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: Jan 15, 2027
Days to expiration: 96
Share price: $38.05
Put/call ratio (OI): 0.50
Put/call ratio (volume): 0.67
ATM implied volatility: 55.3%
Expected move: ±$10.80
Open interest (C / P): 21.39K / 10.66K

BROS options summary

The BROS options chain for the January 15, 2027 expiration lists 37 call and 35 put contracts, with 96 days until expiration. Open interest stands at 21,387 calls and 10,657 puts, a put/call ratio of 0.50, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $37.00 strike is 55.3%, which implies the market expects a move of about ±$10.80 (28.4%) in Dutch Bros stock by expiration.

The most open interest sits at the $40.00 call (2.65K contracts) and the $40.00 put (1.96K contracts).

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

BROS options chain · January 15, 2027

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
12	1	125.4%	21.20	19.60	22.50	18.00	0.00	0.00	0.05	25.0%	1	0
71	2	99.7%	20.25	17.70	19.80	20.00	0.05	0.15	0.10	65.4%	7	45
0	1	—	30.40	0.00	0.00	23.00	0.15	0.30	0.25	61.7%	1	88
48	1	78.4%	15.40	13.50	14.50	25.00	0.10	0.40	0.30	54.3%	1	191
25	10	68.2%	11.90	10.60	11.90	28.00	0.60	0.75	0.70	55.6%	17	113
787	21	60.6%	9.48	9.10	9.70	30.00	0.80	1.10	1.05	52.5%	154	327
40	1	66.8%	8.98	7.40	9.40	32.00	1.40	1.65	1.50	53.2%	8	607
223	4	63.8%	7.40	6.00	6.90	35.00	2.40	2.75	2.60	52.3%	33	770
398	6	59.9%	5.32	4.80	5.50	37.00	3.10	3.70	3.30	50.7%	2	492
BROS $38.05
2,650	193	56.4%	3.68	3.50	3.70	40.00	5.00	5.30	5.08	51.3%	1	1,959
298	38	56.9%	3.00	2.80	3.10	42.00	6.20	6.60	6.35	50.3%	2	1,233
1,741	119	56.8%	2.10	2.00	2.25	45.00	8.30	8.70	8.70	51.5%	8	1,166
435	32	60.2%	1.55	1.55	2.30	47.00	8.90	11.40	9.30	67.8%	5	326
1,812	41	55.9%	1.15	1.10	1.20	50.00	11.30	13.00	11.80	54.1%	20	1,899
532	4	56.9%	0.92	0.80	1.00	52.50	13.00	15.20	14.45	53.9%	1	436
2,509	53	57.1%	0.70	0.65	0.70	55.00	16.00	17.60	16.36	56.5%	20	466
819	10	57.9%	0.50	0.40	0.65	57.50	17.60	20.00	19.14	58.5%	1	200
2,147	43	59.0%	0.40	0.35	0.50	60.00	20.00	22.30	21.18	56.5%	1	258
265	1	62.0%	0.34	0.25	0.55	62.50	0.00	0.00	13.95	—	2	0
672	3	63.7%	0.25	0.20	0.50	65.00	25.00	28.20	25.80	87.1%	5	38
753	10	64.0%	0.27	0.10	0.45	67.50	27.50	30.70	21.33	91.0%	1	10
686	15	71.2%	0.15	0.10	0.65	70.00	30.00	33.20	27.10	94.7%	67	0
160	32	61.3%	0.15	0.05	0.20	72.50	32.50	36.00	25.33	104.3%	1	0
568	1	61.7%	0.10	0.00	0.20	75.00	35.00	38.20	24.09	101.5%	1	2
265	10	71.4%	0.10	0.05	0.35	77.50	15.80	19.30	18.00	—	—	1
812	8	63.9%	0.06	0.05	0.10	80.00	24.70	26.70	26.25	—	1	27
379	50	68.8%	0.08	0.00	0.20	82.50	42.50	45.70	43.72	110.6%	50	0
282	13	68.2%	0.05	0.00	0.15	85.00	31.90	35.20	18.40	—	3	0
150	3	72.8%	0.17	0.00	0.20	87.50	33.70	37.70	20.10	—	8	0
260	1	81.2%	0.05	0.00	0.35	90.00	36.20	40.20	21.90	—	8	0
320	5	72.3%	0.10	0.00	0.10	95.00	55.00	58.20	55.15	123.6%	20	0
917	5	79.3%	0.05	0.00	0.15	100.00	60.00	63.20	52.10	128.2%	6	0
0	1	50.0%	0.20	0.00	0.00	105.00	65.00	68.90	62.67	59.4%	40	0
0	3	50.0%	0.16	0.00	0.00	110.00	70.00	73.80	62.40	150.1%	—	0
0	1	50.0%	0.10	0.00	0.00	115.00	—	—	—	—	—	—
67	4	107.2%	0.12	0.00	0.50	120.00	—	—	—	—	—	—
284	1	100.0%	0.07	0.00	0.25	125.00	69.50	74.50	56.37	—	1	3

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 January 15, 2027 expiration, the BROS put/call ratio based on open interest is 0.50 (10,657 puts vs 21,387 calls), and 0.67 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 January 15, 2027 is about 55.3%, 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.