Charles Schwab (SCHW) Options Chain

NYSE: SCHWFinanceInvestment Bankers/Brokers/ServiceUSD

96.70-0.17 (-0.18%)

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

Expiration date

Expiration: Dec 15, 2028
Days to expiration: 796
Share price: $96.70
Put/call ratio (OI): 0.24
Put/call ratio (volume): 0.95
ATM implied volatility: 30.2%
Expected move: ±$43.18
Open interest (C / P): 6.57K / 1.58K

SCHW options summary

The SCHW options chain for the December 15, 2028 expiration lists 32 call and 30 put contracts, with 796 days until expiration. Open interest stands at 6,571 calls and 1,576 puts, a put/call ratio of 0.24, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $97.50 strike is 30.2%, which implies the market expects a move of about ±$43.18 (44.7%) in Charles Schwab stock by expiration.

The most open interest sits at the $70.00 call (1.09K contracts) and the $85.00 put (247 contracts).

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

SCHW options chain · December 15, 2028

SCHW 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
191	2	55.3%	60.50	55.10	58.30	42.50	0.65	1.17	0.80	38.5%	1	174
471	5	53.9%	56.50	52.85	56.20	45.00	0.70	1.32	0.98	37.2%	2	75
448	1	52.3%	52.88	51.25	54.05	47.50	0.89	1.43	1.17	35.7%	3	55
52	2	51.5%	50.60	49.00	52.10	50.00	1.02	1.71	1.33	35.1%	1	41
22	4	49.2%	56.35	45.55	48.10	55.00	1.32	2.23	1.88	33.5%	2	35
147	1	48.4%	42.20	41.10	44.65	60.00	2.15	2.88	2.51	31.9%	2	65
814	8	46.4%	48.45	37.50	40.90	65.00	3.10	3.55	3.34	30.2%	2	76
1,093	2	41.4%	34.00	33.45	36.00	70.00	3.10	4.80	3.15	29.8%	3	111
109	3	41.5%	33.53	31.65	33.20	75.00	5.15	5.85	5.65	28.3%	4	108
273	2	41.3%	32.50	28.95	31.80	77.50	5.75	6.50	5.10	27.7%	3	5
464	2	38.9%	29.64	27.95	29.40	80.00	6.45	7.70	6.10	28.2%	10	172
230	4	40.6%	36.10	26.15	28.95	82.50	4.80	6.40	7.60	23.3%	40	23
224	6	38.7%	26.28	23.75	26.80	85.00	8.20	9.15	8.50	26.8%	2	247
212	6	37.8%	24.91	22.85	25.20	87.50	0.00	0.00	15.00	1.6%	5	0
158	10	38.0%	22.65	22.85	24.15	90.00	10.05	11.05	9.81	25.9%	1	61
34	1	37.7%	23.30	20.90	22.95	92.50	11.00	11.90	9.05	25.1%	15	12
57	8	37.9%	23.58	19.05	22.00	95.00	12.05	13.10	12.00	24.8%	1	65
SCHW $96.70
36	4	36.5%	19.55	18.10	20.25	97.50	13.20	14.05	13.62	24.0%	2	6
138	5	36.1%	18.45	17.90	19.10	100.00	14.60	15.35	14.10	23.7%	1	138
118	2	35.2%	16.27	15.35	16.80	105.00	17.20	17.95	16.87	22.7%	1	11
187	20	34.4%	13.75	13.70	14.75	110.00	19.95	21.45	19.52	22.8%	2	35
89	2	34.5%	12.80	11.45	13.35	115.00	23.15	24.50	18.15	21.7%	2	4
220	1	34.6%	11.50	10.40	12.10	120.00	26.70	27.85	27.36	20.6%	3	12
51	2	34.0%	10.00	9.05	10.55	125.00	30.20	32.10	31.08	20.9%	3	10
82	3	34.8%	10.55	7.35	9.95	130.00	34.30	35.70	28.45	19.2%	2	3
34	1	33.9%	7.49	6.85	8.50	135.00	38.35	40.20	28.90	19.3%	1	4
288	20	34.2%	6.50	6.30	7.80	140.00	43.30	44.50	37.38	18.3%	25	28
22	4	33.4%	6.09	5.65	6.65	145.00	—	—	—	—	—	—
99	9	34.4%	4.97	4.40	6.45	150.00	0.00	0.00	40.80	—	5	0
191	1	33.2%	5.35	3.40	5.30	155.00	64.50	69.50	62.90	45.3%	1	0
13	12	33.2%	4.72	3.25	4.75	160.00	61.00	64.75	59.20	23.8%	1	0
4	—	34.6%	7.00	2.82	4.85	165.00	—	—	—	—	—	—

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 SCHW put/call ratio?

For the December 15, 2028 expiration, the SCHW put/call ratio based on open interest is 0.24 (1,576 puts vs 6,571 calls), and 0.95 based on today's volume. A ratio above 1 means more puts than calls.

What is SCHW's implied volatility?

At-the-money implied volatility for SCHW options expiring December 15, 2028 is about 30.2%, an annualized estimate of how much the market expects Charles Schwab stock to move.

How many SCHW option expiration dates are there?

SCHW has 15 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.