MediaAlpha (MAX) Options Chain

NYSE: MAXConsumer DiscretionaryBusiness ServicesUSD

10.09-0.59 (-5.52%)

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

Expiration date

Expiration: Feb 19, 2027
Days to expiration: 132
Share price: $10.09
Put/call ratio (OI): 0.02
Put/call ratio (volume): 0.14
ATM implied volatility: 65.5%
Expected move: ±$3.98
Open interest (C / P): 5.71K / 101

MAX options summary

The MAX options chain for the February 19, 2027 expiration lists 9 call and 4 put contracts, with 132 days until expiration. Open interest stands at 5,706 calls and 101 puts, a put/call ratio of 0.02, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $10.00 strike is 65.5%, which implies the market expects a move of about ±$3.98 (39.4%) in MediaAlpha stock by expiration.

The most open interest sits at the $17.50 call (2.34K contracts) and the $2.50 put (83 contracts).

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

MAX options chain · February 19, 2027

MAX 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
—	—	—	—	—	—	2.50	0.00	0.75	0.05	208.6%	67	83
11	1	131.8%	4.94	5.00	6.30	5.00	—	—	—	—	—	—
2	2	174.3%	3.14	4.40	5.50	7.50	0.00	0.75	0.45	60.8%	—	8
1	—	76.3%	1.42	1.30	2.45	10.00	0.95	1.60	1.53	54.8%	1	8
MAX $10.09
1,050	2	61.6%	0.50	0.05	1.40	12.50	2.10	3.20	2.80	64.5%	1	2
2,298	2	64.2%	0.65	0.00	0.75	15.00	—	—	—	—	—	—
2,337	500	78.5%	0.71	0.00	0.75	17.50	—	—	—	—	—	—
1	—	131.2%	1.00	0.00	2.30	20.00	—	—	—	—	—	—
1	—	139.8%	0.75	0.00	2.20	22.50	—	—	—	—	—	—
5	—	149.1%	0.35	0.00	2.20	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 February 19, 2027 expiration, the MAX put/call ratio based on open interest is 0.02 (101 puts vs 5,706 calls), and 0.14 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 February 19, 2027 is about 65.5%, 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.