Novartis (NVS) Options Chain

NYSE: NVSHealth CareBiotechnology: Pharmaceutical PreparationsUSD

143.75+0.64 (+0.45%)

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

Expiration date

Expiration: Apr 16, 2027
Days to expiration: 187
Share price: $143.75
Put/call ratio (OI): 2.61
Put/call ratio (volume): 1.17
ATM implied volatility: 28.8%
Expected move: ±$29.64
Open interest (C / P): 556 / 1.45K

NVS options summary

The NVS options chain for the April 16, 2027 expiration lists 16 call and 17 put contracts, with 187 days until expiration. Open interest stands at 556 calls and 1,449 puts, a put/call ratio of 2.61, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $145.00 strike is 28.8%, which implies the market expects a move of about ±$29.64 (20.6%) in Novartis stock by expiration.

The most open interest sits at the $145.00 call (156 contracts) and the $145.00 put (300 contracts).

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

NVS options chain · April 16, 2027

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
—	—	—	—	—	—	85.00	0.10	0.75	0.30	44.8%	—	52
1	1	50.6%	58.90	54.50	56.80	90.00	0.20	0.50	0.40	37.5%	—	5
—	—	—	—	—	—	95.00	0.25	0.60	0.50	35.0%	—	50
—	—	—	—	—	—	100.00	0.40	0.70	0.80	32.3%	11	12
—	—	—	—	—	—	105.00	0.55	0.90	1.30	30.4%	—	2
6	5	40.2%	33.00	35.40	37.20	110.00	0.65	1.35	1.30	29.8%	2	13
—	—	—	—	—	—	115.00	1.25	1.60	2.05	27.3%	1	12
2	—	34.3%	23.00	26.50	28.10	120.00	1.95	3.60	2.65	31.6%	1	20
—	—	—	—	—	—	125.00	2.70	3.30	4.00	26.1%	1	37
—	—	—	—	—	—	130.00	4.00	4.60	5.10	25.6%	15	280
18	5	28.3%	16.55	15.10	16.20	135.00	5.60	6.20	6.06	25.0%	10	169
66	2	27.2%	14.40	12.20	13.00	140.00	7.70	8.30	9.20	24.8%	5	194
NVS $143.75
156	1	28.6%	12.05	9.60	11.20	145.00	10.20	12.60	10.56	29.0%	10	300
64	1	25.3%	8.28	7.30	7.80	150.00	13.10	13.60	15.13	24.2%	5	69
2	—	25.1%	5.10	5.30	6.00	155.00	16.20	16.90	18.30	24.2%	—	108
133	112	24.7%	4.30	4.10	4.50	160.00	19.80	20.70	20.60	24.6%	114	121
23	5	24.7%	3.16	2.00	3.40	165.00	23.50	24.80	29.39	25.2%	5	5
10	1	29.1%	2.50	2.15	3.90	170.00	—	—	—	—	—	—
36	5	28.5%	1.70	1.55	2.90	175.00	—	—	—	—	—	—
20	1	24.8%	1.32	1.10	1.40	180.00	—	—	—	—	—	—
12	10	25.2%	1.26	0.80	1.10	185.00	—	—	—	—	—	—
4	2	25.9%	1.20	0.60	0.90	190.00	—	—	—	—	—	—
3	3	27.5%	0.60	0.30	0.65	200.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the NVS put/call ratio based on open interest is 2.61 (1,449 puts vs 556 calls), and 1.17 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 April 16, 2027 is about 28.8%, 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.