Innovative Industrial Properties (IIPR) Options Chain

NYSE: IIPRFinanceReal EstateUSD

51.83-0.09 (-0.17%)

At close: Oct 9, 4:02 PM ET · Delayed 15 min

After hours: 51.83 +0.04%

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 7
Share price: $51.83
Put/call ratio (OI): 2.80
Put/call ratio (volume): 40.93
ATM implied volatility: 39.2%
Expected move: ±$2.81
Open interest (C / P): 2.22K / 6.21K

IIPR options summary

The IIPR options chain for the October 16, 2026 expiration lists 13 call and 11 put contracts, with 7 days until expiration. Open interest stands at 2,222 calls and 6,214 puts, a put/call ratio of 2.80, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $50.00 strike is 39.2%, which implies the market expects a move of about ±$2.81 (5.4%) in Innovative Industrial Properties stock by expiration.

The most open interest sits at the $75.00 call (779 contracts) and the $30.00 put (4.03K contracts).

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

IIPR options chain · October 16, 2026

IIPR 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
—	—	—	—	—	—	25.00	0.00	2.15	0.05	398.6%	2	8
0	50	577.4%	33.00	24.90	28.90	30.00	0.00	0.20	0.10	187.5%	3	4,033
1	—	472.0%	28.50	20.00	24.00	35.00	0.00	0.75	0.05	182.8%	1	13
0	—	—	11.50	0.00	0.00	40.00	0.00	0.75	0.05	131.4%	3	224
2	33	86.4%	9.60	6.50	8.00	45.00	0.00	0.75	0.05	83.5%	1	577
48	9	44.6%	2.47	1.80	2.45	50.00	0.20	0.35	0.29	33.7%	7	472
IIPR $51.83
557	1	33.6%	0.05	0.05	0.15	55.00	2.90	3.70	3.47	52.4%	12	883
503	14	52.3%	0.02	0.00	0.05	60.00	7.00	8.70	9.10	91.1%	1	0
193	2	96.5%	0.04	0.00	0.40	65.00	11.80	14.00	11.50	139.8%	2	0
133	10	101.2%	0.28	0.00	0.15	70.00	16.60	19.10	17.26	174.2%	5,000	0
779	1	160.0%	0.06	0.00	0.75	75.00	17.60	21.60	17.30	—	2	4
0	2	50.0%	0.05	0.00	0.00	80.00	—	—	—	—	—	—
5	1	221.9%	0.04	0.00	1.25	85.00	—	—	—	—	—	—
1	—	146.1%	0.05	0.00	0.05	90.00	—	—	—	—	—	—

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 IIPR put/call ratio?

For the October 16, 2026 expiration, the IIPR put/call ratio based on open interest is 2.80 (6,214 puts vs 2,222 calls), and 40.93 based on today's volume. A ratio above 1 means more puts than calls.

What is IIPR's implied volatility?

At-the-money implied volatility for IIPR options expiring October 16, 2026 is about 39.2%, an annualized estimate of how much the market expects Innovative Industrial Properties stock to move.

How many IIPR option expiration dates are there?

IIPR has 6 listed expiration dates, from Oct 16, 2026 to Jun 17, 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.