Madrigal Pharmaceuticals (MDGL) Options Chain

NASDAQ: MDGLHealth CareBiotechnology: Pharmaceutical PreparationsUSD

471.75-5.16 (-1.08%)

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

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 7
Share price: $471.75
Put/call ratio (OI): 0.27
Put/call ratio (volume): 0.21
ATM implied volatility: 58.4%
Expected move: ±$38.14
Open interest (C / P): 2.95K / 783

MDGL options summary

The MDGL options chain for the October 16, 2026 expiration lists 48 call and 44 put contracts, with 7 days until expiration. Open interest stands at 2,946 calls and 783 puts, a put/call ratio of 0.27, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $470.00 strike is 58.4%, which implies the market expects a move of about ±$38.14 (8.1%) in Madrigal Pharmaceuticals stock by expiration.

The most open interest sits at the $520.00 call (1.00K contracts) and the $500.00 put (191 contracts).

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

MDGL options chain · October 16, 2026

MDGL 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
—	—	—	—	—	—	220.00	0.00	0.00	2.00	50.0%	1	0
2	1	944.1%	228.00	307.80	316.80	230.00	0.00	6.90	2.15	325.7%	—	7
3	—	902.1%	242.00	297.90	306.60	240.00	0.00	6.90	2.25	308.9%	—	6
5	3	863.2%	228.90	287.90	296.70	250.00	—	—	—	—	—	—
1	—	629.2%	277.00	250.20	258.30	260.00	—	—	—	—	—	—
3	3	794.6%	212.70	269.40	276.40	270.00	—	—	—	—	—	—
1	—	761.0%	199.80	259.50	266.40	280.00	—	—	—	—	—	—
2	—	728.6%	195.20	249.40	256.50	290.00	0.00	5.30	1.97	220.6%	—	16
19	3	158.9%	223.00	168.30	176.40	300.00	0.00	5.50	2.80	209.3%	—	1
1	—	148.7%	210.00	158.60	166.10	310.00	—	—	—	—	—	—
0	—	—	218.00	0.00	0.00	320.00	—	—	—	—	—	—
2	—	119.7%	195.00	128.60	136.10	340.00	—	—	—	—	—	—
—	—	—	—	—	—	350.00	0.00	5.60	4.70	149.5%	2	10
0	—	—	179.00	0.00	0.00	360.00	—	—	—	—	—	—
—	—	—	—	—	—	370.00	0.00	4.90	0.50	122.9%	1	2
1	1	356.9%	190.20	132.60	140.70	380.00	0.00	2.45	0.26	96.0%	1	0
3	2	79.4%	112.38	78.90	86.20	390.00	0.00	3.20	5.78	91.7%	1	1
151	1	443.2%	91.00	141.00	148.20	400.00	0.00	0.00	2.43	25.0%	1	0
3	1	306.4%	134.00	104.90	112.90	410.00	0.00	1.05	0.45	57.0%	16	7
4	1	59.3%	95.00	49.40	56.70	420.00	0.05	3.20	0.65	62.7%	38	30
0	2	—	124.35	0.00	0.00	430.00	0.05	3.60	1.05	54.7%	16	27
8	9	50.7%	53.30	30.80	38.10	440.00	0.05	4.50	0.90	61.4%	2	8
8	7	341.7%	56.00	94.00	101.00	450.00	1.00	8.50	4.00	50.3%	1	22
1	1	60.7%	35.00	14.70	22.20	460.00	2.35	7.20	6.15	47.4%	6	118
14	9	60.8%	14.50	8.70	16.70	470.00	6.80	13.70	9.05	56.0%	1	161
MDGL $471.75
22	5	60.8%	8.30	4.70	12.20	480.00	11.60	19.60	14.60	57.5%	2	13
13	1	64.0%	8.50	1.60	9.40	490.00	18.80	26.40	9.70	58.8%	2	30
115	2	50.2%	4.00	0.20	3.80	500.00	27.00	34.30	27.70	61.4%	1	191
57	4	51.6%	15.60	0.65	2.45	510.00	35.80	43.20	17.00	66.3%	10	21
1,005	24	55.4%	1.55	0.05	1.85	520.00	45.30	52.60	34.63	72.3%	1	13
31	2	59.6%	3.37	0.20	2.75	530.00	54.80	62.60	21.10	81.1%	1	11
9	1	75.6%	3.98	0.00	4.90	540.00	64.20	72.40	27.82	88.0%	10	86
158	4	67.8%	1.00	0.00	2.05	550.00	30.60	36.40	88.00	—	—	1
294	401	71.3%	0.65	0.25	1.45	560.00	35.60	43.20	96.00	—	—	1
25	2	92.8%	0.77	0.05	4.10	570.00	94.40	102.20	67.00	52.1%	1	0
36	4	92.4%	0.20	0.10	2.90	580.00	—	—	—	—	—	—
112	2	73.0%	0.80	0.00	0.50	590.00	114.30	122.10	83.00	122.0%	1	0
511	64	98.7%	0.45	0.00	2.30	600.00	124.20	132.00	88.00	127.7%	2	0
9	2	121.2%	0.80	0.00	4.90	610.00	—	—	—	—	—	—
34	2	126.9%	1.90	0.00	4.90	620.00	—	—	—	—	—	—
16	1	132.8%	0.75	0.05	4.90	630.00	—	—	—	—	—	—
114	1	138.2%	0.48	0.05	4.90	640.00	164.20	172.00	128.00	151.7%	2	0
28	11	143.5%	0.35	0.05	4.90	650.00	174.20	182.00	138.00	157.3%	1	0
19	1	148.4%	5.31	0.00	4.90	660.00	184.20	192.00	148.00	162.7%	1	0
—	—	—	—	—	—	670.00	194.20	202.00	139.00	168.0%	—	0
4	1	174.8%	15.50	0.00	7.80	680.00	204.20	212.00	167.00	173.3%	1	0
13	1	167.9%	0.25	0.00	4.90	700.00	224.20	232.00	177.00	183.3%	—	0
29	29	172.6%	0.15	0.00	4.90	710.00	234.20	242.00	187.00	188.2%	2	0
5	1	194.0%	14.50	0.00	7.70	720.00	244.20	252.00	197.00	193.0%	2	0
—	—	—	—	—	—	730.00	254.20	262.00	197.00	197.7%	1	0
9	5	193.9%	8.50	0.00	6.10	740.00	264.20	272.00	207.00	202.2%	1	0
—	—	—	—	—	—	750.00	274.20	282.00	217.00	206.7%	2	0
4	1	251.2%	14.40	3.80	12.30	760.00	284.20	292.00	229.00	211.1%	1	0
—	—	—	—	—	—	770.00	294.20	302.00	224.00	215.4%	—	0
42	10	202.5%	0.15	0.00	4.90	780.00	304.20	311.90	247.00	218.5%	1	0
—	—	—	—	—	—	800.00	324.20	331.90	254.00	226.7%	—	0

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 MDGL put/call ratio?

For the October 16, 2026 expiration, the MDGL put/call ratio based on open interest is 0.27 (783 puts vs 2,946 calls), and 0.21 based on today's volume. A ratio above 1 means more puts than calls.

What is MDGL's implied volatility?

At-the-money implied volatility for MDGL options expiring October 16, 2026 is about 58.4%, an annualized estimate of how much the market expects Madrigal Pharmaceuticals stock to move.

How many MDGL option expiration dates are there?

MDGL has 7 listed expiration dates, from Oct 16, 2026 to Dec 17, 2027.

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.