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: Mar 19, 2027
Days to expiration: 159
Share price: $1,179.27
Put/call ratio (OI): 1.54
Put/call ratio (volume): 4.16
ATM implied volatility: 38.7%
Expected move: ±$301.45
Open interest (C / P): 6.96K / 10.68K

LLY options summary

The LLY options chain for the March 19, 2027 expiration lists 93 call and 98 put contracts, with 159 days until expiration. Open interest stands at 6,955 calls and 10,680 puts, a put/call ratio of 1.54, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $1,180.00 strike is 38.7%, which implies the market expects a move of about ±$301.45 (25.6%) in Eli Lilly stock by expiration.

The most open interest sits at the $1,580.00 call (562 contracts) and the $900.00 put (833 contracts).

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

LLY options chain · March 19, 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
2	2	83.4%	752.94	736.00	754.00	440.00	0.00	2.53	1.27	65.9%	7	17
1	1	—	442.00	704.05	719.60	450.00	0.00	4.90	4.55	70.8%	2	68
—	—	—	—	—	—	460.00	0.00	4.90	1.51	69.3%	3	93
—	—	—	—	—	—	470.00	0.00	4.90	0.89	67.9%	6	20
1	—	—	414.42	674.85	691.15	480.00	0.00	1.80	0.53	57.8%	8	9
—	—	—	—	—	—	490.00	0.00	1.47	0.95	55.2%	16	55
3	2	72.4%	651.00	678.25	690.90	500.00	0.00	1.54	0.82	54.3%	2	44
—	—	—	—	—	—	520.00	0.00	1.91	0.83	53.4%	1	36
—	—	—	—	—	—	530.00	0.12	2.01	0.95	53.0%	17	23
—	—	—	—	—	—	540.00	0.00	2.35	1.07	52.5%	17	18
—	—	—	—	—	—	550.00	0.00	2.08	2.35	50.6%	18	93
0	1	—	605.20	0.00	0.00	560.00	0.00	2.83	2.50	51.6%	18	24
1	—	66.5%	650.20	610.70	622.45	570.00	0.57	2.37	1.42	50.7%	5	5
—	—	—	—	—	—	580.00	0.22	2.53	1.53	53.8%	1	137
—	—	—	—	—	—	590.00	0.47	2.85	1.59	53.7%	17	62
0	1	—	613.80	0.00	0.00	600.00	0.56	3.05	1.75	53.1%	19	182
0	1	—	618.02	0.00	0.00	620.00	0.37	4.60	1.90	54.6%	2	211
3	1	—	399.48	507.00	520.80	640.00	1.59	3.40	2.09	49.5%	1	33
7	1	—	579.20	497.80	512.20	660.00	1.61	4.20	2.85	49.1%	1	124
20	4	58.5%	516.75	513.65	526.70	670.00	1.82	3.70	2.89	46.9%	2	47
0	4	—	602.84	0.00	0.00	680.00	1.82	4.65	3.16	47.8%	403	255
11	2	75.3%	438.00	513.35	528.80	690.00	1.83	6.20	3.08	49.4%	2	42
16	7	55.6%	484.55	485.05	496.85	700.00	2.61	4.35	4.01	45.0%	3	242
8	3	54.9%	477.67	475.55	487.35	710.00	0.75	11.80	4.55	54.5%	4	50
0	1	—	265.55	0.00	0.00	720.00	3.20	7.30	5.12	47.7%	2	147
9	6	53.3%	310.25	449.30	462.25	730.00	2.31	7.25	5.30	46.5%	601	678
0	—	—	292.59	0.00	0.00	740.00	3.90	7.20	4.95	45.3%	3	98
37	4	53.7%	452.77	431.95	445.20	750.00	2.43	9.30	5.67	46.9%	1	185
2	1	—	247.50	293.60	307.85	760.00	3.05	10.15	7.15	46.7%	1	67
10	1	36.5%	465.05	395.05	412.90	770.00	5.25	9.15	7.80	44.4%	3	27
3	2	53.4%	426.00	405.90	419.35	780.00	1.95	16.55	8.15	50.5%	3	209
0	8	—	455.41	0.00	0.00	790.00	6.35	10.25	8.28	43.4%	1	36
0	8	—	446.47	0.00	0.00	800.00	6.95	11.05	9.01	43.1%	2	407
7	7	53.2%	380.98	382.25	394.30	810.00	7.70	11.80	9.86	42.8%	1	104
0	3	—	380.52	0.00	0.00	820.00	8.45	12.70	10.62	42.5%	1	77
36	21	52.6%	334.49	364.00	377.35	830.00	9.00	13.60	11.98	42.1%	5	115
0	1	—	252.28	0.00	0.00	840.00	9.95	14.55	12.45	41.8%	1	115
56	1	88.2%	356.00	426.15	438.05	850.00	10.35	15.45	13.43	41.4%	1	158
71	21	50.9%	308.53	337.45	350.80	860.00	11.90	16.70	15.80	41.2%	1	108
8	1	49.8%	327.42	328.95	341.25	870.00	13.40	17.65	15.30	40.8%	2	85
23	1	49.3%	294.79	320.30	332.60	880.00	14.10	17.45	17.58	39.5%	5	107
20	2	49.5%	326.84	311.90	325.30	890.00	15.15	20.50	18.55	40.4%	10	264
61	2	48.5%	291.40	304.10	316.00	900.00	16.70	20.15	21.00	39.0%	106	833
17	4	39.3%	279.88	278.10	291.80	910.00	18.10	21.40	20.67	38.6%	10	98
12	2	39.5%	263.63	271.15	284.20	920.00	19.50	23.20	25.30	38.5%	1	208
32	1	47.6%	265.25	278.70	292.00	930.00	21.25	24.95	24.57	38.4%	3	111
10	2	39.6%	330.11	255.25	268.80	940.00	22.00	28.80	25.20	39.3%	12	141
64	1	46.8%	240.00	262.75	276.00	950.00	24.45	29.20	31.60	38.3%	4	202
0	1	—	281.75	0.00	0.00	960.00	26.85	30.95	30.64	38.0%	16	134
19	1	45.9%	235.75	247.45	260.00	970.00	28.50	34.25	35.95	38.3%	4	256
51	2	45.6%	263.60	239.90	252.50	980.00	31.80	35.10	34.00	37.5%	8	207
24	1	45.3%	237.65	232.75	245.20	990.00	33.60	39.55	41.95	38.3%	2	184
78	2	44.4%	214.00	225.50	236.30	1,000.00	36.40	40.60	38.00	37.4%	11	239
36	1	44.7%	230.50	218.80	230.55	1,010.00	38.70	43.75	43.16	37.5%	4	174
36	5	39.6%	232.17	201.70	211.35	1,020.00	41.50	48.10	48.47	38.0%	8	213
20	6	44.3%	213.88	205.10	216.85	1,030.00	44.40	49.50	46.96	37.2%	1	161
62	2	43.8%	178.26	198.25	209.25	1,040.00	47.45	53.20	55.05	37.3%	2	215
23	2	43.6%	172.50	191.85	202.85	1,050.00	50.60	56.35	54.78	37.2%	4	70
52	30	43.4%	178.30	185.70	196.20	1,060.00	53.95	60.05	58.63	37.2%	2	128
31	2	43.2%	160.24	179.70	189.90	1,070.00	58.25	62.40	61.10	36.6%	25	108
74	1	43.0%	197.19	173.20	183.60	1,080.00	60.70	66.20	65.15	36.5%	4	126
153	4	42.6%	153.22	161.40	171.35	1,100.00	68.45	74.85	73.47	36.6%	2	653
71	7	42.3%	133.00	150.35	159.70	1,120.00	76.40	82.70	80.00	36.3%	5	161
83	4	42.0%	120.58	139.65	148.80	1,140.00	86.15	91.40	88.62	36.0%	2	358
157	1	41.8%	134.31	129.60	138.45	1,160.00	94.75	102.65	107.95	36.4%	7	157
LLY $1,179.27
106	10	41.3%	126.00	120.00	127.80	1,180.00	105.55	112.90	107.60	36.2%	2	99
460	1	41.2%	111.10	111.25	118.95	1,200.00	114.95	126.50	120.27	37.0%	10	192
175	2	40.9%	103.75	102.65	109.70	1,220.00	125.95	134.60	132.11	35.8%	2	98
135	3	40.4%	96.70	93.50	100.65	1,240.00	138.55	145.90	144.18	35.5%	6	35
247	4	40.9%	90.82	87.30	94.90	1,260.00	146.80	162.75	154.35	36.8%	4	88
174	6	40.8%	78.74	78.35	87.80	1,280.00	163.40	174.10	171.65	36.1%	1	33
251	10	39.7%	75.80	71.75	78.00	1,300.00	176.60	187.05	195.40	35.8%	2	31
78	2	40.3%	68.80	66.35	73.90	1,320.00	190.40	199.30	203.90	35.1%	2	3
116	3	40.2%	62.74	60.75	68.05	1,340.00	204.45	213.15	217.30	34.8%	2	25
84	23	40.2%	56.84	56.45	62.65	1,360.00	219.15	228.95	219.72	35.1%	2	4
215	2	39.6%	48.40	51.10	56.35	1,380.00	195.35	206.30	265.60	17.3%	6	3
326	2	40.6%	49.99	44.40	54.40	1,400.00	249.75	260.25	270.55	35.0%	4	10
199	3	40.0%	41.25	42.30	48.55	1,420.00	265.65	276.75	278.21	35.1%	2	8
266	1	40.0%	36.40	37.10	44.70	1,440.00	338.20	351.75	449.75	54.3%	1	0
243	3	40.1%	33.80	33.40	41.35	1,460.00	0.00	0.00	246.87	—	2	0
104	1	39.6%	32.65	32.00	36.80	1,480.00	266.75	279.20	331.60	—	2	2
419	2	39.8%	30.00	29.40	34.25	1,500.00	332.55	344.35	327.60	35.0%	2	23
82	2	39.9%	28.90	25.40	31.55	1,520.00	0.00	0.00	329.30	—	2	0
68	1	39.9%	24.85	24.65	28.90	1,540.00	368.00	380.10	360.15	35.1%	2	1
171	3	40.0%	23.49	21.30	26.60	1,560.00	0.00	0.00	363.94	—	20	0
562	2	40.0%	22.67	16.10	24.50	1,580.00	404.50	417.05	401.00	35.5%	5	6
126	2	41.4%	19.78	17.60	24.95	1,600.00	0.00	0.00	397.15	—	1	0
42	34	41.5%	17.96	16.55	23.10	1,620.00	442.10	454.15	503.42	35.7%	1	2
80	12	41.1%	17.53	14.80	20.65	1,640.00	—	—	—	—	—	—
97	4	40.4%	16.52	13.55	17.80	1,660.00	480.15	491.95	520.75	36.0%	2	3
58	2	40.6%	13.23	10.95	16.60	1,680.00	0.00	0.00	459.95	—	1	0
99	7	41.1%	11.10	10.65	15.85	1,700.00	0.00	0.00	486.89	—	1	0
95	1	41.9%	13.00	5.80	15.75	1,720.00	538.70	550.85	523.97	37.8%	2	0
35	3	41.0%	14.80	5.20	13.20	1,740.00	0.00	0.00	517.15	—	1	0
75	1	41.4%	13.55	6.05	12.55	1,760.00	577.60	590.00	567.61	38.7%	1	0
43	2	41.5%	13.98	4.45	11.70	1,780.00	622.00	640.70	564.00	53.5%	1	0
28	2	41.8%	9.85	3.55	11.05	1,800.00	642.00	661.05	644.40	54.5%	1	0
57	2	41.8%	7.15	4.90	10.05	1,820.00	564.70	577.75	667.94	—	1	0
78	1	42.2%	5.40	4.25	9.65	1,840.00	0.00	0.00	629.11	—	—	0
7	10	42.5%	17.90	2.80	9.20	1,860.00	—	—	—	—	—	—
8	1	43.6%	11.16	0.95	9.55	1,880.00	—	—	—	—	—	—
25	1	42.5%	5.30	3.10	7.70	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 March 19, 2027 expiration, the LLY put/call ratio based on open interest is 1.54 (10,680 puts vs 6,955 calls), and 4.16 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 March 19, 2027 is about 38.7%, 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.