Diamondback Energy, Inc. (FANG)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 12:34 UTC · Figures derived from the full chain (684 contracts, 10 expirations) · IV own-history percentile appears after 60 recorded days (3 so far)
Expected move — Sep 18, 2026 (15 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±5.8% (range 190.75–214.25) by Sep 18, 2026. ATM straddle: 11.75 @ strike 200 · ATM IV: 33.5%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 182.25 | -10% | 93.5% | 6.5% |
| 192.38 | -5% | 76.5% | 23.5% |
| 202.50 | +0% | 48.6% | 51.4% |
| 212.62 | +5% | 22.6% | 77.4% |
| 222.75 | +10% | 7.5% | 92.5% |
Model-estimated probabilities of finishing above/below each level at expiration — estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Sep 18, 2026 · lognormal model, zero drift — an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Sep 18, 2026 | 15 | ±5.8% | 33.5% | 21.6K |
| Oct 16, 2026 | 43 | ±9.6% | 34.2% | 1,250 |
| Dec 18, 2026 | 106 | ±15.3% | 35.5% | 8,609 |
| Jan 15, 2027 | 134 | ±16.7% | 34.5% | 23.1K |
| Mar 19, 2027 | 197 | ±21.0% | 36.0% | 4,489 |
Open interest by strike — Sep 18
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 180 P · 2,774200 C · 1,807220 C · 1,697190 P · 1,616210 C · 1,504
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Track record
Full history →Every trading day we record what the options market is pricing for each expiration — before the outcome is known. Once expirations start resolving, this section compares expected versus actual, and the record is never rewritten. Recording since Aug 31, 2026.
Past earnings reactions
Avg |reaction| 2.5% · median 1.9% (20 reports) — two-session close-to-close window; definition
About Diamondback Energy, Inc.
Diamondback Energy, Inc. operates as an independent enterprise focused on oil and natural gas. Its core business involves the acquisition, development, exploration, and production of unconventional and onshore hydrocarbon reserves, predominantly located within the Permian Basin across West Texas and New Mexico. The company's development efforts primarily target significant geological formations, including the Spraberry and Wolfcamp in the Midland Basin, as well as the Wolfcamp and Bone Spring within the Delaware Basin – both crucial components of the broader Permian. As of December 31, 2021, Diamondback Energy's asset base included approximately 524,700 gross acres under its control in the Permian Basin. At that time, its estimated proved oil and natural gas reserves amounted to 1,788,991 thousand barrels of crude oil equivalent. The company also maintained working interests in 5,289 gross producing wells and held royalty interests in an additional 6,455 wells. Beyond its direct well operations, Diamondback Energy possesses mineral interests spanning roughly 930,871 gross acres and 27,027 net royalty acres across the Permian Basin and the Eagle Ford Shale. Furthermore, it manages a
Energy · Oil & Gas Exploration & Production · NASDAQ · Profile: Financial Modeling Prep
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