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: Dec 17, 2027
Days to expiration: 432
Share price: $38.64
Put/call ratio (OI): 0.60
Put/call ratio (volume): 0.44
ATM implied volatility: 39.5%
Expected move: ±$16.61
Open interest (C / P): 61.55K / 37.03K

NVO options summary

The NVO options chain for the December 17, 2027 expiration lists 22 call and 22 put contracts, with 432 days until expiration. Open interest stands at 61,555 calls and 37,028 puts, a put/call ratio of 0.60, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $37.50 strike is 39.5%, which implies the market expects a move of about ±$16.61 (43.0%) in Novo Nordisk A/S stock by expiration.

The most open interest sits at the $30.00 call (9.89K contracts) and the $40.00 put (10.91K contracts).

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

NVO options chain · December 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
79	2	50.4%	17.91	19.20	19.75	20.00	0.37	0.50	0.52	43.9%	6	85
356	5	49.1%	16.95	17.05	17.40	22.50	0.60	0.75	0.70	41.6%	15	302
499	11	59.3%	13.80	14.65	16.55	25.00	1.04	1.16	1.26	40.6%	2	3,602
96	2	45.8%	13.13	13.25	13.50	27.50	1.49	1.69	1.59	39.5%	93	31
9,893	12	44.9%	11.60	11.55	11.80	30.00	2.14	2.36	2.30	38.5%	10	1,413
17	1	44.1%	9.35	9.95	10.25	32.50	3.00	3.20	3.47	37.6%	1	80
1,012	1	43.4%	8.70	8.55	8.85	35.00	4.05	4.20	4.14	36.8%	2	1,987
499	148	42.8%	7.43	7.35	7.60	37.50	5.15	5.40	5.40	36.2%	1	885
NVO $38.64
3,395	143	42.6%	6.35	6.25	6.55	40.00	6.50	6.75	7.00	35.6%	10	10,909
807	27	42.2%	5.38	5.35	5.60	42.50	8.10	8.30	8.60	35.3%	2	524
8,807	3	42.0%	4.60	4.55	4.80	45.00	9.70	9.95	10.73	34.8%	9	3,130
192	2	42.1%	4.00	3.90	4.15	47.50	11.45	11.75	11.89	34.4%	2	484
5,193	2	42.3%	3.50	3.40	3.60	50.00	13.35	13.70	13.62	34.2%	2	2,369
110	4	42.6%	2.65	2.89	3.15	52.50	15.35	15.75	11.45	34.0%	3	54
3,765	2	42.5%	2.60	2.53	2.70	55.00	17.50	17.75	18.80	32.9%	2	1,923
7,508	16	43.1%	1.95	1.90	2.09	60.00	21.90	22.15	22.05	31.8%	10	2,221
1,581	8	43.8%	1.50	1.47	1.64	65.00	26.50	26.70	28.06	29.4%	1	843
7,463	2	43.9%	1.15	1.15	1.25	70.00	31.35	31.60	32.63	30.4%	3	1,040
2,443	2	45.2%	0.92	0.91	1.07	75.00	34.00	38.90	31.80	58.4%	8	4,452
2,343	32	46.3%	0.77	0.71	0.91	80.00	39.05	44.00	38.02	62.4%	1	693
921	3	47.3%	0.65	0.61	0.79	85.00	44.00	49.00	46.44	65.4%	2	1
4,576	1	47.2%	0.54	0.52	0.62	90.00	49.05	54.00	51.44	68.1%	2	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 NVO put/call ratio?

For the December 17, 2027 expiration, the NVO put/call ratio based on open interest is 0.60 (37,028 puts vs 61,555 calls), and 0.44 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 December 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.