Steel Dynamics (STLD) Options Chain

NASDAQ: STLDIndustrialsSteel/Iron OreUSD

238.38+4.21 (+1.80%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $238.38
Put/call ratio (OI): 0.72
Put/call ratio (volume): 1.60
ATM implied volatility: 41.4%
Expected move: ±$50.65
Open interest (C / P): 2.38K / 1.71K

STLD options summary

The STLD options chain for the January 15, 2027 expiration lists 52 call and 41 put contracts, with 96 days until expiration. Open interest stands at 2,375 calls and 1,709 puts, a put/call ratio of 0.72, which is fairly balanced between calls and puts. At-the-money implied volatility near the $240.00 strike is 41.4%, which implies the market expects a move of about ±$50.65 (21.2%) in Steel Dynamics stock by expiration.

The most open interest sits at the $280.00 call (300 contracts) and the $220.00 put (433 contracts).

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

STLD options chain · January 15, 2027

STLD 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	1	—	77.37	0.00	0.00	60.00	0.00	0.00	0.10	50.0%	1	0
0	1	—	89.40	106.50	111.50	65.00	0.00	0.65	1.25	113.6%	1	9
5	3	—	69.10	87.00	90.50	70.00	0.10	2.20	1.00	131.0%	30	49
14	10	119.2%	160.91	162.20	166.40	75.00	0.00	2.15	0.10	122.6%	1	17
3	1	—	95.48	112.40	115.50	80.00	0.00	0.00	1.50	50.0%	1	0
4	1	—	58.26	74.00	76.50	85.00	0.00	2.15	1.55	110.2%	1	23
22	1	—	68.10	84.50	89.00	90.00	0.00	2.20	0.20	105.0%	1	9
0	1	—	46.13	0.00	0.00	95.00	2.20	3.80	4.33	122.9%	1	58
25	1	—	81.00	102.50	106.10	100.00	0.90	3.70	3.30	109.8%	1	14
0	3	—	44.00	39.60	41.80	105.00	1.30	3.50	4.30	105.4%	8	16
2	1	—	44.75	60.00	64.50	110.00	0.00	2.30	0.50	85.9%	2	17
0	1	—	29.65	27.70	31.50	115.00	2.10	4.00	6.10	100.7%	—	1
9	3	78.8%	119.04	117.80	121.50	120.00	0.00	0.00	1.30	25.0%	10	0
6	1	—	38.25	50.00	53.00	125.00	0.70	3.50	2.65	83.1%	1	2
13	1	72.3%	103.00	107.90	111.70	130.00	0.00	2.35	0.35	69.7%	1	250
14	1	—	45.38	77.50	81.80	135.00	0.20	1.65	2.00	62.9%	1	11
7	1	67.0%	96.35	98.10	102.00	140.00	0.85	2.00	2.30	64.8%	1	206
6	29	—	43.27	70.00	73.00	145.00	0.00	0.00	1.80	25.0%	1	0
22	5	63.1%	76.98	88.90	92.10	150.00	0.00	1.30	0.83	56.5%	1	43
9	1	81.9%	101.50	87.80	91.80	155.00	15.50	19.90	13.05	123.5%	10	10
89	20	57.5%	72.00	78.80	82.70	160.00	0.50	2.95	1.13	53.2%	1	7
10	1	55.4%	84.50	74.10	77.90	165.00	0.00	3.10	1.50	58.0%	1	6
34	20	54.9%	73.00	69.80	73.40	170.00	0.00	3.30	2.80	55.4%	1	10
86	1	52.3%	70.70	65.20	68.40	175.00	0.25	3.50	2.75	52.6%	1	112
194	1	57.2%	64.50	60.20	63.90	180.00	0.85	2.55	2.35	44.6%	1	9
0	2	—	83.30	0.00	0.00	185.00	1.10	4.00	3.78	47.6%	2	17
77	1	73.3%	95.34	60.20	63.40	190.00	1.95	4.50	3.48	45.8%	2	36
78	1	52.2%	44.66	47.20	51.00	195.00	2.30	5.50	6.00	45.6%	1	31
47	1	49.6%	47.00	43.60	46.50	200.00	3.10	6.90	5.70	46.1%	2	47
48	11	49.0%	42.80	36.00	39.50	210.00	5.00	9.20	6.80	44.2%	30	88
37	1	47.0%	32.51	29.60	32.50	220.00	8.50	11.80	11.20	41.8%	102	433
73	2	43.6%	26.10	23.50	25.40	230.00	12.40	15.60	13.40	40.6%	100	42
STLD $238.38
55	3	45.0%	20.45	17.90	21.30	240.00	17.60	19.40	18.50	37.8%	2	39
152	1	43.5%	15.70	14.20	16.50	250.00	22.90	26.40	26.30	40.0%	1	36
270	8	44.4%	12.20	10.10	13.50	260.00	29.50	32.90	30.40	39.7%	2	33
181	3	42.6%	9.40	7.10	9.90	270.00	36.10	40.10	35.80	39.4%	2	22
300	1	44.0%	6.05	4.70	8.20	280.00	0.00	0.00	34.10	—	1	0
35	1	44.1%	5.50	3.40	6.40	290.00	62.30	65.30	40.50	58.4%	1	4
140	2	41.8%	2.45	2.10	4.20	300.00	60.10	63.80	53.00	34.5%	—	1
62	2	42.4%	2.45	1.25	3.30	310.00	53.00	55.90	81.89	—	—	1
21	2	42.5%	1.62	0.85	2.50	320.00	—	—	—	—	—	—
20	3	49.8%	2.15	0.10	3.50	330.00	—	—	—	—	—	—
99	2	51.7%	1.45	0.50	3.20	340.00	—	—	—	—	—	—
21	1	53.3%	1.25	0.00	2.90	350.00	—	—	—	—	—	—
20	21	55.1%	1.75	0.50	2.70	360.00	—	—	—	—	—	—
8	2	53.4%	1.20	0.00	1.90	370.00	—	—	—	—	—	—
11	7	53.4%	3.20	0.15	2.90	380.00	—	—	—	—	—	—
5	1	51.0%	2.30	0.05	1.85	390.00	—	—	—	—	—	—
0	5	25.0%	0.60	0.00	0.00	400.00	—	—	—	—	—	—
37	8	53.8%	0.10	0.00	1.65	410.00	—	—	—	—	—	—
1	—	54.6%	1.50	0.10	1.35	420.00	188.80	192.80	170.10	94.6%	—	0
3	2	55.8%	0.20	0.00	1.35	430.00	—	—	—	—	—	—

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 STLD put/call ratio?

For the January 15, 2027 expiration, the STLD put/call ratio based on open interest is 0.72 (1,709 puts vs 2,375 calls), and 1.60 based on today's volume. A ratio above 1 means more puts than calls.

What is STLD's implied volatility?

At-the-money implied volatility for STLD options expiring January 15, 2027 is about 41.4%, an annualized estimate of how much the market expects Steel Dynamics stock to move.

How many STLD option expiration dates are there?

STLD has 11 listed expiration dates, from Oct 16, 2026 to Dec 15, 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.