Magnolia Oil & Gas Corporation (MGY) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
Magnolia Oil & Gas Corporation (MGY) operates in the Energy sector, specifically the Oil & Gas Exploration & Production industry, with a market capitalization near $5.95B, listed on NYSE, employing roughly 262 people, carrying a beta of 0.70 to the broader market. Magnolia Oil & Gas Corporation is an energy company engaged in the full lifecycle of hydrocarbon resource management: acquisition, development, exploration, and production of crude oil, natural gas, and natural gas liquids (NGLs) within the United States. Led by Christopher G. Stavros, public since 2017-06-29.
Snapshot as of Oct 14, 2026.
- Spot Price
- $24.84
- Total OI
- 22.5K
- Total Volume
- 234
- Front Expiration
- 37 days
- Second Expiration
- 65 days
- ATM IV
- 39.5%
- Avg Bid/Ask Spread
- 23.46%
As of Oct 14, 2026, Magnolia Oil & Gas Corporation (MGY) has 22.5K open contracts and 234 contracts traded. The nearest expiration is 37 days out, followed by 65 days. ATM implied volatility is 39.5%. Average bid/ask spread across the chain is 23.46%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How MGY options chain Data Feeds Strategy Selection
Strategy selection on Magnolia Oil & Gas Corporation options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 39.5% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the MGY chain depth
The listed-expirations table below shows every expiration available for Magnolia Oil & Gas Corporation options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. MGY front expiration sits at 37 days - the typical hedging horizon for monthly options. The backwardated slope of -0.019 means near-dated IV is pricing acute event risk.
MGY chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the MGY chain is 23.46% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the MGY chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. MGY's current 11.32% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
MGY listed expirations
Per-expiration ATM implied volatility for MGY options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Oct 16, 2026 | 2 | 23.6% |
| Nov 20, 2026 | 37 | 39.5% |
| Dec 18, 2026 | 65 | 37.6% |
| Mar 19, 2027 | 156 | 37.7% |
| Dec 17, 2027 | 429 | 34.2% |
MGY most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $25.00 | Oct 16, 2026 | 0 | 3.6K | 23.6% | $0.15 | $0.75 |
Top 1 contracts from the institutional-grade nightly options scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked MGY options chain questions
- What does the MGY options chain show right now?
- As of Oct 14, 2026, Magnolia Oil & Gas Corporation (MGY) has 22.5K contracts outstanding and 234 traded today, with ATM IV of 39.5%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for MGY options?
- The nearest expiration is 37 days out, followed by 65 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are MGY options bid/ask spreads?
- Average bid/ask spread across the chain is 23.46%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.