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: Jan 15, 2027
Days to expiration: 96
Share price: $13.81
Put/call ratio (OI): 2.20
Put/call ratio (volume): 0.39
ATM implied volatility: 4.3%
Expected move: ±$0.3045
Open interest (C / P): 6.52K / 14.31K

OGN options summary

The OGN options chain for the January 15, 2027 expiration lists 12 call and 9 put contracts, with 96 days until expiration. Open interest stands at 6,518 calls and 14,310 puts, a put/call ratio of 2.20, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $14.00 strike is 4.3%, which implies the market expects a move of about ±$0.3045 (2.2%) in Organon stock by expiration.

The most open interest sits at the $10.00 call (1.80K contracts) and the $10.00 put (7.95K contracts).

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

OGN options chain · January 15, 2027

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
50	2	253.1%	10.80	9.70	13.50	2.50	0.00	0.00	0.06	50.0%	1	0
505	265	197.3%	8.80	7.70	11.20	5.00	0.00	0.05	0.03	93.8%	2	1,818
60	58	129.3%	7.20	6.20	10.00	6.00	0.00	0.05	0.05	78.1%	—	3
1,014	1	88.7%	6.30	5.20	6.50	7.50	0.00	0.10	0.03	66.4%	1	4,016
202	2	75.6%	5.06	3.20	7.00	9.00	0.00	0.20	0.10	56.6%	28	42
1,799	2	61.3%	3.87	2.70	4.10	10.00	0.00	0.25	0.05	58.4%	1	7,953
183	1	72.0%	2.85	1.60	5.50	11.00	0.00	0.30	0.10	48.6%	102	288
1,322	2	26.5%	1.50	0.30	1.55	12.50	0.00	0.75	0.05	48.5%	1	180
OGN $13.81
273	15	4.3%	0.05	0.00	0.05	14.00	—	—	—	—	—	—
918	16	16.2%	0.01	0.00	0.10	15.00	0.40	4.90	4.61	68.2%	10	10
192	6	59.9%	0.05	0.00	1.20	17.50	—	—	—	—	—	—
0	3	12.5%	0.01	0.00	0.00	20.00	—	—	—	—	—	—

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 OGN put/call ratio?

For the January 15, 2027 expiration, the OGN put/call ratio based on open interest is 2.20 (14,310 puts vs 6,518 calls), and 0.39 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 January 15, 2027 is about 4.3%, 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.