Novartis AG NVS
$162.55 +$0.62 (+0.38%)
Market closed · Nov 6, 8:20 pm ET · Last extended-hours $162.55 0.00%
Open$159.40
Prev close$161.93
Day range$159.36 – $163.11
Volume2.00M
Market cap$307.00B
P/E (TTM)31.0
Dividend yield2.92%
Average implied volatility across the listed chain right now: 39%. 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 |
|---|---|---|---|---|---|---|
| 20 Nov 2026 | $165.00 | $2.50 | $2.40/$2.95 | 24 | 1,810 | 30% |
| 20 Nov 2026 | $160.00 | $5.11 | $5.00/$5.60 | 3 | 1,229 | 31% |
| 20 Nov 2026 | $170.00 | $1.10 | $0.85/$1.50 | 27 | 1,303 | 30% |
| 20 Nov 2026 | $155.00 | $9.00 | $8.20/$9.60 | 0 | 2,800 | 32% |
| 20 Nov 2026 | $175.00 | $0.50 | $0.15/$0.75 | 2 | 433 | 30% |
| 20 Nov 2026 | $150.00 | $13.01 | $12.20/$14.10 | 2 | 360 | 32% |
| 20 Nov 2026 | $180.00 | $0.39 | $0.10/$0.70 | 0 | 234 | 37% |
| 20 Nov 2026 | $145.00 | $17.74 | $16.90/$19.00 | 0 | 975 | 36% |
| 20 Nov 2026 | $185.00 | $0.23 | $0.00/$0.50 | 0 | 6 | 40% |
| 20 Nov 2026 | $140.00 | $22.54 | $21.80/$23.60 | 0 | 267 | 0% |
| 20 Nov 2026 | $190.00 | $0.08 | $0.00/$0.10 | 0 | 225 | 39% |
| 20 Nov 2026 | $135.00 | $27.42 | $26.80/$28.60 | 0 | 83 | 0% |
| 20 Nov 2026 | $195.00 | $0.03 | $0.00/$0.25 | 0 | 3 | 39% |
| 20 Nov 2026 | $130.00 | $32.38 | $31.80/$33.60 | 0 | 3 | 0% |
| 20 Nov 2026 | $200.00 | $0.01 | $0.00/$0.20 | 0 | 0 | 39% |
Puts
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 20 Nov 2026 | $165.00 | $5.10 | $4.50/$5.40 | 8 | 4,758 | 31% |
| 20 Nov 2026 | $160.00 | $2.90 | $2.40/$2.75 | 573 | 2,061 | 32% |
| 20 Nov 2026 | $170.00 | $9.07 | $8.00/$9.30 | 0 | 350 | 33% |
| 20 Nov 2026 | $155.00 | $1.10 | $1.10/$2.10 | 35 | 14,599 | 38% |
| 20 Nov 2026 | $175.00 | $13.43 | $12.20/$13.90 | 0 | 0 | 36% |
| 20 Nov 2026 | $150.00 | $0.45 | $0.45/$0.70 | 10 | 2,566 | 36% |
| 20 Nov 2026 | $180.00 | $18.18 | $16.90/$18.70 | 0 | 0 | 41% |
| 20 Nov 2026 | $145.00 | $0.22 | $0.05/$0.60 | 3 | 2,065 | 41% |
| 20 Nov 2026 | $185.00 | $23.09 | $21.70/$23.60 | 0 | 0 | 45% |
| 20 Nov 2026 | $140.00 | $0.15 | $0.05/$0.25 | 15 | 2,059 | 43% |
| 20 Nov 2026 | $190.00 | $28.07 | $26.30/$28.50 | 0 | 0 | 0% |
| 20 Nov 2026 | $135.00 | $0.12 | $0.00/$0.15 | 2 | 2,089 | 50% |
| 20 Nov 2026 | $195.00 | $33.07 | $31.40/$33.50 | 0 | 0 | 46% |
| 20 Nov 2026 | $130.00 | $0.01 | $0.00/$0.30 | 0 | 1,542 | 44% |
| 20 Nov 2026 | $200.00 | $38.07 | $36.00/$38.60 | 0 | 0 | 0% |
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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