Shell (SHEL) Options Chain

NYSE: SHELEnergyOil & Gas ProductionUSD

100.18-0.02 (-0.02%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $100.18
Put/call ratio (OI): 0.34
Put/call ratio (volume): 0.75
ATM implied volatility: 26.5%
Expected move: ±$8.80
Open interest (C / P): 6.67K / 2.29K

SHEL options summary

The SHEL options chain for the November 20, 2026 expiration lists 16 call and 10 put contracts, with 40 days until expiration. Open interest stands at 6,665 calls and 2,288 puts, a put/call ratio of 0.34, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $100.00 strike is 26.5%, which implies the market expects a move of about ±$8.80 (8.8%) in Shell stock by expiration.

The most open interest sits at the $105.00 call (1.17K contracts) and the $92.50 put (832 contracts).

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

SHEL options chain · November 20, 2026

SHEL 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
—	—	—	—	—	—	65.00	0.00	0.10	0.08	55.5%	—	1
10	10	60.8%	24.70	29.70	31.20	70.00	—	—	—	—	—	—
108	18	52.5%	19.90	24.70	26.30	75.00	0.00	0.15	0.05	45.7%	4	16
325	1	58.9%	17.53	19.70	21.30	80.00	0.00	0.20	0.13	38.9%	1	6
437	5	47.1%	15.80	15.30	16.30	85.00	0.15	0.30	0.25	32.8%	11	256
2	2	42.5%	13.55	12.50	13.90	87.50	0.25	0.40	0.30	30.2%	5	14
25	9	37.7%	10.87	10.20	11.50	90.00	0.45	0.60	0.55	28.6%	1	76
452	5	33.5%	8.95	8.30	9.20	92.50	0.80	0.95	0.89	27.5%	7	832
533	6	29.7%	7.30	6.50	7.00	95.00	1.40	1.55	1.50	27.3%	125	366
314	8	27.3%	5.00	4.70	5.10	97.50	2.20	2.35	2.38	26.7%	25	114
1,060	80	26.2%	3.40	3.30	3.60	100.00	3.30	3.50	3.01	26.8%	4	607
SHEL $100.18
1,166	67	26.3%	1.55	1.45	1.70	105.00	—	—	—	—	—	—
828	26	25.9%	0.60	0.50	0.65	110.00	—	—	—	—	—	—
583	5	28.7%	0.30	0.20	0.35	115.00	—	—	—	—	—	—
467	1	31.3%	0.05	0.05	0.20	120.00	—	—	—	—	—	—
335	1	35.0%	0.05	0.00	0.15	125.00	—	—	—	—	—	—
20	—	50.2%	0.05	0.00	0.10	145.00	—	—	—	—	—	—

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 SHEL put/call ratio?

For the November 20, 2026 expiration, the SHEL put/call ratio based on open interest is 0.34 (2,288 puts vs 6,665 calls), and 0.75 based on today's volume. A ratio above 1 means more puts than calls.

What is SHEL's implied volatility?

At-the-money implied volatility for SHEL options expiring November 20, 2026 is about 26.5%, an annualized estimate of how much the market expects Shell stock to move.

How many SHEL option expiration dates are there?

SHEL has 14 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.