Annaly Capital Management (NLY) Options Chain

NYSE: NLYReal EstateReal Estate Investment TrustsUSD

18.30+0.03 (+0.16%)

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

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 6
Share price: $18.30
Put/call ratio (OI): 0.76
Put/call ratio (volume): 0.12
ATM implied volatility: 48.6%
Expected move: ±$1.14
Open interest (C / P): 36.58K / 27.96K

NLY options summary

The NLY options chain for the October 16, 2026 expiration lists 24 call and 21 put contracts, with 6 days until expiration. Open interest stands at 36,580 calls and 27,962 puts, a put/call ratio of 0.76, which is fairly balanced between calls and puts. At-the-money implied volatility near the $18.50 strike is 48.6%, which implies the market expects a move of about ±$1.14 (6.2%) in Annaly Capital Management stock by expiration.

The most open interest sits at the $21.00 call (8.20K contracts) and the $21.00 put (14.68K contracts).

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

NLY options chain · October 16, 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
2	8	145.3%	4.35	3.70	5.10	14.00	0.00	0.02	0.01	96.9%	1	392
4	2	145.3%	3.35	2.30	4.75	15.00	0.00	0.63	0.01	162.9%	1	30
2	4	64.1%	2.36	1.75	2.91	16.00	0.00	0.02	0.01	53.1%	40	220
6	2	92.4%	0.90	0.69	1.64	17.00	0.01	0.06	0.02	47.7%	25	256
21	20	83.6%	0.88	0.51	1.23	17.50	0.01	0.13	0.07	44.9%	61	1,732
5,935	598	35.4%	0.43	0.35	0.50	18.00	0.08	0.17	0.15	31.8%	301	1,805
NLY $18.30
440	5,095	35.2%	0.16	0.06	0.24	18.50	0.26	0.69	0.36	62.1%	80	1,300
1,629	66	29.7%	0.05	0.03	0.06	19.00	0.67	0.81	0.81	37.3%	8	5,468
74	14	52.7%	0.01	0.00	0.12	19.50	0.72	1.61	1.25	91.4%	1	600
356	2	41.4%	0.01	0.00	0.02	20.00	1.59	1.82	1.80	65.6%	106	1,255
448	3	50.0%	0.01	0.00	0.02	20.50	1.59	2.40	2.33	91.4%	1	0
8,196	1	53.1%	0.01	0.00	0.02	21.00	2.61	2.71	2.85	53.1%	7	14,677
77	57	142.6%	0.05	0.00	0.75	21.50	2.60	3.25	1.44	79.7%	1	1
5,693	3	79.7%	0.01	0.00	0.06	22.00	3.00	3.75	3.85	88.3%	2	167
123	1	96.9%	0.02	0.00	0.10	22.50	3.60	4.30	2.59	112.5%	3	0
7,462	1	89.1%	0.02	0.00	0.04	23.00	3.65	4.95	3.82	154.7%	37	0
4,057	16	137.9%	0.05	0.00	0.20	24.00	4.70	6.30	4.25	230.9%	6	0
1,629	5	106.3%	0.01	0.00	0.02	25.00	6.00	8.05	7.04	205.5%	2	0
—	—	—	—	—	—	25.50	—	—	7.34	—	—	—
351	11	121.9%	0.01	0.00	0.03	26.00	1.92	5.95	3.98	—	—	59
65	3	118.8%	0.03	0.00	0.01	27.00	—	—	—	—	—	—
4	1	369.7%	0.05	0.00	2.13	28.00	—	—	—	—	—	—
4	—	296.5%	0.15	0.00	0.95	29.00	9.65	11.95	11.05	206.3%	2	0
2	—	193.8%	0.02	0.00	0.10	30.00	—	—	—	—	—	—
0	16	50.0%	0.02	0.00	0.00	31.00	—	—	—	—	—	—

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 NLY put/call ratio?

For the October 16, 2026 expiration, the NLY put/call ratio based on open interest is 0.76 (27,962 puts vs 36,580 calls), and 0.12 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 16, 2026 is about 48.6%, 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 13 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.