SLM (SLM) Options Chain

NASDAQ: SLMFinanceFinance: Consumer ServicesUSD

22.72+0.12 (+0.53%)

Market open · Delayed 15 min · as of Oct 8, 2:13 PM ET

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 8
Share price: $22.70
Put/call ratio (OI): 0.54
Put/call ratio (volume): 0.35
ATM implied volatility: 47.3%
Expected move: ±$1.59
Open interest (C / P): 3.36K / 1.82K

SLM options summary

The SLM options chain for the October 16, 2026 expiration lists 29 call and 15 put contracts, with 8 days until expiration. Open interest stands at 3,363 calls and 1,825 puts, a put/call ratio of 0.54, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $23.00 strike is 47.3%, which implies the market expects a move of about ±$1.59 (7.0%) in SLM stock by expiration.

The most open interest sits at the $20.00 call (2.50K contracts) and the $22.00 put (1.11K contracts).

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

SLM options chain · October 16, 2026

SLM 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
0	246	—	25.70	20.20	22.80	1.00	—	—	—	—	—	—
0	175	1750.0%	24.60	19.40	21.80	2.00	—	—	—	—	—	—
0	1	1338.3%	23.70	18.30	20.80	3.00	—	—	—	—	—	—
0	1	1111.7%	22.50	17.20	19.80	4.00	—	—	—	—	—	—
0	2	—	22.95	0.00	0.00	5.00	—	—	—	—	—	—
0	—	—	16.24	0.00	0.00	6.00	—	—	—	—	—	—
0	—	—	15.25	0.00	0.00	7.00	—	—	—	—	—	—
0	—	—	14.15	0.00	0.00	8.00	—	—	—	—	—	—
0	2	—	16.94	0.00	0.00	11.00	—	—	—	—	—	—
4	12	343.4%	9.95	9.50	11.20	12.00	—	—	—	—	—	—
0	—	—	8.93	0.00	0.00	13.00	0.00	2.40	0.60	417.6%	—	50
0	2	—	13.95	0.00	0.00	14.00	0.15	0.50	0.30	242.2%	4	125
17	10	245.1%	7.57	6.70	9.70	15.00	0.00	0.95	0.24	240.2%	1	55
0	1	216.2%	8.20	5.40	9.00	16.00	0.35	2.05	1.00	302.7%	5	22
0	1	—	6.80	0.00	0.00	17.00	—	—	—	—	—	—
0	2	—	4.10	0.00	0.00	18.00	0.00	2.15	0.23	223.6%	25	29
0	4	—	4.30	0.00	0.00	19.00	0.55	1.90	1.23	206.4%	5	10
2,501	2	156.3%	4.81	1.35	3.70	20.00	0.00	2.30	0.75	168.6%	1	212
—	—	—	—	—	—	21.00	0.05	0.95	0.20	84.6%	6	18
15	10	65.0%	1.30	0.40	2.20	22.00	0.15	0.35	0.24	45.6%	65	1,109
SLM $22.70
90	90	37.7%	0.50	0.05	0.40	23.00	0.45	1.50	0.91	56.8%	5	56
96	1	68.0%	0.25	0.00	0.95	24.00	0.75	2.55	0.51	57.6%	21	48
34	1	88.5%	0.20	0.00	0.95	25.00	1.20	3.80	0.70	61.9%	60	68
196	8	154.1%	0.30	0.00	2.10	26.00	2.20	4.80	1.15	77.3%	12	20
238	1	122.7%	0.05	0.00	0.95	27.00	3.80	5.40	1.47	103.7%	2	3
25	21	185.0%	0.15	0.00	2.00	28.00	—	—	—	—	—	—
9	1	153.9%	0.05	0.00	1.00	29.00	—	—	—	—	—	—
43	4	166.8%	0.35	0.00	1.00	30.00	—	—	—	—	—	—
93	1	119.5%	0.20	0.00	0.20	31.00	—	—	—	—	—	—
2	1	207.2%	0.40	0.15	1.15	32.00	—	—	—	—	—	—
—	—	—	—	—	—	35.00	0.00	0.00	15.92	—	—	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 SLM put/call ratio?

For the October 16, 2026 expiration, the SLM put/call ratio based on open interest is 0.54 (1,825 puts vs 3,363 calls), and 0.35 based on today's volume. A ratio above 1 means more puts than calls.

What is SLM's implied volatility?

At-the-money implied volatility for SLM options expiring October 16, 2026 is about 47.3%, an annualized estimate of how much the market expects SLM stock to move.

How many SLM option expiration dates are there?

SLM has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 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.