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
- Dec 18, 2026
- Days to expiration
- 68
- Share price
- $6.24
- Put/call ratio (OI)
- 0.19
- Put/call ratio (volume)
- 1.23
- ATM implied volatility
- 152.5%
- Expected move
- ±$4.11
- Open interest (C / P)
- 75 / 14
ARI options summary
The ARI options chain for the December 18, 2026 expiration lists 5 call and 5 put contracts, with 68 days until expiration. Open interest stands at 75 calls and 14 puts, a put/call ratio of 0.19, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $5.00 strike is 152.5%, which implies the market expects a move of about ±$4.11 (65.8%) in Apollo Commercial Real Estate Finance stock by expiration.
The most open interest sits at the $7.50 call (41 contracts) and the $7.50 put (13 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
ARI options chain · December 18, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 4.47 | 2.30 | 6.20 | 2.50 | — | — | — | |||||
| 0.20 | 0.00 | 2.00 | 5.00 | 0.00 | 2.15 | 0.45 | |||||
| 0.20 | 0.00 | 0.05 | 7.50 | 0.00 | 0.00 | 0.05 | |||||
| 0.10 | 0.00 | 0.00 | 10.00 | 1.00 | 5.10 | 0.15 | |||||
| 0.23 | 0.00 | 2.15 | 12.50 | 3.50 | 7.60 | 1.70 | |||||
| — | — | — | 15.00 | 2.60 | 6.80 | 4.60 | |||||
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 December 18, 2026 expiration, the ARI put/call ratio based on open interest is 0.19 (14 puts vs 75 calls), and 1.23 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 December 18, 2026 is about 152.5%, 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.