Alaska Air Group (ALK) Options Chain

NYSE: ALKConsumer DiscretionaryAir Freight/Delivery ServicesUSD

39.36-0.16 (-0.40%)

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

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 6
Share price: $39.36
Put/call ratio (OI): 0.57
Put/call ratio (volume): 1.07
ATM implied volatility: 50.0%
Expected move: ±$2.52
Open interest (C / P): 17.95K / 10.23K

ALK options summary

The ALK options chain for the October 16, 2026 expiration lists 23 call and 18 put contracts, with 6 days until expiration. Open interest stands at 17,950 calls and 10,227 puts, a put/call ratio of 0.57, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $40.00 strike is 50.0%, which implies the market expects a move of about ±$2.52 (6.4%) in Alaska Air Group stock by expiration.

The most open interest sits at the $45.00 call (3.83K contracts) and the $37.50 put (2.65K contracts).

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

ALK options chain · October 16, 2026

ALK 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
5	5	455.5%	19.66	18.10	20.60	20.00	0.00	0.30	0.05	271.9%	5	145
1	1	533.6%	27.80	18.50	20.70	22.50	0.00	0.55	0.05	260.2%	10	12
4	6	270.9%	14.22	13.10	15.00	25.00	0.00	0.55	0.03	218.4%	2	103
5	1	407.4%	22.98	13.90	15.60	27.50	0.00	0.10	0.05	129.7%	1	134
112	110	123.4%	9.25	9.00	9.50	30.00	0.00	0.05	0.01	91.4%	10	338
60	1	127.0%	6.50	5.90	7.30	32.50	0.00	0.20	0.08	86.7%	1	674
199	105	63.7%	3.87	4.30	4.50	35.00	0.05	0.20	0.12	61.9%	19	1,336
111	2	59.3%	1.70	1.85	2.40	37.50	0.30	0.40	0.35	51.2%	59	2,649
ALK $39.36
2,106	77	47.4%	0.69	0.60	0.75	40.00	1.25	1.75	1.74	52.5%	22	2,107
1,558	19	50.8%	0.14	0.15	0.20	42.50	2.80	4.00	3.97	55.3%	8	1,118
3,834	74	63.1%	0.04	0.00	0.20	45.00	5.30	6.90	6.30	96.1%	5	1,279
2,452	4	72.3%	0.10	0.00	0.10	47.50	7.70	9.30	7.61	111.5%	178	248
2,610	2	78.9%	0.32	0.00	0.05	50.00	10.20	11.90	10.28	136.5%	105	62
2,122	1	141.0%	0.10	0.00	0.55	52.50	12.70	14.40	12.60	155.5%	27	0
580	5	115.6%	0.05	0.00	0.10	55.00	12.30	13.70	6.20	—	1	22
514	2	173.1%	0.07	0.00	0.55	57.50	0.00	0.00	17.09	—	—	0
1,233	5	128.1%	0.05	0.00	0.05	60.00	17.30	19.60	14.80	—	2	0
260	2	201.0%	0.05	0.00	0.55	62.50	0.00	0.00	15.50	—	—	0
152	1	148.4%	0.01	0.00	0.05	65.00	—	—	—	—	—	—
0	1	50.0%	0.10	0.00	0.00	70.00	—	—	—	—	—	—
0	1	50.0%	0.05	0.00	0.00	75.00	—	—	—	—	—	—
7	1	278.3%	0.30	0.00	0.55	80.00	—	—	—	—	—	—
25	1	231.3%	0.15	0.00	0.10	85.00	—	—	—	—	—	—

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 ALK put/call ratio?

For the October 16, 2026 expiration, the ALK put/call ratio based on open interest is 0.57 (10,227 puts vs 17,950 calls), and 1.07 based on today's volume. A ratio above 1 means more puts than calls.

What is ALK's implied volatility?

At-the-money implied volatility for ALK options expiring October 16, 2026 is about 50.0%, an annualized estimate of how much the market expects Alaska Air Group stock to move.

How many ALK option expiration dates are there?

ALK has 11 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.