NexPoint Real Estate Finance (NREF) Options Chain

NYSE: NREFReal EstateReal Estate Investment TrustsUSD

15.38-0.20 (-1.28%)

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

Expiration date

Expiration: Feb 19, 2027
Days to expiration: 131
Share price: $15.38
Put/call ratio (OI): 0.74
Put/call ratio (volume): 0.64
ATM implied volatility: 39.4%
Expected move: ±$3.63
Open interest (C / P): 39 / 29

NREF options summary

The NREF options chain for the February 19, 2027 expiration lists 2 call and 2 put contracts, with 131 days until expiration. Open interest stands at 39 calls and 29 puts, a put/call ratio of 0.74, which is fairly balanced between calls and puts. At-the-money implied volatility near the $15.00 strike is 39.4%, which implies the market expects a move of about ±$3.63 (23.6%) in NexPoint Real Estate Finance stock by expiration.

The most open interest sits at the $17.50 call (23 contracts) and the $15.00 put (24 contracts).

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

NREF options chain · February 19, 2027

NREF 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	0.00	0.75	0.10	67.9%	5	5
—	—	—	—	—	—	15.00	0.90	1.25	1.10	39.4%	2	24
NREF $15.38
23	1	46.3%	0.41	0.05	0.95	17.50	—	—	—	—	—	—
16	10	56.6%	0.50	0.00	0.75	20.00	—	—	—	—	—	—

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 NREF put/call ratio?

For the February 19, 2027 expiration, the NREF put/call ratio based on open interest is 0.74 (29 puts vs 39 calls), and 0.64 based on today's volume. A ratio above 1 means more puts than calls.

What is NREF's implied volatility?

At-the-money implied volatility for NREF options expiring February 19, 2027 is about 39.4%, an annualized estimate of how much the market expects NexPoint Real Estate Finance stock to move.

How many NREF option expiration dates are there?

NREF has 3 listed expiration dates, from Oct 16, 2026 to Feb 19, 2027.

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.