Ligand Pharmaceuticals (LGND) Options Chain

NASDAQ: LGNDHealth CareBiotechnology: Pharmaceutical PreparationsUSD

301.81+6.81 (+2.31%)

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

Expiration date

Expiration: Dec 17, 2027
Days to expiration: 432
Share price: $301.81
Put/call ratio (OI): 0.46
Put/call ratio (volume): 0.37
ATM implied volatility: 45.1%
Expected move: ±$148.18
Open interest (C / P): 39 / 18

LGND options summary

The LGND options chain for the December 17, 2027 expiration lists 12 call and 6 put contracts, with 432 days until expiration. Open interest stands at 39 calls and 18 puts, a put/call ratio of 0.46, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $300.00 strike is 45.1%, which implies the market expects a move of about ±$148.18 (49.1%) in Ligand Pharmaceuticals stock by expiration.

The most open interest sits at the $340.00 call (14 contracts) and the $350.00 put (9 contracts).

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

LGND options chain · December 17, 2027

LGND 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	—	58.4%	123.60	136.50	141.00	180.00	—	—	—	—	—	—
1	—	60.1%	76.48	102.00	107.00	240.00	—	—	—	—	—	—
0	—	59.4%	71.10	96.50	101.00	250.00	20.50	25.00	22.00	39.1%	—	1
0	—	59.0%	67.33	91.00	96.00	260.00	—	—	—	—	—	—
1	—	50.5%	59.50	69.50	74.50	280.00	—	—	—	—	—	—
2	2	44.7%	70.10	58.00	63.00	290.00	0.00	0.00	51.80	0.8%	1	0
0	2	—	61.87	0.00	0.00	300.00	52.50	57.50	56.30	45.1%	1	4
LGND $301.81
4	2	44.8%	62.10	50.00	55.00	310.00	0.00	0.00	59.10	—	1	0
11	6	44.2%	63.00	45.90	50.50	320.00	69.50	74.50	59.30	48.7%	4	4
4	3	44.6%	64.60	42.50	47.50	330.00	—	—	—	—	—	—
14	4	44.4%	67.80	39.00	44.00	340.00	—	—	—	—	—	—
—	—	—	—	—	—	350.00	71.50	76.50	74.60	34.6%	—	9
1	—	46.6%	30.08	26.50	31.50	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 LGND put/call ratio?

For the December 17, 2027 expiration, the LGND put/call ratio based on open interest is 0.46 (18 puts vs 39 calls), and 0.37 based on today's volume. A ratio above 1 means more puts than calls.

What is LGND's implied volatility?

At-the-money implied volatility for LGND options expiring December 17, 2027 is about 45.1%, an annualized estimate of how much the market expects Ligand Pharmaceuticals stock to move.

How many LGND option expiration dates are there?

LGND has 8 listed expiration dates, from Oct 16, 2026 to Dec 17, 2027.

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.