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: Mar 19, 2027
Days to expiration: 160
Share price: $32.12
Put/call ratio (OI): 1.17
Put/call ratio (volume): 1.68
ATM implied volatility: 42.2%
Expected move: ±$8.96
Open interest (C / P): 1.84K / 2.14K

IP options summary

The IP options chain for the March 19, 2027 expiration lists 18 call and 12 put contracts, with 160 days until expiration. Open interest stands at 1,836 calls and 2,139 puts, a put/call ratio of 1.17, which is fairly balanced between calls and puts. At-the-money implied volatility near the $32.50 strike is 42.2%, which implies the market expects a move of about ±$8.96 (27.9%) in International Paper stock by expiration.

The most open interest sits at the $55.00 call (510 contracts) and the $25.00 put (755 contracts).

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

IP options chain · March 19, 2027

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
1	—	93.2%	15.12	14.40	17.30	17.50	0.00	0.50	0.20	59.6%	2	92
11	1	63.2%	14.80	11.50	12.80	20.00	0.15	0.45	0.56	50.5%	1	43
33	2	53.4%	12.66	9.30	10.40	22.50	0.40	0.80	0.65	53.9%	11	44
11	1	49.4%	7.99	7.20	8.30	25.00	0.80	1.10	1.00	47.9%	40	755
17	16	165.3%	11.87	14.00	15.70	27.50	1.35	1.70	1.55	45.1%	2	184
106	3	41.9%	7.20	3.90	4.60	30.00	2.20	2.60	2.55	43.4%	1	411
IP $32.12
70	1	40.9%	3.10	2.85	3.30	32.50	3.40	3.90	3.70	43.5%	15	457
89	1	40.1%	1.90	1.85	2.30	35.00	4.90	5.40	5.20	42.8%	5	44
110	4	40.1%	1.25	1.20	1.60	37.50	6.60	7.80	5.60	50.4%	10	31
134	2	41.6%	1.00	0.80	1.20	40.00	8.60	9.80	5.50	51.6%	2	71
322	1	41.2%	0.75	0.50	0.80	42.50	7.00	8.50	5.44	—	4	5
96	2	41.4%	0.51	0.35	0.55	45.00	13.20	14.30	13.34	56.5%	1	2
182	1	47.9%	0.70	0.25	0.65	47.50	—	—	—	—	—	—
120	3	50.9%	0.51	0.10	0.60	50.00	—	—	—	—	—	—
0	1	12.5%	1.70	0.00	0.00	52.50	—	—	—	—	—	—
510	1	50.6%	0.17	0.00	0.65	55.00	—	—	—	—	—	—
22	6	69.3%	1.02	0.60	1.00	60.00	—	—	—	—	—	—
2	10	64.5%	0.95	0.05	0.75	65.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the IP put/call ratio based on open interest is 1.17 (2,139 puts vs 1,836 calls), and 1.68 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 March 19, 2027 is about 42.2%, 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.