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: Apr 16, 2027
Days to expiration: 187
Share price: $51.83
Put/call ratio (OI): 0.78
Put/call ratio (volume): 1.94
ATM implied volatility: 44.8%
Expected move: ±$16.64
Open interest (C / P): 198 / 154

IIPR options summary

The IIPR options chain for the April 16, 2027 expiration lists 8 call and 7 put contracts, with 187 days until expiration. Open interest stands at 198 calls and 154 puts, a put/call ratio of 0.78, which is fairly balanced between calls and puts. At-the-money implied volatility near the $50.00 strike is 44.8%, which implies the market expects a move of about ±$16.64 (32.1%) in Innovative Industrial Properties stock by expiration.

The most open interest sits at the $55.00 call (53 contracts) and the $50.00 put (46 contracts).

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

IIPR options chain · April 16, 2027

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
—	—	—	—	—	—	30.00	0.10	0.85	0.50	52.4%	16	17
—	—	—	—	—	—	35.00	0.55	1.30	0.90	53.7%	2	41
—	—	—	—	—	—	40.00	1.50	2.40	1.75	51.7%	8	17
42	2	43.3%	7.60	7.90	10.00	45.00	2.70	3.90	3.70	49.2%	1	16
11	1	40.2%	5.26	4.90	6.80	50.00	5.00	6.30	5.67	49.5%	2	46
IIPR $51.83
53	3	34.3%	3.69	2.75	3.80	55.00	7.80	9.30	9.65	50.0%	2	15
30	5	37.8%	2.35	1.25	2.80	60.00	—	—	—	—	—	—
15	2	37.2%	1.02	0.75	1.70	65.00	15.00	17.40	14.85	56.7%	—	2
39	1	37.3%	0.65	0.20	1.05	70.00	—	—	—	—	—	—
7	2	40.2%	1.00	0.10	0.85	75.00	—	—	—	—	—	—
1	—	43.6%	0.50	0.00	0.75	80.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the IIPR put/call ratio based on open interest is 0.78 (154 puts vs 198 calls), and 1.94 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 April 16, 2027 is about 44.8%, 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.