Howmet Aerospace HWM
$205.81 +$5.05 (+2.52%)
Market closed · Nov 7, 9:10 am ET · Last extended-hours $202.09 -1.81%
Open$205.21
Prev close$200.76
Day range$201.90 – $207.28
Volume4.03M
Market cap$81.84B
P/E (TTM)40.4
Dividend yield0.24%
Average implied volatility across the listed chain right now: 58%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.
Open interest by strike
Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.
Implied volatility by strike
The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.
Calls
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 13 Nov 2026 | $205.00 | $7.10 | $5.10/$7.10 | 15 | 25 | 55% |
| 13 Nov 2026 | $207.50 | $5.53 | $3.30/$5.80 | 17 | 35 | 51% |
| 13 Nov 2026 | $202.50 | $7.30 | $6.00/$9.40 | 2 | 5 | 57% |
| 13 Nov 2026 | $210.00 | $4.39 | $3.10/$4.50 | 40 | 105 | 54% |
| 13 Nov 2026 | $200.00 | $7.62 | $8.20/$10.40 | 0 | 21 | 58% |
| 13 Nov 2026 | $212.50 | $3.30 | $2.20/$3.40 | 1 | 20 | 52% |
| 13 Nov 2026 | $197.50 | $11.15 | $9.50/$12.10 | 1 | 11 | 56% |
| 13 Nov 2026 | $215.00 | $2.48 | $1.65/$2.85 | 44 | 84 | 54% |
| 13 Nov 2026 | $195.00 | $10.32 | $11.90/$14.00 | 0 | 10 | 60% |
| 13 Nov 2026 | $217.50 | $1.70 | $0.70/$2.85 | 22 | 20 | 55% |
| 13 Nov 2026 | $192.50 | $11.98 | $13.90/$16.10 | 0 | 12 | 61% |
| 13 Nov 2026 | $220.00 | $1.32 | $0.70/$1.50 | 21 | 261 | 52% |
| 13 Nov 2026 | $190.00 | $13.65 | $15.40/$18.90 | 0 | 4 | 63% |
| 13 Nov 2026 | $222.50 | $1.00 | $0.05/$1.45 | 2 | 15 | 51% |
| 13 Nov 2026 | $187.50 | $15.58 | $18.40/$20.60 | 0 | 0 | 67% |
Puts
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 13 Nov 2026 | $205.00 | $4.30 | $4.20/$5.70 | 36 | 16 | 53% |
| 13 Nov 2026 | $207.50 | $5.91 | $5.40/$7.00 | 14 | 11 | 52% |
| 13 Nov 2026 | $202.50 | $4.45 | $2.55/$5.40 | 3 | 12 | 54% |
| 13 Nov 2026 | $210.00 | $12.57 | $6.80/$9.30 | 0 | 60 | 56% |
| 13 Nov 2026 | $200.00 | $2.85 | $1.65/$3.70 | 54 | 16 | 50% |
| 13 Nov 2026 | $212.50 | $14.41 | $8.40/$9.80 | 0 | 6 | 50% |
| 13 Nov 2026 | $197.50 | $2.67 | $1.70/$2.85 | 10 | 12 | 55% |
| 13 Nov 2026 | $215.00 | $10.40 | $10.20/$12.10 | 1 | 5 | 52% |
| 13 Nov 2026 | $195.00 | $1.55 | $0.30/$2.75 | 62 | 125 | 53% |
| 13 Nov 2026 | $217.50 | $18.38 | $11.90/$14.10 | 0 | 0 | 51% |
| 13 Nov 2026 | $192.50 | $1.15 | $0.05/$2.15 | 22 | 3 | 54% |
| 13 Nov 2026 | $220.00 | $20.50 | $13.40/$16.00 | 0 | 10 | 44% |
| 13 Nov 2026 | $190.00 | $1.05 | $0.55/$1.60 | 50 | 9 | 60% |
| 13 Nov 2026 | $222.50 | $16.85 | $15.90/$18.20 | 1 | 3 | 45% |
| 13 Nov 2026 | $187.50 | $2.21 | $0.00/$2.80 | 0 | 1 | 86% |
Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.
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