LGND · Ligand Pharmaceuticals Inc

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$288.01 -8.27 (-2.79%) At close · Jul 29

Market Cap

$5.94B

20.04M

Options Chain

15-min delayed Underlying $288.01 · at close Jul 29, 2026 Options Calculator

Positioning

Aug 21, 2026 · 22 days to expiry · 84 contracts

Put / call OI

0.39

Call-heavy positioning

Open interest

554

contracts outstanding

Volume

205

traded today

Max pain

$220.00

$68.01 below spot

ATM implied vol

49.4%

market's expected move

Open interest by strike · near the money

Calls Puts

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Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 22d Sep 18 50d Nov 20 113d Dec 18 141d Jan 15 169d Feb 19 204d Jun 17 322d Dec 17 505d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
1	1	—	—	$98.10		$1.35	-0.008	188.4%	1	1
Call · $105 In the money Last $98.10 Breakeven $203.10 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $105 Last $1.35 Breakeven $103.65 Implied vol 188.4% Delta -0.008 ≈1% ITM Gamma 0 Theta -0.064 Vega 0.021 Open interest 1 Model this put
0	—	166.7%	0.995	—		$1.15	-0.009	182.4%	1	3
Call · $110 In the money Last — Breakeven — Implied vol 166.7% Delta 0.995 ≈99% ITM Gamma 0 Theta -0.051 Vega 0.009 Open interest 0 Model this call Put · $110 Last $1.15 Breakeven $108.85 Implied vol 182.4% Delta -0.009 ≈1% ITM Gamma 0 Theta -0.069 Vega 0.022 Open interest 3 Model this put
0	—	179%	0.989	—		$1.20	-0.009	174.5%	1	4
Call · $115 In the money Last — Breakeven — Implied vol 179% Delta 0.989 ≈99% ITM Gamma 0 Theta -0.092 Vega 0.022 Open interest 0 Model this call Put · $115 Last $1.20 Breakeven $113.80 Implied vol 174.5% Delta -0.009 ≈1% ITM Gamma 0 Theta -0.069 Vega 0.022 Open interest 4 Model this put
1	1	166.5%	0.99	$111.80		$1.45	-0.01	166.9%	1	2
Call · $120 In the money Last $111.80 Breakeven $231.80 Implied vol 166.5% Delta 0.99 ≈99% ITM Gamma 0 Theta -0.08 Vega 0.023 Open interest 1 Model this call Put · $120 Last $1.45 Breakeven $118.55 Implied vol 166.9% Delta -0.01 ≈1% ITM Gamma 0 Theta -0.069 Vega 0.023 Open interest 2 Model this put
2	1	142.9%	0.995	$80.60		$1.85	-0.033	213.3%	1	8
Call · $125 In the money Last $80.60 Breakeven $205.60 Implied vol 142.9% Delta 0.995 ≈99% ITM Gamma 0 Theta -0.047 Vega 0.01 Open interest 2 Model this call Put · $125 Last $1.85 Breakeven $123.15 Implied vol 213.3% Delta -0.033 ≈3% ITM Gamma 0 Theta -0.246 Vega 0.046 Open interest 8 Model this put
1	1	147.2%	0.992	$99.60		$2.40	-0.01	150.6%	1	2
Call · $130 In the money Last $99.60 Breakeven $229.60 Implied vol 147.2% Delta 0.992 ≈99% ITM Gamma 0 Theta -0.066 Vega 0.024 Open interest 1 Model this call Put · $130 Last $2.40 Breakeven $127.60 Implied vol 150.6% Delta -0.01 ≈1% ITM Gamma 0 Theta -0.062 Vega 0.024 Open interest 2 Model this put
1	1	128.6%	0.995	$54.70		—	-0.01	144%	—	0
Call · $135 In the money Last $54.70 Breakeven $189.70 Implied vol 128.6% Delta 0.995 ≈99% ITM Gamma 0 Theta -0.044 Vega 0.01 Open interest 1 Model this call Put · $135 Last — Breakeven — Implied vol 144% Delta -0.01 ≈1% ITM Gamma 0 Theta -0.062 Vega 0.024 Open interest 0 Model this put
10	1	121.9%	0.995	$93.60		$2.90	-0.011	137.6%	1	1
Call · $140 In the money Last $93.60 Breakeven $233.60 Implied vol 121.9% Delta 0.995 ≈99% ITM Gamma 0 Theta -0.043 Vega 0.011 Open interest 10 Model this call Put · $140 Last $2.90 Breakeven $137.10 Implied vol 137.6% Delta -0.011 ≈1% ITM Gamma 0 Theta -0.061 Vega 0.025 Open interest 1 Model this put
2	1	115.4%	0.995	$85.40		—	-0.011	131.4%	—	0
Call · $145 In the money Last $85.40 Breakeven $230.40 Implied vol 115.4% Delta 0.995 ≈99% ITM Gamma 0 Theta -0.042 Vega 0.011 Open interest 2 Model this call Put · $145 Last — Breakeven — Implied vol 131.4% Delta -0.011 ≈1% ITM Gamma 0 Theta -0.061 Vega 0.025 Open interest 0 Model this put
0	1	120.5%	0.991	$58.90		$3.70	-0.012	125.5%	1	1
Call · $150 In the money Last $58.90 Breakeven $208.90 Implied vol 120.5% Delta 0.991 ≈99% ITM Gamma 0 Theta -0.061 Vega 0.026 Open interest 0 Model this call Put · $150 Last $3.70 Breakeven $146.30 Implied vol 125.5% Delta -0.012 ≈1% ITM Gamma 0 Theta -0.061 Vega 0.026 Open interest 1 Model this put
0	—	103.1%	0.995	—		$0.30	-0.012	119.7%	1	3
Call · $155 In the money Last — Breakeven — Implied vol 103.1% Delta 0.995 ≈99% ITM Gamma 0 Theta -0.039 Vega 0.011 Open interest 0 Model this call Put · $155 Last $0.30 Breakeven $154.70 Implied vol 119.7% Delta -0.012 ≈1% ITM Gamma 0 Theta -0.06 Vega 0.026 Open interest 3 Model this put
0	—	97.3%	0.995	—		$2.40	-0.013	114.1%	2	2
Call · $160 In the money Last — Breakeven — Implied vol 97.3% Delta 0.995 ≈100% ITM Gamma 0 Theta -0.038 Vega 0.011 Open interest 0 Model this call Put · $160 Last $2.40 Breakeven $157.60 Implied vol 114.1% Delta -0.013 ≈1% ITM Gamma 0 Theta -0.06 Vega 0.027 Open interest 2 Model this put
0	1	91.6%	0.995	$95.20		$1.10	-0.014	108.8%	1	0
Call · $165 In the money Last $95.20 Breakeven $260.20 Implied vol 91.6% Delta 0.995 ≈100% ITM Gamma 0 Theta -0.036 Vega 0.012 Open interest 0 Model this call Put · $165 Last $1.10 Breakeven $163.90 Implied vol 108.8% Delta -0.014 ≈1% ITM Gamma 0 Theta -0.059 Vega 0.027 Open interest 0 Model this put
1	1	86.1%	0.995	$42.30		$0.40	-0.014	103.5%	2	3
Call · $170 In the money Last $42.30 Breakeven $212.30 Implied vol 86.1% Delta 0.995 ≈100% ITM Gamma 0 Theta -0.035 Vega 0.012 Open interest 1 Model this call Put · $170 Last $0.40 Breakeven $169.60 Implied vol 103.5% Delta -0.014 ≈1% ITM Gamma 0 Theta -0.059 Vega 0.028 Open interest 3 Model this put
6	1	95.4%	0.987	$60.56		$3.49	-0.016	100.3%	1	2
Call · $175 In the money Last $60.56 Breakeven $235.56 Implied vol 95.4% Delta 0.987 ≈99% ITM Gamma 0 Theta -0.066 Vega 0.028 Open interest 6 Model this call Put · $175 Last $3.49 Breakeven $171.51 Implied vol 100.3% Delta -0.016 ≈2% ITM Gamma 0.001 Theta -0.064 Vega 0.028 Open interest 2 Model this put
24	1	68%	0.998	$129.00		$0.40	-0.017	95.3%	3	2
Call · $180 In the money Last $129.00 Breakeven $309.00 Implied vol 68% Delta 0.998 ≈100% ITM Gamma 0 Theta -0.024 Vega 0.004 Open interest 24 Model this call Put · $180 Last $0.40 Breakeven $179.60 Implied vol 95.3% Delta -0.017 ≈2% ITM Gamma 0.001 Theta -0.064 Vega 0.028 Open interest 2 Model this put
2	4	70.5%	0.996	$30.70		$0.55	-0.018	90.5%	1	3
Call · $185 In the money Last $30.70 Breakeven $215.70 Implied vol 70.5% Delta 0.996 ≈100% ITM Gamma 0 Theta -0.031 Vega 0.012 Open interest 2 Model this call Put · $185 Last $0.55 Breakeven $184.45 Implied vol 90.5% Delta -0.018 ≈2% ITM Gamma 0.001 Theta -0.063 Vega 0.029 Open interest 3 Model this put
1	1	80.1%	0.986	$36.00		$0.55	-0.019	85.9%	1	3
Call · $190 In the money Last $36.00 Breakeven $226.00 Implied vol 80.1% Delta 0.986 ≈99% ITM Gamma 0.001 Theta -0.062 Vega 0.029 Open interest 1 Model this call Put · $190 Last $0.55 Breakeven $189.45 Implied vol 85.9% Delta -0.019 ≈2% ITM Gamma 0.001 Theta -0.063 Vega 0.029 Open interest 3 Model this put
0	1	73.5%	0.988	$31.34		$9.46	-0.02	81.3%	5	3
Call · $195 In the money Last $31.34 Breakeven $226.34 Implied vol 73.5% Delta 0.988 ≈99% ITM Gamma 0.001 Theta -0.056 Vega 0.029 Open interest 0 Model this call Put · $195 Last $9.46 Breakeven $185.54 Implied vol 81.3% Delta -0.02 ≈2% ITM Gamma 0.001 Theta -0.062 Vega 0.03 Open interest 3 Model this put
28	15	54.8%	0.997	$117.93		$14.51	-0.021	76.9%	5	5
Call · $200 In the money Last $117.93 Breakeven $317.93 Implied vol 54.8% Delta 0.997 ≈100% ITM Gamma 0 Theta -0.027 Vega 0.005 Open interest 28 Model this call Put · $200 Last $14.51 Breakeven $185.49 Implied vol 76.9% Delta -0.021 ≈2% ITM Gamma 0.001 Theta -0.062 Vega 0.03 Open interest 5 Model this put
7	5	71.8%	0.97	$88.37		$1.45	-0.024	68.4%	1	20
Call · $210 In the money Last $88.37 Breakeven $298.37 Implied vol 71.8% Delta 0.97 ≈97% ITM Gamma 0.001 Theta -0.097 Vega 0.061 Open interest 7 Model this call Put · $210 Last $1.45 Breakeven $208.55 Implied vol 68.4% Delta -0.024 ≈2% ITM Gamma 0.001 Theta -0.061 Vega 0.031 Open interest 20 Model this put
149	1	69.4%	0.952	$73.06		$17.15	-0.027	59.6%	1	3
Call · $220 In the money Last $73.06 Breakeven $293.06 Implied vol 69.4% Delta 0.952 ≈95% ITM Gamma 0.002 Theta -0.131 Vega 0.063 Open interest 149 Model this call Put · $220 Last $17.15 Breakeven $202.85 Implied vol 59.6% Delta -0.027 ≈3% ITM Gamma 0.001 Theta -0.058 Vega 0.062 Open interest 3 Model this put
9	1	64.3%	0.934	$70.36		$0.90	-0.042	54.8%	3	4
Call · $230 In the money Last $70.36 Breakeven $300.36 Implied vol 64.3% Delta 0.934 ≈93% ITM Gamma 0.003 Theta -0.152 Vega 0.111 Open interest 9 Model this call Put · $230 Last $0.90 Breakeven $229.10 Implied vol 54.8% Delta -0.042 ≈4% ITM Gamma 0.002 Theta -0.076 Vega 0.064 Open interest 4 Model this put
4	1	55.5%	0.919	$66.00		$11.38	-0.065	51.4%	2	2
Call · $240 In the money Last $66.00 Breakeven $306.00 Implied vol 55.5% Delta 0.919 ≈92% ITM Gamma 0.004 Theta -0.153 Vega 0.113 Open interest 4 Model this call Put · $240 Last $11.38 Breakeven $228.62 Implied vol 51.4% Delta -0.065 ≈7% ITM Gamma 0.003 Theta -0.102 Vega 0.113 Open interest 2 Model this put
29	5	64.4%	0.834	$44.00		$3.44	-0.102	47.6%	5	6
Call · $250 In the money Last $44.00 Breakeven $294.00 Implied vol 64.4% Delta 0.834 ≈83% ITM Gamma 0.005 Theta -0.274 Vega 0.175 Open interest 29 Model this call Put · $250 Last $3.44 Breakeven $246.56 Implied vol 47.6% Delta -0.102 ≈10% ITM Gamma 0.005 Theta -0.132 Vega 0.116 Open interest 6 Model this put
22	6	55.4%	0.797	$42.10		$2.60	-0.168	46%	25	28
Call · $260 In the money Last $42.10 Breakeven $302.10 Implied vol 55.4% Delta 0.797 ≈80% ITM Gamma 0.007 Theta -0.272 Vega 0.179 Open interest 22 Model this call Put · $260 Last $2.60 Breakeven $257.40 Implied vol 46% Delta -0.168 ≈17% ITM Gamma 0.008 Theta -0.178 Vega 0.178 Open interest 28 Model this put
14	37	51%	0.721	$28.00		$5.55	-0.265	46.5%	2	4
Call · $270 In the money Last $28.00 Breakeven $298.00 Implied vol 51% Delta 0.721 ≈72% ITM Gamma 0.009 Theta -0.291 Vega 0.239 Open interest 14 Model this call Put · $270 Last $5.55 Breakeven $264.45 Implied vol 46.5% Delta -0.265 ≈26% ITM Gamma 0.01 Theta -0.234 Vega 0.239 Open interest 4 Model this put
6	1	50.3%	0.62	$28.81		$9.44	-0.373	45%	1	9
Call · $280 In the money Last $28.81 Breakeven $308.81 Implied vol 50.3% Delta 0.62 ≈62% ITM Gamma 0.011 Theta -0.32 Vega 0.279 Open interest 6 Model this call Put · $280 Last $9.44 Breakeven $270.56 Implied vol 45% Delta -0.373 ≈37% ITM Gamma 0.012 Theta -0.261 Vega 0.279 Open interest 9 Model this put
Underlying $288.01
8	3	51.7%	0.512	$33.20		$14.24	-0.494	47%	2	11
Call · $290 Last $33.20 Breakeven $323.20 Implied vol 51.7% Delta 0.512 ≈51% ITM Gamma 0.011 Theta -0.344 Vega 0.286 Open interest 8 Model this call Put · $290 In the money Last $14.24 Breakeven $275.76 Implied vol 47% Delta -0.494 ≈49% ITM Gamma 0.012 Theta -0.287 Vega 0.286 Open interest 11 Model this put
9	3	51.1%	0.405	$15.20		$13.61	-0.611	46.9%	2	6
Call · $300 Last $15.20 Breakeven $315.20 Implied vol 51.1% Delta 0.405 ≈41% ITM Gamma 0.011 Theta -0.328 Vega 0.292 Open interest 9 Model this call Put · $300 In the money Last $13.61 Breakeven $286.39 Implied vol 46.9% Delta -0.611 ≈61% ITM Gamma 0.012 Theta -0.273 Vega 0.289 Open interest 6 Model this put
9	1	51.1%	0.311	$9.80		$17.47	-0.709	47.7%	1	0
Call · $310 Last $9.80 Breakeven $319.80 Implied vol 51.1% Delta 0.311 ≈31% ITM Gamma 0.01 Theta -0.295 Vega 0.261 Open interest 9 Model this call Put · $310 In the money Last $17.47 Breakeven $292.53 Implied vol 47.7% Delta -0.709 ≈71% ITM Gamma 0.01 Theta -0.242 Vega 0.26 Open interest 0 Model this put
21	2	50.6%	0.226	$5.20		$29.27	-0.797	47.1%	1	1
Call · $320 Last $5.20 Breakeven $325.20 Implied vol 50.6% Delta 0.226 ≈23% ITM Gamma 0.008 Theta -0.249 Vega 0.204 Open interest 21 Model this call Put · $320 In the money Last $29.27 Breakeven $290.73 Implied vol 47.1% Delta -0.797 ≈80% ITM Gamma 0.009 Theta -0.191 Vega 0.202 Open interest 1 Model this put
25	8	46.8%	0.137	$4.90		$65.00	-0.86	48.8%	13	13
Call · $330 Last $4.90 Breakeven $334.90 Implied vol 46.8% Delta 0.137 ≈14% ITM Gamma 0.007 Theta -0.167 Vega 0.139 Open interest 25 Model this call Put · $330 In the money Last $65.00 Breakeven $265.00 Implied vol 48.8% Delta -0.86 ≈86% ITM Gamma 0.007 Theta -0.156 Vega 0.136 Open interest 13 Model this put
1	1	55.3%	0.132	$6.13		$91.00	-0.892	51.8%	1	0
Call · $340 Last $6.13 Breakeven $346.13 Implied vol 55.3% Delta 0.132 ≈13% ITM Gamma 0.005 Theta -0.191 Vega 0.141 Open interest 1 Model this call Put · $340 In the money Last $91.00 Breakeven $249.00 Implied vol 51.8% Delta -0.892 ≈89% ITM Gamma 0.005 Theta -0.133 Vega 0.136 Open interest 0 Model this put
1	1	57.1%	0.1	$10.50		—	-0.946	48.7%	—	0
Call · $350 Last $10.50 Breakeven $360.50 Implied vol 57.1% Delta 0.1 ≈10% ITM Gamma 0.004 Theta -0.161 Vega 0.143 Open interest 1 Model this call Put · $350 In the money Last — Breakeven — Implied vol 48.7% Delta -0.946 ≈95% ITM Gamma 0.004 Theta -0.068 Vega 0.074 Open interest 0 Model this put
0	—	57.4%	0.07	—		—	-0.963	51.3%	—	0
Call · $360 Last — Breakeven — Implied vol 57.4% Delta 0.07 ≈7% ITM Gamma 0.003 Theta -0.124 Vega 0.084 Open interest 0 Model this call Put · $360 In the money Last — Breakeven — Implied vol 51.3% Delta -0.963 ≈96% ITM Gamma 0.003 Theta -0.051 Vega 0.066 Open interest 0 Model this put
1	1	57.3%	0.047	$2.00		—	-0.994	47.7%	—	0
Call · $370 Last $2.00 Breakeven $372.00 Implied vol 57.3% Delta 0.047 ≈5% ITM Gamma 0.002 Theta -0.089 Vega 0.086 Open interest 1 Model this call Put · $370 In the money Last — Breakeven — Implied vol 47.7% Delta -0.994 ≈99% ITM Gamma 0.001 Theta -0.007 Vega 0.017 Open interest 0 Model this put
1	1	56%	0.028	$1.35		—	-0.978	58%	—	0
Call · $380 Last $1.35 Breakeven $381.35 Implied vol 56% Delta 0.028 ≈3% ITM Gamma 0.002 Theta -0.057 Vega 0.044 Open interest 1 Model this call Put · $380 In the money Last — Breakeven — Implied vol 58% Delta -0.978 ≈98% ITM Gamma 0.002 Theta -0.037 Vega 0.034 Open interest 0 Model this put
0	—	60.2%	0.026	—		—	-0.976	63.8%	—	0
Call · $390 Last — Breakeven — Implied vol 60.2% Delta 0.026 ≈3% ITM Gamma 0.001 Theta -0.058 Vega 0.044 Open interest 0 Model this call Put · $390 In the money Last — Breakeven — Implied vol 63.8% Delta -0.976 ≈98% ITM Gamma 0.002 Theta -0.045 Vega 0.035 Open interest 0 Model this put
3	3	65.5%	0.027	$2.55		—	-0.989	63%	—	0
Call · $400 Last $2.55 Breakeven $402.55 Implied vol 65.5% Delta 0.027 ≈3% ITM Gamma 0.001 Theta -0.065 Vega 0.044 Open interest 3 Model this call Put · $400 In the money Last — Breakeven — Implied vol 63% Delta -0.989 ≈99% ITM Gamma 0.001 Theta -0.021 Vega 0.024 Open interest 0 Model this put
0	—	69.5%	0.026	—		—	-0.995	64.7%	—	0
Call · $410 Last — Breakeven — Implied vol 69.5% Delta 0.026 ≈3% ITM Gamma 0.001 Theta -0.066 Vega 0.045 Open interest 0 Model this call Put · $410 In the money Last — Breakeven — Implied vol 64.7% Delta -0.995 ≈100% ITM Gamma 0.001 Theta -0.007 Vega 0.016 Open interest 0 Model this put
0	—	72.3%	0.023	—		$105.00	-0.99	71.1%	1	0
Call · $420 Last — Breakeven — Implied vol 72.3% Delta 0.023 ≈2% ITM Gamma 0.001 Theta -0.061 Vega 0.045 Open interest 0 Model this call Put · $420 In the money Last $105.00 Breakeven $315.00 Implied vol 71.1% Delta -0.99 ≈99% ITM Gamma 0.001 Theta -0.022 Vega 0.024 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 42" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 886163 CUSIP 53220K504 13F (30d) 105 filings 102 filers Visit website Investor relations