Polaris (PII) Options Chain

NYSE: PIIConsumer DiscretionaryIndustrial SpecialtiesUSD

51.60-1.21 (-2.29%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $51.60
Put/call ratio (OI): 1.12
Put/call ratio (volume): 5.09
ATM implied volatility: 53.5%
Expected move: ±$31.27
Open interest (C / P): 549 / 613

PII options summary

The PII options chain for the January 21, 2028 expiration lists 17 call and 15 put contracts, with 468 days until expiration. Open interest stands at 549 calls and 613 puts, a put/call ratio of 1.12, which is fairly balanced between calls and puts. At-the-money implied volatility near the $50.00 strike is 53.5%, which implies the market expects a move of about ±$31.27 (60.6%) in Polaris stock by expiration.

The most open interest sits at the $65.00 call (130 contracts) and the $35.00 put (260 contracts).

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

PII options chain · January 21, 2028

PII 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
0	9	—	34.50	0.00	0.00	30.00	0.40	3.10	2.30	59.8%	1	32
13	4	121.0%	40.09	28.50	33.50	35.00	1.60	5.10	2.00	60.9%	234	260
0	9	—	22.05	0.00	0.00	40.00	3.50	6.80	5.40	57.8%	5	36
25	10	50.6%	15.34	12.00	17.00	45.00	5.90	9.60	7.86	59.0%	1	23
42	9	50.9%	15.54	10.20	14.50	50.00	8.50	11.90	10.76	56.2%	1	15
PII $51.60
16	1	50.4%	10.42	8.60	12.10	55.00	11.60	15.10	13.53	56.3%	1	47
47	4	52.7%	9.40	7.20	11.40	60.00	14.50	18.40	16.40	55.7%	2	39
130	1	50.7%	8.17	5.00	10.00	65.00	17.50	22.50	19.30	57.6%	6	68
91	1	50.4%	7.50	4.10	8.50	70.00	14.00	19.00	17.70	20.4%	1	11
30	1	60.0%	5.31	3.00	7.50	75.00	19.50	24.50	25.58	27.7%	2	6
116	2	58.5%	4.66	2.30	6.30	80.00	32.50	37.50	27.30	59.9%	17	20
12	1	89.0%	12.28	10.00	15.00	85.00	—	—	—	—	—	—
3	—	54.5%	5.75	0.90	4.10	90.00	30.50	34.60	29.70	—	2	46
4	1	56.2%	2.50	0.50	3.90	95.00	0.00	0.00	33.50	—	5	0
3	2	50.1%	4.62	0.10	2.40	100.00	0.00	0.00	37.30	—	7	0
17	1	65.3%	6.90	3.00	6.40	105.00	41.00	46.00	44.20	—	—	10
0	—	12.5%	5.30	0.00	0.00	110.00	—	—	—	—	—	—

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 PII put/call ratio?

For the January 21, 2028 expiration, the PII put/call ratio based on open interest is 1.12 (613 puts vs 549 calls), and 5.09 based on today's volume. A ratio above 1 means more puts than calls.

What is PII's implied volatility?

At-the-money implied volatility for PII options expiring January 21, 2028 is about 53.5%, an annualized estimate of how much the market expects Polaris stock to move.

How many PII option expiration dates are there?

PII 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.