Novavax (NVAX) Options Chain

NASDAQ: NVAXHealth CareBiotechnology: Biological Products (No Diagnostic Substances)USD

12.75+1.74 (+15.80%)

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

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $12.75
Put/call ratio (OI): 0.25
Put/call ratio (volume): 0.20
ATM implied volatility: 92.6%
Expected move: ±$1.38
Open interest (C / P): 36.93K / 9.09K

NVAX options summary

The NVAX options chain for the October 16, 2026 expiration lists 30 call and 26 put contracts, with 5 days until expiration. Open interest stands at 36,930 calls and 9,087 puts, a put/call ratio of 0.25, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.50 strike is 92.6%, which implies the market expects a move of about ±$1.38 (10.8%) in Novavax stock by expiration.

The most open interest sits at the $13.00 call (10.42K contracts) and the $13.00 put (4.16K contracts).

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

NVAX options chain · October 16, 2026

NVAX 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
121	2	1518.8%	12.00	10.90	13.05	1.00	0.00	0.02	0.02	837.5%	1	11
2	6	1570.3%	10.67	10.25	12.70	2.00	—	—	—	—	—	—
3	2	962.5%	9.85	9.15	11.15	3.00	0.00	0.02	0.34	475.0%	3	4
1	6	852.3%	8.70	8.30	10.25	4.00	0.00	0.02	0.23	381.3%	1	5
21	8	738.3%	7.70	7.15	9.55	5.00	0.00	0.02	0.38	312.5%	3	34
1,018	10	859.4%	6.30	4.95	8.05	6.00	0.00	0.68	0.02	509.4%	1	191
—	—	—	—	—	—	6.50	—	—	0.55	—	—	—
1,739	35	436.7%	5.70	5.45	6.80	7.00	0.00	0.15	0.06	287.5%	1	908
—	—	—	—	—	—	7.50	0.00	0.01	0.01	168.8%	2	1
1,678	162	187.5%	4.94	4.45	5.10	8.00	0.00	0.50	0.02	315.6%	5	1,491
20	1	339.8%	2.81	3.75	5.60	8.50	0.00	0.14	0.04	203.1%	3	33
2,553	6	245.3%	3.90	3.10	4.85	9.00	0.00	0.22	0.18	200.0%	7	126
1	1	297.7%	2.80	2.90	4.65	9.50	0.00	0.10	0.05	145.3%	251	304
4,057	1,304	157.0%	2.75	2.50	3.25	10.00	0.01	0.04	0.04	107.8%	115	314
130	3	103.9%	2.35	1.94	2.66	10.50	0.01	0.07	0.05	98.4%	56	1,218
3,471	446	105.1%	1.85	1.63	2.09	11.00	0.08	0.10	0.08	98.4%	26	233
631	188	100.0%	1.48	1.27	1.60	11.50	0.12	0.24	0.14	98.8%	1,128	17
1,413	1,657	95.3%	1.10	0.84	1.26	12.00	0.25	0.41	0.31	100.4%	363	27
898	1,394	92.6%	0.75	0.66	0.80	12.50	—	—	1.54	—	—	—
NVAX $12.75
10,416	10,224	103.7%	0.57	0.52	0.61	13.00	0.77	0.87	0.86	104.5%	2,232	4,163
—	—	—	0.19	—	—	13.50	—	—	3.10	—	—	—
752	1,922	121.5%	0.32	0.26	0.44	14.00	0.95	2.80	2.19	167.6%	2	5
—	—	—	0.08	—	—	14.50	—	—	—	—	—	—
3,321	3,266	121.5%	0.18	0.15	0.18	15.00	2.07	2.78	2.51	123.8%	5	0
42	47	144.5%	0.11	0.01	0.38	15.50	2.37	4.75	5.10	261.3%	—	2
474	442	139.8%	0.11	0.10	0.15	16.00	2.83	4.50	4.90	207.8%	1	0
651	42	150.8%	0.10	0.05	0.12	17.00	0.00	0.00	7.91	—	—	0
667	15	210.9%	0.07	0.06	0.33	18.00	—	—	—	—	—	—
55	1	207.0%	0.20	0.00	0.24	19.00	—	—	—	—	—	—
2,795	140	193.8%	0.01	0.01	0.10	20.00	0.00	0.00	9.37	—	2	0
—	—	—	0.01	—	—	25.00	—	—	—	—	—	—
—	—	—	0.09	—	—	26.00	—	—	—	—	—	—

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 NVAX put/call ratio?

For the October 16, 2026 expiration, the NVAX put/call ratio based on open interest is 0.25 (9,087 puts vs 36,930 calls), and 0.20 based on today's volume. A ratio above 1 means more puts than calls.

What is NVAX's implied volatility?

At-the-money implied volatility for NVAX options expiring October 16, 2026 is about 92.6%, an annualized estimate of how much the market expects Novavax stock to move.

How many NVAX option expiration dates are there?

NVAX has 11 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.