Annaly Capital Management (NLY) Options Chain

NYSE: NLYReal EstateReal Estate Investment TrustsUSD

18.05-0.225 (-1.23%)

Market open · Delayed 15 min · as of Oct 9, 10:41 AM ET

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 0
Share price: $18.05
Put/call ratio (OI): 0.12
Put/call ratio (volume): 0.02
ATM implied volatility: 40.8%
Expected move: ±$0.3857
Open interest (C / P): 7.78K / 967

NLY options summary

The NLY options chain for the October 9, 2026 expiration lists 22 call and 28 put contracts, expiring today. Open interest stands at 7,777 calls and 967 puts, a put/call ratio of 0.12, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $18.00 strike is 40.8%, which implies the market expects a move of about ±$0.3857 (2.1%) in Annaly Capital Management stock by expiration.

The most open interest sits at the $19.00 call (3.52K contracts) and the $18.50 put (454 contracts).

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

NLY options chain · October 9, 2026

NLY 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	259.4%	4.09	4.00	4.15	14.00	—	—	0.01	—	—	—
67	1	248.4%	3.13	3.00	3.25	15.00	0.00	0.05	0.28	196.9%	2	3
4	2	215.6%	2.18	2.08	2.30	16.00	0.00	2.13	0.49	542.2%	—	1
9	1	165.6%	0.96	0.90	1.64	17.00	0.00	2.12	0.02	418.8%	3	28
14	6	118.8%	0.68	0.20	1.34	17.50	0.00	0.07	0.03	53.9%	30	124
501	1	57.0%	0.15	0.14	0.24	18.00	0.01	0.07	0.05	24.6%	4	299
NLY $18.05
1,481	2,612	57.8%	0.05	0.00	0.13	18.50	0.03	0.70	0.29	114.8%	1	454
3,523	32	50.0%	0.01	0.00	0.01	19.00	0.76	1.10	0.75	125.0%	6	50
792	1	95.3%	0.01	0.00	0.05	19.50	0.91	1.66	1.61	182.0%	2	0
69	14	90.6%	0.01	0.00	0.01	20.00	1.52	2.15	2.02	210.9%	2	0
15	13	247.7%	0.01	0.00	0.43	20.50	1.90	2.60	2.65	219.5%	1	1
434	1	150.0%	0.01	0.00	0.03	21.00	2.37	3.20	2.83	291.4%	1	0
105	11	175.0%	0.03	0.00	0.04	21.50	2.65	3.80	3.38	358.6%	1	1
266	1	162.5%	0.01	0.00	0.01	22.00	3.20	4.30	3.53	386.7%	1	3
148	1	175.0%	0.01	0.00	0.01	22.50	3.65	4.80	4.57	413.3%	2	0
44	1	187.5%	0.01	0.00	0.01	23.00	2.91	5.95	4.99	661.7%	3	3
89	4	200.0%	0.02	0.00	0.01	23.50	4.65	5.80	5.65	463.3%	1	0
56	1	218.8%	0.01	0.00	0.01	24.00	—	—	6.08	—	—	—
101	1	237.5%	0.04	0.00	0.01	24.50	—	—	6.44	—	—	—
—	—	—	—	—	—	25.00	6.10	7.50	7.05	614.1%	2	0
—	—	—	—	—	—	25.50	—	—	8.12	—	—	—
—	—	—	—	—	—	26.00	—	—	8.55	—	—	—
—	—	—	—	—	—	27.00	—	—	9.02	—	—	—
—	—	—	—	—	—	27.50	—	—	9.65	—	—	—
—	—	—	—	—	—	28.00	—	—	10.08	—	—	—
—	—	—	0.77	—	—	28.50	—	—	10.29	—	—	—
—	—	—	0.67	—	—	29.00	—	—	11.09	—	—	—
—	—	—	0.05	—	—	30.00	—	—	12.01	—	—	—

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 NLY put/call ratio?

For the October 9, 2026 expiration, the NLY put/call ratio based on open interest is 0.12 (967 puts vs 7,777 calls), and 0.02 based on today's volume. A ratio above 1 means more puts than calls.

What is NLY's implied volatility?

At-the-money implied volatility for NLY options expiring October 9, 2026 is about 40.8%, an annualized estimate of how much the market expects Annaly Capital Management stock to move.

How many NLY option expiration dates are there?

NLY has 14 listed expiration dates, from Oct 9, 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.