Flagstar Bank N.A. (FLG) Options Chain

NYSE: FLGFinanceBanksUSD

11.32-0.03 (-0.26%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $11.32
Put/call ratio (OI): 2.04
Put/call ratio (volume): 2.91
ATM implied volatility: 33.5%
Expected move: ±$4.30
Open interest (C / P): 11.90K / 24.24K

FLG options summary

The FLG options chain for the January 21, 2028 expiration lists 10 call and 10 put contracts, with 468 days until expiration. Open interest stands at 11,898 calls and 24,237 puts, a put/call ratio of 2.04, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $12.00 strike is 33.5%, which implies the market expects a move of about ±$4.30 (38.0%) in Flagstar Bank N.A. stock by expiration.

The most open interest sits at the $15.00 call (2.70K contracts) and the $10.00 put (11.14K contracts).

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

FLG options chain · January 21, 2028

FLG 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
15	2	98.0%	9.30	7.20	10.10	3.00	0.00	0.20	0.10	72.5%	100	1,158
1,088	25	74.4%	8.00	5.40	8.30	5.00	0.00	0.00	0.35	12.5%	75	0
195	5	54.6%	3.30	3.00	5.70	8.00	0.00	0.00	0.25	6.3%	40	0
2,249	2	50.2%	2.78	2.55	3.10	10.00	0.75	0.95	0.90	31.8%	5	11,143
FLG $11.32
1,342	70	39.7%	1.70	1.50	1.75	12.00	0.60	1.80	1.70	27.4%	131	6,822
2,702	10	37.9%	0.70	0.65	0.85	15.00	3.50	5.10	4.00	49.7%	3	5,113
2,672	10	35.5%	0.40	0.30	0.45	17.00	0.00	0.00	4.61	—	20	0
1,612	1	38.9%	0.20	0.15	0.30	20.00	5.50	7.60	5.95	—	—	1
0	1	12.5%	0.30	0.00	0.00	22.00	0.00	0.00	8.14	—	2	0
23	3	76.6%	0.20	0.05	2.65	25.00	0.00	0.00	10.80	—	—	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 FLG put/call ratio?

For the January 21, 2028 expiration, the FLG put/call ratio based on open interest is 2.04 (24,237 puts vs 11,898 calls), and 2.91 based on today's volume. A ratio above 1 means more puts than calls.

What is FLG's implied volatility?

At-the-money implied volatility for FLG options expiring January 21, 2028 is about 33.5%, an annualized estimate of how much the market expects Flagstar Bank N.A. stock to move.

How many FLG option expiration dates are there?

FLG has 8 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.