National Fuel Gas (NFG) Options Chain
NYSE: NFGUtilitiesOil/Gas TransmissionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $78.66
- Put/call ratio (OI)
- 0.04
- Put/call ratio (volume)
- 1.00
- Expected move
- ±$9.24
- Open interest (C / P)
- 1.00K / 45
NFG options summary
The NFG options chain for the November 20, 2026 expiration lists 3 call and 3 put contracts, with 40 days until expiration. Open interest stands at 1,000 calls and 45 puts, a put/call ratio of 0.04, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $80.00 strike is 35.5%, which implies the market expects a move of about ±$9.24 (11.8%) in National Fuel Gas stock by expiration.
The most open interest sits at the $85.00 call (920 contracts) and the $75.00 put (31 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
NFG options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 70.00 | 0.20 | 0.90 | 0.53 | |||||
| — | — | — | 75.00 | 0.80 | 2.00 | 2.11 | |||||
| 2.35 | 1.10 | 3.10 | 80.00 | 2.95 | 4.50 | 4.60 | |||||
| 0.77 | 0.55 | 1.20 | 85.00 | — | — | — | |||||
| 0.40 | 0.15 | 0.80 | 90.00 | — | — | — | |||||
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 NFG put/call ratio?
For the November 20, 2026 expiration, the NFG put/call ratio based on open interest is 0.04 (45 puts vs 1,000 calls), and 1.00 based on today's volume. A ratio above 1 means more puts than calls.
What is NFG's implied volatility?
At-the-money implied volatility for NFG options expiring November 20, 2026 is about 35.5%, an annualized estimate of how much the market expects National Fuel Gas stock to move.
How many NFG option expiration dates are there?
NFG has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 2027.
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.