Diamondback Energy, Inc. (FANG) Most Active Options
The 25 most actively traded Diamondback Energy, Inc. (FANG) option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.
Data as of Aug 25, 2026, 3:50 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
Most Active FANG Contracts
| Contract | Expiration | DTE | Last | IV | IV rank (30d) | Delta | Open interest | Volume | vs 30d avg |
|---|---|---|---|---|---|---|---|---|---|
| FANG $220 call | Jan 15, 2027 | 143d | $10.40 | 0.0% | 0 | 1.00 | 4,549 | 167 | 15.5× avg |
| FANG $230 call | Jan 15, 2027 | 143d | $7.68 | — | — | — | 809 | 128 | — |
| FANG $220 call | Sep 18, 2026 | 24d | $1.29 | — | — | — | 1,527 | 103 | — |
| FANG $210 call | Sep 18, 2026 | 24d | $3.30 | — | — | — | 1,391 | 73 | — |
| FANG $200 put | Sep 18, 2026 | 24d | $6.60 | 31.3% | 0 | 0.52 | 679 | 58 | 1.9× avg |
| FANG $195 call | Jan 15, 2027 | 143d | $21.00 | — | — | — | 248 | 51 | — |
| FANG $180 call | Sep 18, 2026 | 24d | $24.15 | — | — | — | 540 | 50 | — |
| FANG $160 call | Sep 18, 2026 | 24d | $43.25 | — | — | — | 108 | 50 | — |
| FANG $190 put | Oct 16, 2026 | 52d | $5.00 | 33.9% | 51 | -0.32 | 11 | 48 | 2.1× avg |
| FANG $200 call | Jan 15, 2027 | 143d | $19.01 | — | — | — | 1,368 | 43 | — |
| FANG $190 put | Sep 18, 2026 | 24d | $2.58 | — | — | — | 1,668 | 42 | — |
| FANG $200 call | Oct 16, 2026 | 52d | $11.60 | 35.4% | 39 | 0.53 | 21 | 41 | 0.6× avg |
| FANG $195 put | Sep 18, 2026 | 24d | $4.40 | 32.2% | 6 | -0.36 | 560 | 41 | 0.8× avg |
| FANG $220 call | Mar 19, 2027 | 206d | $14.60 | — | — | — | 363 | 32 | — |
| FANG $230 call | Sep 18, 2026 | 24d | $0.55 | — | — | — | 1,265 | 28 | — |
| FANG $165 put | Oct 16, 2026 | 52d | $0.75 | 37.3% | 5 | -0.07 | 4 | 20 | 4.0× avg |
| FANG $200 call | Sep 18, 2026 | 24d | $7.70 | — | — | — | 1,740 | 19 | — |
| FANG $230 call | Mar 19, 2027 | 206d | $11.35 | — | — | — | 371 | 15 | — |
| FANG $210 put | Sep 18, 2026 | 24d | $11.42 | 500.0% | 100 | 0.00 | 305 | 14 | 2.0× avg |
| FANG $160 put | Sep 18, 2026 | 24d | $0.10 | — | — | — | 591 | 13 | — |
| FANG $185 put | Sep 18, 2026 | 24d | $1.55 | — | — | — | 497 | 13 | — |
| FANG $200 put | Jan 15, 2027 | 143d | $15.30 | 34.8% | 88 | -0.45 | 901 | 12 | 8.3× avg |
| FANG $180 put | Oct 16, 2026 | 52d | $2.75 | 34.3% | 38 | -0.19 | 24 | 11 | 0.4× avg |
| FANG $170 put | Dec 18, 2026 | 115d | $4.00 | — | — | — | 138 | 11 | — |
| FANG $175 put | Dec 18, 2026 | 115d | $4.95 | 33.9% | 85 | -0.21 | 33 | 11 | 2.8× avg |
Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.
The most active FANG contract today is the $220 call expiring in 143 days, with 167 contracts traded. Calls dominate the most-active list (13 of the top 25), showing where trading interest concentrates.
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FANG Options FAQ
Which FANG option contract is most active today?
The most traded FANG contract is the $220 call expiring Jan 15, 2027, with 167 contracts traded as of Aug 25, 2026.
How does OptiView rank the most active FANG options?
The table lists the 25 FANG contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.
Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.
Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.