Northern (NTRS) Options Chain

NASDAQ: NTRSFinanceMajor BanksUSD

168.21-0.29 (-0.17%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $168.21
Put/call ratio (OI): 1.50
Put/call ratio (volume): 2.53
ATM implied volatility: 32.2%
Expected move: ±$61.36
Open interest (C / P): 320 / 481

NTRS options summary

The NTRS options chain for the January 21, 2028 expiration lists 32 call and 33 put contracts, with 468 days until expiration. Open interest stands at 320 calls and 481 puts, a put/call ratio of 1.50, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $170.00 strike is 32.2%, which implies the market expects a move of about ±$61.36 (36.5%) in Northern stock by expiration.

The most open interest sits at the $220.00 call (94 contracts) and the $90.00 put (120 contracts).

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

NTRS options chain · January 21, 2028

NTRS 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	—	64.3%	12.00	101.50	106.50	65.00	0.05	5.00	11.70	60.1%	4	5
0	2	62.3%	11.70	97.00	102.00	70.00	0.00	3.40	12.20	50.9%	42	50
0	—	60.2%	13.00	92.50	97.50	75.00	0.00	5.00	11.70	51.9%	—	4
2	—	58.1%	11.80	88.50	93.00	80.00	0.00	5.00	11.90	58.9%	—	0
—	—	—	—	—	—	85.00	0.00	0.00	2.88	12.5%	3	0
2	—	53.8%	13.00	79.50	84.00	90.00	0.00	5.00	12.70	51.3%	—	120
1	1	51.6%	11.80	75.00	79.50	95.00	—	—	—	—	—	—
0	—	49.5%	11.30	70.50	75.00	100.00	0.25	5.00	11.80	44.4%	3	3
40	—	48.6%	12.00	66.50	71.00	105.00	—	—	—	—	—	—
—	—	—	—	—	—	110.00	9.50	14.50	7.00	54.6%	1	1
1	—	45.2%	11.90	58.00	62.50	115.00	2.60	5.30	3.50	36.0%	9	96
1	—	42.5%	11.90	54.00	57.80	120.00	2.25	5.60	11.90	33.8%	1	6
0	—	43.4%	11.70	50.50	55.00	125.00	4.30	6.30	5.00	32.5%	1	27
4	4	41.9%	11.90	46.50	51.00	130.00	4.00	7.30	15.00	31.7%	11	12
2	1	40.7%	12.00	43.00	47.30	135.00	5.00	8.50	11.10	31.0%	1	11
6	6	40.1%	11.80	39.50	44.00	140.00	6.50	9.70	12.00	30.1%	1	16
0	—	39.8%	12.00	36.40	41.00	145.00	8.00	11.10	11.30	29.4%	—	1
—	—	—	—	—	—	150.00	9.50	13.10	10.70	29.3%	1	2
2	2	37.3%	11.80	30.00	34.20	155.00	11.50	15.40	13.20	29.4%	20	37
64	—	36.6%	11.80	27.00	31.30	160.00	13.00	16.40	17.00	27.4%	1	64
41	1	36.6%	13.60	24.50	29.00	165.00	15.50	19.90	11.80	28.6%	22	21
NTRS $168.21
2	2	36.0%	12.70	22.00	26.50	170.00	17.50	22.50	20.00	28.4%	1	1
0	—	35.4%	11.70	19.50	24.00	175.00	20.00	24.50	22.02	27.1%	2	1
2	2	35.1%	11.90	17.00	22.00	180.00	22.50	27.50	12.20	26.9%	—	2
21	17	34.8%	11.70	15.00	20.00	185.00	19.80	24.50	26.70	18.3%	—	1
2	1	24.8%	10.80	6.00	11.00	190.00	28.50	33.00	11.60	25.2%	—	0
3	1	33.5%	11.80	11.50	16.00	195.00	32.00	36.50	11.20	24.9%	—	0
3	1	33.1%	11.90	10.00	14.30	200.00	35.00	40.00	12.00	24.5%	—	0
2	1	33.2%	10.80	7.00	12.00	210.00	42.50	47.00	11.90	22.8%	—	0
94	2	32.4%	9.00	4.50	9.50	220.00	—	—	—	—	—	—
20	1	31.8%	13.00	3.00	7.50	230.00	60.00	64.00	11.60	21.5%	—	0
1	—	32.5%	10.50	1.50	6.50	240.00	69.50	74.00	12.30	23.5%	—	0
0	—	31.7%	11.40	0.50	5.00	250.00	79.00	84.00	11.30	25.3%	—	0
4	4	31.5%	11.90	0.20	4.00	260.00	89.00	94.00	14.50	27.1%	—	0
0	—	35.5%	13.10	0.05	5.00	270.00	99.00	104.00	11.70	28.7%	—	0
—	—	—	—	—	—	280.00	109.00	114.00	13.30	30.3%	—	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 NTRS put/call ratio?

For the January 21, 2028 expiration, the NTRS put/call ratio based on open interest is 1.50 (481 puts vs 320 calls), and 2.53 based on today's volume. A ratio above 1 means more puts than calls.

What is NTRS's implied volatility?

At-the-money implied volatility for NTRS options expiring January 21, 2028 is about 32.2%, an annualized estimate of how much the market expects Northern stock to move.

How many NTRS option expiration dates are there?

NTRS has 6 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.