Intrepid Potash (IPI) Options Chain

NYSE: IPIIndustrialsMining & Quarrying of Nonmetallic Minerals (No Fuels)USD

32.51-0.54 (-1.63%)

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

Expiration date

Expiration: Mar 19, 2027
Days to expiration: 160
Share price: $32.51
Put/call ratio (OI): 0.46
Put/call ratio (volume): 0.55
ATM implied volatility: 52.1%
Expected move: ±$11.21
Open interest (C / P): 539 / 246

IPI options summary

The IPI options chain for the March 19, 2027 expiration lists 20 call and 14 put contracts, with 160 days until expiration. Open interest stands at 539 calls and 246 puts, a put/call ratio of 0.46, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $33.00 strike is 52.1%, which implies the market expects a move of about ±$11.21 (34.5%) in Intrepid Potash stock by expiration.

The most open interest sits at the $50.00 call (151 contracts) and the $25.00 put (48 contracts).

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

IPI options chain · March 19, 2027

IPI 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	1	72.6%	16.49	11.90	15.10	20.00	0.05	0.80	0.30	56.1%	2	3
—	—	—	—	—	—	25.00	0.55	1.70	1.05	59.7%	1	48
1	—	64.4%	13.60	7.20	9.30	27.00	—	—	—	—	—	—
9	—	61.9%	12.52	6.50	8.50	28.00	1.55	2.25	1.75	51.7%	—	12
0	—	—	11.90	0.00	0.00	29.00	1.20	3.30	2.10	60.0%	10	11
—	—	—	—	—	—	30.00	2.00	3.30	2.66	54.0%	16	32
20	—	119.9%	8.55	9.20	12.00	31.00	2.10	3.70	3.44	52.8%	25	41
—	—	—	—	—	—	32.00	2.50	4.90	2.80	60.7%	—	16
IPI $32.51
5	2	52.6%	5.20	3.00	5.60	33.00	3.00	4.70	4.00	51.5%	1	41
7	1	57.2%	3.99	3.20	5.40	34.00	3.50	6.10	3.35	60.8%	6	6
71	63	53.3%	3.59	3.00	4.20	35.00	4.20	6.00	3.90	52.3%	1	15
6	1	54.6%	6.40	2.65	4.10	36.00	—	—	—	—	—	—
—	—	—	—	—	—	37.00	5.30	7.40	5.10	52.8%	—	10
10	1	51.5%	3.80	1.75	3.30	38.00	6.60	8.00	5.60	51.3%	6	10
6	2	53.7%	2.75	1.80	3.10	39.00	0.00	0.00	6.15	—	1	0
69	1	55.7%	2.85	1.65	3.10	40.00	—	—	—	—	—	—
2	2	55.9%	2.30	1.55	2.80	41.00	—	—	—	—	—	—
6	2	54.9%	2.10	1.40	2.40	42.00	9.00	11.20	7.00	52.4%	—	1
2	1	56.7%	5.98	1.25	2.45	43.00	—	—	—	—	—	—
3	1	56.9%	1.95	1.10	2.30	44.00	—	—	—	—	—	—
117	12	57.0%	1.80	0.90	2.20	45.00	—	—	—	—	—	—
151	1	57.3%	1.00	0.30	1.65	50.00	—	—	—	—	—	—
10	1	60.0%	0.70	0.45	1.00	55.00	—	—	—	—	—	—
43	34	59.5%	1.25	0.00	0.90	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 IPI put/call ratio?

For the March 19, 2027 expiration, the IPI put/call ratio based on open interest is 0.46 (246 puts vs 539 calls), and 0.55 based on today's volume. A ratio above 1 means more puts than calls.

What is IPI's implied volatility?

At-the-money implied volatility for IPI options expiring March 19, 2027 is about 52.1%, an annualized estimate of how much the market expects Intrepid Potash stock to move.

How many IPI option expiration dates are there?

IPI has 4 listed expiration dates, from Oct 16, 2026 to Mar 19, 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.