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: Jan 21, 2028
Days to expiration: 468
Share price: $225.00
Put/call ratio (OI): 1.52
Put/call ratio (volume): 0.93
ATM implied volatility: 75.8%
Expected move: ±$193.17
Open interest (C / P): 13.68K / 20.85K

MRNA options summary

The MRNA options chain for the January 21, 2028 expiration lists 55 call and 52 put contracts, with 468 days until expiration. Open interest stands at 13,679 calls and 20,846 puts, a put/call ratio of 1.52, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $220.00 strike is 75.8%, which implies the market expects a move of about ±$193.17 (85.9%) in Moderna stock by expiration.

The most open interest sits at the $42.00 call (1.50K contracts) and the $13.00 put (4.75K contracts).

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

MRNA options chain · January 21, 2028

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
289	1	133.3%	180.00	210.50	215.00	13.00	0.06	0.26	0.11	105.6%	2	4,752
82	2	132.5%	195.35	208.50	213.50	15.00	0.05	0.42	0.13	105.0%	1	209
103	1	122.4%	203.00	205.50	210.50	18.00	0.10	0.50	0.21	100.7%	10	609
388	2	121.9%	188.85	204.00	208.50	20.00	0.00	0.55	0.30	95.0%	1	535
101	1	116.2%	164.75	202.00	206.45	22.00	0.10	0.35	0.23	88.7%	1	606
462	7	117.5%	198.50	199.50	204.00	25.00	0.20	0.42	0.38	87.3%	31	718
34	1	112.3%	163.00	197.50	201.90	27.00	0.00	0.60	0.40	83.8%	31	478
515	2	113.0%	190.15	195.00	199.50	30.00	0.20	0.76	0.41	85.1%	3	1,207
330	1	109.2%	163.85	193.00	197.50	32.00	0.01	0.84	0.58	80.8%	1	440
184	40	108.8%	167.38	190.50	195.00	35.00	0.45	2.80	0.86	97.0%	1	498
286	1	105.5%	165.00	188.50	193.00	37.00	0.34	1.22	0.88	82.1%	1	227
350	11	104.3%	182.00	186.00	190.35	40.00	0.53	1.36	1.00	81.2%	6	525
1,496	3	101.9%	181.57	184.00	188.50	42.00	0.33	1.62	1.14	79.3%	2	647
126	1	101.0%	150.00	181.50	185.95	45.00	0.80	1.89	1.40	80.7%	1	341
39	1	99.0%	148.25	179.50	184.15	47.00	0.10	1.73	0.94	73.2%	4	115
299	2	99.2%	169.33	177.00	182.00	50.00	0.85	2.13	1.80	77.0%	6	151
117	2	96.2%	165.17	173.00	177.15	55.00	1.30	3.30	2.25	79.1%	2	293
401	3	93.6%	143.40	168.50	172.95	60.00	1.77	2.85	3.10	74.5%	2	144
300	4	92.7%	157.20	164.50	169.00	65.00	2.52	4.60	4.55	77.7%	1	148
687	40	91.2%	161.00	160.50	164.90	70.00	2.60	4.80	3.80	74.0%	3	75
252	1	90.0%	149.23	156.50	161.00	75.00	3.60	6.20	4.78	75.4%	100	148
360	4	89.3%	151.35	153.00	157.00	80.00	5.00	7.10	6.50	75.9%	30	128
572	23	88.8%	124.30	149.50	153.30	85.00	6.20	7.80	7.70	75.2%	1	991
79	2	87.9%	110.40	145.50	149.95	90.00	6.80	9.00	9.40	74.2%	1	322
3	1	86.9%	114.19	142.00	146.15	95.00	8.10	10.40	9.49	74.3%	2	440
324	17	86.0%	134.10	138.50	142.50	100.00	9.80	11.00	9.80	73.6%	54	814
236	1	86.3%	132.25	135.50	139.50	105.00	10.30	13.20	12.00	73.2%	3	203
229	2	85.6%	134.00	132.35	135.95	110.00	12.20	13.30	13.95	71.9%	2	219
203	1	85.2%	104.00	129.00	133.00	115.00	13.60	16.45	15.03	73.2%	2	869
328	34	85.2%	124.00	126.00	130.25	120.00	14.15	18.05	16.68	71.8%	1	1,022
222	2	84.6%	91.58	123.00	127.00	125.00	16.40	20.05	18.00	72.4%	12	96
188	3	84.1%	120.00	120.00	123.95	130.00	18.80	21.60	22.11	72.4%	2	1,244
92	1	83.6%	115.33	117.00	121.00	135.00	20.40	23.05	26.45	71.6%	1	72
216	5	83.8%	114.00	114.50	118.50	140.00	22.65	25.15	29.05	71.7%	2	362
716	6	83.4%	97.03	111.50	116.00	145.00	24.60	28.00	33.85	72.0%	1	11
284	3	82.9%	110.00	109.00	113.00	150.00	26.30	29.70	29.39	71.2%	12	262
45	1	82.8%	105.10	106.50	110.50	155.00	28.50	32.10	31.22	71.1%	10	57
58	9	82.8%	105.00	104.00	108.45	160.00	31.00	35.00	40.03	71.5%	1	27
97	12	82.8%	84.80	101.50	106.40	165.00	0.00	0.00	62.40	6.3%	—	0
35	1	82.5%	89.42	99.50	103.50	170.00	35.50	39.50	48.00	70.7%	3	14
11	3	82.3%	93.99	97.00	101.50	175.00	38.95	42.50	46.98	71.5%	100	101
105	1	82.1%	95.00	95.00	98.90	180.00	41.10	44.90	41.00	70.9%	7	183
22	3	82.1%	91.18	93.00	96.85	185.00	44.00	47.50	55.65	70.9%	25	46
119	1	81.5%	92.48	90.50	94.45	190.00	46.50	50.50	51.50	70.8%	1	12
43	1	81.7%	89.05	88.50	93.00	195.00	49.00	53.00	53.45	70.3%	1	8
332	19	81.8%	86.50	87.00	91.00	200.00	52.00	55.60	54.00	70.1%	21	143
89	11	81.5%	83.00	83.00	87.20	210.00	58.00	62.00	60.69	70.2%	10	47
259	20	81.5%	79.33	79.50	84.00	220.00	64.45	68.00	66.00	70.1%	33	6
MRNA $225.00
31	34	81.2%	76.12	76.00	80.50	230.00	70.50	74.00	72.96	69.5%	6	255
30	16	81.3%	72.10	73.00	77.50	240.00	77.00	80.50	95.15	69.3%	2	4
931	40	81.2%	69.95	70.00	74.50	250.00	—	—	—	—	—	—
327	139	80.7%	66.98	67.00	71.00	260.00	90.35	94.00	106.48	68.7%	20	19
212	26	81.1%	64.44	64.50	69.00	270.00	—	—	—	—	—	—
4	1	80.8%	59.50	61.50	66.50	280.00	—	—	—	—	—	—
36	51	80.4%	60.22	59.50	63.00	290.00	112.00	115.50	118.38	68.1%	1	3

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 January 21, 2028 expiration, the MRNA put/call ratio based on open interest is 1.52 (20,846 puts vs 13,679 calls), and 0.93 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 January 21, 2028 is about 75.8%, 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.