1.79K calls and 386 puts traded on Nov 4, 2026, 2.18K contracts in total. Open interest was 31.97K contracts. Over the past 30 days, volume averaged 1.21K contracts per day. The STLD option volume chart shows volume by strike and expiration date.

Steel Dynamics IV rank is 15, so its 30-day implied volatility of 45.2% is near the bottom of its one-year range. Over the past year it ranged from 28.4% on Dec 18, 2025 to 143.4% on Oct 16, 2026. See the STLD implied volatility history for a longer view.

The Steel Dynamics put/call volume ratio was 0.22 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.58. The STLD open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Steel Dynamics options about one week from expiration was $241.55, 0.6% above the $240.04 close. The STLD max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 48.4%, options price a move of about ±$16.09 (±6.7%) over the next week, a range of roughly $223.95 to $256.13 from the Nov 4, 2026 close. The STLD expected move chart shows it for every expiration date.