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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $51.83
Put/call ratio (OI): 0.92
Put/call ratio (volume): 0.28
ATM implied volatility: 43.7%
Expected move: ±$9.78
Open interest (C / P): 2.79K / 2.57K

IIPR options summary

The IIPR options chain for the December 18, 2026 expiration lists 14 call and 12 put contracts, with 68 days until expiration. Open interest stands at 2,790 calls and 2,569 puts, a put/call ratio of 0.92, which is fairly balanced between calls and puts. At-the-money implied volatility near the $50.00 strike is 43.7%, which implies the market expects a move of about ±$9.78 (18.9%) in Innovative Industrial Properties stock by expiration.

The most open interest sits at the $60.00 call (974 contracts) and the $30.00 put (1.06K contracts).

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

IIPR options chain · December 18, 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
5	40	81.6%	24.57	20.20	24.20	30.00	0.00	0.20	0.10	63.9%	8	1,056
14	16	73.7%	15.50	16.40	18.70	35.00	0.00	0.75	0.15	62.2%	1	164
6	2	59.4%	11.45	11.70	13.90	40.00	0.10	0.75	0.42	54.6%	4	164
21	105	59.3%	9.90	7.70	9.10	45.00	0.35	0.95	0.80	39.4%	13	322
215	10	50.2%	3.17	4.10	5.40	50.00	1.95	2.45	2.10	37.2%	10	501
IIPR $51.83
285	19	43.1%	1.90	1.20	2.60	55.00	4.10	5.20	4.80	36.5%	9	156
974	17	39.5%	0.75	0.35	1.05	60.00	7.60	9.00	8.96	36.2%	3	150
606	8	37.4%	0.25	0.20	0.35	65.00	11.80	14.10	14.60	49.4%	1	10
317	5	38.8%	0.10	0.05	0.15	70.00	16.10	20.20	18.00	77.2%	2	2
110	6	54.5%	0.09	0.00	0.75	75.00	17.80	20.50	23.58	—	2	5
137	2	61.4%	0.10	0.00	0.75	80.00	0.00	0.00	32.60	—	2	0
83	1	67.8%	0.05	0.00	0.75	85.00	33.30	36.10	37.87	95.1%	10	39
16	2	73.7%	0.05	0.00	0.75	90.00	—	—	—	—	—	—
1	1	99.7%	0.11	0.00	2.20	95.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the IIPR put/call ratio based on open interest is 0.92 (2,569 puts vs 2,790 calls), and 0.28 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 December 18, 2026 is about 43.7%, 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.