Hyperliquid Strategies (PURR) Options Chain

NASDAQ: PURRFinanceFinance: Consumer ServicesUSD

11.11-0.19 (-1.68%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $11.11
Put/call ratio (OI): 0.28
Put/call ratio (volume): 0.47
ATM implied volatility: 93.8%
Expected move: ±$4.50
Open interest (C / P): 176.50K / 48.83K

PURR options summary

The PURR options chain for the December 18, 2026 expiration lists 29 call and 21 put contracts, with 68 days until expiration. Open interest stands at 176,498 calls and 48,830 puts, a put/call ratio of 0.28, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $11.00 strike is 93.8%, which implies the market expects a move of about ±$4.50 (40.5%) in Hyperliquid Strategies stock by expiration.

The most open interest sits at the $20.00 call (29.98K contracts) and the $7.00 put (9.07K contracts).

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

PURR options chain · December 18, 2026

PURR 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
10	3	444.5%	12.00	9.90	10.80	1.00	0.00	0.05	0.01	268.8%	1	1
22	11	283.6%	12.12	8.80	9.80	2.00	0.00	0.30	0.12	267.2%	5	0
33	1	230.9%	8.80	7.90	8.80	3.00	0.00	0.15	0.13	176.6%	3	2,071
36	10	183.6%	9.60	6.90	7.80	4.00	0.00	0.10	0.08	129.7%	2	4,601
646	6	116.4%	6.20	5.90	6.50	5.00	0.00	0.10	0.04	103.1%	4	3,673
1,557	1	126.6%	5.40	5.10	5.70	6.00	0.00	0.15	0.07	89.1%	25	3,090
8,443	3	117.6%	4.50	4.10	5.00	7.00	0.10	0.30	0.16	90.2%	10	9,068
5,657	40	83.8%	3.63	3.10	3.80	8.00	0.30	0.45	0.31	86.9%	1	7,273
9,215	31	99.6%	3.03	2.75	3.20	9.00	0.60	0.75	0.65	86.8%	10	6,020
15,771	95	95.7%	2.34	2.25	2.45	10.00	1.05	1.20	1.10	89.1%	73	5,722
12,558	178	98.2%	1.87	1.85	2.00	11.00	1.55	1.75	1.61	89.5%	132	1,260
PURR $11.11
9,229	30	94.8%	1.55	1.40	1.55	12.00	2.15	2.40	2.26	90.2%	21	1,802
13,852	27	98.0%	1.21	1.10	1.35	13.00	2.80	3.10	2.90	89.5%	3	1,296
8,290	104	98.2%	0.96	0.90	1.05	14.00	3.50	3.90	3.83	89.1%	8	671
9,353	130	102.6%	0.85	0.75	0.95	15.00	4.30	4.80	4.70	91.5%	1	1,326
4,044	59	102.2%	0.70	0.55	0.80	16.00	5.20	5.70	4.20	94.8%	324	880
5,803	50	102.6%	0.55	0.40	0.70	17.00	6.00	6.50	5.40	88.9%	1	3
12,736	12	103.2%	0.45	0.40	0.50	18.00	6.90	7.50	6.60	92.2%	35	39
1,310	2	112.1%	0.40	0.30	0.65	19.00	—	—	—	—	—	—
29,978	106	99.0%	0.35	0.10	0.40	20.00	8.50	9.30	7.07	56.3%	5	25
332	2	114.1%	0.45	0.15	0.55	21.00	9.50	10.30	9.00	60.9%	1	1
353	143	117.2%	0.93	0.15	0.50	22.00	—	—	—	—	—	—
26,772	45	111.9%	0.21	0.15	0.30	23.00	11.60	12.70	11.77	115.8%	1	8
67	100	116.4%	0.50	0.05	0.40	24.00	—	—	—	—	—	—
189	100	114.5%	0.22	0.05	0.30	25.00	—	—	—	—	—	—
5	5	121.7%	0.63	0.05	0.35	26.00	—	—	—	—	—	—
1	—	134.4%	0.31	0.00	0.55	27.00	—	—	—	—	—	—
226	100	121.9%	0.71	0.00	0.30	28.00	—	—	—	—	—	—
10	10	125.4%	0.40	0.00	0.30	29.00	—	—	—	—	—	—

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 PURR put/call ratio?

For the December 18, 2026 expiration, the PURR put/call ratio based on open interest is 0.28 (48,830 puts vs 176,498 calls), and 0.47 based on today's volume. A ratio above 1 means more puts than calls.

What is PURR's implied volatility?

At-the-money implied volatility for PURR options expiring December 18, 2026 is about 93.8%, an annualized estimate of how much the market expects Hyperliquid Strategies stock to move.

How many PURR option expiration dates are there?

PURR has 11 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.