Nordic American Tankers (NAT) Options Chain

NYSE: NATConsumer DiscretionaryMarine TransportationUSD

8.47-0.11 (-1.28%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $8.47
Put/call ratio (OI): 0.40
Put/call ratio (volume): 0.52
ATM implied volatility: 50.6%
Expected move: ±$1.42
Open interest (C / P): 2.33K / 924

NAT options summary

The NAT options chain for the November 20, 2026 expiration lists 8 call and 3 put contracts, with 40 days until expiration. Open interest stands at 2,328 calls and 924 puts, a put/call ratio of 0.40, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $8.00 strike is 50.6%, which implies the market expects a move of about ±$1.42 (16.7%) in Nordic American Tankers stock by expiration.

The most open interest sits at the $9.00 call (1.32K contracts) and the $8.00 put (681 contracts).

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

NAT options chain · November 20, 2026

NAT 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
6	2	89.1%	2.31	2.20	3.00	6.00	—	—	—	—	—	—
42	21	65.6%	1.65	1.50	1.80	7.00	0.05	0.15	0.10	53.1%	3	180
685	148	50.8%	0.81	0.75	0.90	8.00	0.30	0.35	0.35	50.4%	469	681
NAT $8.47
1,318	679	54.1%	0.35	0.30	0.40	9.00	0.70	0.90	0.80	51.4%	2	63
263	47	52.5%	0.12	0.10	0.15	10.00	—	—	—	—	—	—
2	1	52.3%	0.07	0.00	0.10	11.00	—	—	—	—	—	—
11	4	64.8%	0.05	0.00	0.10	12.00	—	—	—	—	—	—
1	1	97.3%	0.05	0.00	0.30	13.00	—	—	—	—	—	—

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 NAT put/call ratio?

For the November 20, 2026 expiration, the NAT put/call ratio based on open interest is 0.40 (924 puts vs 2,328 calls), and 0.52 based on today's volume. A ratio above 1 means more puts than calls.

What is NAT's implied volatility?

At-the-money implied volatility for NAT options expiring November 20, 2026 is about 50.6%, an annualized estimate of how much the market expects Nordic American Tankers stock to move.

How many NAT option expiration dates are there?

NAT has 6 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.