Dutch Bros (BROS) Options Chain

NYSE: BROSConsumer DiscretionaryRestaurantsUSD

38.05-1.73 (-4.35%)

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

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $38.05
Put/call ratio (OI): 0.25
Put/call ratio (volume): 1.29
ATM implied volatility: 51.4%
Expected move: ±$2.29
Open interest (C / P): 19.68K / 4.99K

BROS options summary

The BROS options chain for the October 16, 2026 expiration lists 50 call and 44 put contracts, with 5 days until expiration. Open interest stands at 19,677 calls and 4,985 puts, a put/call ratio of 0.25, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $38.00 strike is 51.4%, which implies the market expects a move of about ±$2.29 (6.0%) in Dutch Bros stock by expiration.

The most open interest sits at the $50.00 call (2.06K contracts) and the $40.00 put (1.33K contracts).

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

BROS options chain · October 16, 2026

BROS 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
11	2	181.3%	23.00	12.40	13.90	25.00	0.00	0.10	0.05	161.7%	30	116
1	1	251.4%	10.70	10.20	12.60	27.50	0.00	0.10	0.05	128.9%	11	41
6	1	98.4%	9.65	7.70	8.50	30.00	0.00	0.05	0.02	88.3%	1	106
—	—	—	—	—	—	32.00	0.00	0.10	0.05	75.8%	1	2
2	2	155.2%	7.88	5.20	7.60	32.50	0.00	0.10	0.13	69.9%	1	543
—	—	—	—	—	—	33.00	0.00	0.10	0.20	64.5%	3	3
—	—	—	—	—	—	34.00	0.00	0.10	0.20	53.1%	32	38
3	4	93.0%	3.71	3.20	4.90	34.50	0.00	0.20	0.15	55.5%	4	8
44	1	60.2%	3.55	3.00	3.50	35.00	0.05	0.15	0.08	55.1%	36	253
8	20	59.4%	3.09	2.35	3.30	35.50	0.00	0.20	0.15	52.9%	13	26
39	2	53.4%	2.20	2.20	2.50	36.00	0.10	0.30	0.20	53.4%	26	63
8	5	50.2%	2.37	1.75	2.10	36.50	0.05	0.40	0.30	51.8%	11	40
29	8	57.1%	1.90	1.40	1.70	37.00	0.15	0.55	0.45	51.5%	61	109
35	12	54.5%	1.21	1.10	1.35	37.50	0.25	0.70	0.60	49.1%	284	739
157	54	52.7%	0.90	0.70	1.05	38.00	0.55	0.95	0.87	50.1%	152	128
BROS $38.05
88	34	48.9%	0.72	0.60	0.75	38.50	0.90	1.20	1.06	48.9%	50	133
401	54	51.0%	0.60	0.25	0.60	39.00	1.25	1.75	1.38	61.7%	28	87
68	50	54.1%	0.38	0.30	0.50	39.50	1.25	1.95	1.77	54.1%	18	21
864	170	52.5%	0.29	0.20	0.35	40.00	2.00	2.30	2.21	52.5%	22	1,334
42	22	52.3%	0.25	0.15	0.25	40.50	2.05	2.95	2.77	69.5%	6	2
404	82	54.3%	0.15	0.05	0.20	41.00	2.45	3.30	1.67	66.2%	1	3
88	57	55.3%	0.10	0.00	0.15	41.50	3.30	3.80	3.47	72.7%	1	2
243	89	51.2%	0.07	0.05	0.10	42.00	3.60	4.20	3.43	70.3%	2	8
500	15	55.7%	0.07	0.00	0.15	42.50	4.20	4.70	4.37	76.0%	18	551
117	4	55.5%	0.06	0.00	0.10	43.00	3.60	5.30	5.00	90.3%	3	7
25	1	59.4%	0.05	0.00	0.10	43.50	—	—	—	—	—	—
112	17	68.8%	0.11	0.00	0.15	44.00	4.30	6.20	6.30	91.6%	3	1
18	3	73.0%	0.10	0.00	0.15	44.50	—	—	—	—	—	—
1,449	21	64.1%	0.03	0.00	0.05	45.00	6.00	7.10	6.86	89.3%	1	547
13	6	80.9%	0.07	0.00	0.15	45.50	5.80	7.80	6.85	116.4%	—	0
31	22	78.9%	0.10	0.00	0.10	46.00	6.30	8.30	8.10	121.3%	3	0
1	—	85.9%	0.20	0.00	0.10	47.00	—	—	—	—	—	—
594	7	80.5%	0.06	0.00	0.05	47.50	7.80	9.80	9.53	135.3%	1	62
1,003	—	83.6%	0.10	0.00	0.05	48.00	—	—	—	—	—	—
2,061	1	96.1%	0.25	0.00	0.05	50.00	11.70	12.10	11.36	129.3%	4	9
1,069	1	110.9%	0.05	0.00	0.05	52.50	12.70	14.80	11.35	176.4%	50	0
1,958	1	123.4%	0.03	0.00	0.05	55.00	15.20	17.20	16.48	180.5%	2	2
1,033	1	135.9%	0.10	0.00	0.05	57.50	17.70	20.00	13.85	235.3%	1	0
905	1	148.4%	0.03	0.00	0.05	60.00	21.00	22.40	21.35	240.4%	1	0
1,182	3	303.7%	0.05	0.00	1.80	62.50	22.80	24.70	18.80	226.2%	377	1
686	5	170.3%	0.05	0.00	0.05	65.00	25.20	27.50	18.61	282.8%	1	0
359	192	242.6%	0.10	0.00	0.40	67.50	27.70	29.80	21.11	269.5%	1	0
505	1	207.0%	0.05	0.00	0.10	70.00	0.00	0.00	17.65	—	1	0
1,658	5	298.2%	0.01	0.00	0.75	72.50	0.00	0.00	21.80	—	1	0
766	11	309.8%	0.05	0.00	0.75	75.00	0.00	0.00	23.66	—	1	0
106	1	292.6%	0.27	0.00	0.45	77.50	37.70	39.90	31.29	332.6%	20	0
265	1	308.2%	0.10	0.00	0.50	80.00	—	—	—	—	—	—
0	1	50.0%	0.45	0.00	0.00	82.50	—	—	—	—	—	—
165	2	327.3%	0.10	0.00	0.50	85.00	—	—	—	—	—	—
454	1	254.7%	0.05	0.00	0.05	90.00	36.60	40.20	20.10	—	—	0
2	3	361.7%	0.06	0.00	0.50	95.00	—	—	—	—	—	—
5	1	377.3%	0.05	0.00	0.50	100.00	46.70	50.20	30.80	—	1	0
94	1	293.8%	0.05	0.00	0.05	105.00	—	—	—	—	—	—

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 BROS put/call ratio?

For the October 16, 2026 expiration, the BROS put/call ratio based on open interest is 0.25 (4,985 puts vs 19,677 calls), and 1.29 based on today's volume. A ratio above 1 means more puts than calls.

What is BROS's implied volatility?

At-the-money implied volatility for BROS options expiring October 16, 2026 is about 51.4%, an annualized estimate of how much the market expects Dutch Bros stock to move.

How many BROS option expiration dates are there?

BROS has 13 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.