5.50	5.14	34.3%	3	46
667	185	33.4%	1.95	1.60	2.25	230.00	5.40	8.00	7.30	42.1%	4	871
42	36	34.4%	1.41	0.50	1.65	232.50	7.30	9.90	11.00	43.9%	1	14
167	21	32.9%	0.92	0.55	1.00	235.00	9.40	12.70	9.85	53.0%	—	1
60	2	41.7%	0.53	0.00	1.30	237.50	—	—	—	—	—	—
1,483	50	37.5%	0.41	0.20	0.65	240.00	13.30	16.90	14.90	56.6%	1	3,971
8	1	52.8%	0.20	0.00	1.40	242.50	—	—	—	—	—	—
55	14	35.3%	0.15	0.00	0.20	245.00	—	—	—	—	—	—
621	49	46.8%	0.07	0.05	0.35	250.00	23.50	25.80	24.63	61.2%	5	15
9	1	51.7%	0.10	0.00	0.80	252.50	—	—	—	—	—	—
9	1	55.1%	0.13	0.00	0.40	255.00	28.60	31.80	24.30	56.7%	1	0
379	3	53.2%	0.08	0.00	0.35	260.00	33.60	36.70	37.10	62.1%	36	8
3	—	84.5%	0.34	0.00	2.15	265.00	—	—	—	—	—	—
492	7	59.6%	0.03	0.00	0.20	270.00	43.50	46.60	47.90	71.0%	97	18
3	—	98.4%	0.07	0.00	2.15	275.00	48.30	52.00	44.72	80.7%	3	0
450	2	80.8%	0.02	0.00	0.55	280.00	53.10	56.70	57.00	74.3%	208	31
—	—	—	—	—	—	285.00	58.10	62.00	52.72	87.8%	15	0
313	4	67.6%	0.05	0.00	0.05	290.00	63.50	66.70	67.20	95.4%	434	86
—	—	—	—	—	—	295.00	68.60	71.70	62.76	102.8%	13	0
161	2	99.8%	0.25	0.00	0.50	300.00	73.60	76.70	74.70	107.9%	24	8
281	2	124.8%	0.08	0.00	1.15	310.00	83.10	86.70	77.00	102.7%	3	1
170	1	128.0%	0.05	0.00	0.85	320.00	93.50	96.60	91.10	122.0%	3	0
44	1	161.0%	0.10	0.00	2.15	330.00	—	—	—	—	—	—
30	5	170.7%	0.50	0.00	2.15	340.00	91.50	95.40	67.76	—	1	0
0	4	50.0%	1.05	0.00	0.00	350.00	—	—	—	—	—	—
0	1	50.0%	1.60	0.00	0.00	360.00	—	—	—	—	—	—
21	1	197.4%	0.53	0.00	2.15	370.00	—	—	—	—	—	—
227	1	193.4%	1.50	0.00	1.50	380.00	—	—	—	—	—	—
0	—	50.0%	0.25	0.00	0.00	390.00	—	—	—	—	—	—
0	—	50.0%	0.40	0.00	0.00	410.00	—	—	—	—	—	—

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 HWM put/call ratio?

For the October 16, 2026 expiration, the HWM put/call ratio based on open interest is 2.21 (13,696 puts vs 6,210 calls), and 1.47 based on today's volume. A ratio above 1 means more puts than calls.

What is HWM's implied volatility?

At-the-money implied volatility for HWM options expiring October 16, 2026 is about 34.2%, an annualized estimate of how much the market expects Howmet Aerospace stock to move.

How many HWM option expiration dates are there?

HWM has 14 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.