Ormat Technologies (ORA) Options Chain

NYSE: ORAUtilitiesElectric Utilities: CentralUSD

88.92+0.28 (+0.32%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $88.92
Put/call ratio (OI): 2.36
Put/call ratio (volume): 4.40
ATM implied volatility: 45.1%
Expected move: ±$17.31
Open interest (C / P): 4.04K / 9.54K

ORA options summary

The ORA options chain for the December 18, 2026 expiration lists 28 call and 18 put contracts, with 68 days until expiration. Open interest stands at 4,041 calls and 9,541 puts, a put/call ratio of 2.36, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $90.00 strike is 45.1%, which implies the market expects a move of about ±$17.31 (19.5%) in Ormat Technologies stock by expiration.

The most open interest sits at the $140.00 call (1.71K contracts) and the $105.00 put (5.99K contracts).

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

ORA options chain · December 18, 2026

ORA 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
1	1	77.4%	34.50	33.10	36.30	55.00	—	—	—	—	—	—
—	—	—	—	—	—	60.00	0.05	0.75	0.30	56.5%	—	2
—	—	—	—	—	—	65.00	0.15	0.50	0.50	49.2%	700	701
1	2	197.5%	42.20	35.30	38.00	70.00	0.40	1.05	0.54	48.7%	1	2
—	—	—	—	—	—	75.00	0.70	1.85	1.37	47.0%	1	14
7	4	57.9%	13.90	10.70	13.60	80.00	1.80	2.75	2.60	42.9%	13	344
3	4	49.3%	9.07	7.90	9.50	85.00	3.20	4.30	3.80	40.5%	1	428
ORA $88.92
27	1	44.4%	6.25	5.20	6.30	90.00	5.40	7.60	6.90	45.8%	28	214
92	5	43.1%	4.30	3.20	4.20	95.00	8.30	9.90	9.41	40.5%	1	276
33	8	42.7%	2.05	1.90	2.75	100.00	11.50	13.30	12.30	38.6%	5	277
169	25	42.9%	1.70	1.10	1.80	105.00	15.30	17.90	15.60	43.1%	52	5,992
441	1	45.8%	2.98	0.40	1.40	110.00	19.70	22.30	16.00	43.9%	2	34
67	8	47.7%	1.00	0.30	1.05	115.00	24.50	27.60	25.00	53.2%	2	10
128	1	50.2%	0.55	0.20	0.85	120.00	29.30	32.10	29.52	52.7%	1	1,234
176	2	54.3%	1.05	0.05	0.80	125.00	34.10	38.20	28.10	70.7%	2	0
38	2	50.2%	0.75	0.00	0.75	130.00	26.70	30.20	11.20	—	1	13
95	1	54.1%	0.05	0.00	0.75	135.00	0.00	0.00	13.40	—	8	0
1,708	3	57.8%	0.45	0.00	0.75	140.00	0.00	0.00	13.50	—	—	0
35	2	61.2%	0.05	0.00	0.75	145.00	—	—	—	—	—	—
67	1	64.5%	0.05	0.00	0.75	150.00	—	—	—	—	—	—
668	21	80.2%	2.20	0.55	1.30	155.00	—	—	—	—	—	—
0	5	25.0%	1.00	0.00	0.00	160.00	—	—	—	—	—	—
55	41	80.5%	1.60	0.25	1.00	165.00	—	—	—	—	—	—
13	1	80.9%	1.10	0.15	0.90	170.00	0.00	0.00	36.60	—	4	0
88	21	83.0%	1.00	0.15	0.85	175.00	—	—	—	—	—	—
33	1	86.3%	0.60	0.15	0.90	180.00	—	—	—	—	—	—
45	2	85.1%	1.20	0.05	0.75	185.00	—	—	—	—	—	—
19	5	98.4%	1.02	0.00	1.60	190.00	—	—	—	—	—	—
0	10	50.0%	5.40	0.00	0.00	195.00	—	—	—	—	—	—
11	7	105.1%	1.75	0.00	1.75	200.00	—	—	—	—	—	—
21	2	85.9%	0.05	0.00	0.35	210.00	—	—	—	—	—	—

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 ORA put/call ratio?

For the December 18, 2026 expiration, the ORA put/call ratio based on open interest is 2.36 (9,541 puts vs 4,041 calls), and 4.40 based on today's volume. A ratio above 1 means more puts than calls.

What is ORA's implied volatility?

At-the-money implied volatility for ORA options expiring December 18, 2026 is about 45.1%, an annualized estimate of how much the market expects Ormat Technologies stock to move.

How many ORA option expiration dates are there?

ORA has 5 listed expiration dates, from Oct 16, 2026 to Jun 17, 2027.

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.