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: Dec 15, 2028
Days to expiration: 796
Share price: $1,179.27
Put/call ratio (OI): 1.44
Put/call ratio (volume): 1.29
ATM implied volatility: 39.5%
Expected move: ±$688.76
Open interest (C / P): 4.37K / 6.29K

LLY options summary

The LLY options chain for the December 15, 2028 expiration lists 103 call and 95 put contracts, with 796 days until expiration. Open interest stands at 4,368 calls and 6,288 puts, a put/call ratio of 1.44, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $1,180.00 strike is 39.5%, which implies the market expects a move of about ±$688.76 (58.4%) in Eli Lilly stock by expiration.

The most open interest sits at the $1,500.00 call (590 contracts) and the $700.00 put (685 contracts).

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

LLY options chain · December 15, 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
52	1	60.3%	792.00	772.00	788.00	440.00	4.45	12.00	9.74	43.4%	2	287
8	1	59.5%	832.00	764.00	778.00	450.00	0.25	12.50	10.75	42.9%	5	333
1	1	59.3%	770.00	756.00	770.00	460.00	2.83	16.70	13.42	45.0%	20	91
0	1	—	763.00	0.00	0.00	470.00	2.00	17.60	12.95	44.7%	2	123
—	—	—	—	—	—	480.00	4.00	18.45	14.20	44.3%	2	17
1	1	84.3%	770.00	801.50	818.00	490.00	4.00	19.20	13.40	43.9%	3	43
21	1	58.2%	680.00	724.00	739.00	500.00	13.30	22.60	15.25	44.9%	1	99
0	2	—	612.99	0.00	0.00	520.00	8.00	22.40	17.60	43.0%	2	12
6	1	56.8%	730.00	692.00	707.00	540.00	11.00	27.70	18.20	43.9%	1	278
0	—	—	560.00	0.00	0.00	550.00	11.30	23.00	21.05	40.8%	1	47
8	1	56.0%	690.00	676.00	691.00	560.00	13.00	30.00	20.40	43.2%	3	127
10	1	77.2%	655.00	732.00	748.00	580.00	20.90	26.55	22.70	40.0%	2	34
51	1	54.9%	644.00	646.00	660.00	600.00	24.35	30.15	25.12	39.9%	2	42
0	1	—	648.93	0.00	0.00	620.00	28.10	33.20	28.75	39.5%	2	305
33	8	53.8%	615.40	616.00	630.00	640.00	29.85	36.75	30.50	39.2%	2	6
4	2	53.3%	562.00	608.00	622.00	650.00	31.45	38.65	33.00	39.1%	1	201
16	1	53.1%	610.00	600.00	616.00	660.00	33.05	40.20	42.80	38.8%	2	118
11	1	71.0%	602.00	658.00	674.00	680.00	35.65	44.20	38.20	38.6%	2	40
55	2	52.1%	559.02	572.00	586.00	700.00	41.80	49.40	43.40	38.6%	22	685
1	1	52.0%	540.25	558.70	574.00	720.00	44.60	52.55	48.43	38.0%	16	400
12	1	51.5%	536.00	544.00	561.00	740.00	44.00	62.00	48.70	39.0%	2	62
24	1	51.4%	521.10	538.00	554.00	750.00	46.00	60.85	52.21	37.9%	6	267
32	20	51.0%	490.00	530.00	547.00	760.00	52.95	62.20	54.55	37.5%	6	16
28	20	50.6%	488.80	518.00	532.00	780.00	57.00	67.35	59.90	37.2%	16	13
73	20	50.4%	489.00	505.95	520.00	800.00	63.65	72.35	66.85	36.9%	2	139
3	1	50.2%	496.90	498.90	514.00	810.00	60.00	75.30	67.00	36.8%	6	27
11	2	50.0%	300.00	484.00	500.00	820.00	66.15	82.00	69.50	37.5%	6	17
3	1	51.3%	496.22	486.00	501.00	830.00	66.00	83.80	80.00	37.1%	1	49
0	—	—	558.00	0.00	0.00	840.00	68.00	88.00	83.96	37.2%	1	48
27	3	51.0%	461.90	473.00	489.00	850.00	72.00	90.00	87.02	36.9%	1	33
5	1	51.1%	479.00	466.00	484.00	860.00	74.00	94.00	88.40	36.9%	1	13
8	1	50.5%	488.11	460.00	476.20	870.00	78.00	96.00	80.00	36.5%	1	144
14	1	50.7%	446.35	454.00	472.00	880.00	80.00	100.00	87.68	36.6%	1	29
0	1	—	505.05	0.00	0.00	890.00	0.00	0.00	131.20	3.1%	2	0
39	4	50.2%	441.36	442.00	459.00	900.00	88.00	102.00	98.80	35.4%	1	147
25	12	49.8%	448.05	436.00	452.00	910.00	90.00	110.00	107.70	36.2%	2	18
24	3	49.8%	485.00	432.00	447.20	920.00	94.00	112.00	106.40	35.8%	21	25
6	2	49.7%	470.00	427.00	442.00	930.00	98.00	112.95	113.83	35.1%	6	8
0	1	—	498.00	0.00	0.00	940.00	105.50	116.50	111.32	35.0%	2	12
78	2	49.3%	377.00	416.00	430.00	950.00	109.65	120.15	116.87	34.9%	1	172
0	4	—	494.10	0.00	0.00	960.00	108.00	125.95	119.60	35.1%	2	47
35	1	49.2%	408.98	404.00	420.00	970.00	112.00	130.00	132.90	35.1%	4	39
11	1	48.9%	388.17	398.50	414.05	980.00	116.00	134.00	131.95	35.0%	4	14
34	1	48.9%	379.63	392.00	409.00	990.00	120.00	138.00	132.00	34.9%	3	50
134	1	48.7%	377.00	389.00	403.80	1,000.00	128.00	139.00	136.00	34.2%	10	238
26	1	48.5%	355.00	383.75	398.00	1,010.00	132.80	141.30	137.50	33.8%	4	2
23	1	58.6%	411.99	444.00	462.00	1,020.00	132.00	147.60	149.60	34.1%	1	46
27	1	48.3%	360.12	372.00	388.00	1,030.00	136.00	154.00	155.90	34.3%	2	92
23	14	48.2%	362.20	366.00	383.00	1,040.00	140.00	158.00	166.90	34.2%	10	30
23	4	48.1%	358.87	362.95	378.00	1,050.00	146.00	159.85	164.89	33.6%	2	96
41	20	48.1%	353.32	357.95	374.00	1,060.00	150.00	167.95	151.90	34.1%	1	31
19	1	47.8%	338.81	352.00	368.00	1,070.00	154.00	172.00	172.05	33.9%	9	30
113	1	47.8%	319.00	348.00	364.00	1,080.00	158.00	174.05	178.53	33.4%	18	146
14	3	56.9%	359.00	408.00	424.00	1,090.00	164.00	180.00	170.00	33.5%	1	38
104	1	47.5%	325.00	338.00	354.00	1,100.00	168.00	185.10	183.00	33.5%	2	56
12	1	47.5%	303.96	334.00	350.00	1,110.00	172.00	190.00	201.77	33.4%	2	21
253	3	47.4%	348.00	329.00	345.00	1,120.00	177.55	196.00	206.30	33.5%	18	16
17	2	47.2%	320.20	324.00	340.00	1,130.00	182.00	200.00	205.40	33.2%	2	25
15	1	47.1%	305.00	320.00	336.00	1,140.00	188.00	204.00	212.52	33.0%	1	12
160	8	47.1%	306.60	316.75	332.00	1,150.00	192.00	210.00	191.10	33.0%	7	36
23	8	46.9%	302.00	312.00	327.05	1,160.00	198.00	214.00	198.00	32.8%	1	22
13	1	46.7%	324.31	308.00	322.00	1,170.00	206.30	218.25	210.50	32.5%	2	12
LLY $1,179.27
16	3	46.7%	310.35	305.45	318.00	1,180.00	210.75	223.50	210.00	32.4%	2	11
36	1	46.6%	311.90	300.00	314.00	1,190.00	216.55	228.55	215.75	32.3%	2	9
153	4	46.4%	301.78	296.30	308.75	1,200.00	221.25	234.15	223.50	32.2%	2	79
45	1	46.4%	306.51	288.00	302.00	1,220.00	232.50	245.10	247.78	32.0%	2	10
8	3	46.2%	280.65	279.45	294.00	1,240.00	240.00	258.00	258.70	32.1%	4	6
23	2	46.1%	295.04	276.00	290.00	1,250.00	249.00	262.30	268.10	31.8%	16	154
24	1	46.0%	252.23	272.00	286.00	1,260.00	254.95	267.65	261.47	31.6%	6	10
158	1	46.1%	258.52	264.00	280.00	1,280.00	266.05	280.00	296.76	31.5%	2	9
151	1	45.9%	274.50	256.00	272.00	1,300.00	276.00	292.00	285.30	31.3%	36	18
6	1	45.9%	263.71	248.00	266.00	1,320.00	0.00	0.00	300.60	—	—	0
0	1	1.6%	268.87	0.00	0.00	1,340.00	300.00	316.00	317.55	30.9%	2	5
7	1	45.5%	222.10	238.00	254.00	1,350.00	324.00	342.00	323.24	33.6%	2	1
6	1	45.6%	232.54	236.00	252.00	1,360.00	330.00	350.00	329.02	33.7%	—	1
10	2	45.2%	220.00	230.00	243.30	1,380.00	—	—	—	—	—	—
145	1	45.2%	229.42	222.00	237.40	1,400.00	339.60	354.00	356.93	30.2%	—	1
8	3	45.2%	213.55	216.00	232.15	1,420.00	353.30	368.00	376.80	30.1%	—	1
13	3	45.0%	229.96	210.00	225.50	1,440.00	—	—	—	—	—	—
73	1	44.9%	203.55	208.00	221.85	1,450.00	—	—	—	—	—	—
57	1	44.8%	200.70	204.00	219.10	1,460.00	—	—	—	—	—	—
44	14	45.1%	217.05	198.00	216.00	1,480.00	395.00	410.00	420.00	29.6%	1	251
590	2	44.6%	192.98	194.00	207.45	1,500.00	0.00	0.00	432.21	—	10	0
16	1	44.8%	184.00	188.00	204.00	1,520.00	394.50	412.00	450.00	25.0%	2	1
17	6	44.9%	198.35	182.00	200.00	1,540.00	—	—	—	—	—	—
2	4	44.7%	195.00	177.00	194.00	1,560.00	422.05	440.00	478.80	24.2%	6	3
47	11	44.3%	172.97	172.00	187.15	1,580.00	0.00	0.00	518.00	—	1	0
167	1	44.5%	175.45	168.00	184.00	1,600.00	482.00	498.00	505.00	28.4%	50	82
2	3	44.5%	163.86	162.00	180.00	1,620.00	463.95	480.00	508.00	22.2%	2	1
3	4	44.5%	176.60	158.00	176.00	1,640.00	544.85	562.00	578.00	33.4%	—	1
0	2	3.1%	229.25	0.00	0.00	1,660.00	0.00	0.00	496.65	—	2	0
0	10	3.1%	182.60	0.00	0.00	1,680.00	—	—	—	—	—	—
63	2	44.2%	148.41	144.00	162.00	1,700.00	0.00	0.00	527.70	—	2	0
21	2	44.2%	144.28	140.00	158.00	1,720.00	576.00	592.00	605.50	27.0%	4	4
15	2	43.9%	156.32	137.00	152.20	1,740.00	—	—	—	—	—	—
29	2	43.7%	151.10	133.00	147.60	1,760.00	566.00	586.00	601.00	15.7%	1	1
77	1	43.9%	140.00	130.00	147.25	1,770.00	574.00	592.05	609.00	13.0%	1	2
16	6	44.0%	132.84	130.00	146.00	1,780.00	583.00	600.00	665.89	—	—	1
30	1	43.5%	140.22	126.80	139.85	1,800.00	0.00	0.00	651.05	—	—	0
235	4	43.7%	130.20	123.30	137.85	1,820.00	0.00	0.00	603.00	—	1	0
178	18	43.4%	126.10	120.65	132.70	1,840.00	0.00	0.00	619.50	—	3	0
7	2	43.4%	123.60	119.35	129.55	1,860.00	—	—	—	—	—	—
3	10	43.4%	120.75	117.05	126.20	1,880.00	0.00	0.00	664.00	—	—	0
57	2	43.3%	116.92	111.05	123.20	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 December 15, 2028 expiration, the LLY put/call ratio based on open interest is 1.44 (6,288 puts vs 4,368 calls), and 1.29 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 December 15, 2028 is about 39.5%, 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.