Copa S.A. (CPA) Options Chain

NYSE: CPAConsumer DiscretionaryAir Freight/Delivery ServicesUSD

134.23-0.29 (-0.22%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $134.23
Put/call ratio (OI): 0.90
Put/call ratio (volume): 1.45
ATM implied volatility: 43.1%
Expected move: ±$19.14
Open interest (C / P): 741 / 667

CPA options summary

The CPA options chain for the November 20, 2026 expiration lists 17 call and 22 put contracts, with 40 days until expiration. Open interest stands at 741 calls and 667 puts, a put/call ratio of 0.90, which is fairly balanced between calls and puts. At-the-money implied volatility near the $135.00 strike is 43.1%, which implies the market expects a move of about ±$19.14 (14.3%) in Copa S.A. stock by expiration.

The most open interest sits at the $170.00 call (209 contracts) and the $105.00 put (110 contracts).

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

CPA options chain · November 20, 2026

CPA 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
—	—	—	—	—	—	55.00	0.00	2.30	0.35	168.6%	1	2
—	—	—	—	—	—	60.00	0.00	2.35	0.30	154.6%	—	32
—	—	—	—	—	—	65.00	0.00	2.40	0.50	141.8%	—	1
—	—	—	—	—	—	70.00	0.00	2.50	0.70	130.4%	2	4
—	—	—	—	—	—	75.00	0.00	0.95	0.35	97.1%	1	11
—	—	—	—	—	—	80.00	0.00	0.95	0.50	87.7%	1	16
—	—	—	—	—	—	85.00	0.00	0.95	0.60	78.8%	1	3
—	—	—	—	—	—	90.00	0.00	2.45	0.80	86.7%	1	107
—	—	—	—	—	—	95.00	0.00	2.55	0.55	78.0%	1	1
—	—	—	—	—	—	100.00	0.00	2.65	1.30	69.6%	1	2
1	1	62.5%	29.05	29.00	32.40	105.00	0.05	2.80	1.60	61.9%	1	110
—	—	—	—	—	—	110.00	0.35	1.50	1.39	53.9%	2	11
16	3	147.5%	21.15	33.80	36.40	115.00	0.55	3.40	2.15	61.9%	2	54
3	—	140.9%	20.00	30.00	33.00	120.00	1.60	3.50	1.67	52.2%	1	47
0	1	—	12.92	0.00	0.00	125.00	1.50	3.40	2.75	40.9%	8	63
25	1	48.9%	11.43	7.70	10.90	130.00	3.50	5.00	4.40	39.1%	3	79
CPA $134.23
46	2	47.2%	6.70	5.50	8.10	135.00	5.10	7.40	6.50	39.0%	2	46
75	1	46.3%	4.60	3.70	5.90	140.00	8.00	10.30	8.50	38.5%	—	68
34	1	47.5%	4.70	2.15	4.50	145.00	0.00	0.00	19.58	—	7	0
152	3	51.3%	2.41	0.60	3.80	150.00	20.60	23.60	11.63	67.0%	1	4
7	5	55.7%	1.75	0.25	3.40	155.00	—	—	—	—	—	—
42	1	52.9%	0.86	0.25	2.20	160.00	—	—	—	—	—	—
53	1	54.5%	1.45	0.00	1.75	165.00	—	—	—	—	—	—
209	1	55.1%	0.55	0.00	2.65	170.00	—	—	—	—	—	—
47	3	58.9%	0.85	0.00	2.50	175.00	—	—	—	—	—	—
26	1	61.0%	2.34	0.00	2.15	180.00	—	—	—	—	—	—
5	4	71.8%	3.20	0.00	2.55	190.00	58.00	61.60	48.70	99.3%	5	5
0	—	25.0%	0.40	0.00	0.00	195.00	—	—	—	—	—	—
—	—	—	—	—	—	230.00	97.90	101.80	74.00	131.5%	1	1

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 CPA put/call ratio?

For the November 20, 2026 expiration, the CPA put/call ratio based on open interest is 0.90 (667 puts vs 741 calls), and 1.45 based on today's volume. A ratio above 1 means more puts than calls.

What is CPA's implied volatility?

At-the-money implied volatility for CPA options expiring November 20, 2026 is about 43.1%, an annualized estimate of how much the market expects Copa S.A. stock to move.

How many CPA option expiration dates are there?

CPA has 6 listed expiration dates, from Oct 16, 2026 to May 21, 2027.

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.