Eli Lilly (LLY) Options Chain

NYSE: LLYHealth CareBiotechnology: Pharmaceutical PreparationsUSD

1,179.27+9.67 (+0.83%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $1,179.27
Put/call ratio (OI): 1.36
Put/call ratio (volume): 0.81
ATM implied volatility: 37.6%
Expected move: ±$227.40
Open interest (C / P): 24.65K / 33.55K

LLY options summary

The LLY options chain for the January 15, 2027 expiration lists 118 call and 112 put contracts, with 96 days until expiration. Open interest stands at 24,651 calls and 33,548 puts, a put/call ratio of 1.36, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $1,180.00 strike is 37.6%, which implies the market expects a move of about ±$227.40 (19.3%) in Eli Lilly stock by expiration.

The most open interest sits at the $1,400.00 call (1.43K contracts) and the $850.00 put (1.75K contracts).

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

LLY options chain · January 15, 2027

LLY 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
5	1	—	670.05	828.55	841.55	320.00	0.00	0.37	0.01	89.2%	2	446
1	—	—	501.15	704.00	712.85	330.00	0.00	0.50	0.15	89.7%	2	448
0	3	—	868.90	0.00	0.00	340.00	0.00	0.46	0.40	86.9%	5	353
15	10	110.9%	796.20	822.85	840.00	350.00	0.00	4.90	0.01	113.1%	31	238
0	1	—	781.57	0.00	0.00	360.00	0.00	0.38	0.04	81.5%	1	193
8	1	—	560.89	778.95	794.75	370.00	0.00	2.62	0.03	99.0%	1	113
5	1	243.1%	765.05	864.55	882.45	380.00	0.00	4.90	2.47	105.8%	23	216
1	1	—	438.60	427.00	436.00	390.00	0.00	4.90	0.50	103.5%	2	203
93	8	101.4%	761.54	773.35	790.15	400.00	0.00	4.90	0.21	101.3%	2	255
9	1	—	646.25	627.00	634.50	410.00	0.00	0.00	1.48	50.0%	40	0
11	1	—	703.19	726.00	744.00	420.00	0.00	4.50	1.23	95.8%	1	71
9	1	—	520.76	721.15	736.70	430.00	0.00	4.90	0.30	95.0%	1	171
2	1	—	643.30	555.00	564.00	440.00	0.00	4.90	0.15	92.9%	2	47
48	10	—	497.55	558.50	573.00	450.00	0.00	4.00	4.04	88.3%	1	131
23	2	—	419.90	692.20	708.00	460.00	0.00	15.50	0.98	108.9%	18	75
0	1	—	750.00	0.00	0.00	470.00	0.00	4.90	0.06	87.2%	5	68
4	3	91.7%	669.03	694.25	712.00	480.00	0.00	4.90	1.66	85.3%	50	108
4	2	—	443.00	582.00	602.00	490.00	0.00	4.90	0.30	83.5%	2	368
21	1	86.6%	668.02	674.00	691.60	500.00	0.05	1.05	0.05	67.0%	1	546
0	1	—	398.48	0.00	0.00	510.00	0.00	4.90	0.42	80.0%	50	192
4	1	—	435.62	554.00	574.00	520.00	0.00	1.00	0.05	63.4%	51	229
0	3	—	692.58	0.00	0.00	530.00	0.00	4.90	0.04	76.7%	2	94
8	1	77.2%	629.07	635.50	648.95	540.00	0.00	4.90	0.61	75.0%	1	71
5	1	77.2%	610.05	626.15	639.10	550.00	0.05	13.60	0.31	87.9%	5	346
29	2	73.9%	597.12	616.30	628.10	560.00	0.00	4.90	0.89	71.8%	11	160
10	5	—	518.55	466.00	475.00	570.00	0.00	3.00	1.04	65.3%	12	26
11	1	167.9%	649.68	669.10	686.75	580.00	0.00	1.21	1.00	56.8%	3	326
5	1	—	340.00	568.95	578.95	590.00	0.00	1.47	0.46	56.8%	1	171
0	1	—	663.88	0.00	0.00	600.00	0.05	1.32	0.75	55.1%	8	1,584
0	2	—	615.00	0.00	0.00	620.00	0.00	1.64	0.40	53.8%	4	1,013
41	2	65.1%	532.82	537.05	549.35	640.00	0.01	1.59	0.81	51.2%	1	652
91	2	63.3%	502.52	517.40	529.75	660.00	0.14	1.57	0.90	53.6%	1	707
88	2	144.7%	575.95	583.70	599.65	670.00	0.00	1.95	0.98	54.1%	4	318
0	2	—	598.00	0.00	0.00	680.00	0.00	2.69	1.10	50.0%	3	1,245
37	1	59.9%	506.30	486.85	501.00	690.00	0.00	2.63	1.26	54.2%	2	280
507	2	58.6%	430.00	477.05	490.85	700.00	0.00	2.78	1.37	53.4%	2	1,174
160	1	58.6%	439.00	468.00	481.10	710.00	0.00	3.15	1.89	53.3%	1	137
123	1	58.3%	437.09	458.00	472.15	720.00	0.36	3.10	1.34	51.8%	2	432
157	4	129.8%	512.70	524.00	541.55	730.00	0.67	2.87	1.70	49.9%	2	184
88	9	55.5%	409.00	438.40	451.70	740.00	0.79	2.93	1.46	48.8%	5	418
372	1	55.2%	421.98	429.25	442.00	750.00	1.25	3.20	1.71	48.4%	1	457
0	2	—	472.58	0.00	0.00	760.00	1.22	3.25	2.52	47.3%	1	273
213	1	—	452.00	387.75	400.90	770.00	0.08	3.80	2.47	47.4%	1	259
59	16	53.4%	404.16	401.05	412.80	780.00	0.01	7.45	2.86	53.1%	2	521
80	2	52.3%	385.00	390.85	403.40	790.00	1.15	5.10	3.58	47.7%	2	325
279	1	51.1%	371.00	380.65	393.80	800.00	1.95	3.85	3.75	43.9%	19	1,736
122	1	114.7%	408.90	453.45	464.80	810.00	2.05	4.70	3.78	44.4%	8	301
106	11	50.1%	342.91	362.20	374.55	820.00	2.32	5.00	4.01	43.8%	2	243
57	1	55.8%	403.43	352.50	364.50	830.00	2.87	5.35	4.48	43.1%	2	228
202	1	54.6%	325.80	343.10	354.70	840.00	3.45	6.55	5.09	43.9%	3	229
321	3	53.8%	305.45	333.50	345.35	850.00	3.55	7.10	5.38	43.4%	1	1,751
118	2	53.2%	313.85	324.20	336.25	860.00	4.05	6.90	6.20	41.9%	1	184
73	3	53.0%	304.75	314.95	327.65	870.00	5.00	6.80	6.80	40.5%	1	243
115	2	51.8%	273.55	305.15	318.00	880.00	4.95	9.30	6.50	42.4%	3	649
72	1	51.7%	309.31	296.00	309.55	890.00	5.80	9.15	7.85	41.0%	1	410
574	1	50.5%	300.05	286.80	300.00	900.00	6.80	10.15	9.53	40.8%	2	924
340	2	50.0%	252.53	278.65	291.20	910.00	7.95	9.55	10.00	38.9%	3	207
83	2	48.2%	260.00	269.70	280.80	920.00	8.75	11.00	11.00	39.1%	1	361
91	6	48.4%	265.80	260.40	273.05	930.00	9.05	13.00	11.10	39.7%	4	300
126	2	47.6%	244.80	255.45	264.00	940.00	10.30	13.85	13.00	39.1%	14	793
535	1	47.4%	215.75	242.20	255.85	950.00	11.20	14.30	14.30	38.2%	1	626
118	1	46.9%	224.75	235.30	247.35	960.00	12.75	16.00	15.00	38.2%	3	257
103	7	46.2%	246.00	226.05	238.70	970.00	14.35	17.40	16.32	37.9%	3	171
182	1	45.5%	212.63	218.70	230.00	980.00	15.10	21.65	17.45	39.6%	25	329
34	5	45.1%	197.99	211.75	222.00	990.00	17.70	20.50	19.58	37.4%	25	643
855	5	44.5%	208.00	201.45	213.65	1,000.00	19.55	22.50	20.50	37.3%	8	1,654
214	2	44.3%	176.30	194.65	206.00	1,010.00	21.05	24.30	23.30	36.9%	2	321
150	3	43.5%	192.60	185.80	197.60	1,020.00	23.15	29.15	32.06	38.4%	6	183
146	1	43.7%	185.16	179.50	190.90	1,030.00	25.35	28.60	28.55	36.5%	74	159
180	2	43.1%	177.80	171.55	183.00	1,040.00	27.95	31.65	30.20	36.7%	20	1,096
826	2	42.6%	170.62	162.80	175.45	1,050.00	27.10	35.55	33.36	37.2%	22	280
152	30	42.3%	134.24	156.25	168.25	1,060.00	29.75	40.40	35.60	38.0%	8	251
142	30	42.0%	146.53	149.30	161.25	1,070.00	36.00	41.05	44.85	36.7%	19	180
200	30	41.8%	139.94	143.65	154.50	1,080.00	39.15	44.25	41.65	36.6%	2	221
17	1	41.6%	136.80	135.35	148.05	1,090.00	42.90	47.55	53.97	36.4%	1	106
1,295	3	40.7%	137.70	128.65	140.00	1,100.00	45.90	51.15	49.30	36.3%	6	510
39	6	40.8%	113.22	122.90	134.45	1,110.00	50.05	55.15	53.25	36.3%	36	89
133	1	40.4%	123.40	119.55	127.85	1,120.00	53.85	61.60	57.00	37.3%	49	114
80	1	40.5%	114.70	111.50	122.75	1,130.00	57.50	63.65	61.30	36.3%	25	132
531	19	39.8%	112.00	111.00	115.75	1,140.00	59.50	65.55	65.40	35.2%	102	280
344	11	40.4%	99.00	99.00	106.95	1,160.00	70.80	76.70	73.55	35.8%	48	265
LLY $1,179.27
268	8	39.3%	91.10	87.90	94.70	1,180.00	78.65	87.45	84.45	36.0%	39	218
1,165	304	38.9%	83.20	81.65	85.00	1,200.00	91.65	98.10	94.75	35.8%	16	599
261	35	38.9%	73.60	74.55	76.90	1,220.00	102.80	109.80	106.10	35.7%	10	115
580	25	39.6%	64.55	65.90	71.05	1,240.00	113.80	122.10	119.10	35.6%	2	118
303	53	39.7%	57.95	59.30	64.10	1,260.00	127.45	135.25	131.10	35.6%	2	107
720	22	39.7%	51.05	52.65	57.85	1,280.00	139.60	149.25	152.37	35.7%	1	146
912	51	38.0%	46.70	45.65	48.15	1,300.00	154.30	164.45	157.20	36.1%	3	31
385	6	37.9%	38.15	37.45	42.60	1,320.00	170.15	178.90	168.85	35.9%	6	42
376	4	37.7%	35.60	34.50	37.35	1,340.00	184.40	194.70	185.20	36.0%	2	22
399	3	37.6%	33.50	27.75	32.90	1,360.00	199.70	209.35	216.69	35.4%	5	10
672	36	39.5%	20.00	24.50	32.65	1,380.00	216.35	227.95	181.70	36.6%	2	15
1,432	2	39.4%	23.60	22.05	28.95	1,400.00	232.15	244.25	266.65	36.4%	1	28
568	8	38.4%	21.03	17.45	23.85	1,420.00	0.00	0.00	202.05	—	1	0
212	30	37.4%	18.30	15.20	19.50	1,440.00	267.10	279.15	264.19	36.7%	32	12
469	25	36.7%	14.60	14.20	16.00	1,460.00	285.50	297.20	290.75	37.0%	2	5
282	8	38.6%	12.53	12.60	16.60	1,480.00	0.00	0.00	246.29	—	2	0
855	6	38.5%	11.95	10.85	14.35	1,500.00	322.50	334.40	381.00	38.0%	1	1
206	3	38.2%	10.58	9.60	12.20	1,520.00	341.20	353.60	314.50	38.7%	2	3
136	9	40.6%	11.10	7.65	13.45	1,540.00	0.00	0.00	352.80	—	2	0
159	3	38.9%	7.00	5.60	10.00	1,560.00	379.60	391.15	394.25	39.3%	2	2
247	2	41.3%	8.15	4.60	11.20	1,580.00	335.95	345.05	384.70	—	2	3
668	21	38.3%	6.40	5.40	7.15	1,600.00	539.45	545.10	504.77	101.2%	—	1
195	45	39.7%	4.65	4.60	7.30	1,620.00	437.60	450.00	430.35	41.9%	1	0
78	1	39.5%	5.65	3.85	6.30	1,640.00	0.00	0.00	437.85	—	1	0
580	1	39.8%	5.20	3.00	5.65	1,660.00	0.00	0.00	400.85	—	4	0
14	5	41.1%	5.90	2.05	5.85	1,680.00	0.00	0.00	451.00	—	—	0
194	1	40.9%	4.45	1.39	5.00	1,700.00	517.60	529.85	507.51	46.3%	1	0
38	2	40.2%	3.45	1.40	4.00	1,720.00	—	—	—	—	—	—
23	2	43.1%	4.77	0.01	5.15	1,740.00	486.30	497.10	519.35	—	1	0
70	1	40.0%	3.95	0.60	2.95	1,760.00	—	—	—	—	—	—
120	1	41.2%	2.50	0.66	3.05	1,780.00	—	—	—	—	—	—
199	61	43.4%	1.96	0.48	3.70	1,800.00	0.00	0.00	533.80	—	—	0
124	3	43.1%	1.16	0.47	3.10	1,820.00	563.35	581.05	668.40	—	1	0
210	2	42.9%	1.30	0.01	2.66	1,840.00	0.00	0.00	573.95	—	—	0
2	2	43.5%	1.35	0.41	2.58	1,860.00	—	—	—	—	—	—
8	1	43.6%	1.80	0.00	2.32	1,880.00	—	—	—	—	—	—
219	198	41.8%	0.75	0.27	1.50	1,900.00	—	—	—	—	—	—

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 LLY put/call ratio?

For the January 15, 2027 expiration, the LLY put/call ratio based on open interest is 1.36 (33,548 puts vs 24,651 calls), and 0.81 based on today's volume. A ratio above 1 means more puts than calls.

What is LLY's implied volatility?

At-the-money implied volatility for LLY options expiring January 15, 2027 is about 37.6%, an annualized estimate of how much the market expects Eli Lilly stock to move.

How many LLY option expiration dates are there?

LLY has 18 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.