Organon & Co. (OGN) Open Interest History
Open interest tracks the total number of outstanding options contracts. Rising OI alongside price moves can indicate growing commitment to the trend; declining OI suggests positions are being closed.
Organon & Co. (OGN) operates in the Healthcare sector, specifically the Drug Manufacturers - General industry, with a market capitalization near $3.50B, listed on NYSE, employing roughly 10,000 people, carrying a beta of 1.55 to the broader market. Organon & Co. Led by Joseph T. Morrissey Jr., public since 2021-05-14.
Snapshot as of May 15, 2026.
- Spot Price
- $13.39
- Call OI
- 105.0K
- Put OI
- 91.7K
- Total OI
- 196.6K
- Put/Call Ratio
- 0.34
As of May 15, 2026, Organon & Co. (OGN) has 196.6K total contracts outstanding across all expirations. Put/call OI ratio is 0.87 (balanced positioning). Open interest reflects accumulated positions from prior sessions; persistent growth indicates sustained directional or hedging interest, while sharp drops typically mean post-expiration clean-up.
How OGN open interest history Data Feeds Strategy Selection
Strategy selection on Organon & Co. options does not derive from any single metric in isolation. The open interest history view above sits inside a broader read: ATM IV currently sits at 3.8% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the open interest history 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.
Learn how open interest is reported and how to read the data →
OGN highest open-interest contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $14.00 | Dec 18, 2026 | 11 | 3.8K | 3.6% | $0.10 | $0.15 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by oi within the broader S&P 500/400/600 + ETF universe.
Frequently asked OGN open interest history questions
- What is the current OGN options open interest?
- As of May 15, 2026, Organon & Co. (OGN) has 196.6K total contracts outstanding across all listed expirations, split as 105.0K calls and 91.7K puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.
- What is the OGN put/call open interest ratio?
- Put/call OI ratio of 0.87 is balanced.
- What does OGN open interest tell traders?
- Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.