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: Jan 15, 2027
Days to expiration: 96
Share price: $12.75
Put/call ratio (OI): 0.52
Put/call ratio (volume): 0.12
ATM implied volatility: 80.4%
Expected move: ±$5.26
Open interest (C / P): 61.98K / 32.18K

NVAX options summary

The NVAX options chain for the January 15, 2027 expiration lists 19 call and 19 put contracts, with 96 days until expiration. Open interest stands at 61,984 calls and 32,181 puts, a put/call ratio of 0.52, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.50 strike is 80.4%, which implies the market expects a move of about ±$5.26 (41.2%) in Novavax stock by expiration.

The most open interest sits at the $30.00 call (18.04K contracts) and the $10.00 put (18.72K contracts).

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

NVAX options chain · January 15, 2027

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
33	1	377.3%	11.85	10.30	13.65	1.00	0.00	0.01	11.65	187.5%	1	42
22	2	166.4%	10.38	8.40	12.20	2.50	0.00	0.08	0.05	160.9%	2	588
50	3	136.7%	11.60	6.90	10.80	4.00	0.00	0.21	0.21	137.9%	40	736
891	3	139.7%	6.15	5.95	8.00	5.00	0.00	0.11	0.06	99.8%	33	2,072
128	1	217.8%	4.80	4.95	8.10	6.00	0.00	0.75	0.33	130.7%	9	45
2,455	92	59.4%	5.49	5.05	5.55	7.50	0.09	0.26	0.17	78.7%	1	8,742
1,587	56	90.5%	4.50	4.20	4.60	9.00	0.12	1.07	0.51	87.1%	3	192
14,095	3,068	84.4%	3.70	3.50	3.75	10.00	0.60	0.79	0.65	75.0%	23	18,722
870	22	79.5%	2.90	2.70	3.15	11.00	0.86	1.25	1.03	74.1%	218	25
3,242	284	80.0%	2.10	1.99	2.39	12.50	1.60	2.32	1.85	80.8%	3	450
NVAX $12.75
844	79	81.0%	1.67	1.45	1.83	14.00	2.35	3.05	2.60	73.7%	200	3
7,626	383	82.0%	1.36	1.29	1.44	15.00	3.00	4.30	4.91	83.4%	3	123
190	6	78.2%	0.72	0.70	1.34	16.00	3.60	6.00	11.60	99.2%	—	1
651	25	82.7%	0.74	0.55	1.12	17.50	8.50	9.10	8.75	208.5%	6	83
1,039	2	82.4%	0.90	0.32	0.90	19.00	6.15	8.75	11.80	109.0%	—	0
5,274	330	86.3%	0.55	0.45	0.69	20.00	7.15	9.65	11.60	113.3%	5	345
3,062	7	92.4%	0.57	0.10	0.80	22.50	9.40	11.95	11.75	117.1%	5	5
1,885	122	99.4%	0.37	0.30	0.49	25.00	11.80	14.35	14.69	123.7%	30	7
18,040	353	103.1%	0.22	0.20	0.26	30.00	16.65	19.20	19.75	134.2%	4	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 January 15, 2027 expiration, the NVAX put/call ratio based on open interest is 0.52 (32,181 puts vs 61,984 calls), and 0.12 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 January 15, 2027 is about 80.4%, 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.