Northern Oil and Gas (NOG) Options Chain

NYSE: NOGEnergyOil & Gas ProductionUSD

25.09+0.91 (+3.76%)

Market open · Delayed 15 min · as of Oct 8, 3:53 PM ET

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 8
Share price: $25.15
Put/call ratio (OI): 0.21
Put/call ratio (volume): 0.53
ATM implied volatility: 42.8%
Expected move: ±$1.59
Open interest (C / P): 7.01K / 1.47K

NOG options summary

The NOG options chain for the October 16, 2026 expiration lists 20 call and 10 put contracts, with 8 days until expiration. Open interest stands at 7,013 calls and 1,474 puts, a put/call ratio of 0.21, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $25.00 strike is 42.8%, which implies the market expects a move of about ±$1.59 (6.3%) in Northern Oil and Gas stock by expiration.

The most open interest sits at the $24.00 call (2.28K contracts) and the $25.00 put (307 contracts).

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

NOG options chain · October 16, 2026

NOG 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
0	—	185.2%	7.20	8.00	9.30	16.00	—	—	—	—	—	—
0	45	164.4%	6.30	7.00	8.30	17.00	—	—	—	—	—	—
6	1	50.0%	7.10	7.00	7.30	18.00	0.00	0.20	0.05	132.4%	1	2
0	2	125.4%	5.95	5.10	6.30	19.00	0.00	0.40	0.10	135.0%	—	1
0	11	107.0%	3.30	4.10	5.30	20.00	0.00	0.20	0.22	97.3%	1	36
13	3	89.1%	2.34	3.10	4.30	21.00	0.00	0.40	0.10	96.7%	140	244
33	4	71.5%	2.95	2.90	3.30	22.00	0.00	0.30	0.05	71.5%	1	228
228	24	53.7%	2.00	2.00	2.30	23.00	0.05	0.15	0.11	53.7%	10	284
2,281	15	43.9%	1.25	1.25	1.40	24.00	0.15	0.30	0.25	47.9%	2	153
847	75	39.6%	0.65	0.60	0.70	25.00	0.50	0.65	0.55	46.0%	10	307
NOG $25.15
2,271	124	43.4%	0.20	0.20	0.35	26.00	1.10	1.25	3.50	46.8%	10	107
567	15	39.3%	0.10	0.05	0.10	27.00	1.90	2.90	2.40	77.5%	1	112
247	5	52.7%	0.35	0.00	0.20	28.00	—	—	—	—	—	—
228	1	71.9%	0.05	0.00	0.30	29.00	—	—	—	—	—	—
249	2	57.8%	0.05	0.00	0.05	30.00	—	—	—	—	—	—
26	1	102.0%	0.10	0.00	0.40	31.00	—	—	—	—	—	—
13	4	112.7%	0.48	0.00	0.40	32.00	—	—	—	—	—	—
1	1	82.8%	0.05	0.00	0.05	33.00	—	—	—	—	—	—
2	1	90.6%	0.05	0.00	0.05	34.00	—	—	—	—	—	—
1	1	116.4%	0.15	0.00	0.15	35.00	—	—	—	—	—	—

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 NOG put/call ratio?

For the October 16, 2026 expiration, the NOG put/call ratio based on open interest is 0.21 (1,474 puts vs 7,013 calls), and 0.53 based on today's volume. A ratio above 1 means more puts than calls.

What is NOG's implied volatility?

At-the-money implied volatility for NOG options expiring October 16, 2026 is about 42.8%, an annualized estimate of how much the market expects Northern Oil and Gas stock to move.

How many NOG option expiration dates are there?

NOG has 8 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.