Lightwave Logic (LWLG) Options Chain

NASDAQ: LWLGIndustrialsContainers/PackagingUSD

4.97-0.14 (-2.74%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $4.97
Put/call ratio (OI): 0.88
Put/call ratio (volume): 1.47
ATM implied volatility: 91.7%
Expected move: ±$1.97
Open interest (C / P): 8.37K / 7.33K

LWLG options summary

The LWLG options chain for the December 18, 2026 expiration lists 35 call and 25 put contracts, with 68 days until expiration. Open interest stands at 8,372 calls and 7,326 puts, a put/call ratio of 0.88, which is fairly balanced between calls and puts. At-the-money implied volatility near the $5.00 strike is 91.7%, which implies the market expects a move of about ±$1.97 (39.6%) in Lightwave Logic stock by expiration.

The most open interest sits at the $36.00 call (2.61K contracts) and the $8.00 put (1.73K contracts).

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

LWLG options chain · December 18, 2026

LWLG 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
0	2	—	6.65	0.00	0.00	1.00	—	—	—	—	—	—
2	2	153.1%	3.55	2.70	3.40	2.00	—	—	—	—	—	—
46	7	101.6%	2.28	1.85	2.30	3.00	0.05	0.10	0.10	92.2%	1	64
213	5	96.5%	1.70	1.20	1.45	4.00	0.30	0.35	0.30	91.8%	14	269
LWLG $4.97
462	17	94.9%	0.79	0.75	0.85	5.00	0.70	0.85	0.79	88.5%	20	838
605	25	92.2%	0.50	0.40	0.50	6.00	1.30	1.60	1.30	88.7%	3	476
442	102	94.9%	0.50	0.20	0.35	7.00	2.05	2.40	1.95	83.2%	100	769
174	3	98.0%	0.20	0.10	0.25	8.00	2.95	3.30	2.85	82.4%	100	1,731
393	2	96.9%	0.10	0.05	0.15	9.00	4.00	4.30	3.50	101.6%	23	644
463	3	93.8%	0.15	0.00	0.10	10.00	4.90	5.20	4.35	79.7%	1	1,346
285	3	103.1%	0.10	0.00	0.10	11.00	5.60	6.30	5.55	153.1%	88	732
287	21	120.3%	0.05	0.00	0.15	12.00	6.60	7.30	6.33	163.3%	10	148
141	10	118.8%	0.04	0.00	0.10	13.00	7.60	8.20	8.06	153.1%	141	309
444	28	125.8%	0.08	0.00	0.10	14.00	8.60	9.50	9.23	109.4%	4	0
435	1	132.0%	0.05	0.00	0.10	15.00	9.60	10.50	10.00	115.6%	96	0
203	5	137.5%	0.05	0.00	0.10	16.00	0.00	0.00	10.13	—	7	0
101	2	143.0%	0.05	0.00	0.10	17.00	0.00	0.00	7.70	—	1	0
0	1	50.0%	0.50	0.00	0.00	18.00	—	—	—	—	—	—
60	50	185.9%	0.52	0.00	0.30	19.00	0.00	0.00	12.35	—	20	0
444	23	184.4%	0.05	0.00	0.25	20.00	0.00	0.00	11.20	—	—	0
20	1	195.3%	0.24	0.00	0.30	21.00	0.00	0.00	14.23	—	28	0
0	1	50.0%	0.25	0.00	0.00	22.00	0.00	0.00	15.25	—	—	0
40	10	153.1%	0.03	0.00	0.05	23.00	0.00	0.00	16.20	—	—	0
0	1	50.0%	0.25	0.00	0.00	24.00	0.00	0.00	17.25	—	—	0
106	1	204.3%	0.03	0.00	0.25	25.00	—	—	—	—	—	—
5	9	481.3%	3.20	1.75	2.50	26.00	—	—	—	—	—	—
—	—	—	—	—	—	27.00	0.00	0.00	20.20	—	—	0
0	1	50.0%	2.41	0.00	0.00	28.00	0.00	0.00	21.21	—	—	0
2	2	224.2%	0.20	0.00	0.30	29.00	—	—	—	—	—	—
22	2	234.0%	0.34	0.00	0.35	30.00	0.00	0.00	23.25	—	2	0
146	1	236.7%	0.15	0.00	0.35	31.00	—	—	—	—	—	—
106	2	195.3%	0.15	0.00	0.10	32.00	—	—	—	—	—	—
0	4	50.0%	1.70	0.00	0.00	33.00	—	—	—	—	—	—
100	1	238.3%	1.30	0.05	0.25	34.00	0.00	0.00	27.25	—	—	0
16	1	265.2%	1.25	0.05	0.45	35.00	—	—	—	—	—	—
2,609	100	235.2%	0.05	0.00	0.25	36.00	—	—	—	—	—	—

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 LWLG put/call ratio?

For the December 18, 2026 expiration, the LWLG put/call ratio based on open interest is 0.88 (7,326 puts vs 8,372 calls), and 1.47 based on today's volume. A ratio above 1 means more puts than calls.

What is LWLG's implied volatility?

At-the-money implied volatility for LWLG options expiring December 18, 2026 is about 91.7%, an annualized estimate of how much the market expects Lightwave Logic stock to move.

How many LWLG option expiration dates are there?

LWLG has 8 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.