Novo Nordisk A/S (NVO) Options Chain

NYSE: NVOHealth CareBiotechnology: Pharmaceutical PreparationsUSD

38.64+0.46 (+1.20%)

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

Expiration date

Expiration: Sep 17, 2027
Days to expiration: 341
Share price: $38.64
Put/call ratio (OI): 2.36
Put/call ratio (volume): 0.49
ATM implied volatility: 39.5%
Expected move: ±$14.74
Open interest (C / P): 6.49K / 15.30K

NVO options summary

The NVO options chain for the September 17, 2027 expiration lists 17 call and 17 put contracts, with 341 days until expiration. Open interest stands at 6,488 calls and 15,298 puts, a put/call ratio of 2.36, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $37.50 strike is 39.5%, which implies the market expects a move of about ±$14.74 (38.1%) in Novo Nordisk A/S stock by expiration.

The most open interest sits at the $45.00 call (1.60K contracts) and the $30.00 put (3.90K contracts).

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

NVO options chain · September 17, 2027

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
18	12	68.7%	17.95	17.95	20.15	20.00	0.29	0.40	0.35	46.8%	10	68
24	10	51.4%	15.65	16.90	17.15	22.50	0.48	0.54	0.53	42.8%	3	818
61	6	48.4%	14.57	14.70	15.00	25.00	0.77	0.90	0.85	42.0%	2	104
82	20	57.7%	12.85	11.75	14.10	27.50	1.22	1.32	1.30	40.3%	1	38
79	1	44.2%	10.45	10.85	11.10	30.00	1.80	1.92	1.89	39.2%	1	3,901
261	15	43.3%	9.30	9.25	9.45	32.50	2.58	2.73	2.74	38.5%	1	770
430	1	42.6%	7.16	7.75	8.00	35.00	3.55	3.70	3.60	37.7%	9	1,773
254	3	41.9%	6.41	6.50	6.70	37.50	4.70	4.85	4.85	37.0%	12	2,012
NVO $38.64
773	27	41.5%	5.52	5.40	5.60	40.00	6.05	6.25	6.25	36.8%	9	3,855
210	2	41.2%	4.58	4.60	4.65	42.50	7.70	7.75	7.75	36.1%	3	722
1,601	3	41.6%	3.85	3.75	3.95	45.00	9.25	9.50	9.41	36.1%	3	270
1,429	1	41.6%	3.13	3.15	3.30	47.50	11.10	11.30	11.53	35.4%	1	83
316	14	41.7%	2.70	2.63	2.77	50.00	13.05	13.25	13.29	35.0%	1	124
204	8	42.1%	2.01	2.20	2.36	52.50	15.05	15.30	11.90	34.5%	5	23
178	16	42.0%	1.90	1.85	1.96	55.00	17.05	17.45	17.57	34.1%	10	389
346	16	43.1%	1.29	1.12	1.48	60.00	21.60	21.95	23.18	33.1%	1	311
222	1	43.6%	0.93	0.97	1.09	65.00	26.40	26.60	27.88	30.9%	5	37

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 September 17, 2027 expiration, the NVO put/call ratio based on open interest is 2.36 (15,298 puts vs 6,488 calls), and 0.49 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 September 17, 2027 is about 39.5%, 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 16 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.