Plug Power Stock Options

PLUG Stock  USD 2.12  0.00  0.00%   
Plug Power's latest option contracts expiring on March 20th 2026 are carrying combined implied volatility of 1.1 with a put-to-call open interest ratio of 0.17 over 28 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on March 20th 2026. The total put volume is at 455, with calls trading at the volume of 2.3 K. This yields a 0.19 put-to-call volume ratio.

Open Interest Against March 20th 2026 Option Contracts

The chart above shows Plug Power'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. Plug Power's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Plug Power's option, there is no secondary market available for investors to trade.

Plug Power Maximum Pain Price Across 2026-03-20 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Plug Power close to expiration to expire worthless. So, 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, Plug Power's 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 Plug Power

Analyzing Plug Power's in-the-money options over time can help investors to take a profitable long position in Plug Power regardless of its overall volatility. This is especially true when Plug Power's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Plug Power's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Plug Power's stock while costing only a fraction of its price.

Plug Power In The Money Call Balance

When Plug Power's strike price is surpassing the current stock price, the option contract against Plug Power stock is said to be in the money. When it comes to buying Plug Power'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 Plug Power 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.

Plug Current Options Market Mood

Plug Power'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 Plug 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 Plug Power's options investors are not very successful. Plug Power'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 Plug contract

Base on the Rule 16, the options market is currently suggesting that Plug Power will have an average daily up or down price movement of about 0.0688% per day over the life of the 2026-03-20 option contract. With Plug Power trading at USD 2.12, that is roughly USD 0.001458. If you think that the market is fully incorporating Plug Power's daily price movement you should consider buying Plug Power options at the current volatility level of 1.1%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing Plug Power 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" Plug calls. Remember, the seller must deliver Plug Power stock to the call owner when a call is exercised.

Plug Power Option Chain

When Plug Power's strike price is surpassing the current stock price, the option contract against Plug Power 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.
Plug Power's option chain is a display of a range of information that helps investors for ways to trade options on Plug. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Plug. It also shows strike prices and maturity days for a Plug Power 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 IntStrike PriceCurrent SpreadLast Price
Call
PLUG260320C0000800015098.00.01 - 0.060.01Out
Call
PLUG260320C0000700011927.00.0 - 0.040.02Out
Call
PLUG260320C0000600025856.00.01 - 0.030.06Out
Call
PLUG260320C0000550036565.50.01 - 0.070.02Out
Call
PLUG260320C00005000129605.00.04 - 0.060.03Out
Call
PLUG260320C0000450041904.50.04 - 0.070.06Out
Call
PLUG260320C00004000202774.00.06 - 0.090.08Out
Call
PLUG260320C00003500201523.50.1 - 0.130.12Out
Call
PLUG260320C00003000302553.00.17 - 0.20.17Out
Call
PLUG260320C00002500156222.50.29 - 0.330.32Out
Call
PLUG260320C00002000162272.00.52 - 0.580.5In
Call
PLUG260320C0000150038341.50.85 - 0.940.93In
Call
PLUG260320C000010003511.01.25 - 1.421.5In
Call
PLUG260320C000005002650.51.75 - 2.042.02In
 Put
PLUG260320P0000800008.05.45 - 5.85.45In
 Put
PLUG260320P0000700007.04.45 - 4.85.03In
 Put
PLUG260320P00006000216.03.45 - 3.83.05In
 Put
PLUG260320P00005500115.52.96 - 3.33.75In
 Put
PLUG260320P000050002605.02.48 - 2.752.62In
 Put
PLUG260320P000045001664.52.12 - 2.32.14In
 Put
PLUG260320P000040003184.01.63 - 1.781.6In
 Put
PLUG260320P000035007763.51.23 - 1.331.29In
 Put
PLUG260320P0000300016483.00.81 - 0.880.69In
 Put
PLUG260320P0000250035462.50.44 - 0.480.47In
 Put
PLUG260320P0000200055802.00.17 - 0.20.19Out
 Put
PLUG260320P0000150072331.50.04 - 0.050.05Out
 Put
PLUG260320P0000100033051.00.0 - 0.040.04Out
 Put
PLUG260320P000005001390.50.0 - 0.020.01Out

Plug Power Market Cap Over Time

   Market Cap   
       Timeline  

Plug Total Stockholder Equity

Total Stockholder Equity

2.09 Billion

At this time, Plug Power's Total Stockholder Equity is most likely to increase significantly in the upcoming years.

Plug Power Corporate Management

Keith SchmidExecutive ProjectsProfile
Tammy KimbleVice ResourcesProfile
Meryl FritzManager CommunicationsProfile
Dean FullertonChief OfficerProfile
When determining whether Plug Power is a strong investment it is important to analyze Plug Power's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Plug Power's future performance. For an informed investment choice regarding Plug Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plug Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.
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Can Electrical Components & Equipment industry sustain growth momentum? Does Plug have expansion opportunities? Factors like these will boost the valuation of Plug Power. Anticipated expansion of Plug directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Plug Power demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Earnings Share
(2.38)
Revenue Per Share
0.654
Quarterly Revenue Growth
0.019
Return On Assets
(0.16)
Return On Equity
(0.94)
Plug Power's market price often diverges from its book value, the accounting figure shown on Plug's balance sheet. Smart investors calculate Plug Power's intrinsic value—its true economic worth—which may differ significantly from both market price and book value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Since Plug Power'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 Plug Power's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Plug Power should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Plug Power'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.