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: Apr 16, 2027
Days to expiration: 187
Share price: $6.62
Put/call ratio (OI): 4.84
Put/call ratio (volume): 0.71
ATM implied volatility: 57.6%
Expected move: ±$2.73
Open interest (C / P): 405 / 1.96K

NEXT options summary

The NEXT options chain for the April 16, 2027 expiration lists 11 call and 5 put contracts, with 187 days until expiration. Open interest stands at 405 calls and 1,961 puts, a put/call ratio of 4.84, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $7.00 strike is 57.6%, which implies the market expects a move of about ±$2.73 (41.2%) in NextDecade stock by expiration.

The most open interest sits at the $7.00 call (102 contracts) and the $8.00 put (983 contracts).

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

NEXT options chain · April 16, 2027

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
6	4	218.0%	5.70	5.10	6.50	1.00	—	—	—	—	—	—
23	5	110.3%	3.50	3.30	4.50	3.00	—	—	—	—	—	—
—	—	—	—	—	—	4.00	0.05	0.35	0.15	68.8%	—	2
26	21	78.5%	1.86	2.00	2.50	5.00	0.30	0.40	0.40	57.8%	7	7
62	1	66.5%	1.50	1.40	1.65	6.00	0.65	0.80	0.69	56.1%	10	507
NEXT $6.62
102	1	61.0%	1.05	0.90	1.10	7.00	1.15	1.35	1.25	54.2%	3	462
43	5	58.8%	0.70	0.55	0.75	8.00	1.60	2.10	2.05	62.6%	17	983
90	2	56.5%	0.55	0.20	0.60	9.00	—	—	—	—	—	—
40	6	59.2%	0.40	0.10	0.50	10.00	—	—	—	—	—	—
0	—	12.5%	0.40	0.00	0.00	11.00	—	—	—	—	—	—
6	6	60.5%	0.20	0.05	0.25	12.00	—	—	—	—	—	—
7	1	68.0%	0.13	0.00	0.25	14.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the NEXT put/call ratio based on open interest is 4.84 (1,961 puts vs 405 calls), and 0.71 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 April 16, 2027 is about 57.6%, 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.