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 21, 2028
Days to expiration: 468
Share price: $38.05
Put/call ratio (OI): 0.25
Put/call ratio (volume): 0.56
ATM implied volatility: 58.6%
Expected move: ±$25.24
Open interest (C / P): 9.98K / 2.51K

BROS options summary

The BROS options chain for the January 21, 2028 expiration lists 31 call and 26 put contracts, with 468 days until expiration. Open interest stands at 9,981 calls and 2,513 puts, a put/call ratio of 0.25, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $37.50 strike is 58.6%, which implies the market expects a move of about ±$25.24 (66.3%) in Dutch Bros stock by expiration.

The most open interest sits at the $50.00 call (2.10K contracts) and the $25.00 put (491 contracts).

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

BROS options chain · January 21, 2028

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
39	2	80.9%	22.80	20.40	22.50	20.00	1.20	1.50	1.52	55.6%	1	1
59	1	81.2%	20.30	18.80	21.30	22.50	1.55	2.25	2.15	54.2%	2	2
362	6	72.3%	17.72	17.30	18.20	25.00	2.60	3.00	2.85	55.0%	5	491
11	3	75.9%	16.42	15.70	18.10	27.50	3.10	3.90	3.40	52.8%	1	76
202	13	68.8%	14.70	14.30	15.30	30.00	4.20	5.00	4.65	53.0%	2	164
76	1	69.9%	14.55	13.00	14.70	32.50	5.50	6.00	5.70	52.5%	4	20
204	21	66.4%	12.55	11.80	12.80	35.00	6.60	7.20	7.00	51.2%	1	127
54	39	63.8%	11.00	10.30	11.60	37.50	7.40	8.70	8.30	53.4%	1	222
BROS $38.05
1,125	3	66.1%	10.84	9.70	11.20	40.00	9.20	10.00	9.00	51.7%	20	221
127	2	66.0%	10.10	8.80	10.50	42.50	10.20	11.70	11.46	51.9%	1	138
307	1	63.2%	8.50	7.90	9.00	45.00	11.70	13.60	13.00	52.8%	2	174
160	7	64.2%	8.19	7.20	8.70	47.50	13.60	15.90	14.58	55.5%	6	95
2,095	32	61.5%	6.90	6.20	7.60	50.00	15.80	17.70	15.80	54.9%	1	258
312	1	61.5%	6.70	6.00	6.70	52.50	16.90	18.70	17.90	49.1%	10	64
1,115	13	61.5%	6.80	5.50	6.20	55.00	18.70	22.50	20.30	59.8%	2	107
206	2	66.6%	5.20	5.00	7.50	57.50	20.60	23.40	22.70	52.7%	9	22
256	10	61.0%	4.80	4.30	5.50	60.00	22.80	25.50	24.25	52.6%	1	191
112	14	59.9%	4.75	4.00	4.70	62.50	15.70	18.70	14.11	—	1	8
363	10	60.2%	4.00	3.70	4.40	65.00	26.80	28.70	28.50	44.0%	5	20
780	10	59.6%	3.60	3.30	4.00	67.50	19.70	22.30	15.70	—	2	10
519	18	60.5%	3.40	3.10	3.90	70.00	31.30	33.40	32.95	45.0%	1	23
72	2	59.4%	3.10	2.75	3.40	72.50	—	—	—	—	—	—
315	10	59.6%	2.90	2.55	3.20	75.00	35.10	38.00	37.18	44.2%	2	34
44	8	61.0%	2.85	2.30	3.40	77.50	—	—	—	—	—	—
155	10	60.8%	2.60	2.15	3.10	80.00	40.00	43.20	34.50	49.1%	10	15
22	15	59.7%	2.40	1.95	2.65	82.50	—	—	—	—	—	—
40	1	58.8%	2.35	1.70	2.35	85.00	26.00	29.60	26.80	—	1	16
40	1	59.4%	1.90	1.50	2.10	90.00	36.00	40.50	39.10	—	50	14
457	10	59.0%	1.65	1.25	1.80	95.00	54.50	59.50	50.10	68.2%	10	0
39	2	60.2%	1.49	1.05	1.80	100.00	—	—	—	—	—	—
313	4	59.1%	1.25	0.80	1.50	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 January 21, 2028 expiration, the BROS put/call ratio based on open interest is 0.25 (2,513 puts vs 9,981 calls), and 0.56 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 21, 2028 is about 58.6%, 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.