Icahn Enterprises L.P. (IEP) Options Chain

NASDAQ: IEPEnergyIntegrated oil CompaniesUSD

6.56-0.08 (-1.20%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 467
Share price: $6.56
Put/call ratio (OI): 0.23
Put/call ratio (volume): 0.78
ATM implied volatility: 51.4%
Expected move: ±$3.82
Open interest (C / P): 22.36K / 5.07K

IEP options summary

The IEP options chain for the January 21, 2028 expiration lists 7 call and 7 put contracts, with 467 days until expiration. Open interest stands at 22,360 calls and 5,065 puts, a put/call ratio of 0.23, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $7.50 strike is 51.4%, which implies the market expects a move of about ±$3.82 (58.2%) in Icahn Enterprises L.P. stock by expiration.

The most open interest sits at the $10.00 call (7.62K contracts) and the $7.50 put (1.91K contracts).

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

IEP options chain · January 21, 2028

IEP 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
38	1	429.7%	4.50	1.50	6.50	2.50	0.00	1.00	0.15	103.9%	1	30
412	2	103.7%	1.70	0.45	3.40	5.00	0.55	1.80	0.80	73.4%	4	1,724
IEP $6.56
7,446	65	33.4%	0.60	0.50	0.65	7.50	2.30	3.00	2.60	69.5%	32	1,911
7,622	6	46.4%	0.38	0.25	0.50	10.00	2.75	7.50	5.00	87.8%	2	341
3,119	11	56.1%	0.25	0.05	0.45	12.50	5.70	7.60	7.05	66.5%	2	651
935	5	54.7%	0.25	0.15	0.35	15.00	8.80	9.80	8.28	81.3%	23	274
2,788	2	57.9%	0.23	0.15	0.25	17.50	10.40	14.50	11.82	111.6%	8	134

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 IEP put/call ratio?

For the January 21, 2028 expiration, the IEP put/call ratio based on open interest is 0.23 (5,065 puts vs 22,360 calls), and 0.78 based on today's volume. A ratio above 1 means more puts than calls.

What is IEP's implied volatility?

At-the-money implied volatility for IEP options expiring January 21, 2028 is about 51.4%, an annualized estimate of how much the market expects Icahn Enterprises L.P. stock to move.

How many IEP option expiration dates are there?

IEP has 7 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.