Northrop Grumman Stock Options
| NOC Stock | USD 490.72 1.49 0.30% |
Northrop Grumman's latest option contracts expiring on June 20th 2025 are carrying combined implied volatility of 0.39 with a put-to-call open interest ratio of 0.9 over 82 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on June 20th 2025. The total put volume is at 37.0, with calls trading at the volume of 32.0. This yields a 1.16 put-to-call volume ratio.
Open Interest Against June 20th 2025 Option Contracts
2025-06-20
The chart above shows Northrop Grumman's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Northrop Grumman's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Northrop Grumman's option, there is no secondary market available for investors to trade.
Northrop Grumman Maximum Pain Price Across 2025-06-20 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Northrop Grumman close to expiration to expire worthless. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, Northrop Grumman's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Northrop Grumman
Analyzing Northrop Grumman's in-the-money options over time can help investors to take a profitable long position in Northrop Grumman regardless of its overall volatility. This is especially true when Northrop Grumman's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Northrop Grumman's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Northrop Grumman's stock while costing only a fraction of its price.
Northrop Grumman's stock options are financial instruments that give investors the right to buy or sell shares of Northrop Grumman common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Northrop stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Northrop Grumman's stock price goes up or down, the stock options follow.
At present, Northrop Grumman's Stock Based Compensation To Revenue is projected to slightly decrease based on the last few years of reporting. Northrop Grumman In The Money Call Balance
When Northrop Grumman's strike price is surpassing the current stock price, the option contract against Northrop Grumman stock is said to be in the money. When it comes to buying Northrop Grumman's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Northrop Grumman are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Northrop Current Options Market Mood
Northrop Grumman's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Northrop Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Northrop Grumman's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Northrop Grumman's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Northrop contract
Base on the Rule 16, the options market is currently suggesting that Northrop Grumman will have an average daily up or down price movement of about 0.0244% per day over the life of the 2025-06-20 option contract. With Northrop Grumman trading at USD 490.72, that is roughly USD 0.12. If you think that the market is fully incorporating Northrop Grumman's daily price movement you should consider buying Northrop Grumman options at the current volatility level of 0.39%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Northrop |
Purchasing Northrop Grumman options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Northrop calls. Remember, the seller must deliver Northrop Grumman stock to the call owner when a call is exercised.
Northrop Grumman Option Chain
When Northrop Grumman's strike price is surpassing the current stock price, the option contract against Northrop Grumman stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Northrop Grumman's option chain is a display of a range of information that helps investors for ways to trade options on Northrop. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Northrop. It also shows strike prices and maturity days for a Northrop Grumman against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | NOC250620C00800000 | 5 | 800.0 | 0.0 - 4.4 | 0.2 | Out |
Call | NOC250620C00780000 | 0 | 780.0 | 0.0 - 4.4 | 4.4 | |
Call | NOC250620C00760000 | 0 | 760.0 | 0.0 - 4.5 | 4.5 | |
Call | NOC250620C00740000 | 18 | 740.0 | 0.0 - 4.5 | 1.7 | Out |
Call | NOC250620C00720000 | 26 | 720.0 | 0.0 - 1.1 | 0.65 | Out |
Call | NOC250620C00700000 | 25 | 700.0 | 0.05 - 3.9 | 3.9 | Out |
Call | NOC250620C00680000 | 198 | 680.0 | 0.1 - 1.15 | 0.15 | Out |
Call | NOC250620C00660000 | 3 | 660.0 | 0.05 - 4.8 | 0.67 | Out |
Call | NOC250620C00640000 | 11 | 640.0 | 0.05 - 10.0 | 14.3 | Out |
Call | NOC250620C00630000 | 61 | 630.0 | 0.25 - 8.0 | 1.55 | Out |
Call | NOC250620C00620000 | 53 | 620.0 | 0.35 - 8.2 | 1.2 | Out |
Call | NOC250620C00610000 | 60 | 610.0 | 0.5 - 10.0 | 2.75 | Out |
Call | NOC250620C00600000 | 248 | 600.0 | 0.7 - 2.3 | 1.7 | Out |
Call | NOC250620C00590000 | 171 | 590.0 | 0.85 - 3.3 | 5.0 | Out |
Call | NOC250620C00580000 | 152 | 580.0 | 2.05 - 2.8 | 2.5 | Out |
Call | NOC250620C00570000 | 43 | 570.0 | 2.75 - 3.6 | 3.4 | Out |
Call | NOC250620C00560000 | 147 | 560.0 | 3.7 - 4.7 | 5.3 | Out |
Call | NOC250620C00550000 | 143 | 550.0 | 5.0 - 6.1 | 5.59 | Out |
Call | NOC250620C00540000 | 133 | 540.0 | 6.7 - 8.2 | 7.6 | Out |
Call | NOC250620C00530000 | 61 | 530.0 | 8.1 - 10.2 | 11.65 | Out |
Call | NOC250620C00520000 | 154 | 520.0 | 11.5 - 13.0 | 12.8 | Out |
Call | NOC250620C00510000 | 283 | 510.0 | 15.5 - 17.0 | 16.3 | Out |
Call | NOC250620C00500000 | 245 | 500.0 | 17.2 - 21.1 | 20.8 | Out |
Call | NOC250620C00490000 | 91 | 490.0 | 23.8 - 26.3 | 27.5 | Out |
Call | NOC250620C00480000 | 608 | 480.0 | 28.3 - 32.1 | 33.0 | In |
Call | NOC250620C00470000 | 108 | 470.0 | 36.0 - 38.6 | 37.2 | In |
Call | NOC250620C00460000 | 36 | 460.0 | 42.6 - 46.0 | 38.0 | In |
Call | NOC250620C00450000 | 97 | 450.0 | 48.2 - 54.0 | 52.2 | In |
Call | NOC250620C00440000 | 5 | 440.0 | 57.9 - 64.0 | 54.1 | In |
Call | NOC250620C00430000 | 17 | 430.0 | 63.3 - 72.6 | 53.6 | In |
Call | NOC250620C00420000 | 6 | 420.0 | 72.4 - 81.0 | 67.0 | In |
Call | NOC250620C00410000 | 1 | 410.0 | 82.4 - 90.0 | 76.1 | In |
Call | NOC250620C00400000 | 3 | 400.0 | 91.8 - 99.0 | 110.9 | In |
Call | NOC250620C00390000 | 1 | 390.0 | 100.3 - 109.0 | 71.1 | In |
Call | NOC250620C00380000 | 7 | 380.0 | 111.2 - 118.0 | 111.0 | In |
Call | NOC250620C00370000 | 10 | 370.0 | 119.4 - 128.0 | 125.9 | In |
Call | NOC250620C00350000 | 2 | 350.0 | 139.0 - 147.0 | 103.0 | In |
Call | NOC250620C00320000 | 1 | 320.0 | 168.3 - 177.0 | 150.0 | In |
Call | NOC250620C00300000 | 2 | 300.0 | 188.0 - 197.0 | 191.8 | In |
Call | NOC250620C00290000 | 1 | 290.0 | 198.8 - 206.0 | 219.8 | In |
Put | NOC250620P00800000 | 0 | 800.0 | 306.5 - 314.5 | 306.5 | In |
Put | NOC250620P00780000 | 0 | 780.0 | 287.3 - 296.0 | 287.3 | In |
Put | NOC250620P00760000 | 0 | 760.0 | 267.3 - 274.0 | 267.3 | In |
Put | NOC250620P00740000 | 0 | 740.0 | 247.3 - 254.6 | 247.3 | In |
Put | NOC250620P00720000 | 0 | 720.0 | 227.5 - 234.5 | 227.5 | In |
Put | NOC250620P00700000 | 0 | 700.0 | 208.2 - 213.8 | 208.2 | In |
Put | NOC250620P00680000 | 0 | 680.0 | 187.3 - 196.0 | 187.3 | In |
Put | NOC250620P00660000 | 0 | 660.0 | 167.3 - 175.1 | 167.3 | In |
Put | NOC250620P00640000 | 0 | 640.0 | 147.3 - 154.5 | 147.3 | In |
Put | NOC250620P00630000 | 0 | 630.0 | 136.4 - 144.5 | 136.4 | In |
Put | NOC250620P00570000 | 1 | 570.0 | 77.1 - 82.8 | 67.85 | In |
Put | NOC250620P00560000 | 5 | 560.0 | 68.0 - 75.0 | 94.7 | In |
Put | NOC250620P00540000 | 4 | 540.0 | 50.1 - 56.2 | 62.34 | In |
Put | NOC250620P00530000 | 27 | 530.0 | 44.5 - 48.3 | 46.8 | In |
Put | NOC250620P00520000 | 51 | 520.0 | 37.6 - 43.8 | 40.1 | In |
Put | NOC250620P00510000 | 17 | 510.0 | 31.2 - 36.7 | 74.45 | In |
Put | NOC250620P00500000 | 126 | 500.0 | 26.1 - 30.5 | 28.08 | In |
Put | NOC250620P00490000 | 60 | 490.0 | 21.1 - 23.8 | 21.9 | Out |
Put | NOC250620P00480000 | 93 | 480.0 | 16.8 - 18.4 | 17.7 | Out |
Put | NOC250620P00470000 | 150 | 470.0 | 13.1 - 14.6 | 14.3 | Out |
Put | NOC250620P00460000 | 82 | 460.0 | 10.6 - 11.8 | 11.8 | Out |
Put | NOC250620P00450000 | 195 | 450.0 | 5.5 - 10.1 | 11.0 | Out |
Put | NOC250620P00440000 | 177 | 440.0 | 5.3 - 9.2 | 9.69 | Out |
Put | NOC250620P00430000 | 239 | 430.0 | 4.0 - 10.0 | 7.8 | Out |
Put | NOC250620P00420000 | 312 | 420.0 | 3.0 - 8.9 | 5.03 | Out |
Put | NOC250620P00410000 | 116 | 410.0 | 0.8 - 10.0 | 5.2 | Out |
Put | NOC250620P00400000 | 449 | 400.0 | 0.2 - 10.0 | 4.1 | Out |
Put | NOC250620P00390000 | 134 | 390.0 | 1.0 - 6.2 | 2.75 | Out |
Put | NOC250620P00380000 | 298 | 380.0 | 0.8 - 4.0 | 2.35 | Out |
Put | NOC250620P00370000 | 29 | 370.0 | 0.65 - 8.7 | 2.05 | Out |
Put | NOC250620P00360000 | 23 | 360.0 | 0.3 - 5.5 | 1.3 | Out |
Put | NOC250620P00350000 | 112 | 350.0 | 1.0 - 1.65 | 1.06 | Out |
Put | NOC250620P00340000 | 49 | 340.0 | 0.15 - 4.8 | 1.55 | Out |
Put | NOC250620P00330000 | 51 | 330.0 | 0.05 - 10.0 | 4.6 | Out |
Put | NOC250620P00320000 | 38 | 320.0 | 0.05 - 10.0 | 1.15 | Out |
Put | NOC250620P00310000 | 22 | 310.0 | 0.05 - 10.0 | 2.5 | Out |
Put | NOC250620P00300000 | 10 | 300.0 | 0.0 - 4.8 | 1.45 | Out |
Put | NOC250620P00280000 | 1 | 280.0 | 0.0 - 4.6 | 3.01 | Out |
Put | NOC250620P00250000 | 1 | 250.0 | 0.0 - 4.4 | 2.55 | Out |
Put | NOC250620P00240000 | 7 | 240.0 | 0.0 - 4.4 | 0.6 | Out |
Put | NOC250620P00230000 | 1 | 230.0 | 0.0 - 4.8 | 0.55 | Out |
Put | NOC250620P00220000 | 31 | 220.0 | 0.0 - 4.4 | 0.79 | Out |
Northrop Grumman Market Cap Over Time
Market Cap |
| Timeline |
Northrop Total Stockholder Equity
Total Stockholder Equity |
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Northrop Grumman Corporate Directors
| Thomas Schoewe | Independent Director | Profile | |
| Marianne Brown | Independent Director | Profile | |
| Karl Krapek | Independent Director | Profile | |
| Madeleine Kleiner | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrop Grumman. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For information on how to trade Northrop Stock refer to our How to Trade Northrop Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northrop Grumman. If investors know Northrop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northrop Grumman listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.133 | Dividend Share 8.05 | Earnings Share 28.33 | Revenue Per Share | Quarterly Revenue Growth 0.005 |
The market value of Northrop Grumman is measured differently than its book value, which is the value of Northrop that is recorded on the company's balance sheet. Investors also form their own opinion of Northrop Grumman's value that differs from its market value or its book value, called intrinsic value, which is Northrop Grumman's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northrop Grumman's market value can be influenced by many factors that don't directly affect Northrop Grumman's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northrop Grumman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrop Grumman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrop Grumman's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.