517 calls and 49 puts traded on Nov 4, 2026, 566 contracts in total. Open interest was 19.45K contracts. Over the past 30 days, volume averaged 793 contracts per day. The MGY option volume chart shows volume by strike and expiration date.

Magnolia Oil & Gas IV rank is 21, so its 30-day implied volatility of 51.4% is in the lower part of its one-year range. Over the past year it ranged from 20.3% on Aug 19, 2026 to 166.4% on Jan 16, 2026. See the MGY implied volatility history for a longer view.

The Magnolia Oil & Gas put/call volume ratio was 0.09 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.23. The MGY open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Magnolia Oil & Gas options about one week from expiration was $22.56, 3.4% below the $23.34 close. The MGY max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 55.1%, options price a move of about ±$1.78 (±7.6%) over the next week, a range of roughly $21.56 to $25.12 from the Nov 4, 2026 close. The MGY expected move chart shows it for every expiration date.