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 23, 2026
Days to expiration: 12
Share price: $38.05
Put/call ratio (OI): 0.59
Put/call ratio (volume): 0.47
ATM implied volatility: 54.1%
Expected move: ±$3.73
Open interest (C / P): 1.23K / 726

BROS options summary

The BROS options chain for the October 23, 2026 expiration lists 20 call and 27 put contracts, with 12 days until expiration. Open interest stands at 1,227 calls and 726 puts, a put/call ratio of 0.59, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $38.00 strike is 54.1%, which implies the market expects a move of about ±$3.73 (9.8%) in Dutch Bros stock by expiration.

The most open interest sits at the $40.00 call (248 contracts) and the $44.00 put (128 contracts).

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

BROS options chain · October 23, 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
—	—	—	—	—	—	30.00	0.00	0.10	0.08	69.9%	100	100
1	1	121.9%	7.01	5.90	8.10	32.00	0.00	0.15	0.15	57.8%	—	1
—	—	—	—	—	—	33.00	0.00	0.15	0.10	57.8%	4	17
1	—	85.0%	5.40	4.00	5.60	34.00	0.00	0.40	0.25	52.5%	1	17
—	—	—	—	—	—	35.00	0.05	0.30	0.35	48.8%	1	18
—	—	—	—	—	—	36.00	0.40	0.60	0.45	52.0%	38	61
—	—	—	—	—	—	37.00	0.60	0.85	0.75	48.2%	6	50
28	41	56.4%	1.65	1.20	1.95	38.00	0.80	1.40	1.18	51.9%	16	78
BROS $38.05
19	39	55.8%	0.90	0.80	1.45	39.00	1.65	2.00	1.55	53.0%	6	37
248	137	54.3%	0.60	0.10	0.75	40.00	2.35	2.65	2.10	52.3%	1	111
46	21	54.2%	0.60	0.30	0.50	41.00	2.60	3.60	2.94	61.0%	11	16
207	7	55.7%	0.30	0.10	0.35	42.00	3.70	4.40	4.15	61.0%	11	58
103	42	55.8%	0.45	0.00	0.45	43.00	4.30	5.40	4.70	69.6%	1	5
145	19	62.9%	0.08	0.10	0.35	44.00	4.00	6.60	5.45	88.4%	1	128
32	110	54.5%	0.10	0.05	0.10	45.00	5.90	7.30	6.17	78.9%	3	13
18	4	63.5%	0.15	0.00	0.20	46.00	6.30	8.30	8.00	85.7%	1	12
48	1	65.4%	0.19	0.00	0.15	47.00	8.10	9.30	8.35	92.4%	1	3
126	15	66.0%	0.10	0.00	0.10	48.00	8.30	10.30	10.50	98.8%	1	1
74	30	70.7%	0.11	0.00	0.10	49.00	9.20	11.40	10.40	112.3%	1	0
77	1	80.5%	0.10	0.00	0.15	50.00	10.20	12.60	12.26	131.6%	1	0
19	1	96.5%	0.05	0.00	0.30	51.00	11.20	13.50	12.89	131.3%	10	0
22	1	101.6%	0.05	0.00	0.30	52.00	12.20	14.50	8.78	137.2%	3	0
—	—	—	—	—	—	53.00	13.20	15.40	9.20	135.6%	—	0
4	1	110.9%	0.35	0.00	0.30	54.00	—	—	—	—	—	—
4	—	102.3%	0.10	0.00	0.15	55.00	15.20	17.40	9.15	146.1%	—	0
—	—	—	—	—	—	57.00	17.20	19.30	12.10	147.3%	—	0
5	—	107.8%	0.35	0.00	0.10	58.00	18.20	20.50	11.21	168.8%	—	0
—	—	—	—	—	—	63.00	23.20	25.80	17.22	213.7%	2	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 BROS put/call ratio?

For the October 23, 2026 expiration, the BROS put/call ratio based on open interest is 0.59 (726 puts vs 1,227 calls), and 0.47 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 23, 2026 is about 54.1%, 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.