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: Jan 15, 2027
Days to expiration: 96
Share price: $100.18
Put/call ratio (OI): 0.57
Put/call ratio (volume): 0.14
ATM implied volatility: 25.0%
Expected move: ±$12.86
Open interest (C / P): 28.70K / 16.40K

SHEL options summary

The SHEL options chain for the January 15, 2027 expiration lists 35 call and 31 put contracts, with 96 days until expiration. Open interest stands at 28,701 calls and 16,399 puts, a put/call ratio of 0.57, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $100.00 strike is 25.0%, which implies the market expects a move of about ±$12.86 (12.8%) in Shell stock by expiration.

The most open interest sits at the $80.00 call (4.51K contracts) and the $90.00 put (1.78K contracts).

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

SHEL options chain · January 15, 2027

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
0	3	—	37.43	39.20	40.00	32.50	0.15	0.35	0.40	108.2%	50	50
—	—	—	—	—	—	35.00	0.10	0.25	0.28	96.2%	2	208
0	1	—	41.62	0.00	0.00	37.50	0.15	1.30	0.37	115.4%	8	211
0	15	—	46.40	0.00	0.00	40.00	0.00	2.15	0.04	118.2%	1	60
0	85	—	33.70	30.50	33.50	42.50	0.00	2.15	0.05	111.2%	100	154
1	1	77.3%	50.55	53.80	57.00	45.00	0.00	2.15	0.04	104.7%	1	475
0	85	—	41.80	0.00	0.00	47.50	0.00	0.00	0.05	25.0%	2	0
154	1	65.3%	44.00	48.80	51.90	50.00	0.00	0.10	0.14	55.5%	1	17
0	120	—	34.95	0.00	0.00	52.50	0.00	0.00	0.05	25.0%	12	0
2	2	59.6%	36.30	44.60	46.20	55.00	0.00	0.10	0.05	53.0%	12	375
0	40	—	32.30	0.00	0.00	57.50	0.00	0.10	0.07	49.4%	10	227
11	1	51.9%	37.05	39.60	41.20	60.00	0.00	0.15	0.05	48.8%	12	1,458
3,342	1,098	66.2%	32.80	37.10	38.70	62.50	0.05	0.15	0.05	45.4%	1	559
0	1	—	24.64	0.00	0.00	65.00	0.05	0.15	0.06	42.1%	3	915
0	4,944	—	26.55	0.00	0.00	67.50	0.05	0.20	0.11	40.7%	1	1,243
427	118	54.5%	24.33	29.70	31.30	70.00	0.10	0.20	0.10	37.5%	6	1,417
766	1	50.3%	25.70	27.20	28.80	72.50	0.10	0.25	0.25	35.7%	4	376
2,018	1	47.4%	25.70	24.80	26.40	75.00	0.20	0.30	0.26	33.7%	20	539
912	72	43.3%	18.30	22.40	23.90	77.50	0.20	0.35	0.50	31.5%	1	283
4,511	16	40.3%	20.90	20.00	21.50	80.00	0.30	0.45	0.30	30.0%	7	586
522	3	36.3%	18.00	17.60	19.00	82.50	0.45	0.60	0.45	28.8%	20	1,001
3,771	2	34.0%	16.41	15.70	16.70	85.00	0.65	0.95	0.70	29.0%	17	1,244
324	1	31.5%	14.08	13.30	14.40	87.50	0.90	1.15	1.04	27.1%	1	800
2,653	1	30.0%	11.77	11.30	12.30	90.00	1.35	1.50	1.35	25.8%	27	1,776
330	1	28.5%	9.50	9.50	10.30	92.50	1.90	2.10	1.91	25.4%	1	743
1,333	6	27.0%	8.20	7.90	8.40	95.00	2.65	2.80	2.79	24.8%	600	1,122
366	2	25.9%	6.25	6.50	6.70	97.50	3.60	3.80	3.70	24.8%	4	212
3,160	41	25.8%	5.25	5.10	5.40	100.00	4.70	4.90	4.79	24.3%	13	324
SHEL $100.18
1,057	46	25.5%	3.60	3.10	3.30	105.00	7.60	7.90	7.70	24.4%	13	22
1,256	11	25.0%	1.85	1.75	1.85	110.00	11.10	11.90	15.09	26.4%	1	2
1,520	3	25.4%	1.15	0.95	1.05	115.00	—	—	—	—	—	—
194	11	26.5%	0.65	0.50	0.65	120.00	—	—	—	—	—	—
5	2	28.2%	0.26	0.30	0.45	125.00	—	—	—	—	—	—
26	11	30.3%	0.25	0.20	0.35	130.00	29.50	30.60	38.10	36.2%	3	0
14	1	31.6%	0.20	0.10	0.25	135.00	—	—	—	—	—	—
26	1	33.4%	0.10	0.05	0.20	140.00	—	—	—	—	—	—

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 January 15, 2027 expiration, the SHEL put/call ratio based on open interest is 0.57 (16,399 puts vs 28,701 calls), and 0.14 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 January 15, 2027 is about 25.0%, 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.