Affirm (AFRM) Options Chain

NASDAQ: AFRMFinanceFinance: Consumer ServicesUSD

80.70+3.55 (+4.60%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 469
Share price: $80.70
Put/call ratio (OI): 2.28
Put/call ratio (volume): 2.61
ATM implied volatility: 62.4%
Expected move: ±$57.04
Open interest (C / P): 9.82K / 22.43K

AFRM options summary

The AFRM options chain for the January 21, 2028 expiration lists 38 call and 38 put contracts, with 469 days until expiration. Open interest stands at 9,818 calls and 22,431 puts, a put/call ratio of 2.28, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $80.00 strike is 62.4%, which implies the market expects a move of about ±$57.04 (70.7%) in Affirm stock by expiration.

The most open interest sits at the $135.00 call (1.85K contracts) and the $45.00 put (3.83K contracts).

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

AFRM options chain · January 21, 2028

AFRM 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
54	1	85.2%	50.55	58.00	61.70	22.50	0.39	0.95	0.48	68.8%	1	61
127	1	89.2%	53.47	56.00	60.50	25.00	0.70	0.96	1.09	66.5%	4	422
37	1	74.5%	48.28	50.70	55.00	27.50	0.78	1.21	1.58	64.1%	10	269
148	2	84.7%	47.00	52.00	56.30	30.00	1.09	1.81	1.29	65.2%	1	199
24	1	76.3%	44.33	50.00	52.70	32.50	1.63	2.01	2.15	64.4%	11	258
52	8	81.2%	40.85	48.00	52.50	35.00	2.02	2.35	2.35	63.1%	2	268
462	1	73.8%	41.41	46.00	48.90	37.50	2.28	2.71	2.84	61.2%	1	397
411	3	74.8%	42.10	44.00	47.85	40.00	2.93	3.50	3.18	62.1%	1	3,237
104	10	77.2%	41.49	42.50	47.00	42.50	3.50	4.00	3.73	61.2%	3	112
216	16	74.9%	42.45	41.30	44.30	45.00	4.15	4.40	5.05	60.0%	1	3,828
82	1	75.9%	35.95	40.30	42.75	47.50	2.68	5.25	4.95	54.2%	881	1,310
653	2	71.5%	38.85	37.55	40.75	50.00	3.45	6.00	5.65	54.2%	4	3,478
268	16	72.6%	29.99	35.50	40.50	52.50	5.90	6.60	6.55	57.3%	4	264
276	1	71.9%	29.45	34.00	39.00	55.00	7.10	8.15	7.40	59.0%	10	1,291
68	1	68.5%	43.55	32.50	36.15	57.50	8.00	10.50	8.30	61.3%	9	86
94	22	68.3%	28.87	31.00	35.00	60.00	8.95	9.30	9.15	56.6%	11	605
121	3	71.3%	25.56	30.75	34.50	62.50	9.80	11.50	11.05	58.0%	20	1,330
144	33	71.5%	30.44	30.10	33.00	65.00	10.95	12.20	11.30	57.0%	5	1,051
288	14	69.7%	29.00	28.85	30.95	67.50	11.55	12.60	12.40	54.4%	106	538
780	8	69.8%	28.35	27.90	29.85	70.00	13.30	13.90	13.65	55.2%	10	1,344
84	1	67.1%	23.27	26.20	27.80	72.50	14.50	15.05	14.90	54.6%	4	183
124	30	67.3%	24.10	25.35	26.85	75.00	15.80	16.55	16.55	54.5%	6	724
106	1	66.1%	20.70	23.75	25.75	77.50	16.25	18.50	17.45	53.8%	13	338
431	8	69.8%	23.74	23.65	26.50	80.00	18.35	20.20	18.95	54.9%	8	125
AFRM $80.70
148	4	63.9%	22.69	20.50	23.85	82.50	18.65	20.40	23.30	51.2%	10	38
238	1	63.6%	21.57	20.00	22.45	85.00	20.45	23.75	23.90	53.9%	1	67
60	5	66.0%	20.35	19.00	23.50	87.50	21.75	23.50	22.50	50.8%	13	29
243	2	64.7%	20.35	19.25	20.80	90.00	31.85	33.20	32.54	73.8%	5	9
92	8	65.3%	18.75	17.00	22.00	92.50	36.00	40.50	39.35	85.0%	2	3
193	4	62.6%	18.15	16.50	19.15	95.00	29.85	33.40	34.30	61.3%	2	6
569	112	64.9%	17.29	17.00	17.65	100.00	29.00	31.75	36.21	51.6%	1	44
134	5	61.9%	15.65	13.75	16.30	105.00	33.85	36.40	38.40	50.4%	34	46
126	17	65.3%	14.40	14.30	15.95	110.00	37.85	41.00	41.25	51.5%	1	4
176	4	62.5%	13.25	12.30	13.85	115.00	0.00	0.00	67.60	—	3	0
358	104	62.9%	12.40	10.70	13.85	120.00	44.00	48.50	53.63	54.2%	1	9
244	8	64.8%	11.50	11.30	12.90	125.00	0.00	0.00	62.08	—	43	0
233	8	63.1%	10.45	10.40	11.00	130.00	54.15	55.55	59.00	49.8%	21	38
1,850	18	63.1%	9.75	9.75	10.15	135.00	56.50	61.00	63.14	53.3%	5	420

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 AFRM put/call ratio?

For the January 21, 2028 expiration, the AFRM put/call ratio based on open interest is 2.28 (22,431 puts vs 9,818 calls), and 2.61 based on today's volume. A ratio above 1 means more puts than calls.

What is AFRM's implied volatility?

At-the-money implied volatility for AFRM options expiring January 21, 2028 is about 62.4%, an annualized estimate of how much the market expects Affirm stock to move.

How many AFRM option expiration dates are there?

AFRM has 13 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.