Leonardo DRS (DRS) Options Chain

NASDAQ: DRSIndustrialsIndustrial Machinery/ComponentsUSD

36.24+0.37 (+1.03%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $36.24
Put/call ratio (OI): 0.20
Put/call ratio (volume): 0.64
ATM implied volatility: 50.2%
Expected move: ±$6.03
Open interest (C / P): 276 / 55

DRS options summary

The DRS options chain for the November 20, 2026 expiration lists 11 call and 8 put contracts, with 40 days until expiration. Open interest stands at 276 calls and 55 puts, a put/call ratio of 0.20, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $36.00 strike is 50.2%, which implies the market expects a move of about ±$6.03 (16.6%) in Leonardo DRS stock by expiration.

The most open interest sits at the $40.00 call (174 contracts) and the $35.00 put (16 contracts).

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

DRS options chain · November 20, 2026

DRS 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
5	—	59.8%	8.00	6.00	7.70	30.00	—	—	—	—	—	—
—	—	—	—	—	—	32.00	0.40	1.05	0.65	58.2%	1	2
7	1	56.1%	2.70	2.95	3.90	34.00	0.80	1.70	1.15	57.0%	4	5
—	—	—	—	—	—	35.00	0.90	2.00	1.65	54.1%	1	16
11	2	47.2%	2.30	2.00	2.40	36.00	1.30	2.45	1.96	53.3%	7	11
DRS $36.24
6	—	56.5%	2.15	1.15	2.40	37.00	1.80	3.10	2.45	55.3%	1	3
—	—	—	1.25	—	—	38.00	2.20	3.70	2.85	55.1%	1	3
19	12	52.9%	1.10	0.60	1.50	39.00	—	—	—	—	—	—
174	2	47.8%	0.70	0.55	1.00	40.00	3.70	5.20	4.85	58.0%	3	14
9	3	47.0%	0.70	0.35	0.75	41.00	4.50	6.20	5.10	63.9%	—	1
1	—	57.3%	1.10	0.20	0.95	42.00	—	—	—	—	—	—
17	6	56.6%	0.51	0.05	0.75	43.00	—	—	—	—	—	—
27	2	51.6%	0.55	0.05	0.65	45.00	—	—	—	—	—	—

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 DRS put/call ratio?

For the November 20, 2026 expiration, the DRS put/call ratio based on open interest is 0.20 (55 puts vs 276 calls), and 0.64 based on today's volume. A ratio above 1 means more puts than calls.

What is DRS's implied volatility?

At-the-money implied volatility for DRS options expiring November 20, 2026 is about 50.2%, an annualized estimate of how much the market expects Leonardo DRS stock to move.

How many DRS option expiration dates are there?

DRS has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 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.