MediaAlpha (MAX) Options Chain
NYSE: MAXConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 41
- Share price
- $10.09
- Put/call ratio (OI)
- 0.42
- Put/call ratio (volume)
- 0.41
- Expected move
- ±$2.18
- Open interest (C / P)
- 2.21K / 919
MAX options summary
The MAX options chain for the November 20, 2026 expiration lists 8 call and 5 put contracts, with 41 days until expiration. Open interest stands at 2,210 calls and 919 puts, a put/call ratio of 0.42, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $10.00 strike is 64.4%, which implies the market expects a move of about ±$2.18 (21.6%) in MediaAlpha stock by expiration.
The most open interest sits at the $15.00 call (1.00K contracts) and the $10.00 put (483 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
MAX options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 6.90 | 9.50 | 13.10 | 2.50 | — | — | — | |||||
| — | — | — | 5.00 | 0.00 | 1.15 | 0.30 | |||||
| 3.50 | 3.90 | 7.30 | 7.50 | 0.00 | 0.75 | 0.21 | |||||
| 0.72 | 0.80 | 1.10 | 10.00 | 0.65 | 0.95 | 1.00 | |||||
| 0.35 | 0.15 | 0.50 | 12.50 | 2.00 | 2.80 | 2.00 | |||||
| 0.57 | 0.00 | 0.75 | 15.00 | 4.10 | 5.20 | 4.74 | |||||
| 0.94 | 0.00 | 0.75 | 17.50 | — | — | — | |||||
| 0.24 | 0.00 | 0.75 | 20.00 | — | — | — | |||||
| 0.15 | 0.00 | 1.15 | 25.00 | — | — | — | |||||
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 MAX put/call ratio?
For the November 20, 2026 expiration, the MAX put/call ratio based on open interest is 0.42 (919 puts vs 2,210 calls), and 0.41 based on today's volume. A ratio above 1 means more puts than calls.
What is MAX's implied volatility?
At-the-money implied volatility for MAX options expiring November 20, 2026 is about 64.4%, an annualized estimate of how much the market expects MediaAlpha stock to move.
How many MAX option expiration dates are there?
MAX has 4 listed expiration dates, from Oct 16, 2026 to May 21, 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.