Dow (DOW) Options Chain

NYSE: DOWIndustrialsMajor ChemicalsUSD

28.42-0.17 (-0.59%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $28.42
Put/call ratio (OI): 1.26
Put/call ratio (volume): 0.42
ATM implied volatility: 42.0%
Expected move: ±$6.13
Open interest (C / P): 64.81K / 81.47K

DOW options summary

The DOW options chain for the January 15, 2027 expiration lists 25 call and 25 put contracts, with 96 days until expiration. Open interest stands at 64,815 calls and 81,465 puts, a put/call ratio of 1.26, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $27.50 strike is 42.0%, which implies the market expects a move of about ±$6.13 (21.6%) in Dow stock by expiration.

The most open interest sits at the $40.00 call (12.10K contracts) and the $12.50 put (16.84K contracts).

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

DOW options chain · January 15, 2027

DOW 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
29	9	134.7%	17.38	15.15	18.15	12.50	0.00	0.01	0.06	57.8%	1	16,845
123	16	69.0%	16.52	12.25	14.80	15.00	0.00	0.09	0.06	60.2%	4	1,960
305	1	76.4%	10.65	10.60	12.15	17.50	0.03	0.12	0.12	51.2%	10	10,222
1,967	6	61.4%	8.75	8.55	9.30	20.00	0.10	0.26	0.13	50.9%	7	6,763
1,217	1	55.2%	5.75	6.25	6.75	22.50	0.28	0.41	0.42	42.7%	1	10,742
3,806	2	45.2%	4.55	4.25	4.55	25.00	0.77	0.93	0.85	40.9%	30	8,445
1,651	32	43.1%	2.82	2.65	2.96	27.50	1.52	1.92	1.66	41.0%	4	2,696
DOW $28.42
3,077	116	42.1%	1.70	1.46	1.81	30.00	2.85	3.25	3.07	39.6%	5	7,930
3,991	1	46.0%	0.95	0.54	1.28	32.50	4.60	5.05	4.82	40.0%	3	2,943
6,724	14	40.5%	0.55	0.47	0.55	35.00	6.55	7.20	7.71	42.3%	14	6,809
3,283	2	43.9%	0.28	0.10	0.39	37.50	8.80	9.50	9.25	44.8%	1	3,050
12,098	5	43.6%	0.16	0.10	0.21	40.00	11.20	12.65	12.05	69.1%	3	1,886
1,933	10	47.1%	0.10	0.04	0.17	42.50	13.55	15.10	13.80	50.9%	1	366
7,625	4	48.0%	0.05	0.04	0.11	45.00	15.65	18.60	17.15	67.8%	5	109
1,801	5	53.3%	0.05	0.00	0.12	47.50	17.90	19.85	19.50	80.3%	2	295
3,864	1	46.9%	0.02	0.01	0.03	50.00	18.55	19.20	22.40	—	1	380
817	3	53.9%	0.03	0.00	0.10	52.50	20.50	22.05	24.60	—	1	6
1,021	14	56.3%	0.03	0.00	0.09	55.00	0.00	0.00	15.87	—	1	0
1,736	1	70.5%	0.01	0.00	0.29	57.50	34.35	34.75	29.00	196.2%	5	17
3,561	1	61.3%	0.01	0.00	0.08	60.00	0.00	0.00	26.60	—	2	0
574	1	64.1%	0.09	0.00	0.08	62.50	30.20	31.75	33.50	—	1	0
295	1	65.6%	0.03	0.00	0.07	65.00	32.80	34.65	36.15	—	1	0
567	1	71.9%	0.07	0.01	0.07	70.00	34.60	37.90	33.50	—	1	1
1,700	1	88.7%	0.04	0.00	0.25	75.00	51.00	55.50	50.65	246.1%	—	0
1,050	1	93.2%	0.05	0.00	0.25	80.00	56.80	57.40	52.85	232.8%	—	0

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 DOW put/call ratio?

For the January 15, 2027 expiration, the DOW put/call ratio based on open interest is 1.26 (81,465 puts vs 64,815 calls), and 0.42 based on today's volume. A ratio above 1 means more puts than calls.

What is DOW's implied volatility?

At-the-money implied volatility for DOW options expiring January 15, 2027 is about 42.0%, an annualized estimate of how much the market expects Dow stock to move.

How many DOW option expiration dates are there?

DOW has 13 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.