National Fuel Gas (NFG) Options Chain

NYSE: NFGUtilitiesOil/Gas TransmissionUSD

78.66+0.45 (+0.58%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $78.66
Put/call ratio (OI): 4.45
Put/call ratio (volume): 13.36
ATM implied volatility: 32.0%
Expected move: ±$12.93
Open interest (C / P): 473 / 2.10K

NFG options summary

The NFG options chain for the January 15, 2027 expiration lists 11 call and 8 put contracts, with 96 days until expiration. Open interest stands at 473 calls and 2,104 puts, a put/call ratio of 4.45, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $80.00 strike is 32.0%, which implies the market expects a move of about ±$12.93 (16.4%) in National Fuel Gas stock by expiration.

The most open interest sits at the $85.00 call (198 contracts) and the $75.00 put (1.35K contracts).

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

NFG options chain · January 15, 2027

NFG 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
1	1	149.7%	42.84	41.20	44.80	40.00	—	—	—	—	—	—
12	2	51.3%	20.67	17.50	20.10	60.00	0.05	0.75	0.75	42.0%	—	2
7	1	44.3%	12.47	13.30	15.50	65.00	0.05	1.00	0.75	35.5%	1	4
5	6	40.9%	8.20	8.90	11.50	70.00	0.75	1.65	1.00	31.4%	225	707
17	2	35.4%	5.16	5.00	7.60	75.00	1.30	3.20	2.45	30.5%	455	1,350
NFG $78.66
28	11	31.5%	3.90	2.40	4.50	80.00	3.70	6.00	5.60	32.5%	16	39
198	21	29.4%	1.57	1.55	2.40	85.00	7.20	9.20	8.00	32.5%	11	2
177	1	29.4%	0.86	0.70	1.30	90.00	—	—	—	—	—	—
22	4	31.0%	0.50	0.10	0.80	95.00	0.00	0.00	16.30	—	—	0
4	3	35.9%	0.52	0.00	0.75	100.00	0.00	0.00	16.74	—	—	0
2	1	53.9%	0.40	0.00	0.75	120.00	—	—	—	—	—	—

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 January 15, 2027 expiration, the NFG put/call ratio based on open interest is 4.45 (2,104 puts vs 473 calls), and 13.36 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 January 15, 2027 is about 32.0%, 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.