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 21, 2028
Days to expiration: 468
Share price: $1,179.27
Put/call ratio (OI): 1.13
Put/call ratio (volume): 1.01
ATM implied volatility: 38.7%
Expected move: ±$517.11
Open interest (C / P): 7.33K / 8.29K

LLY options summary

The LLY options chain for the January 21, 2028 expiration lists 112 call and 110 put contracts, with 468 days until expiration. Open interest stands at 7,329 calls and 8,295 puts, a put/call ratio of 1.13, which is fairly balanced between calls and puts. At-the-money implied volatility near the $1,180.00 strike is 38.7%, which implies the market expects a move of about ±$517.11 (43.8%) in Eli Lilly stock by expiration.

The most open interest sits at the $1,300.00 call (756 contracts) and the $450.00 put (715 contracts).

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

LLY options chain · January 21, 2028

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
173	1	71.8%	858.92	826.00	844.75	360.00	0.00	3.15	1.80	52.3%	1	374
14	8	71.6%	900.00	818.00	835.50	370.00	1.16	3.15	2.23	51.1%	2	152
12	1	70.3%	830.00	808.00	826.00	380.00	1.36	3.35	2.19	50.5%	2	158
2	1	47.7%	599.00	772.00	792.00	390.00	0.92	3.60	3.55	50.0%	1	483
5	4	69.3%	791.55	790.00	808.00	400.00	0.75	3.00	3.16	47.5%	9	55
1	1	—	630.45	734.00	752.00	410.00	1.51	11.50	3.65	53.2%	3	65
—	—	—	—	—	—	420.00	1.29	4.90	3.98	49.4%	10	50
1	—	51.2%	470.15	738.00	756.00	430.00	2.38	5.10	3.66	48.7%	18	224
0	2	66.3%	743.82	754.00	770.50	440.00	2.37	4.85	4.70	47.3%	1	37
5	1	65.2%	745.00	744.00	761.00	450.00	2.30	5.50	4.30	47.4%	1	715
0	20	—	490.53	0.00	0.00	460.00	0.00	0.00	6.70	12.5%	2	0
0	1	—	651.50	589.00	595.00	470.00	3.25	12.30	5.01	53.5%	5	14
—	—	—	—	—	—	480.00	3.60	6.05	4.87	45.3%	4	23
0	1	—	638.40	575.00	581.50	490.00	3.30	7.40	6.95	46.1%	2	33
60	8	61.9%	689.72	698.00	716.00	500.00	3.50	8.35	7.30	46.2%	1	136
6	3	61.6%	665.53	690.00	707.00	510.00	4.30	13.10	6.95	50.0%	10	6
20	2	59.5%	683.95	680.00	694.00	520.00	1.02	13.35	8.80	49.2%	1	79
0	2	—	441.53	0.00	0.00	530.00	9.25	17.70	19.85	51.6%	10	95
0	1	—	710.00	0.00	0.00	540.00	5.45	14.35	9.50	48.0%	4	35
23	1	58.3%	651.02	654.00	668.00	550.00	5.35	11.65	8.54	44.8%	1	23
27	1	58.3%	600.35	646.00	660.00	560.00	5.95	17.45	10.18	48.4%	1	46
3	2	—	531.43	510.00	517.00	570.00	0.00	0.00	10.55	12.5%	2	0
1	1	—	242.00	507.00	513.90	580.00	0.00	0.00	18.65	12.5%	1	0
9	1	87.9%	687.43	692.00	710.00	590.00	4.00	18.55	16.82	46.2%	1	8
11	1	55.8%	588.00	610.00	623.85	600.00	9.15	12.30	12.00	40.9%	1	50
24	1	85.4%	625.00	669.95	684.00	620.00	0.00	0.00	17.55	12.5%	1	0
32	6	52.4%	394.00	570.00	586.50	630.00	14.75	20.35	20.10	43.6%	1	28
13	10	52.2%	385.32	562.00	578.50	640.00	14.25	21.10	25.25	43.2%	1	6
0	1	—	552.02	0.00	0.00	650.00	0.00	0.00	20.08	12.5%	2	0
10	2	81.4%	608.00	635.95	650.05	660.00	0.00	0.00	19.19	12.5%	1	0
9	10	80.6%	590.00	627.95	642.00	670.00	0.00	0.00	22.99	12.5%	1	0
0	1	—	599.00	0.00	0.00	680.00	17.55	27.05	27.80	42.7%	1	12
0	1	—	421.49	0.00	0.00	690.00	21.40	27.95	34.20	42.2%	1	40
27	1	51.9%	548.50	526.00	540.00	700.00	20.20	22.30	22.25	38.6%	2	172
0	1	—	446.98	0.00	0.00	710.00	19.75	25.90	27.80	39.5%	1	93
30	5	44.1%	369.70	482.00	498.00	720.00	21.05	24.40	22.75	38.0%	2	98
13	1	76.0%	531.04	580.00	594.00	730.00	22.40	29.15	30.93	39.3%	2	5
4	1	—	315.48	360.00	378.00	740.00	23.80	30.75	26.15	39.1%	8	310
28	1	50.6%	490.00	487.80	500.00	750.00	25.20	32.40	30.13	38.9%	1	583
33	6	50.3%	468.89	480.00	492.00	760.00	26.50	34.20	37.56	38.8%	1	20
0	1	—	342.00	0.00	0.00	770.00	29.55	44.00	42.45	41.6%	2	14
17	1	57.5%	429.15	486.00	506.00	780.00	28.90	37.90	34.92	38.5%	1	116
11	1	57.5%	423.90	480.00	500.00	790.00	31.65	39.65	34.75	38.3%	2	14
87	1	51.1%	440.15	448.00	462.00	800.00	34.90	38.60	36.10	37.0%	1	207
16	1	50.7%	411.99	441.80	454.00	810.00	30.00	44.85	41.86	38.3%	2	15
15	1	50.5%	436.00	433.70	447.20	820.00	37.35	47.00	48.10	38.2%	1	171
0	1	—	529.82	0.00	0.00	830.00	38.75	49.45	46.10	38.1%	1	21
22	3	49.8%	423.48	419.00	432.00	840.00	41.55	50.75	48.00	37.6%	1	69
49	2	49.9%	418.00	410.00	426.00	850.00	42.80	53.20	48.32	37.5%	1	139
0	1	—	439.00	0.00	0.00	860.00	46.10	55.80	51.65	37.4%	1	77
7	1	49.4%	392.15	397.00	412.00	870.00	49.15	58.55	57.00	37.3%	5	22
27	8	48.9%	380.20	390.00	404.00	880.00	51.05	61.30	57.10	37.2%	10	16
18	4	48.9%	371.70	382.15	398.00	890.00	53.00	63.90	57.50	37.1%	2	28
107	1	48.3%	373.07	376.00	390.00	900.00	55.65	66.75	62.92	37.0%	2	556
34	1	48.3%	345.00	370.00	384.00	910.00	60.35	69.55	66.00	36.8%	13	50
48	1	48.2%	387.50	362.00	378.00	920.00	60.25	72.50	69.34	36.7%	4	86
18	1	48.1%	330.18	356.00	372.00	930.00	62.05	75.00	68.00	36.4%	1	80
70	1	47.6%	374.25	350.00	364.00	940.00	78.65	87.65	103.50	38.7%	14	29
53	1	47.5%	346.50	343.00	358.00	950.00	72.15	80.70	76.15	36.0%	3	264
22	1	47.4%	337.09	338.00	352.00	960.00	75.40	83.70	87.40	35.8%	1	7
16	4	62.3%	409.00	404.40	420.00	970.00	77.40	88.35	88.46	36.0%	1	10
25	1	46.7%	314.00	326.00	338.30	980.00	80.40	90.55	90.20	35.6%	1	11
0	2	—	354.15	0.00	0.00	990.00	84.65	95.80	100.00	35.9%	30	23
442	6	46.5%	315.00	314.00	327.15	1,000.00	88.15	96.15	92.17	35.0%	4	278
23	10	46.0%	294.65	308.00	319.70	1,010.00	92.45	100.90	102.00	35.2%	5	32
0	3	—	380.00	0.00	0.00	1,020.00	94.90	106.90	106.00	35.5%	1	18
35	6	45.8%	282.95	296.00	308.55	1,030.00	99.95	108.50	116.55	34.9%	5	57
246	2	45.8%	292.85	292.80	303.40	1,040.00	0.00	0.00	115.45	1.6%	1	0
224	6	45.5%	271.93	287.00	297.10	1,050.00	107.25	118.15	116.50	35.0%	9	114
22	8	45.5%	266.91	280.95	292.30	1,060.00	110.55	124.00	127.00	35.3%	2	231
0	1	—	360.70	0.00	0.00	1,070.00	115.05	126.55	116.45	34.8%	10	27
19	1	45.3%	248.85	270.40	282.00	1,080.00	119.00	130.90	133.23	34.7%	2	31
464	2	44.8%	267.00	259.85	270.25	1,100.00	130.00	136.05	142.25	33.8%	2	217
65	5	44.7%	243.00	248.75	260.65	1,120.00	136.40	147.00	141.23	33.9%	10	53
64	1	44.5%	243.18	239.35	250.95	1,140.00	146.90	156.50	161.40	33.7%	1	78
53	1	44.2%	233.05	229.90	241.10	1,160.00	155.90	165.75	149.42	33.3%	5	135
LLY $1,179.27
41	1	44.1%	229.30	220.10	232.60	1,180.00	166.90	177.10	181.00	33.3%	1	12
235	3	43.8%	201.13	211.80	222.95	1,200.00	177.05	187.75	194.75	33.1%	1	262
40	1	43.5%	211.00	202.00	213.60	1,220.00	0.00	0.00	175.73	—	1	0
56	4	43.5%	186.03	192.95	206.45	1,240.00	199.40	211.65	221.35	33.1%	3	8
45	2	43.1%	171.30	184.50	197.35	1,260.00	210.75	221.60	250.00	32.5%	1	4
60	1	42.9%	179.40	176.10	189.15	1,280.00	221.90	232.75	247.05	32.2%	1	4
756	11	43.0%	168.18	170.00	183.20	1,300.00	234.60	247.50	272.80	32.5%	26	34
295	1	42.9%	152.00	163.35	175.85	1,320.00	247.30	258.45	219.55	32.0%	1	6
78	1	42.8%	167.20	156.00	169.50	1,340.00	260.05	270.90	285.79	31.7%	1	4
0	2	3.1%	222.50	0.00	0.00	1,360.00	273.15	283.75	267.68	31.4%	1	4
46	2	42.1%	150.06	146.30	153.90	1,380.00	260.35	271.15	314.30	26.1%	6	8
252	5	41.8%	144.05	143.00	146.75	1,400.00	—	—	—	—	—	—
57	2	42.1%	122.97	130.05	142.80	1,420.00	283.65	296.30	364.15	24.9%	—	2
40	2	42.0%	127.95	124.05	136.90	1,440.00	295.35	309.00	380.70	24.2%	—	3
273	2	41.9%	113.80	118.45	131.50	1,460.00	342.95	353.60	364.20	30.4%	2	217
87	1	41.9%	113.00	114.05	126.40	1,480.00	0.00	0.00	322.15	—	13	0
546	15	41.8%	103.62	110.05	121.30	1,500.00	372.30	386.00	377.70	30.5%	1	123
69	3	41.6%	105.00	104.05	115.90	1,520.00	0.00	0.00	349.25	—	6	0
14	1	41.6%	98.00	98.90	111.60	1,540.00	446.00	462.00	580.12	39.6%	1	2
31	1	41.5%	92.28	94.05	106.80	1,560.00	381.00	391.60	443.75	18.1%	1	3
127	2	41.5%	102.60	90.10	102.75	1,580.00	461.45	476.00	444.60	35.8%	3	3
294	2	41.4%	87.78	86.40	98.55	1,600.00	452.05	465.40	479.50	29.5%	1	12
26	1	41.3%	95.48	82.00	94.35	1,620.00	510.00	523.95	724.00	39.0%	1	2
42	2	41.2%	82.18	83.00	90.65	1,640.00	508.00	526.00	491.40	35.8%	2	2
215	2	41.1%	78.37	74.55	86.75	1,660.00	456.30	469.75	556.00	—	1	6
12	2	41.0%	79.65	72.95	82.90	1,680.00	—	—	—	—	—	—
47	2	41.0%	74.66	71.50	79.70	1,700.00	536.00	550.00	556.17	28.6%	10	11
24	18	41.0%	65.50	67.90	76.75	1,720.00	—	—	—	—	—	—
8	2	41.3%	63.15	64.60	74.95	1,740.00	—	—	—	—	—	—
7	3	41.0%	59.38	62.25	70.95	1,760.00	590.00	604.00	597.98	28.4%	—	1
9	1	41.2%	82.45	58.00	70.55	1,770.00	598.00	614.00	606.80	28.6%	1	11
26	20	41.0%	59.01	56.05	68.45	1,780.00	608.00	622.00	626.55	28.2%	1	3
62	2	41.5%	61.75	55.05	67.70	1,800.00	626.20	640.00	633.00	28.0%	1	5
93	20	41.4%	54.39	52.80	64.70	1,820.00	645.00	658.00	632.83	27.7%	2	2
79	4	41.0%	59.35	49.40	60.75	1,840.00	663.00	678.00	650.00	28.2%	2	10
4	2	40.8%	49.94	46.50	57.75	1,860.00	0.00	0.00	619.75	—	—	0
34	11	41.1%	52.55	45.10	56.55	1,880.00	0.00	0.00	645.20	—	—	0
284	11	41.0%	50.35	43.05	54.40	1,900.00	720.00	734.00	714.03	27.9%	6	7

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 21, 2028 expiration, the LLY put/call ratio based on open interest is 1.13 (8,295 puts vs 7,329 calls), and 1.01 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 21, 2028 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.