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 21, 2028
Days to expiration: 469
Share price: $33.68
Put/call ratio (OI): 1.10
Put/call ratio (volume): 0.46
ATM implied volatility: 44.5%
Expected move: ±$17.01
Open interest (C / P): 6.49K / 7.14K

DB options summary

The DB options chain for the January 21, 2028 expiration lists 15 call and 13 put contracts, with 469 days until expiration. Open interest stands at 6,489 calls and 7,145 puts, a put/call ratio of 1.10, which is fairly balanced between calls and puts. At-the-money implied volatility near the $33.00 strike is 44.5%, which implies the market expects a move of about ±$17.01 (50.5%) in Deutsche Bank stock by expiration.

The most open interest sits at the $42.00 call (1.68K contracts) and the $28.00 put (1.63K contracts).

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

DB options chain · January 21, 2028

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	—	—	17.73	0.00	0.00	15.00	0.35	0.65	0.35	52.0%	2	75
90	10	54.3%	16.32	14.60	15.40	20.00	0.80	1.20	0.85	47.4%	2	323
73	10	46.9%	12.50	10.70	11.40	25.00	1.70	2.25	1.75	42.5%	11	757
25	3	43.9%	10.50	8.70	9.30	28.00	2.55	4.70	2.05	52.4%	1	1,627
76	51	42.0%	7.80	7.50	8.00	30.00	3.20	3.80	3.50	38.2%	5	542
43	3	40.5%	11.59	5.90	6.40	33.00	4.50	6.90	4.20	48.6%	41	313
DB $33.68
220	50	39.2%	5.28	2.95	5.40	35.00	5.40	7.10	4.90	41.7%	1	1,221
366	30	51.8%	4.50	4.20	6.60	37.00	6.70	9.50	6.10	49.0%	17	980
1,262	765	41.3%	3.35	3.20	4.10	40.00	8.60	11.50	7.90	48.4%	8	122
1,682	21	37.3%	2.95	2.70	3.00	42.00	10.00	10.50	8.80	31.5%	20	175
1,252	1	36.7%	2.05	2.05	2.30	45.00	12.30	12.90	8.91	31.2%	1	450
566	6	36.6%	1.95	1.70	1.95	47.00	13.90	14.50	10.60	30.2%	160	560
651	1	36.3%	1.48	1.25	1.50	50.00	0.00	0.00	13.80	—	200	0
102	70	36.3%	1.45	0.75	1.00	55.00	—	—	—	—	—	—
81	3	36.1%	0.76	0.45	0.65	60.00	—	—	—	—	—	—

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 21, 2028 expiration, the DB put/call ratio based on open interest is 1.10 (7,145 puts vs 6,489 calls), and 0.46 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 21, 2028 is about 44.5%, 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.