Northern Oil Stock Options
| NOG Stock | USD 37.94 1.49 3.78% |
Northern Oil's latest option contracts expiring on March 21st 2025 are carrying combined implied volatility of 0.41 with a put-to-call open interest ratio of 0.26 over 44 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on March 21st 2025. The total put volume is at 238, with calls trading at the volume of 135. This yields a 1.76 put-to-call volume ratio.
Open Interest Against March 21st 2025 Option Contracts
2025-03-21
The chart above shows Northern Oil'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. Northern Oil's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Northern Oil's option, there is no secondary market available for investors to trade.
Northern Oil Maximum Pain Price Across 2025-03-21 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 Northern Oil 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, Northern Oil'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 Northern Oil
Analyzing Northern Oil's in-the-money options over time can help investors to take a profitable long position in Northern Oil regardless of its overall volatility. This is especially true when Northern Oil's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Northern Oil's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Northern Oil's stock while costing only a fraction of its price.
Northern Oil Gas In The Money Call Balance
When Northern Oil's strike price is surpassing the current stock price, the option contract against Northern Oil Gas stock is said to be in the money. When it comes to buying Northern Oil'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 Northern Oil Gas 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.
Northern Current Options Market Mood
Northern Oil'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 Northern 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
Unfortunately, most Northern Oil's options investors are not very successful. Northern Oil'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 Northern contract
Base on the Rule 16, the options market is currently suggesting that Northern Oil Gas will have an average daily up or down price movement of about 0.0256% per day over the life of the 2025-03-21 option contract. With Northern Oil trading at USD 37.94, that is roughly USD 0.009722. If you think that the market is fully incorporating Northern Oil's daily price movement you should consider buying Northern Oil Gas options at the current volatility level of 0.41%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Northern Oil 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" Northern calls. Remember, the seller must deliver Northern Oil Gas stock to the call owner when a call is exercised.
Northern Oil Option Chain
When Northern Oil's strike price is surpassing the current stock price, the option contract against Northern Oil Gas 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.
Northern Oil's option chain is a display of a range of information that helps investors for ways to trade options on Northern. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Northern. It also shows strike prices and maturity days for a Northern Oil 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 | NOG250321C00030000 | 7 | 30.0 | 8.0 - 10.4 | 10.1 | In |
Call | NOG250321C00033000 | 3 | 33.0 | 5.3 - 5.8 | 7.98 | In |
Call | NOG250321C00034000 | 2 | 34.0 | 4.4 - 6.1 | 3.6 | In |
Call | NOG250321C00035000 | 59 | 35.0 | 3.8 - 4.2 | 4.3 | In |
Call | NOG250321C00036000 | 26 | 36.0 | 3.1 - 3.3 | 6.58 | In |
Call | NOG250321C00037000 | 291 | 37.0 | 1.45 - 2.6 | 7.2 | In |
Call | NOG250321C00038000 | 129 | 38.0 | 1.85 - 2.75 | 2.85 | Out |
Call | NOG250321C00039000 | 153 | 39.0 | 1.4 - 2.5 | 1.65 | Out |
Call | NOG250321C00040000 | 266 | 40.0 | 1.0 - 2.1 | 1.25 | Out |
Call | NOG250321C00041000 | 180 | 41.0 | 0.7 - 0.8 | 0.9 | Out |
Call | NOG250321C00042000 | 4465 | 42.0 | 0.45 - 0.6 | 0.7 | Out |
Call | NOG250321C00043000 | 298 | 43.0 | 0.3 - 0.4 | 0.42 | Out |
Call | NOG250321C00044000 | 93 | 44.0 | 0.2 - 0.3 | 0.3 | Out |
Call | NOG250321C00045000 | 1136 | 45.0 | 0.1 - 0.2 | 0.23 | Out |
Call | NOG250321C00046000 | 446 | 46.0 | 0.05 - 0.15 | 0.25 | Out |
Call | NOG250321C00047000 | 64 | 47.0 | 0.0 - 0.35 | 0.5 | Out |
Call | NOG250321C00048000 | 153 | 48.0 | 0.0 - 0.15 | 0.46 | Out |
Call | NOG250321C00049000 | 7 | 49.0 | 0.0 - 0.75 | 0.1 | Out |
Call | NOG250321C00050000 | 34 | 50.0 | 0.0 - 0.75 | 0.1 | Out |
Call | NOG250321C00055000 | 5 | 55.0 | 0.0 - 0.6 | 0.2 | Out |
Call | NOG250321C00060000 | 0 | 60.0 | 0.0 - 0.75 | 0.75 | |
Put | NOG250321P00025000 | 1 | 25.0 | 0.0 - 0.3 | 0.05 | Out |
Put | NOG250321P00030000 | 23 | 30.0 | 0.0 - 0.35 | 0.65 | Out |
Put | NOG250321P00032000 | 27 | 32.0 | 0.2 - 0.3 | 0.25 | Out |
Put | NOG250321P00033000 | 5 | 33.0 | 0.3 - 0.4 | 0.35 | Out |
Put | NOG250321P00034000 | 642 | 34.0 | 0.4 - 0.6 | 0.4 | Out |
Put | NOG250321P00035000 | 144 | 35.0 | 0.6 - 0.75 | 0.35 | Out |
Put | NOG250321P00036000 | 260 | 36.0 | 0.9 - 1.05 | 0.45 | Out |
Put | NOG250321P00037000 | 64 | 37.0 | 1.25 - 1.35 | 1.3 | Out |
Put | NOG250321P00038000 | 109 | 38.0 | 1.65 - 1.8 | 1.1 | Out |
Put | NOG250321P00039000 | 216 | 39.0 | 2.2 - 2.65 | 2.09 | In |
Put | NOG250321P00040000 | 45 | 40.0 | 2.8 - 2.95 | 2.07 | In |
Put | NOG250321P00041000 | 66 | 41.0 | 3.5 - 3.7 | 3.57 | In |
Put | NOG250321P00042000 | 218 | 42.0 | 4.3 - 4.5 | 4.4 | In |
Put | NOG250321P00043000 | 97 | 43.0 | 5.1 - 5.3 | 4.9 | In |
Put | NOG250321P00044000 | 40 | 44.0 | 5.9 - 6.4 | 4.1 | In |
Put | NOG250321P00045000 | 74 | 45.0 | 6.6 - 7.8 | 4.5 | In |
Put | NOG250321P00046000 | 11 | 46.0 | 7.1 - 8.2 | 5.1 | In |
Put | NOG250321P00047000 | 0 | 47.0 | 8.2 - 10.6 | 8.2 | In |
Put | NOG250321P00048000 | 0 | 48.0 | 9.5 - 11.2 | 9.9 | In |
Put | NOG250321P00049000 | 0 | 49.0 | 10.2 - 11.8 | 10.2 | In |
Put | NOG250321P00050000 | 0 | 50.0 | 11.0 - 13.0 | 11.0 | In |
Put | NOG250321P00055000 | 0 | 55.0 | 16.0 - 18.0 | 16.0 | In |
Put | NOG250321P00060000 | 0 | 60.0 | 21.5 - 23.3 | 21.5 | In |
Northern Oil Market Cap Over Time
Market Cap |
| Timeline |
Northern Total Stockholder Equity
Total Stockholder Equity |
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Northern Oil Corporate Directors
| Robert Grabb | Independent Director | Profile | |
| Michael Frantz | Independent Director | Profile | |
| Lisa Bromiley | Lead Independent Director | Profile | |
| Michael Popejoy | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. 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. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Oil & Gas Exploration & Production 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 Northern Oil. If investors know Northern 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 Northern Oil 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 9.571 | Dividend Share 1.62 | Earnings Share 8.48 | Revenue Per Share | Quarterly Revenue Growth 0.062 |
The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil'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 Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil'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 Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil'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.