ADTRAN (ADTN) Options Chain

NASDAQ: ADTNUtilitiesTelecommunications EquipmentUSD

7.46-0.03 (-0.40%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 39
Share price: $7.46
Put/call ratio (OI): 1.77
Put/call ratio (volume): 0.31
ATM implied volatility: 81.8%
Expected move: ±$2.00
Open interest (C / P): 5.92K / 10.48K

ADTN options summary

The ADTN options chain for the November 20, 2026 expiration lists 24 call and 16 put contracts, with 39 days until expiration. Open interest stands at 5,925 calls and 10,480 puts, a put/call ratio of 1.77, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $7.00 strike is 81.8%, which implies the market expects a move of about ±$2.00 (26.8%) in ADTRAN stock by expiration.

The most open interest sits at the $15.00 call (1.05K contracts) and the $7.00 put (9.18K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

ADTN options chain · November 20, 2026

ADTN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	2	—	14.83	0.00	0.00	3.00	—	—	—	—	—	—
1	—	152.3%	3.60	3.20	4.00	4.00	0.00	0.00	0.10	50.0%	12	0
83	20	101.2%	2.57	2.40	2.75	5.00	0.00	0.30	0.17	109.8%	1	214
56	1	93.2%	1.66	1.50	2.00	6.00	0.10	0.35	0.20	83.4%	2	54
1,045	1	84.0%	1.20	0.80	1.30	7.00	0.35	0.75	0.50	79.7%	1	9,179
ADTN $7.46
509	302	80.3%	0.67	0.30	0.85	8.00	0.75	1.25	0.97	68.4%	1	358
435	8	76.6%	0.40	0.15	0.40	9.00	1.45	2.00	1.60	64.8%	103	442
1,043	4	79.3%	0.15	0.05	0.25	10.00	2.35	2.85	3.14	61.7%	4	35
99	4	90.6%	0.10	0.00	0.25	11.00	3.60	4.20	2.70	127.0%	69	76
124	2	109.4%	0.10	0.00	0.30	12.00	4.10	4.90	4.90	142.6%	9	67
0	2	50.0%	0.27	0.00	0.00	13.00	5.10	5.90	5.75	156.3%	8	14
457	350	132.8%	0.10	0.00	0.30	14.00	5.90	6.90	3.40	168.4%	6	15
1,055	3	101.6%	0.05	0.00	0.05	15.00	7.10	7.90	7.85	179.5%	1	24
94	3	151.6%	0.05	0.00	0.30	16.00	8.10	8.90	8.20	189.4%	4	0
185	1	160.2%	0.05	0.00	0.30	17.00	9.10	9.90	9.99	198.8%	1	2
28	1	173.4%	0.25	0.00	0.35	18.00	—	—	—	—	—	—
20	2	175.0%	0.26	0.00	0.30	19.00	—	—	—	—	—	—
168	5	181.6%	0.05	0.00	0.30	20.00	—	—	—	—	—	—
26	4	187.9%	0.15	0.00	0.30	21.00	0.00	0.00	6.20	—	2	0
34	2	193.8%	0.08	0.00	0.30	22.00	—	—	—	—	—	—
0	2	50.0%	0.08	0.00	0.00	23.00	0.00	0.00	7.70	—	—	0
342	10	268.0%	0.96	0.00	0.90	25.00	—	—	—	—	—	—
114	1	232.0%	0.06	0.00	0.30	30.00	—	—	—	—	—	—
7	3	299.6%	0.55	0.00	0.75	35.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the ADTN put/call ratio?

For the November 20, 2026 expiration, the ADTN put/call ratio based on open interest is 1.77 (10,480 puts vs 5,925 calls), and 0.31 based on today's volume. A ratio above 1 means more puts than calls.

What is ADTN's implied volatility?

At-the-money implied volatility for ADTN options expiring November 20, 2026 is about 81.8%, an annualized estimate of how much the market expects ADTRAN stock to move.

How many ADTN option expiration dates are there?

ADTN has 7 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.