Shake Shack (SHAK) Options Chain

NYSE: SHAKConsumer DiscretionaryRestaurantsUSD

66.90-0.41 (-0.61%)

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

Expiration date

Expiration: Mar 19, 2027
Days to expiration: 159
Share price: $66.90
Put/call ratio (OI): 0.99
Put/call ratio (volume): 1.27
ATM implied volatility: 53.5%
Expected move: ±$23.62
Open interest (C / P): 1.53K / 1.52K

SHAK options summary

The SHAK options chain for the March 19, 2027 expiration lists 16 call and 10 put contracts, with 159 days until expiration. Open interest stands at 1,528 calls and 1,517 puts, a put/call ratio of 0.99, which is fairly balanced between calls and puts. At-the-money implied volatility near the $65.00 strike is 53.5%, which implies the market expects a move of about ±$23.62 (35.3%) in Shake Shack stock by expiration.

The most open interest sits at the $70.00 call (1.06K contracts) and the $70.00 put (1.07K contracts).

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

SHAK options chain · March 19, 2027

SHAK 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
1	—	130.0%	39.46	38.60	42.10	30.00	0.00	0.85	1.11	73.0%	—	2
—	—	—	—	—	—	35.00	0.25	0.65	0.80	61.2%	1	15
1	—	160.6%	20.70	35.90	38.70	40.00	0.40	1.40	1.36	59.4%	5	26
0	1	67.1%	17.80	23.40	25.30	45.00	1.25	2.05	2.65	58.3%	1	65
7	1	67.5%	21.00	19.90	21.80	50.00	2.30	2.80	2.95	55.4%	7	105
69	1	62.0%	17.00	16.10	17.80	55.00	3.60	4.60	4.00	55.1%	1	177
59	8	60.9%	14.13	13.20	14.70	60.00	5.00	5.90	6.50	50.8%	9	39
36	3	54.1%	8.33	9.10	11.60	65.00	7.50	9.00	7.80	52.9%	30	5
SHAK $66.90
1,062	1	57.2%	8.00	8.30	9.30	70.00	9.20	11.00	10.52	52.1%	1	1,069
20	2	56.5%	6.54	5.40	8.50	75.00	13.10	14.20	12.50	51.6%	2	14
32	2	53.8%	4.50	4.20	6.00	80.00	—	—	—	—	—	—
31	2	55.1%	4.30	3.00	5.40	85.00	—	—	—	—	—	—
80	9	56.5%	3.10	2.60	4.40	90.00	—	—	—	—	—	—
102	11	54.3%	2.00	1.25	3.70	95.00	—	—	—	—	—	—
5	1	54.9%	1.00	1.15	2.85	100.00	—	—	—	—	—	—
11	1	52.5%	1.15	0.70	1.95	105.00	—	—	—	—	—	—
12	2	53.6%	1.50	0.70	1.50	110.00	—	—	—	—	—	—

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 SHAK put/call ratio?

For the March 19, 2027 expiration, the SHAK put/call ratio based on open interest is 0.99 (1,517 puts vs 1,528 calls), and 1.27 based on today's volume. A ratio above 1 means more puts than calls.

What is SHAK's implied volatility?

At-the-money implied volatility for SHAK options expiring March 19, 2027 is about 53.5%, an annualized estimate of how much the market expects Shake Shack stock to move.

How many SHAK option expiration dates are there?

SHAK has 13 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.