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: Jan 21, 2028
Days to expiration: 469
Share price: $39.94
Put/call ratio (OI): 6.98
Put/call ratio (volume): 0.24
ATM implied volatility: 49.3%
Expected move: ±$22.34
Open interest (C / P): 532 / 3.71K

TRMD options summary

The TRMD options chain for the January 21, 2028 expiration lists 14 call and 15 put contracts, with 469 days until expiration. Open interest stands at 532 calls and 3,713 puts, a put/call ratio of 6.98, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $40.00 strike is 49.3%, which implies the market expects a move of about ±$22.34 (55.9%) in TORM stock by expiration.

The most open interest sits at the $40.00 call (110 contracts) and the $45.00 put (1.48K contracts).

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

TRMD options chain · January 21, 2028

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
1	2	97.8%	24.90	22.60	27.50	15.00	0.00	2.00	1.50	70.8%	—	3
5	1	84.7%	22.00	20.10	25.00	17.50	—	—	—	—	—	—
0	—	—	12.81	0.00	0.00	20.00	0.00	5.00	2.00	72.9%	1	14
0	2	64.0%	12.25	15.00	20.00	22.50	0.00	5.00	4.25	63.4%	1	2
20	—	55.5%	10.00	13.30	17.50	25.00	0.45	5.00	4.65	57.1%	10	1
0	6	—	4.36	0.00	0.00	27.50	0.50	5.50	4.70	51.6%	—	1
68	10	44.5%	7.23	8.80	13.00	30.00	1.50	6.50	4.40	51.7%	5	171
63	65	44.4%	6.53	7.00	11.50	32.50	7.50	12.50	10.76	85.3%	2	88
63	24	43.4%	6.20	5.00	10.00	35.00	4.00	9.00	11.85	52.5%	2	718
97	1	44.6%	7.05	4.80	9.00	37.50	6.20	10.50	8.20	55.3%	2	147
TRMD $39.94
110	4	44.9%	6.13	4.70	8.00	40.00	7.70	11.50	12.06	53.8%	4	44
2	1	47.4%	5.00	2.50	7.50	42.50	9.00	12.90	11.10	52.4%	2	117
5	3	49.2%	3.10	2.00	7.00	45.00	11.00	15.80	16.00	56.6%	1	1,481
98	10	47.7%	3.01	1.50	6.00	47.50	12.50	17.50	17.60	55.7%	1	924
—	—	—	—	—	—	50.00	14.50	19.30	18.30	56.0%	—	1
—	—	—	—	—	—	55.00	18.50	23.50	21.90	57.4%	—	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 TRMD put/call ratio?

For the January 21, 2028 expiration, the TRMD put/call ratio based on open interest is 6.98 (3,713 puts vs 532 calls), and 0.24 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 January 21, 2028 is about 49.3%, 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.