NWG · NatWest Group plc

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$18.99 +0.46 (+2.48%)

Market Cap

$73.69B

3.98B

Options Chain

15-min delayed Underlying $18.99 · today Options Calculator

Positioning

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

Put / call OI

0.73

Balanced positioning

Open interest

1,552

contracts outstanding

Volume

734

traded today

Max pain

$17.50

$1.49 below spot

ATM implied vol

31.6%

market's expected move

Open interest by strike

Calls Puts

2.5

7.5

12.5

17.5

22.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 21d Sep 18 49d Nov 20 112d Feb 19 203d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
1	2	470.1%	0.991	$13.47		—	—	—	—	0
Call · $2.5 In the money Last $13.47 Breakeven $15.97 Implied vol 470.1% Delta 0.991 ≈99% ITM Gamma 0.001 Theta -0.011 Vega 0.001 Open interest 1 Model this call Put · $2.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1	2	433.9%	0.963	$9.21		—	—	—	—	0
Call · $5 In the money Last $9.21 Breakeven $14.21 Implied vol 433.9% Delta 0.963 ≈96% ITM Gamma 0.004 Theta -0.036 Vega 0.004 Open interest 1 Model this call Put · $5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
4	4	311.3%	0.946	$6.80		—	—	—	—	0
Call · $7.5 In the money Last $6.80 Breakeven $14.30 Implied vol 311.3% Delta 0.946 ≈95% ITM Gamma 0.008 Theta -0.035 Vega 0.005 Open interest 4 Model this call Put · $7.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
13	2	263.3%	0.907	$8.20		$0.10	-0.03	158.2%	15	20
Call · $10 In the money Last $8.20 Breakeven $18.20 Implied vol 263.3% Delta 0.907 ≈91% ITM Gamma 0.014 Theta -0.046 Vega 0.008 Open interest 13 Model this call Put · $10 Last $0.10 Breakeven $9.90 Implied vol 158.2% Delta -0.03 ≈3% ITM Gamma 0.009 Theta -0.012 Vega 0.003 Open interest 20 Model this put
85	15	91.5%	0.98	$4.74		$0.05	-0.043	110.1%	2	74
Call · $12.5 In the money Last $4.74 Breakeven $17.24 Implied vol 91.5% Delta 0.98 ≈98% ITM Gamma 0.013 Theta -0.004 Vega 0.002 Open interest 85 Model this call Put · $12.5 Last $0.05 Breakeven $12.45 Implied vol 110.1% Delta -0.043 ≈4% ITM Gamma 0.018 Theta -0.011 Vega 0.004 Open interest 74 Model this put
73	25	—	—	$4.05		$0.05	-0.066	69.3%	2	286
Call · $15 In the money Last $4.05 Breakeven $19.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 73 Model this call Put · $15 Last $0.05 Breakeven $14.95 Implied vol 69.3% Delta -0.066 ≈7% ITM Gamma 0.041 Theta -0.01 Vega 0.007 Open interest 286 Model this put
410	37	32.3%	0.861	$1.60		$0.35	-0.164	35.7%	8	273
Call · $17.5 In the money Last $1.60 Breakeven $19.10 Implied vol 32.3% Delta 0.861 ≈86% ITM Gamma 0.154 Theta -0.007 Vega 0.012 Open interest 410 Model this call Put · $17.5 Last $0.35 Breakeven $17.15 Implied vol 35.7% Delta -0.164 ≈16% ITM Gamma 0.152 Theta -0.01 Vega 0.012 Open interest 273 Model this put
Underlying $18.99
285	21	25.1%	0.198	$0.13		$4.00	-0.7	38.1%	1	1
Call · $20 Last $0.13 Breakeven $20.13 Implied vol 25.1% Delta 0.198 ≈20% ITM Gamma 0.244 Theta -0.008 Vega 0.012 Open interest 285 Model this call Put · $20 In the money Last $4.00 Breakeven $16.00 Implied vol 38.1% Delta -0.7 ≈70% ITM Gamma 0.2 Theta -0.015 Vega 0.016 Open interest 1 Model this put
15	1	—	—	$0.05		$7.36	-0.827	69.1%	2	0
Call · $22.5 Last $0.05 Breakeven $22.55 Implied vol — Delta — Gamma — Theta — Vega — Open interest 15 Model this call Put · $22.5 In the money Last $7.36 Breakeven $15.14 Implied vol 69.1% Delta -0.827 ≈83% ITM Gamma 0.081 Theta -0.019 Vega 0.013 Open interest 0 Model this put
11	10	—	—	$0.05		$9.80	-0.862	95%	51	0
Call · $25 Last $0.05 Breakeven $25.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 11 Model this call Put · $25 In the money Last $9.80 Breakeven $15.20 Implied vol 95% Delta -0.862 ≈86% ITM Gamma 0.051 Theta -0.022 Vega 0.009 Open interest 0 Model this put
0	—	—	—	—		$14.60	-0.906	131%	534	0
Call · $30 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $30 In the money Last $14.60 Breakeven $15.40 Implied vol 131% Delta -0.906 ≈91% ITM Gamma 0.028 Theta -0.023 Vega 0.01 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. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 844150 CUSIP 639057207 13F (30d) 163 filings 139 filers Visit website Investor relations