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: Jan 21, 2028
Days to expiration: 469
Share price: $18.30
Put/call ratio (OI): 0.77
Put/call ratio (volume): 0.59
ATM implied volatility: 29.7%
Expected move: ±$6.15
Open interest (C / P): 9.54K / 7.38K

NLY options summary

The NLY options chain for the January 21, 2028 expiration lists 9 call and 10 put contracts, with 469 days until expiration. Open interest stands at 9,543 calls and 7,380 puts, a put/call ratio of 0.77, which is fairly balanced between calls and puts. At-the-money implied volatility near the $18.00 strike is 29.7%, which implies the market expects a move of about ±$6.15 (33.6%) in Annaly Capital Management stock by expiration.

The most open interest sits at the $25.00 call (3.00K contracts) and the $13.00 put (3.04K contracts).

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

NLY options chain · January 21, 2028

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
—	—	—	—	—	—	10.00	—	—	0.29	—	—	—
1	2	71.8%	6.25	3.00	8.00	13.00	0.64	0.89	0.78	39.9%	100	3,043
23	10	27.3%	3.39	2.97	4.10	15.00	0.30	1.53	1.52	38.8%	47	1,023
377	163	16.9%	1.36	1.23	1.54	18.00	2.74	3.30	3.15	42.4%	36	968
NLY $18.30
1,103	46	19.9%	0.81	0.60	1.00	20.00	4.20	4.90	5.00	46.7%	7	1,030
1,680	1	25.9%	0.39	0.25	0.95	22.00	5.75	6.50	6.40	49.1%	4	1,062
2,996	25	21.6%	0.17	0.10	0.25	25.00	6.50	11.50	9.03	51.7%	1	155
1,887	15	25.1%	0.14	0.00	0.25	27.00	0.00	0.00	6.63	—	2	0
1,157	76	25.5%	0.06	0.05	0.12	30.00	12.25	14.45	12.65	54.0%	1	80
319	10	68.7%	0.05	0.00	5.00	32.00	13.00	18.00	11.34	59.5%	6	19

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 January 21, 2028 expiration, the NLY put/call ratio based on open interest is 0.77 (7,380 puts vs 9,543 calls), and 0.59 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 January 21, 2028 is about 29.7%, 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.