Relay Therapeutics (RLAY) Options Chain

NASDAQ: RLAYHealth CareBiotechnology: Biological Products (No Diagnostic Substances)USD

17.88+0.47 (+2.70%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $17.88
Put/call ratio (OI): 0.85
Put/call ratio (volume): 2.43
ATM implied volatility: 68.9%
Expected move: ±$5.32
Open interest (C / P): 8.71K / 7.43K

RLAY options summary

The RLAY options chain for the December 18, 2026 expiration lists 25 call and 25 put contracts, with 68 days until expiration. Open interest stands at 8,715 calls and 7,427 puts, a put/call ratio of 0.85, which is fairly balanced between calls and puts. At-the-money implied volatility near the $18.00 strike is 68.9%, which implies the market expects a move of about ±$5.32 (29.8%) in Relay Therapeutics stock by expiration.

The most open interest sits at the $25.00 call (3.28K contracts) and the $20.00 put (1.17K contracts).

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

RLAY options chain · December 18, 2026

RLAY 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
22	68	385.2%	16.95	13.70	17.50	3.00	0.00	0.00	0.15	50.0%	1	0
27	72	350.6%	14.85	12.00	16.50	5.00	0.00	0.00	0.40	50.0%	2	0
53	8	161.7%	11.56	9.00	13.40	7.00	0.00	4.90	0.55	354.5%	—	1
384	150	233.3%	11.60	9.00	13.50	8.00	0.00	4.90	0.71	311.9%	234	71
511	1	123.8%	11.00	7.00	11.40	9.00	0.00	2.50	0.75	198.1%	2	7
240	8	97.7%	8.72	6.00	10.20	10.00	0.00	4.90	0.55	245.8%	1	42
408	10	84.4%	8.06	5.00	9.20	11.00	0.00	3.80	1.10	189.8%	404	371
0	62	—	8.98	0.00	0.00	12.00	0.00	0.75	0.35	84.4%	1	293
726	160	96.8%	5.84	4.40	7.00	13.00	0.05	1.00	0.52	80.8%	1	299
462	18	74.9%	6.00	2.50	6.60	14.00	0.00	3.50	2.07	122.8%	15	370
231	2	82.4%	5.20	2.00	6.10	15.00	0.05	1.25	1.05	60.6%	9	570
174	7	81.9%	3.30	1.50	5.40	16.00	0.05	2.60	1.10	73.0%	74	870
56	64	78.4%	3.72	1.15	4.50	17.00	0.25	2.25	1.65	54.8%	5	239
RLAY $17.88
200	1	76.2%	2.00	0.70	3.90	18.00	0.55	3.40	2.15	61.7%	1	523
203	11	81.6%	2.50	0.65	3.50	19.00	1.05	4.30	2.30	64.8%	41	466
127	4	66.4%	2.10	0.05	2.50	20.00	1.90	5.00	3.70	68.3%	68	1,171
386	42	68.8%	1.13	0.15	2.00	21.00	2.30	5.80	4.55	63.8%	173	524
159	2	66.8%	0.80	0.10	1.50	22.00	3.00	6.80	5.23	66.1%	194	347
27	2	69.9%	1.00	0.10	1.30	23.00	3.70	7.70	5.65	64.9%	94	101
42	1	72.0%	1.60	0.05	1.15	24.00	4.60	8.50	5.65	64.2%	27	807
3,282	4	75.5%	0.85	0.10	1.00	25.00	5.50	9.50	7.64	67.1%	36	293
125	3	75.8%	0.15	0.00	0.90	26.00	5.70	10.50	8.95	149.2%	76	24
320	32	99.3%	0.80	0.00	1.70	27.00	7.50	11.50	8.80	76.9%	52	26
72	17	76.4%	0.75	0.00	0.60	28.00	0.00	0.00	9.30	—	2	0
478	1	82.6%	0.37	0.00	0.55	30.00	9.50	13.50	12.15	135.2%	308	12

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 RLAY put/call ratio?

For the December 18, 2026 expiration, the RLAY put/call ratio based on open interest is 0.85 (7,427 puts vs 8,715 calls), and 2.43 based on today's volume. A ratio above 1 means more puts than calls.

What is RLAY's implied volatility?

At-the-money implied volatility for RLAY options expiring December 18, 2026 is about 68.9%, an annualized estimate of how much the market expects Relay Therapeutics stock to move.

How many RLAY option expiration dates are there?

RLAY has 6 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.