NRG Energy (NRG) Options Chain

NYSE: NRGUtilitiesElectric Utilities: CentralUSD

107.97+1.65 (+1.55%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 467
Share price: $107.97
Put/call ratio (OI): 2.32
Put/call ratio (volume): 0.65
ATM implied volatility: 48.7%
Expected move: ±$59.45
Open interest (C / P): 1.63K / 3.78K

NRG options summary

The NRG options chain for the January 21, 2028 expiration lists 36 call and 27 put contracts, with 467 days until expiration. Open interest stands at 1,630 calls and 3,779 puts, a put/call ratio of 2.32, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $110.00 strike is 48.7%, which implies the market expects a move of about ±$59.45 (55.1%) in NRG Energy stock by expiration.

The most open interest sits at the $100.00 call (199 contracts) and the $100.00 put (1.77K contracts).

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

NRG options chain · January 21, 2028

NRG 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	—	53.5%	47.27	54.50	57.50	55.00	—	—	—	—	—	—
19	1	53.0%	52.15	50.50	53.60	60.00	2.95	3.80	2.80	51.7%	14	11
26	4	53.2%	48.70	47.00	49.90	65.00	4.00	4.70	4.35	50.1%	1	5
22	4	52.9%	34.98	43.50	46.40	70.00	5.10	6.10	6.68	49.9%	10	24
58	2	53.1%	32.80	40.50	43.10	75.00	6.50	7.60	9.80	49.3%	1	19
85	3	52.3%	32.48	37.00	40.00	80.00	8.00	9.30	10.78	48.8%	9	30
10	6	52.3%	30.90	34.30	37.10	85.00	9.50	11.20	10.28	48.3%	1	38
23	1	52.0%	34.00	31.60	34.30	90.00	11.50	13.30	12.00	47.9%	3	124
13	1	51.7%	30.45	29.20	31.60	95.00	13.70	15.50	14.43	47.2%	1	13
199	2	51.5%	26.40	26.90	29.20	100.00	16.20	18.00	19.10	46.9%	3	1,772
47	5	51.4%	25.78	24.70	27.10	105.00	18.80	20.70	22.40	46.6%	1	180
NRG $107.97
65	1	51.2%	18.02	22.70	25.00	110.00	21.50	23.50	27.35	46.2%	10	285
28	1	51.4%	20.00	21.00	23.30	115.00	24.00	26.60	26.90	46.0%	1	53
102	6	51.2%	20.00	19.20	21.60	120.00	27.80	29.70	28.80	45.6%	4	415
45	1	51.0%	15.74	17.60	20.00	125.00	30.40	33.20	33.80	45.7%	5	10
79	2	51.1%	16.92	16.20	18.60	130.00	34.10	36.50	39.42	45.1%	1	126
60	1	50.5%	14.40	14.90	16.80	135.00	34.50	37.90	25.17	40.2%	2	9
50	1	51.0%	13.80	13.70	16.00	140.00	41.10	43.80	49.87	44.5%	3	40
20	1	51.1%	8.85	12.70	14.90	145.00	45.00	47.70	47.49	44.5%	1	11
155	14	51.0%	12.00	11.70	13.80	150.00	48.50	51.70	58.25	44.4%	1	604
8	1	50.3%	7.80	10.20	12.80	155.00	53.00	56.00	62.70	44.8%	1	1
111	10	51.0%	11.10	9.90	12.00	160.00	57.00	59.80	61.22	43.8%	1	5
23	14	51.1%	6.60	9.20	11.20	165.00	34.00	38.50	34.09	—	—	1
22	2	52.4%	8.40	7.50	10.00	170.00	—	—	—	—	—	—
27	15	50.6%	5.30	7.50	9.60	175.00	—	—	—	—	—	—
16	5	50.6%	7.50	6.90	9.00	180.00	74.50	77.00	76.60	42.9%	5	2
8	2	50.7%	6.08	6.40	8.40	185.00	0.00	0.00	43.00	—	1	0
12	1	50.8%	6.47	6.10	7.70	190.00	—	—	—	—	—	—
4	1	50.7%	4.50	5.40	7.40	195.00	83.00	86.30	60.50	—	1	1
86	1	50.6%	6.20	5.00	6.80	200.00	—	—	—	—	—	—
10	1	50.8%	3.30	4.30	6.00	210.00	0.00	0.00	78.57	—	1	0
0	3	12.5%	7.47	0.00	0.00	220.00	—	—	—	—	—	—
1	1	87.7%	14.50	16.50	21.00	230.00	—	—	—	—	—	—
1	1	54.3%	10.11	2.75	6.00	240.00	—	—	—	—	—	—
14	3	50.6%	1.10	2.10	3.70	250.00	—	—	—	—	—	—
179	10	51.5%	2.81	2.05	3.40	260.00	0.00	0.00	115.05	—	1	0

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 NRG put/call ratio?

For the January 21, 2028 expiration, the NRG put/call ratio based on open interest is 2.32 (3,779 puts vs 1,630 calls), and 0.65 based on today's volume. A ratio above 1 means more puts than calls.

What is NRG's implied volatility?

At-the-money implied volatility for NRG options expiring January 21, 2028 is about 48.7%, an annualized estimate of how much the market expects NRG Energy stock to move.

How many NRG option expiration dates are there?

NRG 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.