Northern Oil and Gas (NOG) Options Chain
NYSE: NOGEnergyOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Jan 21, 2028
- Days to expiration
- 468
- Share price
- $24.76
- Put/call ratio (OI)
- 0.14
- Put/call ratio (volume)
- 0.07
- Expected move
- ±$12.46
- Open interest (C / P)
- 275 / 39
NOG options summary
The NOG options chain for the January 21, 2028 expiration lists 6 call and 1 put contracts, with 468 days until expiration. Open interest stands at 275 calls and 39 puts, a put/call ratio of 0.14, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $25.00 strike is 44.5%, which implies the market expects a move of about ±$12.46 (50.3%) in Northern Oil and Gas stock by expiration.
The most open interest sits at the $25.00 call (222 contracts) and the $25.00 put (39 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
NOG options chain · January 21, 2028
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 6.52 | 7.30 | 9.30 | 18.00 | — | — | — | |||||
| 5.80 | 6.20 | 7.50 | 20.00 | — | — | — | |||||
| 3.90 | 4.70 | 5.80 | 23.00 | — | — | — | |||||
| 2.80 | 3.90 | 4.60 | 25.00 | 4.40 | 5.30 | 5.28 | |||||
| 2.00 | 2.25 | 3.10 | 30.00 | — | — | — | |||||
| 1.30 | — | — | 37.00 | — | — | — | |||||
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 January 21, 2028 expiration, the NOG put/call ratio based on open interest is 0.14 (39 puts vs 275 calls), and 0.07 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 January 21, 2028 is about 44.5%, 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.