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: Jan 21, 2028
Days to expiration: 468
Share price: $66.90
Put/call ratio (OI): 0.78
Put/call ratio (volume): 0.98
ATM implied volatility: 55.7%
Expected move: ±$42.20
Open interest (C / P): 3.96K / 3.09K

SHAK options summary

The SHAK options chain for the January 21, 2028 expiration lists 25 call and 23 put contracts, with 468 days until expiration. Open interest stands at 3,965 calls and 3,086 puts, a put/call ratio of 0.78, which is fairly balanced between calls and puts. At-the-money implied volatility near the $65.00 strike is 55.7%, which implies the market expects a move of about ±$42.20 (63.1%) in Shake Shack stock by expiration.

The most open interest sits at the $75.00 call (1.11K contracts) and the $70.00 put (1.00K contracts).

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

SHAK options chain · January 21, 2028

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
24	2	76.8%	31.05	39.30	41.60	30.00	0.00	0.00	1.80	12.5%	5	0
29	20	68.0%	29.50	34.20	37.60	35.00	2.10	2.90	2.65	57.0%	12	281
29	2	70.1%	33.10	32.10	34.00	40.00	3.00	3.90	3.80	54.0%	2	643
10	1	67.9%	28.30	28.80	30.70	45.00	4.50	5.40	4.85	53.2%	2	117
93	1	65.5%	18.75	25.60	27.60	50.00	6.10	7.00	6.96	51.5%	1	262
751	5	60.9%	23.00	21.00	25.10	55.00	7.10	9.10	9.05	52.7%	1	46
280	1	62.6%	20.00	20.40	22.10	60.00	8.00	11.20	10.95	50.9%	2	215
228	10	61.3%	19.00	18.20	19.60	65.00	12.70	14.90	14.20	50.1%	12	78
SHAK $66.90
348	3	59.4%	16.30	15.60	17.50	70.00	15.40	16.80	18.55	49.8%	5	1,002
1,106	2	59.2%	11.40	13.30	16.40	75.00	18.30	19.70	20.75	48.4%	10	52
134	10	57.5%	11.91	11.60	14.20	80.00	28.80	31.50	28.66	71.4%	7	25
58	6	54.7%	11.92	9.00	12.50	85.00	24.70	26.50	32.45	46.9%	10	57
103	2	54.7%	10.10	7.80	11.40	90.00	28.30	30.10	36.30	45.9%	3	109
75	6	57.8%	6.00	8.20	10.80	95.00	0.00	0.00	38.28	—	1	0
434	10	55.8%	7.50	7.10	8.90	100.00	35.70	38.20	42.78	45.3%	5	64
36	1	55.2%	7.04	6.20	7.90	105.00	40.30	42.40	46.94	44.9%	1	29
17	1	54.5%	6.17	5.20	7.10	110.00	44.50	46.30	45.46	42.7%	2	95
33	1	55.6%	5.00	4.80	6.80	115.00	0.00	0.00	45.00	—	1	0
59	1	56.5%	2.70	4.20	6.70	120.00	53.30	55.40	64.74	42.5%	5	4
3	1	54.6%	4.42	3.70	5.30	125.00	54.60	59.00	61.78	35.3%	1	2
16	1	54.4%	3.95	3.20	4.80	130.00	74.50	78.50	61.46	88.9%	—	5
3	1	58.8%	17.15	0.50	4.60	135.00	—	—	—	—	—	—
10	1	53.6%	3.14	2.50	3.70	140.00	—	—	—	—	—	—
9	1	57.1%	5.44	2.20	4.80	145.00	89.50	94.00	76.30	95.5%	—	0
77	1	53.8%	2.45	1.90	3.20	150.00	94.50	99.50	78.90	98.0%	1	0

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 January 21, 2028 expiration, the SHAK put/call ratio based on open interest is 0.78 (3,086 puts vs 3,965 calls), and 0.98 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 January 21, 2028 is about 55.7%, 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.