NSC · Norfolk Southern Corp

Track NSC — free Ask ALVIS about NSC

$351.22 +2.67 (+0.77%) At close · Jul 24

Market Cap

$78.76B

224.61M

Options Chain

15-min delayed Underlying $351.22 · today Options Calculator

Positioning

Aug 21, 2026 · 27 days to expiry · 58 contracts

Put / call OI

2.84

Put-heavy positioning

Open interest

4,729

contracts outstanding

Volume

206

traded today

Max pain

$320.00

$31.22 below spot

ATM implied vol

20.8%

market's expected move

Open interest by strike · near the money

Calls Puts

185

190

195

200

210

220

230

240

250

260

270

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450

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 27d Sep 18 55d Dec 18 146d Jan 15 174d Mar 19 237d Jun 17 327d Jan 21 545d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	94.8%	0.995	—		—	—	—	—	0
Call · $185 In the money Last — Breakeven — Implied vol 94.8% Delta 0.995 ≈100% ITM Gamma 0 Theta -0.021 Vega 0.015 Open interest 0 Model this call Put · $185 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	97.1%	0.993	—		$0.21	—	—	2	3
Call · $190 In the money Last — Breakeven — Implied vol 97.1% Delta 0.993 ≈99% ITM Gamma 0 Theta -0.032 Vega 0.015 Open interest 0 Model this call Put · $190 Last $0.21 Breakeven $189.79 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this put
0	—	86.4%	0.995	—		$0.08	—	—	1	3
Call · $195 In the money Last — Breakeven — Implied vol 86.4% Delta 0.995 ≈100% ITM Gamma 0 Theta -0.019 Vega 0.016 Open interest 0 Model this call Put · $195 Last $0.08 Breakeven $194.92 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this put
0	—	82.3%	0.995	—		—	-0.012	98.1%	—	0
Call · $200 In the money Last — Breakeven — Implied vol 82.3% Delta 0.995 ≈100% ITM Gamma 0 Theta -0.018 Vega 0.016 Open interest 0 Model this call Put · $200 Last — Breakeven — Implied vol 98.1% Delta -0.012 ≈1% ITM Gamma 0 Theta -0.052 Vega 0.036 Open interest 0 Model this put
0	—	80.5%	0.992	—		—	-0.013	90.3%	—	0
Call · $210 In the money Last — Breakeven — Implied vol 80.5% Delta 0.992 ≈99% ITM Gamma 0 Theta -0.028 Vega 0.016 Open interest 0 Model this call Put · $210 Last — Breakeven — Implied vol 90.3% Delta -0.013 ≈1% ITM Gamma 0 Theta -0.051 Vega 0.037 Open interest 0 Model this put
0	—	72.5%	0.993	—		$1.08	-0.014	82.9%	2	1
Call · $220 In the money Last — Breakeven — Implied vol 72.5% Delta 0.993 ≈99% ITM Gamma 0 Theta -0.026 Vega 0.016 Open interest 0 Model this call Put · $220 Last $1.08 Breakeven $218.92 Implied vol 82.9% Delta -0.014 ≈1% ITM Gamma 0 Theta -0.051 Vega 0.038 Open interest 1 Model this put
0	—	0.1%	0.999	—		—	-0.015	75.9%	—	0
Call · $230 In the money Last — Breakeven — Implied vol 0.1% Delta 0.999 ≈100% ITM Gamma 0 Theta -0.004 Vega 0 Open interest 0 Model this call Put · $230 Last — Breakeven — Implied vol 75.9% Delta -0.015 ≈1% ITM Gamma 0.001 Theta -0.05 Vega 0.039 Open interest 0 Model this put
0	—	64.8%	0.988	—		—	-0.016	69.1%	—	0
Call · $240 In the money Last — Breakeven — Implied vol 64.8% Delta 0.988 ≈99% ITM Gamma 0 Theta -0.038 Vega 0.04 Open interest 0 Model this call Put · $240 Last — Breakeven — Implied vol 69.1% Delta -0.016 ≈2% ITM Gamma 0.001 Theta -0.049 Vega 0.04 Open interest 0 Model this put
0	—	57.8%	0.988	—		$1.40	-0.018	62.7%	1	1
Call · $250 In the money Last — Breakeven — Implied vol 57.8% Delta 0.988 ≈99% ITM Gamma 0.001 Theta -0.036 Vega 0.04 Open interest 0 Model this call Put · $250 Last $1.40 Breakeven $248.60 Implied vol 62.7% Delta -0.018 ≈2% ITM Gamma 0.001 Theta -0.048 Vega 0.041 Open interest 1 Model this put
0	—	0.1%	0.999	—		$2.40	-0.02	56.5%	2	8
Call · $260 In the money Last — Breakeven — Implied vol 0.1% Delta 0.999 ≈100% ITM Gamma 0 Theta -0.007 Vega 0 Open interest 0 Model this call Put · $260 Last $2.40 Breakeven $257.60 Implied vol 56.5% Delta -0.02 ≈2% ITM Gamma 0.001 Theta -0.047 Vega 0.041 Open interest 8 Model this put
0	—	0.1%	0.999	—		$0.33	-0.022	50.5%	1	93
Call · $270 In the money Last — Breakeven — Implied vol 0.1% Delta 0.999 ≈100% ITM Gamma 0 Theta -0.008 Vega 0 Open interest 0 Model this call Put · $270 Last $0.33 Breakeven $269.67 Implied vol 50.5% Delta -0.022 ≈2% ITM Gamma 0.001 Theta -0.047 Vega 0.042 Open interest 93 Model this put
0	—	0.1%	0.999	—		$0.60	-0.035	48.4%	7	15
Call · $280 In the money Last — Breakeven — Implied vol 0.1% Delta 0.999 ≈100% ITM Gamma 0 Theta -0.009 Vega 0 Open interest 0 Model this call Put · $280 Last $0.60 Breakeven $279.40 Implied vol 48.4% Delta -0.035 ≈4% ITM Gamma 0.002 Theta -0.066 Vega 0.086 Open interest 15 Model this put
0	—	29.5%	0.992	—		$0.73	-0.059	48.1%	43	137
Call · $290 In the money Last — Breakeven — Implied vol 29.5% Delta 0.992 ≈99% ITM Gamma 0.001 Theta -0.02 Vega 0.018 Open interest 0 Model this call Put · $290 Last $0.73 Breakeven $289.27 Implied vol 48.1% Delta -0.059 ≈6% ITM Gamma 0.003 Theta -0.1 Vega 0.09 Open interest 137 Model this put
4	3	34.7%	0.958	$33.15		$0.34	-0.033	32.9%	1	3.1k
Call · $300 In the money Last $33.15 Breakeven $333.15 Implied vol 34.7% Delta 0.958 ≈96% ITM Gamma 0.003 Theta -0.064 Vega 0.088 Open interest 4 Model this call Put · $300 Last $0.34 Breakeven $299.66 Implied vol 32.9% Delta -0.033 ≈3% ITM Gamma 0.002 Theta -0.042 Vega 0.088 Open interest 3.1k Model this put
8	1	31.3%	0.938	$44.30		$3.22	-0.058	30.9%	5	37
Call · $310 In the money Last $44.30 Breakeven $354.30 Implied vol 31.3% Delta 0.938 ≈94% ITM Gamma 0.004 Theta -0.078 Vega 0.09 Open interest 8 Model this call Put · $310 Last $3.22 Breakeven $306.78 Implied vol 30.9% Delta -0.058 ≈6% ITM Gamma 0.004 Theta -0.064 Vega 0.09 Open interest 37 Model this put
264	47	24.9%	0.924	$33.20		$2.00	-0.085	26.1%	6	16
Call · $320 In the money Last $33.20 Breakeven $353.20 Implied vol 24.9% Delta 0.924 ≈92% ITM Gamma 0.006 Theta -0.074 Vega 0.157 Open interest 264 Model this call Put · $320 Last $2.00 Breakeven $318.00 Implied vol 26.1% Delta -0.085 ≈8% ITM Gamma 0.006 Theta -0.07 Vega 0.158 Open interest 16 Model this put
693	48	21.9%	0.866	$24.25		$1.35	-0.136	22.2%	1	51
Call · $330 In the money Last $24.25 Breakeven $354.25 Implied vol 21.9% Delta 0.866 ≈87% ITM Gamma 0.01 Theta -0.096 Vega 0.24 Open interest 693 Model this call Put · $330 Last $1.35 Breakeven $328.65 Implied vol 22.2% Delta -0.136 ≈14% ITM Gamma 0.01 Theta -0.084 Vega 0.241 Open interest 51 Model this put
162	1	20.2%	0.742	$16.60		$4.00	-0.269	21.4%	1	5
Call · $340 In the money Last $16.60 Breakeven $356.60 Implied vol 20.2% Delta 0.742 ≈74% ITM Gamma 0.017 Theta -0.127 Vega 0.322 Open interest 162 Model this call Put · $340 Last $4.00 Breakeven $336.00 Implied vol 21.4% Delta -0.269 ≈27% ITM Gamma 0.016 Theta -0.121 Vega 0.322 Open interest 5 Model this put
49	2	20.1%	0.55	$8.65		$7.70	-0.453	21.6%	14	4
Call · $350 In the money Last $8.65 Breakeven $358.65 Implied vol 20.1% Delta 0.55 ≈55% ITM Gamma 0.021 Theta -0.15 Vega 0.378 Open interest 49 Model this call Put · $350 Last $7.70 Breakeven $342.30 Implied vol 21.6% Delta -0.453 ≈45% ITM Gamma 0.019 Theta -0.146 Vega 0.378 Open interest 4 Model this put
Underlying $351.22
34	7	19.1%	0.341	$5.20		—	-0.639	22.1%	—	0
Call · $360 Last $5.20 Breakeven $365.20 Implied vol 19.1% Delta 0.341 ≈34% ITM Gamma 0.02 Theta -0.13 Vega 0.34 Open interest 34 Model this call Put · $360 In the money Last — Breakeven — Implied vol 22.1% Delta -0.639 ≈64% ITM Gamma 0.018 Theta -0.139 Vega 0.338 Open interest 0 Model this put
9	1	17.7%	0.154	$2.03		—	-0.79	22.4%	—	0
Call · $370 Last $2.03 Breakeven $372.03 Implied vol 17.7% Delta 0.154 ≈15% ITM Gamma 0.014 Theta -0.078 Vega 0.268 Open interest 9 Model this call Put · $370 In the money Last — Breakeven — Implied vol 22.4% Delta -0.79 ≈79% ITM Gamma 0.014 Theta -0.104 Vega 0.262 Open interest 0 Model this put
4	4	20.7%	0.09	$0.76		—	-0.865	25.6%	—	0
Call · $380 Last $0.76 Breakeven $380.76 Implied vol 20.7% Delta 0.09 ≈9% ITM Gamma 0.008 Theta -0.061 Vega 0.181 Open interest 4 Model this call Put · $380 In the money Last — Breakeven — Implied vol 25.6% Delta -0.865 ≈87% ITM Gamma 0.009 Theta -0.088 Vega 0.176 Open interest 0 Model this put
0	—	28.1%	0.096	—		—	-0.88	31.6%	—	0
Call · $390 Last — Breakeven — Implied vol 28.1% Delta 0.096 ≈10% ITM Gamma 0.006 Theta -0.086 Vega 0.182 Open interest 0 Model this call Put · $390 In the money Last — Breakeven — Implied vol 31.6% Delta -0.88 ≈88% ITM Gamma 0.007 Theta -0.1 Vega 0.177 Open interest 0 Model this put
6	5	26%	0.036	$0.20		—	-0.898	36.2%	—	0
Call · $400 Last $0.20 Breakeven $400.20 Implied vol 26% Delta 0.036 ≈4% ITM Gamma 0.003 Theta -0.037 Vega 0.108 Open interest 6 Model this call Put · $400 In the money Last — Breakeven — Implied vol 36.2% Delta -0.898 ≈90% ITM Gamma 0.005 Theta -0.101 Vega 0.177 Open interest 0 Model this put
0	—	—	—	—		—	-0.921	39.6%	—	0
Call · $410 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $410 In the money Last — Breakeven — Implied vol 39.6% Delta -0.921 ≈92% ITM Gamma 0.004 Theta -0.092 Vega 0.172 Open interest 0 Model this put
0	—	—	—	—		—	-0.919	45.7%	—	0
Call · $420 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $420 In the money Last — Breakeven — Implied vol 45.7% Delta -0.919 ≈92% ITM Gamma 0.004 Theta -0.108 Vega 0.175 Open interest 0 Model this put
0	—	—	—	—		—	-0.929	49.5%	—	0
Call · $430 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $430 In the money Last — Breakeven — Implied vol 49.5% Delta -0.929 ≈93% ITM Gamma 0.003 Theta -0.107 Vega 0.105 Open interest 0 Model this put
0	—	—	—	—		—	-0.93	54.5%	—	0
Call · $440 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $440 In the money Last — Breakeven — Implied vol 54.5% Delta -0.93 ≈93% ITM Gamma 0.003 Theta -0.116 Vega 0.107 Open interest 0 Model this put
0	—	—	—	—		—	-0.935	58%	—	0
Call · $450 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $450 In the money Last — Breakeven — Implied vol 58% Delta -0.935 ≈94% ITM Gamma 0.002 Theta -0.115 Vega 0.107 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 23 strikes around the money are shown by default — switch to "All 29" 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 702165 CUSIP 655844108 13F (30d) 568 filings 558 filers Visit website