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: Jan 21, 2028
Days to expiration: 468
Share price: $6.62
Put/call ratio (OI): 0.11
Put/call ratio (volume): 0.38
ATM implied volatility: 64.1%
Expected move: ±$4.81
Open interest (C / P): 31.20K / 3.32K

NEXT options summary

The NEXT options chain for the January 21, 2028 expiration lists 9 call and 9 put contracts, with 468 days until expiration. Open interest stands at 31,201 calls and 3,317 puts, a put/call ratio of 0.11, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $7.00 strike is 64.1%, which implies the market expects a move of about ±$4.81 (72.6%) in NextDecade stock by expiration.

The most open interest sits at the $10.00 call (13.20K contracts) and the $7.00 put (1.11K contracts).

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

NEXT options chain · January 21, 2028

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
59	1	384.4%	6.00	5.20	7.90	1.00	0.00	0.10	0.05	99.2%	10	370
267	3	93.8%	4.89	4.70	5.00	2.00	0.00	0.35	0.10	86.3%	7	30
163	4	90.0%	3.75	3.80	4.50	3.00	0.15	0.35	0.20	67.2%	7	151
249	30	89.8%	3.10	3.10	4.10	4.00	0.30	0.75	0.35	64.4%	2	482
3,505	5	74.1%	2.70	2.60	3.00	5.00	0.45	1.05	0.90	55.1%	10	626
NEXT $6.62
7,402	29	68.6%	1.90	1.70	2.05	7.00	1.00	2.00	1.79	59.7%	10	1,114
13,204	2	68.7%	1.01	0.90	1.40	10.00	3.60	4.20	2.65	57.4%	22	370
3,224	8	64.1%	0.72	0.45	1.00	12.00	4.50	7.00	5.50	95.0%	5	15
3,128	133	62.9%	0.43	0.35	0.50	15.00	8.20	8.60	8.32	52.4%	8	159

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 January 21, 2028 expiration, the NEXT put/call ratio based on open interest is 0.11 (3,317 puts vs 31,201 calls), and 0.38 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 January 21, 2028 is about 64.1%, 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.