Organon (OGN) Options Chain

NYSE: OGNHealth CareBiotechnology: Pharmaceutical PreparationsUSD

13.81+0.06 (+0.44%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $13.81
Put/call ratio (OI): 2.93
Put/call ratio (volume): 0.08
ATM implied volatility: 5.1%
Expected move: ±$0.3028
Open interest (C / P): 10.14K / 29.68K

OGN options summary

The OGN options chain for the December 18, 2026 expiration lists 12 call and 13 put contracts, with 68 days until expiration. Open interest stands at 10,139 calls and 29,681 puts, a put/call ratio of 2.93, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $14.00 strike is 5.1%, which implies the market expects a move of about ±$0.3028 (2.2%) in Organon stock by expiration.

The most open interest sits at the $14.00 call (3.74K contracts) and the $5.00 put (16.05K contracts).

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

OGN options chain · December 18, 2026

OGN 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
25	4	196.9%	10.90	9.20	13.50	2.50	0.00	1.75	0.20	441.4%	10	10
—	—	—	—	—	—	4.00	0.00	0.05	0.14	134.4%	1	547
181	1	138.3%	8.70	7.70	8.90	5.00	0.00	0.05	0.05	110.9%	1	16,046
0	1,160	—	7.80	0.00	0.00	6.00	0.00	0.05	0.03	92.2%	2	128
262	5	153.3%	6.30	5.20	8.70	7.50	0.00	0.10	0.09	78.1%	10	736
9	2	98.2%	4.51	3.50	6.90	9.00	0.00	0.15	0.10	62.5%	10	109
921	1	123.3%	3.70	3.70	6.00	10.00	0.00	0.25	0.25	56.3%	12	520
29	1	157.3%	2.80	0.50	4.90	11.00	0.05	0.10	0.05	40.4%	50	10,766
596	1	34.0%	1.57	1.00	1.60	12.50	0.00	0.10	0.10	22.3%	5	817
OGN $13.81
3,738	10	5.1%	0.05	0.00	0.05	14.00	0.00	0.00	0.40	—	2	0
353	50	69.5%	0.01	0.00	2.40	15.00	0.00	4.80	4.34	70.0%	10	0
432	76	54.1%	0.04	0.00	0.30	17.50	7.50	11.70	10.25	302.1%	1	1
3,593	52	47.7%	0.01	0.00	0.05	20.00	8.90	11.20	10.35	233.6%	1	1

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 OGN put/call ratio?

For the December 18, 2026 expiration, the OGN put/call ratio based on open interest is 2.93 (29,681 puts vs 10,139 calls), and 0.08 based on today's volume. A ratio above 1 means more puts than calls.

What is OGN's implied volatility?

At-the-money implied volatility for OGN options expiring December 18, 2026 is about 5.1%, an annualized estimate of how much the market expects Organon stock to move.

How many OGN option expiration dates are there?

OGN has 8 listed expiration dates, from Oct 16, 2026 to Jan 21, 2028.

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.