NGL ENERGY PARTNERS (NGL) Options Chain

NYSE: NGLUtilitiesNatural Gas DistributionUSD

14.74-0.53 (-3.47%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $14.74
Put/call ratio (OI): 0.03
Put/call ratio (volume): 0.04
ATM implied volatility: 56.5%
Expected move: ±$4.27
Open interest (C / P): 3.81K / 127

NGL options summary

The NGL options chain for the January 15, 2027 expiration lists 17 call and 7 put contracts, with 96 days until expiration. Open interest stands at 3,811 calls and 127 puts, a put/call ratio of 0.03, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $15.00 strike is 56.5%, which implies the market expects a move of about ±$4.27 (29.0%) in NGL ENERGY PARTNERS stock by expiration.

The most open interest sits at the $18.00 call (1.45K contracts) and the $18.00 put (55 contracts).

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

NGL options chain · January 15, 2027

NGL 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
10	55	105.7%	8.30	5.60	7.10	9.00	—	—	—	—	—	—
—	—	—	—	—	—	10.00	0.05	0.65	0.59	72.7%	—	30
10	1	79.0%	4.10	3.80	5.10	11.00	—	—	—	—	—	—
51	100	70.8%	6.20	3.00	4.20	12.00	—	—	—	—	—	—
5	3	69.1%	5.50	2.40	3.50	13.00	0.00	0.00	0.70	6.3%	—	0
1	—	64.8%	3.71	1.85	2.75	14.00	0.40	1.20	1.00	52.3%	—	2
NGL $14.74
16	10	60.0%	2.91	1.45	1.95	15.00	1.40	2.10	1.27	53.0%	4	34
111	4	56.7%	2.01	1.10	1.35	16.00	—	—	—	—	—	—
12	4	60.1%	1.52	0.65	1.40	17.00	1.80	3.10	3.45	53.6%	—	1
1,445	20	56.9%	0.89	0.35	1.05	18.00	3.10	4.10	2.20	62.1%	6	55
697	1	57.0%	1.45	0.15	0.90	19.00	3.90	5.00	4.10	65.8%	1	5
1,027	1	55.1%	0.45	0.20	0.50	20.00	—	—	—	—	—	—
205	4	60.5%	0.68	0.05	0.65	21.00	—	—	—	—	—	—
69	40	62.8%	1.00	0.05	0.55	22.00	—	—	—	—	—	—
150	1	65.8%	0.46	0.05	0.50	23.00	—	—	—	—	—	—
1	—	97.8%	1.50	0.15	1.50	24.00	—	—	—	—	—	—
1	—	94.5%	1.35	0.05	1.25	25.00	—	—	—	—	—	—
0	1	25.0%	0.60	0.00	0.00	30.00	—	—	—	—	—	—

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 NGL put/call ratio?

For the January 15, 2027 expiration, the NGL put/call ratio based on open interest is 0.03 (127 puts vs 3,811 calls), and 0.04 based on today's volume. A ratio above 1 means more puts than calls.

What is NGL's implied volatility?

At-the-money implied volatility for NGL options expiring January 15, 2027 is about 56.5%, an annualized estimate of how much the market expects NGL ENERGY PARTNERS stock to move.

How many NGL option expiration dates are there?

NGL 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.