How do I buy NLY options?

To buy NLY (Annaly Capital Management. Inc.) options, you need a brokerage account with options trading enabled. Search for NLY options on your broker's platform, select the strike price and expiration date, choose call or put, and place your order. Make sure you understand the risks before trading options.

What is the current implied volatility for NLY options?

NLY implied volatility (IV) varies by strike price and expiration date. Use our free options search tool above to see real-time IV for specific NLY option contracts. Higher IV means options are more expensive due to expected price movement.

Should I buy calls or puts on NLY?

Buy NLY call options if you expect the stock price to rise, or put options if you expect it to fall. Consider factors like implied volatility, time to expiration, and your risk tolerance. Call options profit when Annaly Capital Management. Inc. stock goes up; puts profit when it goes down.

What are the most traded NLY options?

The most actively traded NLY options are typically near-the-money (ATM) options with 30-45 days to expiration. Use our tool to search NLY options sorted by volume to find the most liquid contracts with tight bid-ask spreads.

NLY

Annaly Capital Management. Inc. Options

Search NLY call options and put options with real-time pricing, Greeks, and implied volatility data.

Search NLY Options Now

$24.35 Market Closed

+$0.48 (+2.01%)

Prev Close

$23.87

Open

$23.87

Day Range

$23.77 - $24.41

Volume

5,523,100

Last updated: Jan 27, 2026 07:09 PM EST

About NLY Options

Annaly Capital Management. Inc. (NLY) options give traders the right to buy or sell NLY stock at a predetermined price before a specific expiration date. Options are powerful financial instruments used for speculation, hedging, and income generation.

Call Options

NLY call options give you the right to buy shares at the strike price. Profit when Annaly Capital Management. Inc. stock rises.

Put Options

NLY put options give you the right to sell shares at the strike price. Profit when Annaly Capital Management. Inc. stock falls.

What Data You'll Find

Our free NLY options search tool provides:

Strike Prices — Various price levels for calls and puts
Expiration Dates — Filter by 7, 30, 60, or 90 days out
Premium (Price) — Current option contract prices
Volume & Open Interest — Liquidity and market activity
Implied Volatility (IV) — Market's expected price movement
Greeks — Delta, Gamma, Theta, Vega sensitivity measures
Intrinsic & Extrinsic Value — Value breakdown

Pro Tip: Look for NLY options with high volume and open interest for better liquidity and tighter bid-ask spreads.

Understanding NLY Options Greeks

When trading Annaly Capital Management. Inc. options, the Greeks help you understand how the option price will change:

Delta (Δ)

How much the NLY option price moves when the stock moves $1. A delta of 0.50 means the option gains $0.50 for every $1 stock increase.

Theta (Θ)

Daily time decay of the option. NLY options lose value each day as expiration approaches, even if the stock price stays flat.

Gamma (Γ)

Rate of Delta change. Higher gamma means Delta moves faster, making near-ATM NLY options more responsive to price changes.

Vega (ν)

Volatility sensitivity. When Annaly Capital Management. Inc.'s implied volatility rises, high-vega options become more valuable.

Learn more:

Implied Volatility ITM Options OTM Options Intrinsic Value Open Interest

NLY Options FAQ

To buy NLY (Annaly Capital Management. Inc.) options, you need a brokerage account with options trading enabled (like TD Ameritrade, E*TRADE, or Robinhood). Search for NLY options, select your desired strike price and expiration, choose call or put, and place your order. Always understand the risks and consider starting with paper trading.

The optimal expiration depends on your strategy. 30-45 day expirations offer a good balance of time value and theta decay for most traders. Shorter expirations (7-14 days) have higher gamma but faster time decay. Longer expirations (60-90+ days) cost more but give the trade more time to work.

Use our options search tool to see current NLY implied volatility levels. Compare the IV to historical averages to determine if options are relatively expensive (high IV) or cheap (low IV). High IV often occurs before earnings or major events.

ITM (In The Money) NLY options have intrinsic value — calls where strike < stock price, puts where strike > stock price. They're more expensive but have higher delta. OTM (Out of The Money) options are cheaper but have lower probability of profit. ATM (At The Money) options have strike ≈ stock price and highest gamma.

Annaly Capital Management. Inc. Options