Piper Sandler Companies (PIPR) Options Chain

NYSE: PIPRFinanceInvestment Bankers/Brokers/ServiceUSD

65.28+0.90 (+1.40%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $65.28
Put/call ratio (OI): 1.24
Put/call ratio (volume): 0.33
ATM implied volatility: 55.9%
Expected move: ±$15.74
Open interest (C / P): 190 / 236

PIPR options summary

The PIPR options chain for the December 18, 2026 expiration lists 12 call and 9 put contracts, with 68 days until expiration. Open interest stands at 190 calls and 236 puts, a put/call ratio of 1.24, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $65.00 strike is 55.9%, which implies the market expects a move of about ±$15.74 (24.1%) in Piper Sandler Companies stock by expiration.

The most open interest sits at the $70.00 call (120 contracts) and the $85.00 put (157 contracts).

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

PIPR options chain · December 18, 2026

PIPR 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
—	—	—	—	—	—	45.00	0.00	1.80	0.35	71.0%	2	17
—	—	—	—	—	—	50.00	0.15	3.00	0.70	66.9%	1	4
—	—	—	—	—	—	55.00	0.20	3.80	1.20	55.6%	1	21
2	—	57.7%	10.67	6.80	9.20	60.00	1.45	4.30	1.05	61.5%	1	10
4	3	55.0%	5.20	3.70	6.30	65.00	3.30	6.20	4.68	56.7%	2	6
PIPR $65.28
120	10	60.4%	2.50	1.75	4.90	70.00	2.80	6.50	5.34	31.5%	1	2
14	10	63.1%	1.85	0.20	3.70	75.00	9.70	12.50	7.80	54.2%	7	8
9	8	82.2%	5.30	2.95	6.00	80.00	—	—	—	—	—	—
2	2	76.7%	5.00	1.50	4.40	85.00	11.50	15.10	8.00	—	—	157
3	3	74.0%	3.70	0.30	3.70	90.00	—	—	—	—	—	—
1	—	108.2%	10.15	2.45	6.20	95.00	—	—	—	—	—	—
24	8	79.3%	1.62	0.00	2.80	100.00	—	—	—	—	—	—
8	1	84.1%	1.13	0.00	2.65	105.00	26.70	30.90	19.88	—	—	11
1	—	102.7%	2.85	0.00	3.00	120.00	—	—	—	—	—	—
2	—	105.1%	2.55	0.00	2.75	125.00	—	—	—	—	—	—

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 PIPR put/call ratio?

For the December 18, 2026 expiration, the PIPR put/call ratio based on open interest is 1.24 (236 puts vs 190 calls), and 0.33 based on today's volume. A ratio above 1 means more puts than calls.

What is PIPR's implied volatility?

At-the-money implied volatility for PIPR options expiring December 18, 2026 is about 55.9%, an annualized estimate of how much the market expects Piper Sandler Companies stock to move.

How many PIPR option expiration dates are there?

PIPR has 4 listed expiration dates, from Oct 16, 2026 to Mar 19, 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.