Moderna (MRNA) Options Chain

NASDAQ: MRNAHealth CareBiotechnology: Biological Products (No Diagnostic Substances)USD

225.00+28.00 (+14.21%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $225.00
Put/call ratio (OI): 1.61
Put/call ratio (volume): 1.62
ATM implied volatility: 104.6%
Expected move: ±$77.89
Open interest (C / P): 38.05K / 61.43K

MRNA options summary

The MRNA options chain for the November 20, 2026 expiration lists 44 call and 43 put contracts, with 40 days until expiration. Open interest stands at 38,047 calls and 61,431 puts, a put/call ratio of 1.61, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $220.00 strike is 104.6%, which implies the market expects a move of about ±$77.89 (34.6%) in Moderna stock by expiration.

The most open interest sits at the $200.00 call (8.25K contracts) and the $115.00 put (5.97K contracts).

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

MRNA options chain · November 20, 2026

MRNA 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
420	12	355.4%	166.48	192.75	196.60	30.00	0.00	0.04	0.07	200.0%	13	285
35	20	325.0%	119.93	187.80	191.55	35.00	0.00	0.05	0.02	189.1%	1	812
11	2	308.7%	161.00	182.90	186.75	40.00	0.00	0.05	0.19	175.0%	1	167
23	1	295.7%	100.15	177.90	182.00	45.00	0.00	0.05	0.25	163.3%	1	451
50	2	50.0%	147.20	172.95	177.05	50.00	0.00	0.01	0.01	134.4%	5	1,594
142	10	143.0%	143.87	167.95	172.10	55.00	0.01	0.05	0.03	145.3%	2	527
200	5	50.0%	128.05	162.90	167.10	60.00	0.00	0.05	0.05	134.4%	1	1,196
90	1	215.4%	136.30	158.00	161.45	65.00	0.02	0.12	0.06	139.8%	36	166
430	4	143.8%	117.50	153.10	157.20	70.00	0.05	0.27	0.09	144.9%	2	187
131	1	125.4%	140.35	148.15	152.00	75.00	0.03	0.38	0.12	141.0%	5	101
129	3	130.5%	110.58	143.15	147.20	80.00	0.01	0.67	0.29	142.6%	1	3,902
343	1	120.9%	111.97	138.15	142.15	85.00	0.01	0.50	0.25	129.5%	1	401
185	1	126.6%	107.80	133.30	137.35	90.00	0.05	0.45	0.26	122.1%	3	4,554
32	2	127.6%	99.40	128.45	132.55	95.00	0.20	0.50	0.34	121.0%	3	1,105
519	2	103.9%	119.27	123.50	126.85	100.00	0.43	0.74	0.50	123.7%	160	3,782
16	1	119.8%	112.40	118.75	122.60	105.00	0.32	1.16	0.60	121.7%	6	691
45	7	117.2%	75.95	113.90	117.75	110.00	0.60	0.95	0.76	116.0%	33	2,889
145	1	113.7%	85.50	109.10	112.80	115.00	0.66	1.03	0.94	111.3%	9	5,967
549	1	106.2%	95.87	104.20	107.60	120.00	0.91	1.18	1.11	109.3%	36	3,575
21	1	111.3%	69.49	99.65	103.40	125.00	1.30	1.50	1.35	109.4%	65	1,084
315	4	105.8%	93.04	95.00	98.15	130.00	1.53	1.83	1.73	107.3%	34	2,871
189	1	110.8%	64.50	90.80	94.15	135.00	2.00	2.25	2.15	106.7%	53	1,324
260	2	104.3%	80.00	86.00	88.95	140.00	2.47	2.75	2.54	105.8%	415	2,426
2,717	34	103.9%	80.65	81.55	84.60	145.00	3.00	3.35	3.22	104.8%	178	668
1,042	25	104.1%	75.20	77.60	80.10	150.00	3.70	4.00	3.97	104.1%	923	4,423
613	4	104.5%	75.00	73.10	76.45	155.00	4.40	5.00	4.69	104.0%	161	2,051
3,214	22	103.3%	69.35	69.15	72.00	160.00	5.55	5.95	5.75	104.4%	544	2,988
925	5	104.7%	65.00	65.35	68.50	165.00	6.55	7.00	6.85	103.8%	86	2,499
1,311	9	105.4%	61.42	61.60	65.05	170.00	7.80	8.25	8.22	103.8%	975	1,731
2,862	18	103.6%	57.45	58.00	60.75	175.00	9.25	9.60	9.42	103.9%	100	455
2,123	75	103.8%	54.44	54.35	57.55	180.00	10.70	11.25	11.15	104.0%	2,691	1,901
788	24	104.5%	50.75	51.25	54.30	185.00	12.15	13.05	13.06	103.7%	267	1,900
675	77	104.1%	48.04	48.15	50.85	190.00	14.10	15.25	14.55	104.8%	572	1,886
458	205	104.0%	43.95	45.10	47.80	195.00	16.00	16.90	16.19	104.0%	237	250
8,253	732	105.2%	43.85	42.85	44.85	200.00	18.50	19.05	18.74	104.9%	1,295	449
460	444	106.3%	38.20	38.00	39.65	210.00	22.00	24.05	23.40	103.5%	276	75
3,667	563	105.1%	33.99	32.85	34.50	220.00	27.55	29.15	28.37	104.0%	416	50
MRNA $225.00
503	641	106.3%	28.52	29.05	30.40	230.00	33.20	34.85	34.50	104.0%	116	21
811	214	106.0%	24.90	24.85	26.80	240.00	39.30	41.90	42.56	105.3%	2	9
811	391	105.8%	22.55	21.75	23.00	250.00	45.90	48.50	48.53	105.2%	23	8
902	84	104.4%	18.65	17.95	20.00	260.00	52.85	55.60	56.75	105.3%	18	5
508	198	106.4%	17.00	15.75	18.15	270.00	60.20	63.00	63.00	105.2%	3	1
42	269	105.1%	13.95	13.60	15.00	280.00	—	—	—	—	—	—
1,082	1,900	107.4%	12.60	12.80	13.00	290.00	76.00	78.85	80.35	105.6%	6	4

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 MRNA put/call ratio?

For the November 20, 2026 expiration, the MRNA put/call ratio based on open interest is 1.61 (61,431 puts vs 38,047 calls), and 1.62 based on today's volume. A ratio above 1 means more puts than calls.

What is MRNA's implied volatility?

At-the-money implied volatility for MRNA options expiring November 20, 2026 is about 104.6%, an annualized estimate of how much the market expects Moderna stock to move.

How many MRNA option expiration dates are there?

MRNA has 16 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.