Apollo Commercial Real Estate Finance (ARI) Options Chain
NYSE: ARIReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $6.24
- Put/call ratio (OI)
- 0.64
- Put/call ratio (volume)
- 0.77
- ATM implied volatility
- 291.2%
- Expected move
- ±$6.02
- Open interest (C / P)
- 159 / 101
ARI options summary
The ARI options chain for the November 20, 2026 expiration lists 5 call and 6 put contracts, with 40 days until expiration. Open interest stands at 159 calls and 101 puts, a put/call ratio of 0.64, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $5.00 strike is 291.2%, which implies the market expects a move of about ±$6.02 (96.4%) in Apollo Commercial Real Estate Finance stock by expiration.
The most open interest sits at the $12.50 call (150 contracts) and the $12.50 put (100 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
ARI options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 4.42 | 2.25 | 6.00 | 2.50 | — | — | — | |||||
| 2.10 | 0.05 | 3.50 | 5.00 | 0.00 | 4.90 | 0.15 | |||||
| 0.15 | 0.00 | 0.20 | 7.50 | 0.00 | 2.75 | 1.54 | |||||
| 0.10 | 0.00 | 0.00 | 10.00 | 1.00 | 5.10 | 0.29 | |||||
| 0.12 | 0.00 | 0.00 | 12.50 | 0.80 | 3.40 | 2.25 | |||||
| — | — | — | 15.00 | 0.00 | 0.00 | 4.70 | |||||
| — | — | — | 17.50 | 0.00 | 0.00 | 7.10 | |||||
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 ARI put/call ratio?
For the November 20, 2026 expiration, the ARI put/call ratio based on open interest is 0.64 (101 puts vs 159 calls), and 0.77 based on today's volume. A ratio above 1 means more puts than calls.
What is ARI's implied volatility?
At-the-money implied volatility for ARI options expiring November 20, 2026 is about 291.2%, an annualized estimate of how much the market expects Apollo Commercial Real Estate Finance stock to move.
How many ARI option expiration dates are there?
ARI has 5 listed expiration dates, from Oct 16, 2026 to May 21, 2027.
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.