Cloudflare (NET) Options Chain

NYSE: NETTechnologyComputer Software: Prepackaged SoftwareUSD

360.93+19.04 (+5.57%)

At close: Oct 9, 4:03 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 97
Share price: $360.93
Put/call ratio (OI): 0.71
Put/call ratio (volume): 3.27
ATM implied volatility: 58.8%
Expected move: ±$109.41
Open interest (C / P): 24.41K / 17.42K

NET options summary

The NET options chain for the January 15, 2027 expiration lists 72 call and 63 put contracts, with 97 days until expiration. Open interest stands at 24,405 calls and 17,419 puts, a put/call ratio of 0.71, which is fairly balanced between calls and puts. At-the-money implied volatility near the $360.00 strike is 58.8%, which implies the market expects a move of about ±$109.41 (30.3%) in Cloudflare stock by expiration.

The most open interest sits at the $290.00 call (1.85K contracts) and the $150.00 put (1.09K contracts).

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

NET options chain · January 15, 2027

NET 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
26	1	192.4%	308.35	319.45	323.45	40.00	0.00	0.00	0.03	50.0%	2	0
39	1	—	245.55	237.05	240.80	42.50	0.00	2.13	0.49	208.4%	2	36
19	2	180.5%	307.50	314.50	318.35	45.00	0.00	0.00	0.41	50.0%	1	0
3	1	—	160.75	149.65	153.75	47.50	0.00	2.13	0.20	197.1%	2	6
30	2	175.6%	307.46	309.55	313.50	50.00	0.00	2.14	0.24	192.1%	1	63
0	1	—	266.90	0.00	0.00	55.00	0.42	1.53	0.70	179.9%	1	64
31	1	164.4%	234.26	299.65	303.70	60.00	0.00	0.00	0.47	50.0%	1	0
10	1	—	179.78	215.10	218.75	65.00	0.00	2.14	0.39	166.3%	120	113
18	1	—	229.00	207.95	211.90	70.00	0.00	1.64	0.67	152.6%	10	67
6	2	152.0%	231.18	287.35	291.35	72.50	0.00	0.92	0.06	137.5%	1	27
100	1	—	119.00	120.50	124.45	75.00	0.01	0.10	0.03	106.3%	3	82
0	1	—	135.50	0.00	0.00	77.50	0.00	0.71	1.25	127.4%	1	31
139	1	145.2%	272.90	279.95	283.95	80.00	0.00	1.23	0.44	134.5%	120	189
5	1	141.7%	198.95	277.45	281.40	82.50	1.57	2.15	0.16	157.7%	30	83
111	1	—	119.86	151.05	154.35	85.00	0.00	2.16	0.25	140.8%	30	218
2	1	—	113.15	163.15	167.00	87.50	0.00	0.00	0.57	50.0%	2	0
77	2	135.2%	213.80	270.00	274.00	90.00	0.00	1.03	0.75	121.2%	1	225
0	1	—	233.50	0.00	0.00	92.50	0.00	1.02	1.15	118.8%	2	20
0	1	—	235.40	0.00	0.00	95.00	0.00	2.17	0.36	130.4%	20	205
34	1	130.4%	263.55	262.70	266.60	97.50	1.13	4.00	4.00	149.4%	1	39
216	2	127.1%	242.00	260.45	263.75	100.00	0.00	0.74	0.10	107.5%	1	540
76	1	129.9%	258.95	255.90	259.25	105.00	0.00	1.55	0.20	114.8%	100	121
236	2	121.0%	197.12	250.30	254.25	110.00	0.00	1.93	0.59	114.5%	1	287
1,735	1	118.1%	235.54	245.35	249.40	115.00	0.05	1.79	0.13	109.7%	1	77
167	1	113.3%	221.95	240.50	244.15	120.00	0.00	0.80	0.40	93.8%	2	243
568	2	113.5%	211.49	235.80	239.50	125.00	0.00	0.73	0.31	89.5%	5	89
141	1	109.1%	156.18	230.60	234.60	130.00	0.00	0.65	0.34	85.0%	5	79
565	1	106.8%	190.00	225.70	229.75	135.00	0.00	0.67	0.34	82.4%	10	327
275	1	104.5%	213.25	220.80	224.90	140.00	0.00	0.50	0.32	76.7%	4	566
26	2	—	96.67	138.30	141.90	145.00	0.00	0.73	0.48	77.6%	2	122
434	1	101.7%	208.80	211.70	214.90	150.00	0.01	0.78	0.57	75.7%	2	1,086
143	1	97.2%	123.30	206.25	210.10	155.00	0.01	0.83	0.74	73.7%	767	542
290	1	94.3%	196.08	201.50	204.95	160.00	0.01	0.70	0.95	69.6%	4	832
969	1	92.3%	191.05	196.65	200.10	165.00	0.14	0.78	0.50	69.6%	2	225
210	1	89.4%	187.19	191.60	195.20	170.00	0.19	0.85	0.65	68.3%	1	120
492	1	88.3%	189.37	186.95	190.40	175.00	0.08	1.37	0.80	69.3%	1	616
127	1	87.0%	185.60	181.95	185.90	180.00	0.31	1.35	0.94	68.3%	2	853
104	1	86.6%	178.81	177.75	180.95	185.00	0.51	1.30	1.18	66.8%	1	350
105	1	83.6%	176.05	172.35	176.35	190.00	0.48	1.56	1.36	65.8%	1	369
100	10	82.9%	155.85	168.20	171.30	195.00	0.80	1.65	1.50	65.5%	3	197
499	2	80.3%	153.42	162.85	166.75	200.00	1.10	1.99	1.74	65.9%	1	404
408	1	77.8%	157.27	153.95	157.00	210.00	1.20	2.83	3.30	64.5%	1	180
142	2	75.6%	145.00	144.85	147.75	220.00	1.68	3.45	3.30	63.0%	2	479
603	1	73.2%	129.40	135.65	138.65	230.00	2.80	4.40	4.28	63.1%	1	121
1,602	7	70.8%	123.85	126.85	129.30	240.00	3.75	5.45	4.79	62.2%	1	293
959	3	69.8%	120.50	118.05	121.20	250.00	4.95	6.85	5.47	61.6%	12	816
566	1	68.5%	100.15	109.65	112.95	260.00	6.40	7.65	6.96	59.9%	4	596
719	1	66.8%	103.35	101.20	104.75	270.00	8.25	9.65	9.08	59.7%	11	865
398	1	66.0%	79.00	93.70	96.85	280.00	10.05	11.70	10.99	58.8%	21	683
1,850	1	65.2%	91.29	86.25	89.45	290.00	12.85	14.20	13.55	58.7%	3	657
442	1	64.2%	80.80	78.95	82.30	300.00	15.15	17.05	16.10	57.9%	30	787
987	2	63.2%	74.30	72.00	75.40	310.00	18.20	20.30	20.40	57.5%	1	517
351	2	63.3%	68.50	66.50	68.95	320.00	21.80	23.75	23.25	57.0%	1	277
743	1	63.0%	62.55	60.55	63.30	330.00	25.30	27.80	27.15	56.4%	3	71
376	13	62.1%	57.00	54.65	57.40	340.00	30.15	32.35	32.82	56.6%	1	95
509	13	61.7%	51.05	49.75	51.95	350.00	35.70	37.15	36.15	56.9%	1	60
385	10	61.6%	46.65	45.10	47.20	360.00	39.55	42.75	41.00	56.0%	12	57
NET $360.93
340	6	61.3%	42.15	40.25	43.25	370.00	45.15	47.85	56.80	55.5%	26	575
968	1	60.8%	35.60	36.15	38.80	380.00	51.15	53.75	53.00	55.4%	1	734
570	2	60.5%	31.77	32.40	34.85	390.00	57.80	60.55	70.20	55.8%	5	12
267	16	60.3%	30.50	29.45	31.00	400.00	63.95	66.90	77.00	55.0%	3	24
183	7	60.0%	24.00	25.75	28.25	410.00	70.90	73.70	83.95	54.8%	6	7
38	14	59.9%	22.90	22.90	25.50	420.00	—	—	—	—	—	—
105	3	59.7%	19.20	20.25	22.85	430.00	—	—	—	—	—	—
159	1	59.9%	20.20	18.75	20.20	440.00	—	—	—	—	—	—
1,357	27	60.0%	17.90	16.70	18.25	450.00	0.00	0.00	140.00	—	—	0
103	33	59.7%	11.90	14.40	16.55	460.00	—	—	—	—	—	—
58	22	59.3%	16.70	12.55	14.65	470.00	—	—	—	—	—	—
28	12	59.7%	9.62	11.20	13.50	480.00	—	—	—	—	—	—
651	3	59.6%	11.11	10.00	11.95	490.00	—	—	—	—	—	—
265	90	59.9%	9.79	9.40	10.35	500.00	—	—	—	—	—	—
145	76	59.8%	7.81	7.15	8.45	520.00	—	—	—	—	—	—

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 NET put/call ratio?

For the January 15, 2027 expiration, the NET put/call ratio based on open interest is 0.71 (17,419 puts vs 24,405 calls), and 3.27 based on today's volume. A ratio above 1 means more puts than calls.

What is NET's implied volatility?

At-the-money implied volatility for NET options expiring January 15, 2027 is about 58.8%, an annualized estimate of how much the market expects Cloudflare stock to move.

How many NET option expiration dates are there?

NET has 17 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.