Northern Dynasty Minerals (NAK) Options Chain

NYSE: NAKBasic MaterialsPrecious MetalsUSD

1.12-0.03 (-2.61%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $1.12
Put/call ratio (OI): 0.17
Put/call ratio (volume): 0.13
ATM implied volatility: 110.2%
Expected move: ±$0.4084
Open interest (C / P): 26.24K / 4.59K

NAK options summary

The NAK options chain for the November 20, 2026 expiration lists 9 call and 7 put contracts, with 40 days until expiration. Open interest stands at 26,242 calls and 4,591 puts, a put/call ratio of 0.17, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $1.00 strike is 110.2%, which implies the market expects a move of about ±$0.4084 (36.5%) in Northern Dynasty Minerals stock by expiration.

The most open interest sits at the $3.00 call (9.21K contracts) and the $1.00 put (2.27K contracts).

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

NAK options chain · November 20, 2026

NAK 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
1,076	1	206.3%	0.80	0.45	0.85	0.50	0.00	0.05	0.01	193.8%	7	285
994	134	131.3%	0.22	0.20	0.30	1.00	0.05	0.10	0.10	89.1%	20	2,265
NAK $1.12
3,698	107	123.4%	0.10	0.05	0.10	1.50	0.40	0.55	0.43	138.3%	13	1,664
5,277	53	154.7%	0.09	0.00	0.10	2.00	0.85	1.00	0.65	150.0%	3	267
5,610	2	189.1%	0.05	0.00	0.10	2.50	0.00	0.00	0.90	—	2	0
9,208	46	215.6%	0.03	0.00	0.10	3.00	1.45	1.65	1.70	—	1	100
169	1	237.5%	0.07	0.00	0.10	3.50	1.40	1.75	1.50	—	—	10
210	10	253.1%	0.06	0.00	0.10	4.00	—	—	—	—	—	—
0	10	50.0%	0.07	0.00	0.00	4.50	—	—	—	—	—	—

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 NAK put/call ratio?

For the November 20, 2026 expiration, the NAK put/call ratio based on open interest is 0.17 (4,591 puts vs 26,242 calls), and 0.13 based on today's volume. A ratio above 1 means more puts than calls.

What is NAK's implied volatility?

At-the-money implied volatility for NAK options expiring November 20, 2026 is about 110.2%, an annualized estimate of how much the market expects Northern Dynasty Minerals stock to move.

How many NAK option expiration dates are there?

NAK has 11 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.