Clover Health Investments (CLOV) Options Chain

NASDAQ: CLOVHealth CareMedical SpecialitiesUSD

4.58+0.02 (+0.44%)

At close: Oct 8, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: May 21, 2027
Days to expiration: 225
Share price: $4.58
Put/call ratio (OI): 0.72
Put/call ratio (volume): 0.39
ATM implied volatility: 67.4%
Expected move: ±$2.42
Open interest (C / P): 2.08K / 1.48K

CLOV options summary

The CLOV options chain for the May 21, 2027 expiration lists 10 call and 6 put contracts, with 225 days until expiration. Open interest stands at 2,075 calls and 1,484 puts, a put/call ratio of 0.72, which is fairly balanced between calls and puts. At-the-money implied volatility near the $4.50 strike is 67.4%, which implies the market expects a move of about ±$2.42 (52.9%) in Clover Health Investments stock by expiration.

The most open interest sits at the $4.00 call (1.01K contracts) and the $4.00 put (603 contracts).

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

CLOV options chain · May 21, 2027

CLOV 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
31	—	95.3%	2.94	2.82	3.45	1.50	0.00	0.27	0.05	120.7%	1	0
27	—	93.8%	2.37	2.39	3.05	2.00	0.01	0.28	0.05	94.9%	4	3
20	2	70.3%	1.81	1.62	2.05	3.00	—	—	—	—	—	—
—	—	—	—	—	—	3.50	0.26	0.49	0.44	64.5%	2	102
1,007	32	71.9%	1.31	1.16	1.38	4.00	0.55	0.70	0.63	66.8%	1	603
26	84	71.6%	1.04	0.92	1.17	4.50	0.74	0.96	0.90	63.2%	1	201
CLOV $4.58
531	8	71.1%	0.80	0.80	0.91	5.00	1.03	1.25	1.29	61.6%	169	575
52	2	70.7%	0.71	0.64	0.76	5.50	—	—	—	—	—	—
57	57	71.3%	0.52	0.38	0.79	6.00	—	—	—	—	—	—
32	20	69.2%	0.33	0.30	0.45	7.00	—	—	—	—	—	—
292	248	66.0%	0.26	0.10	0.34	8.00	—	—	—	—	—	—

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 CLOV put/call ratio?

For the May 21, 2027 expiration, the CLOV put/call ratio based on open interest is 0.72 (1,484 puts vs 2,075 calls), and 0.39 based on today's volume. A ratio above 1 means more puts than calls.

What is CLOV's implied volatility?

At-the-money implied volatility for CLOV options expiring May 21, 2027 is about 67.4%, an annualized estimate of how much the market expects Clover Health Investments stock to move.

How many CLOV option expiration dates are there?

CLOV has 12 listed expiration dates, from Oct 9, 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.