Novo Nordisk A/S (NVO) Options Chain

NYSE: NVOHealth CareBiotechnology: Pharmaceutical PreparationsUSD

38.18-0.08 (-0.21%)

At close: Oct 8, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 1
Share price: $38.18
Put/call ratio (OI): 0.36
Put/call ratio (volume): 0.28
ATM implied volatility: 38.6%
Expected move: ±$0.7709
Open interest (C / P): 16.89K / 6.15K

NVO options summary

The NVO options chain for the October 9, 2026 expiration lists 35 call and 30 put contracts, with 1 day until expiration. Open interest stands at 16,888 calls and 6,149 puts, a put/call ratio of 0.36, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $38.00 strike is 38.6%, which implies the market expects a move of about ±$0.7709 (2.0%) in Novo Nordisk A/S stock by expiration.

The most open interest sits at the $39.00 call (2.36K contracts) and the $37.00 put (1.09K contracts).

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

NVO options chain · October 9, 2026

NVO 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
17	15	289.1%	7.83	7.65	8.30	30.00	0.00	2.13	0.01	545.3%	—	1
5	6	312.5%	6.68	6.40	7.45	31.00	—	—	—	—	—	—
—	—	—	—	—	—	32.00	0.00	2.13	0.02	448.1%	—	50
—	—	—	—	—	—	34.00	0.00	2.13	0.01	351.9%	2	125
31	6	130.5%	3.30	3.00	3.30	35.00	0.00	0.13	0.02	111.7%	1	267
6	1	144.5%	2.82	1.98	2.93	35.50	0.00	0.02	0.01	68.8%	3	179
90	1	84.4%	1.85	2.02	2.25	36.00	0.00	0.04	0.01	64.1%	76	566
520	32	79.3%	1.67	1.55	1.79	36.50	0.00	0.05	0.02	53.9%	71	732
402	53	65.2%	1.25	1.16	1.45	37.00	0.01	0.06	0.02	51.2%	145	1,087
1,429	554	52.3%	0.75	0.59	0.84	37.50	0.04	0.09	0.04	40.6%	433	487
1,253	682	40.4%	0.38	0.35	0.42	38.00	0.14	0.21	0.17	36.7%	145	897
NVO $38.18
1,175	726	37.9%	0.16	0.15	0.17	38.50	0.38	0.53	0.94	43.4%	46	264
2,363	822	41.0%	0.04	0.04	0.07	39.00	0.75	1.00	0.92	60.0%	16	462
858	294	40.6%	0.02	0.01	0.02	39.50	1.13	1.98	1.93	87.1%	6	212
1,175	60	52.3%	0.02	0.00	0.02	40.00	1.71	2.35	2.15	100.0%	12	785
580	95	76.6%	0.12	0.00	0.10	40.50	2.21	3.40	2.86	162.9%	1	23
1,070	82	59.4%	0.01	0.00	0.01	41.00	2.65	2.95	2.80	112.9%	2	4
570	5	145.3%	0.01	0.00	0.42	41.50	3.20	4.40	4.36	196.1%	1	1
696	5	118.0%	0.01	0.00	0.13	42.00	3.70	4.05	3.88	114.1%	1	3
158	1	171.5%	0.01	0.00	0.41	42.50	4.20	5.40	5.59	227.3%	3	0
1,652	1	336.3%	0.01	0.00	2.12	43.00	4.70	6.05	4.69	255.5%	10	0
2	2	100.0%	0.02	0.00	0.01	43.50	—	—	—	—	—	—
955	5	214.1%	0.05	0.00	0.45	44.00	5.70	6.00	5.89	139.8%	5	0
3	2	200.8%	0.02	0.00	0.28	44.50	—	—	—	—	—	—
469	5	125.0%	0.01	0.00	0.01	45.00	6.70	7.80	7.42	286.7%	1	1
51	—	187.5%	0.06	0.00	0.12	45.50	—	—	—	—	—	—
266	1	190.6%	0.03	0.00	0.10	46.00	7.70	9.05	8.28	337.9%	3	3
165	5	181.3%	0.04	0.00	0.04	47.00	8.70	10.00	9.59	357.4%	2	0
178	1	482.0%	0.01	0.00	2.13	48.00	9.70	11.05	10.50	386.3%	3	0
158	4	272.7%	0.01	0.00	0.20	49.00	10.70	12.80	11.77	483.2%	1	0
377	3	289.8%	0.01	0.00	0.20	50.00	11.70	13.40	6.70	468.0%	1	0
68	1	430.5%	0.03	0.00	0.93	51.00	12.70	14.85	13.90	534.4%	1	0
82	25	482.8%	0.01	0.00	1.20	52.00	—	—	—	—	—	—
39	2	598.4%	0.04	0.00	2.13	53.00	14.70	16.60	16.36	552.7%	2	0
22	1	619.5%	0.01	0.00	2.13	54.00	—	—	—	—	—	—
2	1	639.8%	0.01	0.00	2.13	55.00	16.70	18.60	17.86	592.6%	1	0
1	—	815.2%	0.07	0.00	2.13	65.00	—	—	—	—	—	—

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 NVO put/call ratio?

For the October 9, 2026 expiration, the NVO put/call ratio based on open interest is 0.36 (6,149 puts vs 16,888 calls), and 0.28 based on today's volume. A ratio above 1 means more puts than calls.

What is NVO's implied volatility?

At-the-money implied volatility for NVO options expiring October 9, 2026 is about 38.6%, an annualized estimate of how much the market expects Novo Nordisk A/S stock to move.

How many NVO option expiration dates are there?

NVO has 17 listed expiration dates, from Oct 9, 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.