Phathom Pharmaceuticals (PHAT) Options Chain
NASDAQ: PHATHealth CareBiotechnology: Pharmaceutical PreparationsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Feb 19, 2027
- Days to expiration
- 131
- Share price
- $7.25
- Put/call ratio (OI)
- 0.14
- Put/call ratio (volume)
- 0.46
- ATM implied volatility
- 138.0%
- Expected move
- ±$5.99
- Open interest (C / P)
- 145 / 21
PHAT options summary
The PHAT options chain for the February 19, 2027 expiration lists 6 call and 2 put contracts, with 131 days until expiration. Open interest stands at 145 calls and 21 puts, a put/call ratio of 0.14, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $7.50 strike is 138.0%, which implies the market expects a move of about ±$5.99 (82.7%) in Phathom Pharmaceuticals stock by expiration.
The most open interest sits at the $12.50 call (110 contracts) and the $7.50 put (14 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
PHAT options chain · February 19, 2027
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 4.25 | 2.50 | 7.00 | 5.00 | — | — | — | |||||
| — | — | — | 7.50 | 0.10 | 4.90 | 2.04 | |||||
| 2.05 | 0.00 | 4.90 | 10.00 | 1.40 | 6.00 | 4.40 | |||||
| 1.40 | 0.00 | 4.90 | 12.50 | — | — | — | |||||
| 1.00 | 0.00 | 0.00 | 15.00 | — | — | — | |||||
| 1.65 | 0.00 | 4.90 | 17.50 | — | — | — | |||||
| 0.40 | 0.00 | 0.50 | 20.00 | — | — | — | |||||
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 PHAT put/call ratio?
For the February 19, 2027 expiration, the PHAT put/call ratio based on open interest is 0.14 (21 puts vs 145 calls), and 0.46 based on today's volume. A ratio above 1 means more puts than calls.
What is PHAT's implied volatility?
At-the-money implied volatility for PHAT options expiring February 19, 2027 is about 138.0%, an annualized estimate of how much the market expects Phathom Pharmaceuticals stock to move.
How many PHAT option expiration dates are there?
PHAT has 6 listed expiration dates, from Oct 16, 2026 to Jan 21, 2028.
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.