M&T Bank (MTB) Options Chain

NYSE: MTBFinanceMajor BanksUSD

217.49-0.07 (-0.03%)

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

Expiration date

Expiration: Feb 19, 2027
Days to expiration: 131
Share price: $217.49
Put/call ratio (OI): 0.46
Put/call ratio (volume): 0.15
ATM implied volatility: 28.4%
Expected move: ±$36.96
Open interest (C / P): 160 / 73

MTB options summary

The MTB options chain for the February 19, 2027 expiration lists 12 call and 10 put contracts, with 131 days until expiration. Open interest stands at 160 calls and 73 puts, a put/call ratio of 0.46, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $220.00 strike is 28.4%, which implies the market expects a move of about ±$36.96 (17.0%) in M&T Bank stock by expiration.

The most open interest sits at the $280.00 call (40 contracts) and the $140.00 put (51 contracts).

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

MTB options chain · February 19, 2027

MTB 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
—	—	—	—	—	—	125.00	0.10	2.85	1.80	59.0%	2	3
0	1	—	110.05	0.00	0.00	130.00	—	—	—	—	—	—
—	—	—	—	—	—	140.00	0.05	2.55	2.60	55.7%	2	51
—	—	—	—	—	—	145.00	0.10	3.50	3.50	57.0%	2	5
—	—	—	—	—	—	165.00	0.10	2.65	1.30	39.2%	—	3
—	—	—	—	—	—	175.00	0.00	0.00	5.87	6.3%	—	0
—	—	—	—	—	—	180.00	1.00	2.90	2.15	30.7%	1	7
—	—	—	—	—	—	185.00	1.05	3.30	2.50	28.9%	1	1
—	—	—	—	—	—	190.00	0.00	0.00	2.55	6.3%	—	0
1	1	29.5%	38.76	24.60	28.50	195.00	—	—	—	—	—	—
7	10	66.8%	49.96	36.10	39.70	210.00	7.50	10.80	8.50	27.8%	2	2
MTB $217.49
1	—	29.6%	14.67	10.60	14.30	220.00	11.60	15.50	8.79	27.1%	—	1
11	7	27.9%	6.22	3.10	6.60	240.00	—	—	—	—	—	—
28	1	26.2%	3.98	1.30	3.80	250.00	—	—	—	—	—	—
37	18	46.8%	14.50	6.60	10.60	260.00	—	—	—	—	—	—
32	10	28.9%	5.45	0.05	2.15	270.00	—	—	—	—	—	—
40	19	27.7%	0.87	0.05	1.15	280.00	—	—	—	—	—	—
0	—	12.5%	2.60	0.00	0.00	300.00	—	—	—	—	—	—
2	1	40.5%	2.35	0.05	2.05	310.00	—	—	—	—	—	—
1	—	41.9%	1.45	0.00	1.80	320.00	—	—	—	—	—	—

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 MTB put/call ratio?

For the February 19, 2027 expiration, the MTB put/call ratio based on open interest is 0.46 (73 puts vs 160 calls), and 0.15 based on today's volume. A ratio above 1 means more puts than calls.

What is MTB's implied volatility?

At-the-money implied volatility for MTB options expiring February 19, 2027 is about 28.4%, an annualized estimate of how much the market expects M&T Bank stock to move.

How many MTB option expiration dates are there?

MTB has 10 listed expiration dates, from Oct 16, 2026 to Dec 17, 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.