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: Jan 15, 2027
Days to expiration: 96
Share price: $39.36
Put/call ratio (OI): 0.49
Put/call ratio (volume): 1.03
ATM implied volatility: 50.0%
Expected move: ±$10.09
Open interest (C / P): 16.35K / 8.03K

ALK options summary

The ALK options chain for the January 15, 2027 expiration lists 32 call and 30 put contracts, with 96 days until expiration. Open interest stands at 16,350 calls and 8,032 puts, a put/call ratio of 0.49, 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 ±$10.09 (25.6%) in Alaska Air Group stock by expiration.

The most open interest sits at the $60.00 call (3.87K contracts) and the $37.50 put (1.49K contracts).

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

ALK options chain · January 15, 2027

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
20	3	80.0%	19.70	17.50	21.70	20.00	0.00	0.80	0.10	89.5%	10	653
79	2	93.0%	18.95	15.90	17.70	22.50	0.05	0.25	0.12	61.8%	25	225
75	10	51.0%	14.31	13.70	15.30	25.00	0.05	0.50	0.25	58.7%	1	531
7	1	50.9%	14.70	11.50	12.90	27.50	0.30	0.55	0.48	54.0%	10	172
223	8	51.9%	10.00	9.60	10.60	30.00	0.45	0.85	0.70	54.4%	57	683
35	10	54.8%	8.20	8.10	8.60	32.50	0.90	1.35	1.10	52.3%	1	456
200	6	55.4%	7.40	6.40	7.10	35.00	1.50	1.95	1.90	49.0%	3	934
151	51	50.8%	4.70	4.70	5.30	37.50	2.70	3.00	3.10	49.0%	1	1,492
ALK $39.36
423	38	51.1%	3.71	3.50	4.20	40.00	3.90	4.30	4.15	48.8%	1	466
719	7	50.8%	2.55	2.55	3.20	42.50	5.30	5.80	6.20	48.1%	2	392
2,311	103	51.0%	2.05	2.00	2.30	45.00	7.10	8.00	7.30	53.8%	7	742
352	1	50.2%	1.35	1.25	1.80	47.50	8.90	10.10	8.60	56.5%	14	233
2,434	20	51.9%	0.95	0.90	1.20	50.00	11.10	12.30	11.93	59.2%	1	745
397	5	51.5%	0.70	0.60	0.85	52.50	13.30	14.60	12.99	50.8%	10	63
415	7	51.3%	0.47	0.40	0.80	55.00	15.50	16.90	15.75	50.4%	7	67
377	1	50.5%	0.55	0.25	0.55	57.50	17.80	19.50	18.90	53.7%	10	24
3,872	1	52.1%	0.32	0.25	0.40	60.00	20.30	0.00	21.40	—	1	0
201	1	52.9%	0.20	0.15	0.35	62.50	21.90	24.60	22.20	82.5%	46	1
2,550	2	52.8%	0.25	0.05	0.30	65.00	18.80	20.30	23.30	—	100	126
61	1	59.6%	0.35	0.10	0.40	67.50	20.50	20.80	12.40	—	1	14
529	1	61.4%	0.12	0.05	0.40	70.00	0.00	0.00	30.00	—	1	0
0	1	25.0%	0.34	0.00	0.00	72.50	29.40	31.60	21.94	—	2	0
486	2	64.3%	0.20	0.00	0.35	75.00	23.40	25.90	34.75	—	5	0
0	1	25.0%	0.90	0.00	0.00	77.50	31.00	31.60	32.71	—	1	2
0	1	25.0%	0.40	0.00	0.00	80.00	27.70	30.30	18.30	—	5	5
11	2	73.2%	2.40	0.10	0.30	82.50	31.20	33.40	40.47	—	1	1
36	3	77.0%	0.70	0.00	0.45	85.00	—	—	—	—	—	—
92	1	72.3%	0.87	0.00	0.20	90.00	—	—	—	—	—	—
35	1	76.0%	0.55	0.00	0.20	95.00	42.00	42.70	24.40	—	—	2
64	7	85.9%	0.39	0.00	0.35	100.00	46.00	46.80	28.80	—	2	3
37	1	79.9%	0.97	0.00	0.15	105.00	50.10	54.00	32.50	—	7	0
158	25	83.0%	0.85	0.00	0.15	110.00	65.80	69.20	68.41	—	1	0

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 January 15, 2027 expiration, the ALK put/call ratio based on open interest is 0.49 (8,032 puts vs 16,350 calls), and 1.03 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 January 15, 2027 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.