NiSource Stock Options
| NI Stock | USD 46.36 1.18 2.61% |
NiSource's latest option contracts expiring on May 15th 2026 are carrying combined implied volatility of 0.45 with a put-to-call open interest ratio of 1.45 over 16 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on May 15th 2026.
Open Interest Against May 15th 2026 Option Contracts
2026-05-15
The chart above shows NiSource's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. NiSource's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for NiSource's option, there is no secondary market available for investors to trade.
NiSource Maximum Pain Price Across 2026-05-15 Option Contracts
NiSource's max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on NiSource
Analyzing NiSource's in-the-money options over time can help investors to take a profitable long position in NiSource regardless of its overall volatility. This is especially true when NiSource's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money NiSource's options could be used as guardians of the underlying stock as they move almost dollar for dollar with NiSource's stock while costing only a fraction of its price.
NiSource In The Money Call Balance
When NiSource's strike price is surpassing the current stock price, the option contract against NiSource stock is said to be in the money. When it comes to buying NiSource's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on NiSource are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
NiSource Current Options Market Mood
NiSource's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps NiSource Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Unfortunately, most NiSource's options investors are not very successful. NiSource's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current NiSource contract
Base on the Rule 16, the options market is currently suggesting that NiSource will have an average daily up or down price movement of about 0.0281% per day over the life of the 2026-05-15 option contract. With NiSource trading at USD 46.36, that is roughly USD 0.013. If you think that the market is fully incorporating NiSource's daily price movement you should consider buying NiSource options at the current volatility level of 0.45%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing NiSource options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" NiSource calls. Remember, the seller must deliver NiSource stock to the call owner when a call is exercised.
NiSource Option Chain
When NiSource's strike price is surpassing the current stock price, the option contract against NiSource stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
NiSource's option chain is a display of a range of information that helps investors for ways to trade options on NiSource. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for NiSource. It also shows strike prices and maturity days for a NiSource against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | NI260515C00060000 | 0 | 60.0 | 0.0 - 2.2 | 2.2 | |
Call | NI260515C00055000 | 0 | 55.0 | 0.0 - 2.25 | 2.25 | |
Call | NI260515C00050000 | 27 | 50.0 | 0.1 - 1.4 | 0.4 | Out |
Call | NI260515C00045000 | 36 | 45.0 | 1.55 - 4.2 | 1.65 | In |
Call | NI260515C00040000 | 81 | 40.0 | 5.5 - 8.2 | 4.43 | In |
Call | NI260515C00035000 | 0 | 35.0 | 10.3 - 12.9 | 10.3 | In |
Call | NI260515C00030000 | 0 | 30.0 | 14.5 - 17.9 | 14.5 | In |
Call | NI260515C00025000 | 0 | 25.0 | 19.4 - 23.7 | 19.4 | In |
Put | NI260515P00060000 | 0 | 60.0 | 11.6 - 15.8 | 11.6 | In |
Put | NI260515P00055000 | 0 | 55.0 | 6.8 - 10.4 | 10.95 | In |
Put | NI260515P00050000 | 0 | 50.0 | 2.95 - 5.7 | 2.95 | In |
Put | NI260515P00045000 | 67 | 45.0 | 0.65 - 2.15 | 2.6 | Out |
Put | NI260515P00040000 | 129 | 40.0 | 0.05 - 1.65 | 0.68 | Out |
Put | NI260515P00035000 | 13 | 35.0 | 0.0 - 2.0 | 0.5 | Out |
Put | NI260515P00030000 | 0 | 30.0 | 0.0 - 1.4 | 1.4 | |
Put | NI260515P00025000 | 0 | 25.0 | 0.0 - 1.95 | 1.95 |
NiSource Market Cap Over Time
Market Cap |
| Timeline |
NiSource Total Stockholder Equity
Total Stockholder Equity |
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NiSource Corporate Directors
| Aristides Candris | Independent Director | Profile | |
| Peter Altabef | Independent Director | Profile | |
| Deborah Henretta | Independent Director | Profile | |
| Theodore Bunting | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is there potential for Multi-Utilities market expansion? Will NiSource introduce new products? Factors like these will boost the valuation of NiSource. Anticipated expansion of NiSource directly elevates investor willingness to pay premium valuations. Understanding fair value requires weighing current performance against future potential. All the valuation information about NiSource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.115 | Dividend Share 1.14 | Earnings Share 1.9 | Revenue Per Share | Quarterly Revenue Growth 0.198 |
NiSource's market price often diverges from its book value, the accounting figure shown on NiSource's balance sheet. Smart investors calculate NiSource's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since NiSource's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between NiSource's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NiSource should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, NiSource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.