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: Feb 19, 2027
Days to expiration: 131
Share price: $134.23
Put/call ratio (OI): 2.16
Put/call ratio (volume): 0.05
ATM implied volatility: 42.2%
Expected move: ±$33.90
Open interest (C / P): 408 / 881

CPA options summary

The CPA options chain for the February 19, 2027 expiration lists 19 call and 10 put contracts, with 131 days until expiration. Open interest stands at 408 calls and 881 puts, a put/call ratio of 2.16, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $135.00 strike is 42.2%, which implies the market expects a move of about ±$33.90 (25.3%) in Copa S.A. stock by expiration.

The most open interest sits at the $80.00 call (169 contracts) and the $120.00 put (548 contracts).

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

CPA options chain · February 19, 2027

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
—	—	—	—	—	—	70.00	0.00	2.50	0.65	72.7%	1	5
—	—	—	—	—	—	75.00	0.00	2.65	0.75	67.0%	1	3
169	109	57.1%	47.30	53.50	57.00	80.00	0.00	2.85	1.20	61.9%	1	2
61	—	53.2%	46.90	48.70	52.10	85.00	0.15	3.10	1.15	57.8%	1	1
60	—	50.1%	40.65	44.00	47.30	90.00	0.00	0.00	1.70	12.5%	1	0
15	10	54.9%	31.40	34.80	38.10	100.00	—	—	—	—	—	—
—	—	—	—	—	—	110.00	2.20	4.40	4.70	45.0%	—	62
0	10	45.2%	21.41	22.00	25.20	115.00	2.50	6.10	5.25	45.8%	1	113
16	15	42.3%	16.50	18.40	21.20	120.00	4.40	6.70	5.66	41.3%	1	548
—	—	—	—	—	—	125.00	5.80	9.00	8.64	42.3%	1	19
4	2	41.0%	13.10	12.30	15.20	130.00	8.00	10.40	10.30	39.2%	1	128
CPA $134.23
14	3	42.2%	10.80	10.10	13.20	135.00	—	—	—	—	—	—
8	1	40.2%	10.50	7.30	10.50	140.00	—	—	—	—	—	—
7	1	40.1%	5.00	5.90	8.70	145.00	—	—	—	—	—	—
30	1	41.8%	5.20	4.50	7.70	150.00	—	—	—	—	—	—
2	1	40.5%	3.79	3.30	6.00	155.00	—	—	—	—	—	—
6	5	41.2%	3.50	1.85	5.10	160.00	—	—	—	—	—	—
4	2	43.4%	2.50	0.65	3.90	170.00	—	—	—	—	—	—
1	2	45.1%	1.74	0.25	3.60	175.00	—	—	—	—	—	—
3	1	47.1%	1.17	0.65	3.40	180.00	—	—	—	—	—	—
4	1	48.8%	1.45	0.35	3.20	185.00	—	—	—	—	—	—
1	1	51.1%	0.45	0.00	2.40	220.00	—	—	—	—	—	—
3	1	54.1%	0.35	0.00	2.30	230.00	—	—	—	—	—	—

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 CPA put/call ratio?

For the February 19, 2027 expiration, the CPA put/call ratio based on open interest is 2.16 (881 puts vs 408 calls), and 0.05 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 February 19, 2027 is about 42.2%, 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.