RealReal (REAL) Options Chain

NASDAQ: REALConsumer DiscretionaryOther Specialty StoresUSD

9.75+0.13 (+1.35%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $9.75
Put/call ratio (OI): 0.32
Put/call ratio (volume): 0.97
ATM implied volatility: 84.9%
Expected move: ±$9.38
Open interest (C / P): 768 / 247

REAL options summary

The REAL options chain for the January 21, 2028 expiration lists 11 call and 7 put contracts, with 468 days until expiration. Open interest stands at 768 calls and 247 puts, a put/call ratio of 0.32, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $10.00 strike is 84.9%, which implies the market expects a move of about ±$9.38 (96.2%) in RealReal stock by expiration.

The most open interest sits at the $5.00 call (149 contracts) and the $12.50 put (104 contracts).

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

REAL options chain · January 21, 2028

REAL 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
101	182	180.1%	8.05	6.50	10.30	2.50	0.00	2.60	0.20	194.7%	—	0
149	6	84.5%	5.65	4.60	6.70	5.00	0.00	0.00	0.67	12.5%	8	0
119	2	88.8%	5.06	3.00	6.10	7.50	0.70	3.70	1.93	85.8%	3	23
REAL $9.75
67	11	91.8%	3.70	2.50	5.10	10.00	2.20	4.80	3.63	78.0%	1	97
62	3	78.8%	2.90	2.20	3.00	12.50	2.30	6.80	5.33	60.6%	191	104
89	1	83.6%	1.45	0.80	3.80	15.00	5.10	8.30	6.70	64.2%	1	9
47	1	78.8%	1.70	0.90	2.50	17.50	—	—	—	—	—	—
0	1	12.5%	2.90	0.00	0.00	20.00	—	—	—	—	—	—
6	1	90.6%	2.10	0.00	3.30	22.50	—	—	—	—	—	—
122	1	83.9%	0.92	0.60	1.75	25.00	12.60	16.00	14.30	72.3%	8	14
6	10	99.8%	2.27	0.10	2.85	30.00	—	—	—	—	—	—

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 REAL put/call ratio?

For the January 21, 2028 expiration, the REAL put/call ratio based on open interest is 0.32 (247 puts vs 768 calls), and 0.97 based on today's volume. A ratio above 1 means more puts than calls.

What is REAL's implied volatility?

At-the-money implied volatility for REAL options expiring January 21, 2028 is about 84.9%, an annualized estimate of how much the market expects RealReal stock to move.

How many REAL option expiration dates are there?

REAL has 7 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.