TORM (TRMD) Options Chain

NASDAQ: TRMDConsumer DiscretionaryMarine TransportationUSD

39.94-0.12 (-0.30%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $39.94
Put/call ratio (OI): 2.56
Put/call ratio (volume): 0.56
ATM implied volatility: 63.7%
Expected move: ±$8.43
Open interest (C / P): 913 / 2.33K

TRMD options summary

The TRMD options chain for the November 20, 2026 expiration lists 9 call and 11 put contracts, with 40 days until expiration. Open interest stands at 913 calls and 2,335 puts, a put/call ratio of 2.56, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $40.00 strike is 63.7%, which implies the market expects a move of about ±$8.43 (21.1%) in TORM stock by expiration.

The most open interest sits at the $35.00 call (266 contracts) and the $37.50 put (880 contracts).

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

TRMD options chain · November 20, 2026

TRMD 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
20	—	94.9%	10.20	13.50	17.00	25.00	0.00	0.95	0.20	105.4%	—	1
—	—	—	—	—	—	27.50	0.00	0.50	0.48	74.9%	1	2
41	1	68.8%	9.32	8.50	12.20	30.00	0.00	0.50	0.25	60.5%	2	6
—	—	—	—	—	—	32.50	0.15	0.60	0.47	52.4%	6	99
266	21	92.6%	5.95	3.70	7.50	35.00	0.10	1.05	0.71	57.4%	20	397
183	64	51.3%	4.00	3.70	4.40	37.50	0.20	1.55	1.20	50.1%	2	880
TRMD $39.94
111	12	60.5%	2.77	0.65	3.20	40.00	0.55	3.60	3.00	66.9%	10	154
87	2	55.6%	1.65	1.20	1.95	42.50	1.95	6.10	4.30	85.8%	1	204
171	9	52.4%	0.97	0.70	1.10	45.00	5.10	7.80	5.90	58.7%	16	106
27	3	50.9%	0.70	0.15	1.05	47.50	6.50	10.00	7.90	53.5%	2	206
7	2	55.2%	0.42	0.15	0.75	50.00	9.20	12.30	10.10	62.9%	4	280

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 TRMD put/call ratio?

For the November 20, 2026 expiration, the TRMD put/call ratio based on open interest is 2.56 (2,335 puts vs 913 calls), and 0.56 based on today's volume. A ratio above 1 means more puts than calls.

What is TRMD's implied volatility?

At-the-money implied volatility for TRMD options expiring November 20, 2026 is about 63.7%, an annualized estimate of how much the market expects TORM stock to move.

How many TRMD option expiration dates are there?

TRMD has 6 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.