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: Dec 17, 2027
Days to expiration: 432
Share price: $39.36
Put/call ratio (OI): 0.61
Put/call ratio (volume): 0.55
ATM implied volatility: 50.5%
Expected move: ±$21.63
Open interest (C / P): 732 / 443

ALK options summary

The ALK options chain for the December 17, 2027 expiration lists 25 call and 21 put contracts, with 432 days until expiration. Open interest stands at 732 calls and 443 puts, a put/call ratio of 0.61, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $40.00 strike is 50.5%, which implies the market expects a move of about ±$21.63 (54.9%) in Alaska Air Group stock by expiration.

The most open interest sits at the $60.00 call (131 contracts) and the $25.00 put (138 contracts).

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

ALK options chain · December 17, 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
17	2	65.8%	22.50	20.40	21.90	20.00	0.45	1.10	1.00	50.2%	10	42
0	—	—	16.90	0.00	0.00	22.50	0.95	1.75	1.40	51.3%	2	17
24	3	69.3%	36.20	16.00	20.40	25.00	1.65	2.30	2.10	50.9%	1	138
0	4	—	18.38	0.00	0.00	27.50	1.65	3.90	2.80	50.8%	2	23
32	4	58.9%	15.20	13.50	14.80	30.00	3.20	3.60	3.52	49.7%	1	26
6	6	57.8%	12.20	12.10	13.30	32.50	4.20	4.50	4.30	48.3%	10	23
26	1	58.3%	11.90	10.80	12.40	35.00	0.00	0.00	5.30	3.1%	1	0
4	1	113.8%	16.00	17.80	19.80	37.50	6.00	6.80	7.00	46.6%	1	20
ALK $39.36
73	4	55.4%	9.05	8.60	9.60	40.00	7.60	8.10	7.92	45.6%	1	40
11	2	55.9%	8.10	8.00	8.60	42.50	0.00	0.00	7.50	—	2	0
32	1	54.4%	10.00	6.80	7.70	45.00	10.50	11.10	10.95	44.0%	1	28
0	1	3.1%	10.00	0.00	0.00	47.50	11.60	13.20	12.61	45.8%	1	17
50	1	53.5%	7.00	5.00	6.50	50.00	13.30	15.00	13.04	45.3%	1	51
46	6	53.0%	5.40	4.70	5.50	52.50	0.00	0.00	12.30	—	1	0
40	4	53.4%	5.34	4.00	5.30	55.00	20.80	22.60	11.20	61.9%	1	8
89	1	53.8%	5.10	3.70	4.80	57.50	19.40	21.10	20.70	45.5%	10	10
131	1	52.6%	3.88	3.30	4.00	60.00	0.00	0.00	24.65	—	1	0
0	10	12.5%	5.10	0.00	0.00	62.50	0.00	0.00	19.40	—	—	0
0	10	12.5%	4.10	0.00	0.00	65.00	—	—	—	—	—	—
4	1	62.0%	6.39	3.70	4.40	67.50	0.00	0.00	22.50	—	—	0
32	15	52.6%	3.40	2.05	2.80	70.00	0.00	0.00	29.90	—	10	0
11	10	53.0%	3.00	1.65	2.40	75.00	—	—	—	—	—	—
73	2	52.2%	2.35	1.20	1.95	80.00	—	—	—	—	—	—
15	6	52.3%	2.50	1.05	1.55	85.00	—	—	—	—	—	—
16	10	59.2%	5.58	1.60	1.90	90.00	47.50	49.70	46.30	—	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 December 17, 2027 expiration, the ALK put/call ratio based on open interest is 0.61 (443 puts vs 732 calls), and 0.55 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 December 17, 2027 is about 50.5%, 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.