Novartis AG
NVS
143.75
+0.64
+0.45%
Novartis AG
US · NVS
#65 by market cap
Listed 1970
143.75
+0.64
+0.45%
Live - 5344 symbols - heartbeat 81s ago
· 2026-10-09 19:30
✦ Today’s options flow
Puts lead
852 1920
■ Call volume■ Put volume
- Puts are outnumbering calls 2.3 to 1 today — that can mean bearish bets or just hedging against an existing position, options volume alone can't tell you which.
Options-implied move vs. analyst target
The chain's longest listed expiration (Jan 15, 2027, 96 days out) implies 24.18% annualized vol near the money — a one-standard-deviation move to roughly $125.92–$161.58 by then.
Options-implied (~68% band), 96d
$125.92now $143.75$161.58
Analyst target range, ~12mo
$156.00avg $168.67$180.00
Two different things on the same scale: the purple band is the options market's own near-term volatility pricing (statistical, 96 days out); the blue band is sell-side opinion on a roughly 12-month horizon. Neither is a forecast.
Most active contracts today
| Contract | Type | Last | Volume | Open int. | IV |
|---|---|---|---|---|---|
| Jan 15 $125.00 | Put | $1.90 | 1,500 | 3,741 | 25.59% |
| Nov 20 $140.00 | Put | $4.93 | 268 | 1,308 | 24.63% |
| Oct 16 $150.00 | Call | $0.23 | 244 | 1,097 | 28.03% |
| Oct 16 $145.00 | Call | $1.18 | 149 | 1,944 | 25.29% |
| Dec 18 $145.00 | Call | $5.79 | 130 | 425 | 24.87% |
| Jan 15 $160.00 | Call | $2.35 | 111 | 505 | 24.23% |
| Dec 18 $150.00 | Call | $3.95 | 42 | 253 | 24.49% |
| Jan 15 $135.00 | Call | $12.25 | 41 | 868 | 25.49% |
| Nov 20 $130.00 | Put | $1.80 | 31 | 1,539 | 25.67% |
| Nov 20 $145.00 | Call | $4.45 | 30 | 320 | 25.02% |
Ranked by today’s contract volume, calls and puts together. Ties in the underlying data land in whatever order the database returns them.
Full chain, by expiration
Oct 16, 2026 (31 strikes)
| Calls | Strike | Puts | ||||
|---|---|---|---|---|---|---|
| Last | Vol | OI | Last | Vol | OI | |
| $73.11 | 0 | 0 | $70.00 | $0.00 | 0 | 0 |
| $68.11 | 0 | 0 | $75.00 | $0.00 | 0 | 0 |
| $63.11 | 0 | 0 | $80.00 | $0.00 | 0 | 0 |
| $58.11 | 0 | 0 | $85.00 | $0.00 | 0 | 0 |
| $53.11 | 0 | 0 | $90.00 | $0.00 | 0 | 0 |
| $48.11 | 0 | 0 | $95.00 | $0.00 | 0 | 0 |
| $43.12 | 0 | 0 | $100.00 | $0.00 | 0 | 8 |
| $38.12 | 0 | 9 | $105.00 | $0.00 | 0 | 2 |
| $33.13 | 0 | 0 | $110.00 | $0.00 | 0 | 63 |
| $28.13 | 0 | 5 | $115.00 | $0.00 | 0 | 17 |
| $23.14 | 0 | 5 | $120.00 | $0.01 | 0 | 82 |
| $18.39 | 1 | 7 | $125.00 | $0.03 | 5 | 893 |
| $13.22 | 0 | 32 | $130.00 | $0.04 | 3 | 3,646 |
| $9.00 | 3 | 201 | $135.00 | $0.12 | 8 | 1,955 |
| $4.00 | 0 | 492 | $140.00 | $0.52 | 7 | 2,502 |
| $1.18 | 149 | 1,944 | $145.00 | $2.42 | 7 | 1,780 |
| $0.23 | 244 | 1,097 | $150.00 | $7.20 | 0 | 1,534 |
| $0.10 | 1 | 1,575 | $155.00 | $11.96 | 0 | 2,521 |
| $0.05 | 3 | 1,670 | $160.00 | $16.90 | 0 | 0 |
| $0.01 | 0 | 883 | $165.00 | $21.89 | 0 | 0 |
| $0.00 | 0 | 655 | $170.00 | $26.89 | 0 | 0 |
| $0.00 | 0 | 697 | $175.00 | $31.89 | 0 | 0 |
| $0.00 | 0 | 631 | $180.00 | $36.89 | 0 | 0 |
| $0.00 | 0 | 251 | $185.00 | $41.89 | 0 | 0 |
| $0.00 | 0 | 265 | $190.00 | $46.89 | 0 | 0 |
| $0.00 | 0 | 31 | $195.00 | $51.89 | 0 | 0 |
| $0.00 | 0 | 337 | $200.00 | $56.89 | 0 | 0 |
| $0.00 | 0 | 3 | $210.00 | $66.89 | 0 | 0 |
| $0.00 | 0 | 3 | $220.00 | $76.89 | 0 | 0 |
| $0.00 | 0 | 0 | $230.00 | $86.89 | 0 | 0 |
| $0.00 | 0 | 0 | $240.00 | $96.89 | 0 | 0 |
Nov 20, 2026 (29 strikes)
| Calls | Strike | Puts | ||||
|---|---|---|---|---|---|---|
| Last | Vol | OI | Last | Vol | OI | |
| $69.36 | 0 | 0 | $70.00 | $0.00 | 0 | 0 |
| $64.40 | 0 | 0 | $75.00 | $0.01 | 0 | 3 |
| $59.44 | 0 | 0 | $80.00 | $0.02 | 0 | 0 |
| $54.49 | 0 | 0 | $85.00 | $0.03 | 0 | 0 |
| $49.54 | 0 | 0 | $90.00 | $0.05 | 0 | 0 |
| $44.61 | 0 | 0 | $95.00 | $0.08 | 0 | 1 |
| $39.69 | 0 | 0 | $100.00 | $0.13 | 0 | 0 |
| $34.80 | 0 | 0 | $105.00 | $0.20 | 0 | 15 |
| $29.91 | 0 | 0 | $110.00 | $0.28 | 0 | 4 |
| $25.12 | 0 | 0 | $115.00 | $0.45 | 0 | 29 |
| $20.33 | 0 | 0 | $120.00 | $0.63 | 0 | 214 |
| $17.86 | 1 | 24 | $125.00 | $0.98 | 2 | 201 |
| $12.00 | 0 | 2 | $130.00 | $1.80 | 31 | 1,539 |
| $10.10 | 1 | 50 | $135.00 | $3.12 | 11 | 2,878 |
| $6.94 | 6 | 199 | $140.00 | $4.93 | 268 | 1,308 |
| $4.45 | 30 | 320 | $145.00 | $8.95 | 0 | 513 |
| $2.90 | 2 | 192 | $150.00 | $12.58 | 0 | 656 |
| $1.61 | 4 | 1,266 | $155.00 | $16.84 | 0 | 512 |
| $1.01 | 29 | 576 | $160.00 | $21.43 | 0 | 783 |
| $0.48 | 0 | 794 | $165.00 | $26.30 | 0 | 350 |
| $0.28 | 0 | 959 | $170.00 | $31.30 | 0 | 0 |
| $0.22 | 0 | 143 | $175.00 | $36.30 | 0 | 0 |
| $0.16 | 0 | 129 | $180.00 | $41.30 | 0 | 0 |
| $0.11 | 0 | 8 | $185.00 | $46.30 | 0 | 0 |
| $0.08 | 0 | 224 | $190.00 | $51.30 | 0 | 0 |
| $0.06 | 0 | 3 | $195.00 | $56.30 | 0 | 0 |
| $0.05 | 0 | 0 | $200.00 | $61.30 | 0 | 0 |
| $0.03 | 0 | 64 | $210.00 | $71.30 | 0 | 0 |
| $0.02 | 0 | 8 | $220.00 | $81.30 | 0 | 0 |
Dec 18, 2026 (31 strikes)
| Calls | Strike | Puts | ||||
|---|---|---|---|---|---|---|
| Last | Vol | OI | Last | Vol | OI | |
| $69.81 | 0 | 2 | $70.00 | $0.12 | 0 | 8 |
| $64.88 | 0 | 0 | $75.00 | $0.13 | 0 | 33 |
| $59.95 | 0 | 0 | $80.00 | $0.15 | 0 | 0 |
| $55.02 | 0 | 0 | $85.00 | $0.17 | 0 | 12 |
| $50.09 | 0 | 0 | $90.00 | $0.19 | 0 | 164 |
| $45.16 | 0 | 0 | $95.00 | $0.21 | 0 | 6 |
| $40.23 | 0 | 6 | $100.00 | $0.23 | 0 | 12 |
| $35.40 | 0 | 12 | $105.00 | $0.35 | 0 | 50 |
| $30.60 | 0 | 5 | $110.00 | $0.35 | 16 | 28 |
| $27.65 | 5 | 5 | $115.00 | $0.70 | 0 | 26 |
| $21.31 | 0 | 2 | $120.00 | $0.90 | 15 | 105 |
| $18.75 | 1 | 3 | $125.00 | $1.55 | 11 | 607 |
| $13.30 | 0 | 5 | $130.00 | $2.60 | 12 | 184 |
| $9.96 | 0 | 122 | $135.00 | $3.90 | 9 | 981 |
| $8.10 | 7 | 230 | $140.00 | $6.10 | 7 | 450 |
| $5.79 | 130 | 425 | $145.00 | $9.70 | 0 | 840 |
| $3.95 | 42 | 253 | $150.00 | $13.14 | 0 | 2,258 |
| $2.55 | 4 | 349 | $155.00 | $17.16 | 0 | 930 |
| $1.65 | 1 | 460 | $160.00 | $21.58 | 0 | 798 |
| $1.10 | 1 | 498 | $165.00 | $26.34 | 0 | 292 |
| $0.58 | 0 | 158 | $170.00 | $31.30 | 0 | 324 |
| $0.40 | 0 | 667 | $175.00 | $36.30 | 0 | 0 |
| $0.30 | 0 | 637 | $180.00 | $41.30 | 0 | 0 |
| $0.23 | 0 | 460 | $185.00 | $46.30 | 0 | 0 |
| $0.18 | 0 | 103 | $190.00 | $51.30 | 0 | 0 |
| $0.15 | 0 | 54 | $195.00 | $56.30 | 0 | 0 |
| $0.13 | 0 | 174 | $200.00 | $61.30 | 0 | 0 |
| $0.08 | 0 | 2 | $210.00 | $71.30 | 0 | 0 |
| $0.03 | 0 | 4 | $220.00 | $81.30 | 0 | 0 |
| $0.01 | 0 | 0 | $230.00 | $91.30 | 0 | 0 |
| $0.01 | 0 | 5 | $240.00 | $101.30 | 0 | 0 |
Jan 15, 2027 (35 strikes)
| Calls | Strike | Puts | ||||
|---|---|---|---|---|---|---|
| Last | Vol | OI | Last | Vol | OI | |
| $89.74 | 0 | 0 | $50.00 | $0.03 | 0 | 27 |
| $84.82 | 0 | 0 | $55.00 | $0.05 | 0 | 7 |
| $79.90 | 0 | 0 | $60.00 | $0.06 | 0 | 19 |
| $74.99 | 0 | 0 | $65.00 | $0.08 | 0 | 11 |
| $70.08 | 0 | 0 | $70.00 | $0.10 | 0 | 115 |
| $65.17 | 0 | 0 | $75.00 | $0.12 | 0 | 256 |
| $60.26 | 0 | 0 | $80.00 | $0.15 | 0 | 458 |
| $55.35 | 0 | 0 | $85.00 | $0.18 | 0 | 139 |
| $50.47 | 0 | 0 | $90.00 | $0.23 | 0 | 442 |
| $45.59 | 0 | 0 | $95.00 | $0.28 | 0 | 717 |
| $40.75 | 0 | 169 | $100.00 | $0.38 | 0 | 1,736 |
| $35.94 | 0 | 143 | $105.00 | $0.50 | 0 | 1,064 |
| $31.16 | 0 | 525 | $110.00 | $0.65 | 0 | 1,661 |
| $26.52 | 0 | 387 | $115.00 | $0.95 | 0 | 1,772 |
| $24.00 | 1 | 245 | $120.00 | $1.53 | 0 | 2,121 |
| $18.02 | 0 | 524 | $125.00 | $1.90 | 1,500 | 3,741 |
| $14.30 | 0 | 791 | $130.00 | $3.60 | 0 | 2,333 |
| $12.25 | 41 | 868 | $135.00 | $5.30 | 0 | 837 |
| $9.25 | 12 | 610 | $140.00 | $7.55 | 0 | 4,785 |
| $6.90 | 10 | 927 | $145.00 | $9.20 | 8 | 850 |
| $4.89 | 9 | 759 | $150.00 | $13.65 | 0 | 4,522 |
| $3.50 | 3 | 691 | $155.00 | $17.52 | 0 | 1,074 |
| $2.35 | 111 | 505 | $160.00 | $21.78 | 0 | 5,118 |
| $1.30 | 0 | 426 | $165.00 | $26.39 | 0 | 1,637 |
| $0.90 | 0 | 303 | $170.00 | $31.30 | 0 | 2 |
| $0.60 | 0 | 535 | $175.00 | $36.30 | 0 | 0 |
| $0.45 | 0 | 159 | $180.00 | $41.30 | 0 | 0 |
| $0.35 | 0 | 205 | $185.00 | $46.30 | 0 | 0 |
| $0.25 | 0 | 239 | $190.00 | $51.30 | 0 | 0 |
| $0.20 | 0 | 94 | $195.00 | $56.30 | 0 | 0 |
| $0.18 | 0 | 75 | $200.00 | $61.30 | 0 | 0 |
| $0.13 | 0 | 3 | $210.00 | $71.30 | 0 | 0 |
| $0.10 | 0 | 23 | $220.00 | $81.30 | 0 | 0 |
| $0.08 | 0 | 1 | $230.00 | $91.30 | 0 | 0 |
| $0.07 | 0 | 39 | $240.00 | $101.30 | 0 | 0 |
Chain covers the nearest 4 expirations only — where almost all retail volume sits. Data as of 2026-10-11 22:15, refreshed a few times a day, not real-time.
For reference only, not investment advice. Options involve risk and are not suitable for every investor.
Quote time 2026-10-09 19:30:05 · For reference only, not investment advice and not tailored to your situation.
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