NextDecade (NEXT) Options Chain

NASDAQ: NEXTUtilitiesOil & Gas ProductionUSD

6.62-0.13 (-1.93%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $6.62
Put/call ratio (OI): 0.15
Put/call ratio (volume): 3.08
ATM implied volatility: 56.6%
Expected move: ±$1.24
Open interest (C / P): 9.64K / 1.44K

NEXT options summary

The NEXT options chain for the November 20, 2026 expiration lists 6 call and 5 put contracts, with 40 days until expiration. Open interest stands at 9,642 calls and 1,439 puts, a put/call ratio of 0.15, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $7.00 strike is 56.6%, which implies the market expects a move of about ±$1.24 (18.8%) in NextDecade stock by expiration.

The most open interest sits at the $8.00 call (5.60K contracts) and the $6.00 put (713 contracts).

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

NEXT options chain · November 20, 2026

NEXT 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
30	3	71.1%	1.85	1.40	2.00	5.00	0.00	0.10	0.09	62.5%	2	172
1,006	1	63.5%	1.10	0.80	1.00	6.00	0.20	0.25	0.22	56.1%	54	713
NEXT $6.62
2,809	12	59.8%	0.36	0.30	0.45	7.00	0.65	0.75	0.74	53.5%	21	554
5,597	8	53.9%	0.15	0.05	0.15	8.00	—	—	1.45	—	—	—
9	1	62.5%	0.05	0.00	0.10	9.00	—	—	2.35	—	—	—
191	—	77.3%	0.05	0.00	0.10	10.00	—	—	—	—	—	—

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 NEXT put/call ratio?

For the November 20, 2026 expiration, the NEXT put/call ratio based on open interest is 0.15 (1,439 puts vs 9,642 calls), and 3.08 based on today's volume. A ratio above 1 means more puts than calls.

What is NEXT's implied volatility?

At-the-money implied volatility for NEXT options expiring November 20, 2026 is about 56.6%, an annualized estimate of how much the market expects NextDecade stock to move.

How many NEXT option expiration dates are there?

NEXT 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.