Norfolk Southern (NSC) Options Chain
NYSE: NSCIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $317.79
- Put/call ratio (OI)
- 0.79
- Put/call ratio (volume)
- 0.25
- Expected move
- ±$27.82
- Open interest (C / P)
- 1.00K / 789
NSC options summary
The NSC options chain for the November 20, 2026 expiration lists 8 call and 7 put contracts, with 40 days until expiration. Open interest stands at 1,004 calls and 789 puts, a put/call ratio of 0.79, which is fairly balanced between calls and puts. At-the-money implied volatility near the $320.00 strike is 26.4%, which implies the market expects a move of about ±$27.82 (8.8%) in Norfolk Southern stock by expiration.
The most open interest sits at the $330.00 call (560 contracts) and the $330.00 put (404 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
NSC options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 260.00 | 0.00 | 1.80 | 0.85 | |||||
| — | — | — | 270.00 | 0.00 | 1.95 | 1.66 | |||||
| — | — | — | 280.00 | 0.90 | 2.05 | 2.05 | |||||
| 29.92 | 28.50 | 31.60 | 290.00 | 1.55 | 2.85 | 2.85 | |||||
| 22.02 | 20.60 | 23.30 | 300.00 | 3.30 | 4.50 | 4.50 | |||||
| 13.27 | 13.50 | 16.00 | 310.00 | 5.90 | 7.30 | 7.30 | |||||
| 8.80 | 8.10 | 10.20 | 320.00 | — | — | — | |||||
| 4.90 | 2.60 | 5.10 | 330.00 | 15.00 | 18.10 | 21.85 | |||||
| 2.20 | 2.00 | 2.65 | 340.00 | — | — | — | |||||
| 1.25 | 0.90 | 1.25 | 350.00 | — | — | — | |||||
| 0.60 | 0.00 | 2.60 | 360.00 | — | — | — | |||||
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 NSC put/call ratio?
For the November 20, 2026 expiration, the NSC put/call ratio based on open interest is 0.79 (789 puts vs 1,004 calls), and 0.25 based on today's volume. A ratio above 1 means more puts than calls.
What is NSC's implied volatility?
At-the-money implied volatility for NSC options expiring November 20, 2026 is about 26.4%, an annualized estimate of how much the market expects Norfolk Southern stock to move.
How many NSC option expiration dates are there?
NSC has 8 listed expiration dates, from Oct 16, 2026 to Jan 21, 2028.
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.