NLY · Option chain

NLY Option Chain

Every listed NLY strike within 25% of spot, across the next 6 expirations — calls and puts side by side with last price, volume and open interest, plus the closing bid and ask.

Open interest and pricing as of the close on 2026-09-03. Recomputed every morning before the open.

Spot

$22.83

Call open interest

31,033

Put open interest

34,360

Put/call (volume)

0.53

2,295 contracts changed hands across these expirations — 1,498 calls against 797 puts. Calls outtraded puts 1.88 to one.

Sep 11, 20266 days

call OI 1,037 · put OI 1,701

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	4.60 / 6.20	—	1	17.5	—	0.00 / 0.63	—	—
—	3.60 / 5.50	—	1	18	—	0.00 / 0.63	—	—
—	3.80 / 5.00	—	1	18.5	—	0.00 / 0.43	—	—
3.95	3.05 / 4.25	1	1	19	—	0.00 / 0.43	—	—
—	2.80 / 4.00	—	1	19.5	—	0.00 / 0.44	—	40
—	2.30 / 3.50	—	1	20	—	0.00 / 0.64	—	50
—	2.03 / 2.78	—	1	20.5	—	0.00 / 0.64	—	170
—	1.53 / 2.28	—	5	21	—	0.00 / 0.26	—	180
—	1.03 / 1.78	—	—	21.5	0.02	0.00 / 0.10	50	113
0.83	0.76 / 1.05	1	2	22	0.04	0.00 / 0.10	60	539
0.47	0.26 / 0.71	10	30	22.5	0.09	0.07 / 0.11	8	251
0.16	0.00 / 0.19	196	543	23	0.24	0.00 / 0.70	3	339
0.05	0.00 / 0.05	20	171	23.5	0.82	0.49 / 0.94	1	17
0.01	0.00 / 0.05	6	252	24	1.25	0.56 / 1.71	2	—
—	0.00 / 0.44	—	23	24.5	1.82	1.45 / 2.19	4	—
—	0.00 / 0.44	—	4	25	2.21	1.92 / 2.31	4	—
—	0.00 / 0.10	—	—	26	3.26	2.87 / 3.65	3	—
—	0.00 / 0.44	—	—	26.5	3.65	3.05 / 4.25	2	1
—	0.00 / 0.44	—	—	27.5	—	4.45 / 5.20	—	1
A dash means the contract did not trade — not a price of zero.

Sep 18, 202613 days

call OI 12,957 · put OI 10,691

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	4.30 / 5.50	—	1	18	—	0.00 / 0.84	—	4
—	3.30 / 4.50	—	2	19	—	0.00 / 0.84	—	6
—	2.80 / 4.00	—	4	19.5	—	0.00 / 0.65	—	—
—	2.30 / 3.50	—	11	20	—	0.00 / 0.20	—	133
—	2.02 / 3.00	—	—	20.5	—	0.00 / 0.45	—	20
1.56	1.56 / 2.51	1	86	21	—	0.00 / 0.05	—	913
—	1.06 / 1.81	—	—	21.5	0.01	0.00 / 0.10	1	16
0.98	0.78 / 1.14	12	352	22	0.06	0.05 / 0.08	95	3,660
0.58	0.33 / 0.80	34	25	22.5	0.16	0.01 / 0.20	5	2,921
0.24	0.18 / 0.28	211	3,424	23	0.31	0.25 / 0.40	156	2,963
0.07	0.01 / 0.12	2	673	23.5	—	0.15 / 1.10	—	9
0.04	0.03 / 0.10	36	7,378	24	—	0.93 / 1.70	—	46
—	0.00 / 0.20	—	59	24.5	1.56	1.29 / 1.84	4	—
—	0.00 / 0.08	—	844	25	2.08	1.66 / 2.73	2	—
—	0.00 / 0.01	—	90	26	3.15	2.36 / 3.95	2	—
—	0.00 / 0.22	—	8	27	—	3.35 / 4.75	—	—
—	0.00 / 0.50	—	—	28	5.28	5.05 / 5.65	4	—
A dash means the contract did not trade — not a price of zero.

Sep 25, 202620 days

call OI 2,102 · put OI 4,787

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
5.45	3.95 / 7.45	8	2	17.5	—	0.00 / 0.49	—	—
4.80	3.70 / 6.95	10	9	18	—	0.00 / 0.49	—	—
4.30	3.45 / 6.50	16	1	18.5	—	0.00 / 0.48	—	3
3.84	2.87 / 5.05	2	—	19	—	0.00 / 0.49	—	—
—	2.45 / 4.65	—	—	19.5	—	0.00 / 0.50	—	10
—	2.15 / 4.90	—	1	20	—	0.00 / 1.15	—	13
—	1.13 / 4.40	—	1	20.5	—	0.00 / 2.14	—	37
—	0.72 / 3.50	—	—	21	0.05	0.00 / 0.26	4	120
—	0.19 / 3.25	—	—	21.5	—	0.00 / 0.29	—	391
—	0.00 / 3.05	—	1	22	—	0.03 / 0.16	—	143
—	0.38 / 0.90	—	44	22.5	—	0.01 / 0.44	—	490
0.34	0.07 / 0.37	13	190	23	0.56	0.33 / 0.58	50	3,366
0.15	0.08 / 0.17	476	990	23.5	0.72	0.41 / 1.17	3	79
0.06	0.00 / 0.07	40	619	24	1.27	0.81 / 1.75	1	135
—	0.00 / 0.07	—	80	24.5	—	0.87 / 3.80	—	—
—	0.00 / 0.34	—	142	25	—	0.96 / 4.25	—	—
—	0.00 / 0.89	—	22	25.5	—	1.45 / 4.75	—	—
A dash means the contract did not trade — not a price of zero.

Oct 02, 202627 days

call OI 1,294 · put OI 1,309

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
5.35	4.45 / 7.45	2	2	17.5	—	0.00 / 2.13	—	—
5.00	3.85 / 7.00	10	1	18	—	0.00 / 2.13	—	—
—	3.40 / 6.50	—	9	18.5	—	0.00 / 0.92	—	—
—	2.87 / 6.00	—	—	19	—	0.00 / 0.72	—	60
—	2.11 / 5.50	—	—	19.5	—	0.00 / 0.53	—	60
—	1.75 / 5.00	—	—	20	—	0.00 / 0.28	—	88
—	1.22 / 4.50	—	—	20.5	—	0.02 / 0.32	—	64
—	0.67 / 3.50	—	—	21	—	0.00 / 0.35	—	96
—	0.19 / 3.30	—	—	21.5	—	0.00 / 0.81	—	3
—	0.00 / 3.05	—	—	22	0.31	0.22 / 0.47	6	242
—	0.51 / 0.88	—	183	22.5	0.54	0.33 / 0.84	204	568
0.34	0.12 / 0.39	1	221	23	—	0.01 / 1.65	—	71
0.16	0.05 / 0.20	4	373	23.5	—	0.35 / 3.25	—	56
—	0.00 / 0.12	—	222	24	—	0.60 / 3.40	—	1
—	0.00 / 0.18	—	197	24.5	—	0.33 / 4.35	—	—
—	0.00 / 0.20	—	37	25	—	0.74 / 4.85	—	—
—	0.00 / 0.52	—	11	25.5	—	1.23 / 5.40	—	—
—	0.00 / 0.42	—	1	26	—	1.73 / 5.90	—	—
—	0.00 / 0.50	—	37	28	—	3.70 / 7.80	—	—
A dash means the contract did not trade — not a price of zero.

Oct 09, 202634 days

call OI 329 · put OI 95

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	4.05 / 7.50	—	2	17.5	—	0.00 / 0.95	—	—
—	3.90 / 7.00	—	10	18	—	0.00 / 0.95	—	—
—	3.05 / 6.50	—	2	18.5	—	0.00 / 0.95	—	—
—	1.75 / 5.00	—	—	20	0.08	0.00 / 0.25	2	4
—	1.22 / 4.50	—	—	20.5	—	0.00 / 0.27	—	5
—	0.66 / 3.50	—	—	21	—	0.00 / 0.37	—	4
—	1.10 / 1.72	—	—	21.5	—	0.03 / 0.35	—	2
—	0.00 / 1.35	—	—	22	0.40	0.12 / 0.73	1	48
0.62	0.49 / 0.88	1	125	22.5	0.57	0.36 / 0.89	100	6
—	0.13 / 0.60	—	2	23	—	0.54 / 1.41	—	25
0.18	0.13 / 0.24	12	36	23.5	—	0.95 / 1.76	—	1
—	0.00 / 0.16	—	51	24	—	0.63 / 3.50	—	—
—	0.00 / 0.40	—	101	24.5	—	0.33 / 4.40	—	—
A dash means the contract did not trade — not a price of zero.

Oct 16, 202641 days

call OI 13,314 · put OI 15,777

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
4.90	3.70 / 6.40	2	4	18	—	0.01 / 0.04	—	250
—	2.87 / 5.45	—	1	19	—	0.02 / 0.05	—	1,344
—	1.90 / 4.45	—	211	20	0.08	0.07 / 0.19	1	1,557
2.12	1.24 / 2.11	1	104	21	0.17	0.16 / 0.22	6	8,170
—	0.93 / 1.22	—	1,532	22	0.41	0.40 / 0.48	11	1,403
0.36	0.31 / 0.40	106	4,440	23	0.95	0.76 / 1.19	2	2,781
0.08	0.07 / 0.10	202	4,686	24	—	1.42 / 2.24	—	149
0.02	0.02 / 0.05	62	1,905	25	—	0.75 / 4.90	—	64
—	0.00 / 0.03	—	362	26	—	2.18 / 5.90	—	59
—	0.00 / 0.03	—	65	27	—	3.40 / 6.85	—	—
—	0.00 / 0.75	—	4	28	—	3.75 / 7.85	—	—
A dash means the contract did not trade — not a price of zero.

How to read this chain

Calls sit on the left, puts on the right, and every row is one strike. The highlighted row is the strike closest to spot. Open interest is the number of contracts still outstanding at that strike — positions that exist right now. Volume is how many traded on the session shown. Open interest builds slowly and marks where positioning has accumulated; volume spikes and marks where attention went today.

Strikes with no open interest and no trades on either side are omitted, and the ladder is trimmed to within 25% of spot — the far wings are almost entirely empty and say nothing about positioning.

More on NLY

NLY options score NLY gamma walls NLY max pain NLY IV rank NLY put/call ratio NLY options flow

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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.