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: Aug 20, 2027
Days to expiration: 314
Share price: $108.45
Put/call ratio (OI): 4.14
Put/call ratio (volume): 5.61
ATM implied volatility: 45.3%
Expected move: ±$45.61
Open interest (C / P): 144 / 596

CAKE options summary

The CAKE options chain for the August 20, 2027 expiration lists 17 call and 14 put contracts, with 314 days until expiration. Open interest stands at 144 calls and 596 puts, a put/call ratio of 4.14, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $110.00 strike is 45.3%, which implies the market expects a move of about ±$45.61 (42.1%) in Cheesecake Factory stock by expiration.

The most open interest sits at the $160.00 call (103 contracts) and the $105.00 put (258 contracts).

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

CAKE options chain · August 20, 2027

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
1	—	62.1%	45.66	53.50	58.50	55.00	0.05	3.10	1.95	54.3%	—	1
0	1	60.3%	48.69	49.50	54.00	60.00	0.45	3.50	2.91	51.6%	17	30
—	—	—	—	—	—	65.00	1.10	4.10	2.60	58.3%	1	11
1	1	56.4%	41.00	41.00	46.00	70.00	—	—	—	—	—	—
5	—	54.3%	41.30	37.00	42.00	75.00	2.60	6.00	6.20	54.1%	—	3
0	—	—	40.00	0.00	0.00	80.00	3.60	7.30	5.60	52.7%	2	5
—	—	—	—	—	—	85.00	4.80	8.80	7.05	51.4%	2	256
0	1	51.1%	25.83	27.00	31.50	90.00	8.00	9.20	11.20	46.3%	1	3
—	—	—	—	—	—	92.50	7.20	10.70	9.60	47.6%	—	2
2	1	50.1%	20.15	24.00	28.40	95.00	8.20	11.70	11.26	47.2%	2	3
—	—	—	—	—	—	100.00	10.10	13.80	14.00	46.2%	1	5
—	—	—	—	—	—	105.00	12.40	16.30	19.89	45.8%	97	258
CAKE $108.45
—	—	—	—	—	—	110.00	14.80	19.00	23.58	45.3%	1	6
2	1	52.3%	12.35	12.70	16.60	120.00	—	—	—	—	—	—
0	2	3.1%	14.60	0.00	0.00	125.00	23.50	28.00	28.00	43.3%	—	8
2	2	51.4%	12.50	9.40	13.30	130.00	—	—	—	—	—	—
2	—	51.1%	12.90	8.00	11.90	135.00	—	—	—	—	—	—
14	2	50.7%	7.80	6.70	10.60	140.00	—	—	—	—	—	—
0	—	6.3%	9.20	0.00	0.00	145.00	38.50	43.00	41.00	42.1%	5	5
2	4	49.8%	5.88	4.50	8.30	150.00	—	—	—	—	—	—
10	4	48.8%	6.07	3.60	7.10	155.00	—	—	—	—	—	—
103	4	48.3%	4.62	3.20	6.20	160.00	—	—	—	—	—	—
—	—	—	4.60	—	—	165.00	—	—	—	—	—	—

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 August 20, 2027 expiration, the CAKE put/call ratio based on open interest is 4.14 (596 puts vs 144 calls), and 5.61 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 August 20, 2027 is about 45.3%, 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.