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 23, 2026
Days to expiration: 12
Share price: $12.75
Put/call ratio (OI): 0.70
Put/call ratio (volume): 0.04
ATM implied volatility: 93.2%
Expected move: ±$2.15
Open interest (C / P): 11.37K / 7.93K

NVAX options summary

The NVAX options chain for the October 23, 2026 expiration lists 28 call and 22 put contracts, with 12 days until expiration. Open interest stands at 11,369 calls and 7,929 puts, a put/call ratio of 0.70, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.50 strike is 93.2%, which implies the market expects a move of about ±$2.15 (16.9%) in Novavax stock by expiration.

The most open interest sits at the $13.00 call (5.09K contracts) and the $11.00 put (7.21K contracts).

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

NVAX options chain · October 23, 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
0	6	362.5%	9.25	7.30	11.30	3.50	—	—	—	—	—	—
2	4	328.1%	8.80	6.80	10.80	4.00	0.00	1.50	11.85	660.2%	—	0
0	2	928.9%	8.30	6.30	10.10	4.50	0.00	2.13	11.85	695.3%	—	0
0	16	335.9%	7.80	6.85	8.95	5.00	—	—	—	—	—	—
—	—	—	—	—	—	5.50	0.00	1.33	11.10	476.2%	—	0
0	2	265.6%	6.78	4.95	8.80	6.00	0.00	1.52	13.70	459.4%	—	0
0	—	229.7%	11.60	4.40	8.30	6.50	0.00	1.56	11.70	425.0%	—	0
1	2	207.8%	5.83	5.50	6.20	7.00	0.00	1.98	14.00	432.4%	—	0
0	—	162.5%	11.95	3.30	7.30	7.50	0.00	2.13	12.70	410.6%	—	0
6	2	227.3%	4.79	4.20	5.90	8.00	0.00	2.13	0.03	376.2%	10	25
0	—	109.4%	11.85	2.34	6.20	8.50	0.00	2.13	0.09	344.1%	6	23
0	—	166.4%	13.40	2.15	5.80	9.00	0.00	0.95	0.11	216.8%	10	249
30	9	375.0%	3.02	1.35	4.95	9.50	0.00	0.30	0.16	129.7%	2	246
6	2	190.6%	2.02	1.82	3.35	10.00	0.02	0.10	0.10	88.3%	3	142
13	2	65.6%	1.76	1.70	2.87	10.50	0.01	0.23	0.10	89.1%	1	19
214	49	99.8%	1.97	1.85	2.20	11.00	0.05	0.23	0.23	77.3%	34	7,208
2,542	3,229	58.2%	1.62	1.11	1.64	11.50	—	—	—	—	—	—
306	412	94.0%	1.45	1.15	1.45	12.00	0.49	0.63	0.41	95.1%	139	16
190	124	93.2%	1.00	0.77	1.26	12.50	—	—	—	—	—	—
NVAX $12.75
5,088	133	88.3%	0.80	0.60	0.87	13.00	0.83	2.05	11.95	135.6%	—	0
28	39	90.2%	0.58	0.41	0.72	13.50	0.61	2.74	11.60	128.3%	—	0
2,741	459	93.0%	0.52	0.25	0.63	14.00	1.20	2.72	12.00	123.0%	—	0
22	16	125.2%	0.09	0.21	0.97	14.50	1.24	3.65	11.75	136.9%	—	0
167	298	97.8%	0.34	0.10	0.43	15.00	—	—	—	—	—	—
2	5	102.7%	0.22	0.01	0.32	16.00	1.55	5.40	5.20	113.3%	1	1
0	—	176.9%	11.95	0.01	1.04	17.00	—	—	—	—	—	—
0	—	206.8%	11.60	0.01	1.20	18.00	3.35	7.35	11.65	121.5%	—	0
0	—	169.1%	11.70	0.00	0.50	19.00	—	—	—	—	—	—
11	1	301.8%	0.09	0.00	2.17	20.00	5.70	9.30	11.70	183.6%	—	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 NVAX put/call ratio?

For the October 23, 2026 expiration, the NVAX put/call ratio based on open interest is 0.70 (7,929 puts vs 11,369 calls), and 0.04 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 23, 2026 is about 93.2%, 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.