TMC the metals company (TMC) Options Chain

NASDAQ: TMCBasic MaterialsMetal MiningUSD

3.36-0.075 (-2.19%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $3.36
Put/call ratio (OI): 0.10
Put/call ratio (volume): 0.15
ATM implied volatility: 85.6%
Expected move: ±$3.25
Open interest (C / P): 116.23K / 11.87K

TMC options summary

The TMC options chain for the January 21, 2028 expiration lists 11 call and 11 put contracts, with 468 days until expiration. Open interest stands at 116,235 calls and 11,871 puts, a put/call ratio of 0.10, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $3.00 strike is 85.6%, which implies the market expects a move of about ±$3.25 (96.9%) in TMC the metals company stock by expiration.

The most open interest sits at the $5.00 call (27.73K contracts) and the $4.00 put (7.01K contracts).

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

TMC options chain · January 21, 2028

TMC 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
420	23	132.8%	2.51	2.50	2.77	1.00	0.07	0.40	1.07	123.0%	1	26
1,024	27	100.6%	1.95	1.87	2.00	2.00	0.42	0.49	0.43	86.7%	1	188
2,357	16	91.7%	1.53	1.29	1.60	3.00	0.79	1.08	0.99	79.5%	110	1,331
TMC $3.36
12,878	65	99.4%	1.20	1.21	1.32	4.00	0.42	2.00	1.70	52.0%	80	7,011
27,731	103	99.5%	1.04	1.02	1.10	5.00	2.36	2.68	2.37	87.2%	1	1,381
10,390	33	98.8%	0.77	0.73	0.80	7.00	4.05	4.20	4.04	79.5%	50	466
25,132	1,309	101.4%	0.60	0.50	0.60	10.00	6.75	7.10	6.85	80.8%	10	1,186
11,515	31	99.8%	0.43	0.36	0.48	12.00	7.05	8.25	8.51	—	100	104
13,343	1,004	99.2%	0.22	0.24	0.37	15.00	11.55	12.00	11.00	81.3%	38	107
3,840	29	100.8%	0.36	0.20	0.34	17.00	12.45	13.00	12.88	—	1	70
7,605	29	96.7%	0.08	0.08	0.27	20.00	16.10	17.90	15.30	114.7%	10	1

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 TMC put/call ratio?

For the January 21, 2028 expiration, the TMC put/call ratio based on open interest is 0.10 (11,871 puts vs 116,235 calls), and 0.15 based on today's volume. A ratio above 1 means more puts than calls.

What is TMC's implied volatility?

At-the-money implied volatility for TMC options expiring January 21, 2028 is about 85.6%, an annualized estimate of how much the market expects TMC the metals company stock to move.

How many TMC option expiration dates are there?

TMC has 11 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.