Novartis (NVS) Options Chain

NYSE: NVSHealth CareBiotechnology: Pharmaceutical PreparationsUSD

143.11-0.17 (-0.12%)

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

After hours: 143.11 -0.01%

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 8
Share price: $143.11
Put/call ratio (OI): 1.40
Put/call ratio (volume): 2.71
ATM implied volatility: 23.8%
Expected move: ±$5.03
Open interest (C / P): 10.79K / 15.05K

NVS options summary

The NVS options chain for the October 16, 2026 expiration lists 20 call and 18 put contracts, with 8 days until expiration. Open interest stands at 10,792 calls and 15,055 puts, a put/call ratio of 1.40, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $145.00 strike is 23.8%, which implies the market expects a move of about ±$5.03 (3.5%) in Novartis stock by expiration.

The most open interest sits at the $145.00 call (1.95K contracts) and the $130.00 put (3.65K contracts).

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

NVS options chain · October 16, 2026

NVS 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
—	—	—	—	—	—	100.00	0.00	0.15	0.12	100.4%	2	8
—	—	—	—	—	—	105.00	0.00	1.50	0.06	131.9%	1	2
—	—	—	—	—	—	110.00	0.00	0.05	0.03	66.4%	2	63
4	3	75.2%	28.30	28.10	28.50	115.00	0.00	0.10	0.05	61.3%	2	17
5	5	72.4%	21.15	22.20	23.50	120.00	0.00	0.10	0.10	50.8%	10	82
7	2	58.7%	16.98	17.20	18.50	125.00	0.00	0.15	0.08	48.2%	2	895
32	1	47.9%	11.20	12.20	13.60	130.00	0.00	0.10	0.05	33.8%	1	3,647
201	1	35.5%	8.60	7.40	8.70	135.00	0.05	0.40	0.12	31.4%	14	1,958
496	8	27.5%	3.60	3.70	4.30	140.00	0.65	1.05	1.07	25.7%	118	2,549
NVS $143.11
1,948	6	24.0%	0.90	1.00	1.35	145.00	2.85	3.20	3.02	23.5%	5	1,779
1,101	8	28.6%	0.30	0.00	0.50	150.00	6.70	8.00	6.50	38.5%	2	1,534
1,575	6	30.9%	0.10	0.00	0.15	155.00	11.50	12.20	11.90	36.3%	2	2,521
1,670	10	37.5%	0.05	0.00	0.10	160.00	16.50	18.20	19.89	51.3%	5	0
883	1	45.9%	0.10	0.00	0.10	165.00	21.50	24.00	24.80	72.0%	12	0
655	1	53.7%	0.08	0.00	0.10	170.00	26.10	29.00	12.14	77.2%	9	0
697	4	76.8%	0.15	0.00	0.75	175.00	31.40	34.00	13.40	90.9%	6	0
631	5	89.1%	0.44	0.00	0.95	180.00	36.50	39.00	20.34	101.6%	2	0
251	1	97.3%	0.05	0.00	0.95	185.00	—	—	—	—	—	—
265	1	106.1%	0.05	0.00	1.00	190.00	—	—	—	—	—	—
31	5	113.6%	0.43	0.00	1.00	195.00	—	—	—	—	—	—
337	1	114.8%	0.10	0.00	0.75	200.00	0.00	0.00	38.60	—	—	0
0	3	50.0%	0.22	0.00	0.00	210.00	—	—	—	—	—	—
3	—	116.2%	0.05	0.00	0.20	220.00	—	—	—	—	—	—

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 NVS put/call ratio?

For the October 16, 2026 expiration, the NVS put/call ratio based on open interest is 1.40 (15,055 puts vs 10,792 calls), and 2.71 based on today's volume. A ratio above 1 means more puts than calls.

What is NVS's implied volatility?

At-the-money implied volatility for NVS options expiring October 16, 2026 is about 23.8%, an annualized estimate of how much the market expects Novartis stock to move.

How many NVS option expiration dates are there?

NVS has 9 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.