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: Sep 17, 2027
Days to expiration: 341
Share price: $225.26
Put/call ratio (OI): 0.42
Put/call ratio (volume): 1.08
ATM implied volatility: 39.5%
Expected move: ±$86.00
Open interest (C / P): 470 / 199

HWM options summary

The HWM options chain for the September 17, 2027 expiration lists 29 call and 21 put contracts, with 341 days until expiration. Open interest stands at 470 calls and 199 puts, a put/call ratio of 0.42, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $230.00 strike is 39.5%, which implies the market expects a move of about ±$86.00 (38.2%) in Howmet Aerospace stock by expiration.

The most open interest sits at the $270.00 call (93 contracts) and the $145.00 put (50 contracts).

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

HWM options chain · September 17, 2027

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
2	—	61.5%	120.60	114.00	118.50	115.00	—	—	—	—	—	—
2	2	60.4%	115.00	109.50	114.40	120.00	—	—	—	—	—	—
1	—	55.9%	107.00	96.50	101.00	135.00	1.40	5.00	2.40	46.8%	—	1
—	—	—	—	—	—	140.00	2.45	5.60	2.26	45.9%	—	1
1	—	53.8%	92.95	88.00	92.90	145.00	2.60	6.80	5.52	46.2%	—	50
—	—	—	—	—	—	150.00	3.80	7.00	3.60	44.1%	—	1
1	—	51.6%	109.20	80.10	84.50	155.00	—	—	—	—	—	—
—	—	—	—	—	—	160.00	5.20	9.00	8.45	43.0%	1	2
—	—	—	—	—	—	165.00	5.80	10.00	9.30	42.3%	1	2
1	—	52.5%	84.11	68.80	73.00	170.00	6.80	11.00	9.20	41.4%	1	3
1	—	51.8%	72.90	65.00	69.50	175.00	8.00	12.00	11.25	40.4%	1	1
23	4	51.0%	69.30	61.20	66.00	180.00	9.20	13.30	11.88	39.8%	10	10
6	10	49.9%	66.00	57.50	62.40	185.00	10.50	14.70	13.30	39.2%	—	1
34	2	49.1%	60.00	54.50	59.00	190.00	11.90	16.20	13.70	38.6%	30	36
10	12	48.7%	59.70	51.10	56.00	195.00	13.00	18.00	14.50	38.3%	50	50
9	1	47.1%	49.00	48.00	52.20	200.00	15.00	19.50	18.20	37.4%	1	5
3	2	46.8%	50.60	42.10	47.00	210.00	18.50	23.50	25.26	36.6%	3	6
12	1	45.6%	42.60	37.00	41.50	220.00	23.00	28.00	26.50	35.8%	1	3
HWM $225.26
41	1	44.6%	40.20	32.00	36.50	230.00	28.00	32.50	28.90	34.4%	1	11
6	1	43.7%	29.50	27.70	32.00	240.00	33.50	38.00	36.60	33.7%	1	2
4	2	43.0%	29.78	23.50	28.00	250.00	39.50	44.00	45.20	33.0%	6	8
22	1	42.4%	23.20	20.00	24.40	260.00	45.50	50.50	34.74	32.3%	2	4
93	4	42.2%	22.80	16.60	21.50	270.00	—	—	—	—	—	—
45	32	41.4%	19.10	14.00	18.40	280.00	—	—	—	—	—	—
—	—	—	—	—	—	290.00	68.00	72.50	51.30	30.0%	2	1
6	1	40.6%	18.90	10.20	13.70	300.00	—	—	—	—	—	—
5	1	40.1%	14.77	8.40	11.70	310.00	—	—	—	—	—	—
5	1	41.2%	10.60	6.90	11.00	320.00	94.00	98.50	76.76	29.1%	—	1
14	10	41.0%	7.10	5.60	9.50	330.00	—	—	—	—	—	—
21	10	40.5%	6.30	4.40	8.10	340.00	—	—	—	—	—	—
8	1	40.0%	8.60	3.50	6.80	350.00	—	—	—	—	—	—
80	1	40.5%	9.95	2.65	6.20	360.00	—	—	—	—	—	—
12	2	40.0%	8.55	2.50	5.20	370.00	—	—	—	—	—	—
2	1	41.6%	3.10	0.95	4.10	400.00	—	—	—	—	—	—

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 September 17, 2027 expiration, the HWM put/call ratio based on open interest is 0.42 (199 puts vs 470 calls), and 1.08 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 September 17, 2027 is about 39.5%, 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.