Reformation (REF) Options Chain

NYSE: REFConsumer DiscretionaryApparelUSD

13.66+0.26 (+1.94%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $13.66
Put/call ratio (OI): 0.02
Put/call ratio (volume): 0.06
ATM implied volatility: 72.8%
Expected move: ±$3.29
Open interest (C / P): 1.06K / 26

REF options summary

The REF options chain for the November 20, 2026 expiration lists 4 call and 3 put contracts, with 40 days until expiration. Open interest stands at 1,063 calls and 26 puts, a put/call ratio of 0.02, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.50 strike is 72.8%, which implies the market expects a move of about ±$3.29 (24.1%) in Reformation stock by expiration.

The most open interest sits at the $17.50 call (1.05K contracts) and the $12.50 put (21 contracts).

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

REF options chain · November 20, 2026

REF 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
—	—	—	—	—	—	10.00	0.10	0.25	0.35	79.3%	2	3
1	1	74.8%	1.87	1.80	2.10	12.50	0.60	0.85	0.80	70.7%	1	21
REF $13.66
7	67	69.5%	0.61	0.65	0.85	15.00	1.90	2.20	2.45	67.3%	1	2
1,051	1	69.1%	0.16	0.15	0.35	17.50	—	—	—	—	—	—
4	1	89.3%	0.05	0.00	0.45	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 REF put/call ratio?

For the November 20, 2026 expiration, the REF put/call ratio based on open interest is 0.02 (26 puts vs 1,063 calls), and 0.06 based on today's volume. A ratio above 1 means more puts than calls.

What is REF's implied volatility?

At-the-money implied volatility for REF options expiring November 20, 2026 is about 72.8%, an annualized estimate of how much the market expects Reformation stock to move.

How many REF option expiration dates are there?

REF has 4 listed expiration dates, from Oct 16, 2026 to May 21, 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.