First Horizon (FHN) Options Chain

NYSE: FHNFinanceMajor BanksUSD

23.08-0.23 (-0.99%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $23.08
Put/call ratio (OI): 5.69
Put/call ratio (volume): 0.07
ATM implied volatility: 32.1%
Expected move: ±$8.38
Open interest (C / P): 1.44K / 8.18K

FHN options summary

The FHN options chain for the January 21, 2028 expiration lists 10 call and 10 put contracts, with 468 days until expiration. Open interest stands at 1,437 calls and 8,180 puts, a put/call ratio of 5.69, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $22.00 strike is 32.1%, which implies the market expects a move of about ±$8.38 (36.3%) in First Horizon stock by expiration.

The most open interest sits at the $15.00 call (715 contracts) and the $13.00 put (7.68K contracts).

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

FHN options chain · January 21, 2028

FHN 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
16	1	63.0%	11.90	9.00	14.00	13.00	0.10	0.50	0.30	43.4%	5	7,683
715	500	61.0%	8.43	7.90	10.10	15.00	0.05	1.95	1.15	60.0%	5	15
11	1	54.5%	7.62	5.90	7.90	18.00	0.75	1.00	0.90	31.0%	1	339
73	30	36.8%	6.30	4.70	5.30	20.00	0.00	0.00	1.25	3.1%	3	0
69	10	34.9%	3.70	3.50	4.10	22.00	1.90	2.45	1.85	29.2%	3	93
FHN $23.08
273	40	32.2%	2.50	2.00	2.60	25.00	0.00	0.00	2.65	—	3	0
154	50	41.5%	1.65	1.35	2.95	27.00	2.95	7.50	4.90	47.6%	2	4
54	10	30.9%	0.91	0.75	1.20	30.00	4.50	9.50	6.90	45.3%	10	40
30	1	30.4%	1.10	0.35	0.85	32.00	6.70	10.60	9.50	40.1%	12	5
42	5	37.1%	0.53	0.05	1.00	35.00	11.40	14.50	9.80	54.9%	—	1

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 FHN put/call ratio?

For the January 21, 2028 expiration, the FHN put/call ratio based on open interest is 5.69 (8,180 puts vs 1,437 calls), and 0.07 based on today's volume. A ratio above 1 means more puts than calls.

What is FHN's implied volatility?

At-the-money implied volatility for FHN options expiring January 21, 2028 is about 32.1%, an annualized estimate of how much the market expects First Horizon stock to move.

How many FHN option expiration dates are there?

FHN has 7 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.