Deutsche Bank (DB) Options Chain

NYSE: DBFinanceMajor BanksUSD

33.68+0.05 (+0.15%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 97
Share price: $33.68
Put/call ratio (OI): 0.71
Put/call ratio (volume): 0.35
ATM implied volatility: 35.4%
Expected move: ±$6.14
Open interest (C / P): 27.94K / 19.92K

DB options summary

The DB options chain for the January 15, 2027 expiration lists 29 call and 28 put contracts, with 97 days until expiration. Open interest stands at 27,937 calls and 19,922 puts, a put/call ratio of 0.71, which is fairly balanced between calls and puts. At-the-money implied volatility near the $34.00 strike is 35.4%, which implies the market expects a move of about ±$6.14 (18.2%) in Deutsche Bank stock by expiration.

The most open interest sits at the $45.00 call (8.40K contracts) and the $30.00 put (2.93K contracts).

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

DB options chain · January 15, 2027

DB 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
0	3	—	24.77	22.00	27.00	3.00	0.00	0.25	0.07	246.9%	2	434
0	2	—	22.75	20.50	25.50	5.00	0.00	0.10	0.05	167.2%	10	258
0	21	—	25.10	0.00	0.00	8.00	0.00	0.00	0.06	50.0%	1	0
0	4	—	28.53	0.00	0.00	10.00	0.00	0.05	0.05	97.7%	46	424
0	1	—	19.28	0.00	0.00	13.00	0.00	0.15	0.06	90.6%	50	1,485
151	5	108.9%	18.90	18.90	19.30	15.00	0.05	0.15	0.10	81.6%	2	706
0	20	—	15.83	0.00	0.00	17.00	0.00	0.10	0.07	62.9%	2	1,720
253	8	75.2%	13.99	13.80	14.40	20.00	0.05	0.40	0.12	64.8%	1	657
348	1	65.9%	11.75	11.80	12.50	22.00	0.10	0.95	0.14	68.1%	1	206
4	4	167.6%	12.36	14.90	15.50	24.00	0.25	2.70	0.64	82.9%	6	22
0	2	—	13.65	0.00	0.00	25.00	0.20	0.40	0.26	47.9%	1	1,469
2	1	52.2%	9.90	8.10	8.70	26.00	0.25	0.40	0.35	43.1%	1	12
219	4	56.1%	8.54	7.20	7.80	27.00	0.35	0.50	0.45	41.2%	10	1,307
27	21	52.3%	7.60	6.40	6.90	28.00	0.50	0.60	0.60	38.9%	2	465
0	—	—	10.30	0.00	0.00	29.00	0.65	0.80	0.70	38.2%	1	49
896	3	44.1%	7.18	4.80	5.10	30.00	0.85	1.00	1.10	36.6%	10	2,928
8	1	44.5%	9.39	4.10	4.50	31.00	1.15	1.25	1.20	35.3%	1	1,076
1,244	2	41.0%	4.85	3.50	3.70	32.00	1.45	1.60	1.75	34.6%	22	1,546
64	25	39.9%	2.78	2.90	3.10	33.00	1.85	2.00	1.95	33.8%	1	1,083
DB $33.68
26	8	38.0%	2.47	2.40	2.50	34.00	2.30	2.45	2.40	32.7%	13	361
1,664	431	36.8%	2.00	1.95	2.00	35.00	2.80	3.00	3.10	32.1%	17	2,350
382	4	36.9%	1.55	1.55	1.65	36.00	3.40	3.60	3.80	31.3%	1	200
379	3	36.1%	1.30	1.20	1.30	37.00	4.00	4.30	3.50	31.1%	2	12
252	110	36.2%	1.00	0.90	1.05	38.00	4.80	5.10	5.27	31.5%	10	365
2,311	4	35.5%	0.72	0.70	0.80	39.00	5.60	6.00	4.97	33.2%	1	141
8,121	28	35.8%	0.60	0.55	0.65	40.00	6.30	6.80	4.60	32.2%	5	637
8,403	4	44.6%	0.35	0.10	0.45	45.00	11.00	12.40	5.00	58.9%	37	7
1,049	5	53.8%	0.10	0.00	0.80	50.00	11.60	15.90	12.02	—	1	2
2,134	3	54.4%	0.10	0.00	0.40	55.00	—	—	—	—	—	—

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 DB put/call ratio?

For the January 15, 2027 expiration, the DB put/call ratio based on open interest is 0.71 (19,922 puts vs 27,937 calls), and 0.35 based on today's volume. A ratio above 1 means more puts than calls.

What is DB's implied volatility?

At-the-money implied volatility for DB options expiring January 15, 2027 is about 35.4%, an annualized estimate of how much the market expects Deutsche Bank stock to move.

How many DB option expiration dates are there?

DB has 6 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.