Cheesecake Factory (CAKE) Options Chain

NASDAQ: CAKEConsumer DiscretionaryRestaurantsUSD

108.45+1.54 (+1.44%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $108.45
Put/call ratio (OI): 0.57
Put/call ratio (volume): 0.71
ATM implied volatility: 49.9%
Expected move: ±$17.90
Open interest (C / P): 1.96K / 1.13K

CAKE options summary

The CAKE options chain for the November 20, 2026 expiration lists 15 call and 13 put contracts, with 40 days until expiration. Open interest stands at 1,960 calls and 1,126 puts, a put/call ratio of 0.57, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $110.00 strike is 49.9%, which implies the market expects a move of about ±$17.90 (16.5%) in Cheesecake Factory stock by expiration.

The most open interest sits at the $110.00 call (699 contracts) and the $90.00 put (281 contracts).

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

CAKE options chain · November 20, 2026

CAKE 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
—	—	—	—	—	—	70.00	0.00	1.15	0.25	82.4%	—	5
20	—	69.3%	32.25	31.90	36.00	75.00	0.10	1.35	0.23	75.3%	2	1
—	—	—	—	—	—	80.00	0.05	1.60	0.55	66.7%	6	13
29	20	59.1%	23.10	22.40	26.50	85.00	0.30	1.75	0.85	59.5%	1	82
—	—	—	—	—	—	87.50	0.25	1.45	1.00	51.3%	1	15
9	1	54.6%	19.10	17.90	21.90	90.00	1.20	2.15	1.55	57.4%	2	281
—	—	—	18.50	—	—	92.50	1.55	2.60	1.90	56.1%	23	36
—	—	—	—	—	—	95.00	1.20	2.40	2.09	53.2%	6	131
24	1	59.6%	13.80	11.90	14.80	97.50	1.50	3.10	2.25	53.2%	13	49
11	4	58.1%	11.10	10.20	13.00	100.00	2.15	3.60	2.90	50.5%	54	79
122	34	54.4%	9.10	8.20	9.60	105.00	4.20	5.70	5.15	51.2%	33	113
CAKE $108.45
699	137	49.7%	6.08	5.90	6.50	110.00	6.80	8.10	7.39	50.0%	20	233
136	16	53.3%	4.10	3.90	5.10	115.00	10.30	11.40	10.50	51.5%	81	88
563	4	57.0%	3.00	1.60	4.10	120.00	—	—	—	—	—	—
15	1	59.2%	1.83	0.70	3.20	125.00	—	—	—	—	—	—
50	2	52.6%	1.30	0.40	1.65	130.00	—	—	—	—	—	—
259	42	55.3%	0.95	0.20	1.30	135.00	—	—	—	—	—	—
8	55	52.8%	0.65	0.10	1.35	140.00	—	—	—	—	—	—
15	22	53.6%	0.45	0.05	0.95	145.00	—	—	—	—	—	—

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 CAKE put/call ratio?

For the November 20, 2026 expiration, the CAKE put/call ratio based on open interest is 0.57 (1,126 puts vs 1,960 calls), and 0.71 based on today's volume. A ratio above 1 means more puts than calls.

What is CAKE's implied volatility?

At-the-money implied volatility for CAKE options expiring November 20, 2026 is about 49.9%, an annualized estimate of how much the market expects Cheesecake Factory stock to move.

How many CAKE option expiration dates are there?

CAKE has 9 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.