International Paper (IP) Options Chain

32.12+0.24 (+0.75%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 41
Share price: $32.12
Put/call ratio (OI): 0.43
Put/call ratio (volume): 0.65
ATM implied volatility: 48.0%
Expected move: ±$5.16
Open interest (C / P): 2.92K / 1.26K

IP options summary

The IP options chain for the November 20, 2026 expiration lists 11 call and 9 put contracts, with 41 days until expiration. Open interest stands at 2,915 calls and 1,260 puts, a put/call ratio of 0.43, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $32.50 strike is 48.0%, which implies the market expects a move of about ±$5.16 (16.1%) in International Paper stock by expiration.

The most open interest sits at the $50.00 call (885 contracts) and the $30.00 put (305 contracts).

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

IP options chain · November 20, 2026

IP 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	0.05	0.35	0.25	53.7%	3	24
—	—	—	—	—	—	27.50	0.40	0.60	0.47	50.3%	51	122
3	1	49.3%	3.10	2.95	3.30	30.00	1.00	1.20	1.10	49.9%	7	305
IP $32.12
145	56	46.6%	1.85	1.60	1.85	32.50	2.10	2.35	2.10	49.3%	28	257
294	1	43.3%	0.70	0.55	0.85	35.00	3.60	4.10	3.78	52.7%	4	237
405	16	47.5%	0.39	0.25	0.50	37.50	5.70	6.70	6.55	57.5%	1	183
705	12	53.2%	0.20	0.10	0.35	40.00	8.00	9.00	8.35	63.6%	1	126
287	53	51.6%	0.10	0.05	0.25	42.50	10.20	11.60	4.00	70.4%	1	1
96	1	52.3%	0.09	0.00	0.15	45.00	12.70	14.10	9.44	79.7%	3	5
93	1	74.0%	0.08	0.00	0.50	47.50	—	—	—	—	—	—
885	10	55.9%	0.24	0.00	0.05	50.00	—	—	—	—	—	—
2	1	92.0%	0.30	0.00	0.45	55.00	—	—	—	—	—	—
0	—	50.0%	0.30	0.00	0.00	60.00	—	—	—	—	—	—

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 IP put/call ratio?

For the November 20, 2026 expiration, the IP put/call ratio based on open interest is 0.43 (1,260 puts vs 2,915 calls), and 0.65 based on today's volume. A ratio above 1 means more puts than calls.

What is IP's implied volatility?

At-the-money implied volatility for IP options expiring November 20, 2026 is about 48.0%, an annualized estimate of how much the market expects International Paper stock to move.

How many IP option expiration dates are there?

IP has 14 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.