Strategic Education (STRA) Options Chain

NASDAQ: STRAReal EstateOther Consumer ServicesUSD

82.39+1.71 (+2.12%)

At close: Oct 8, 4:00 PM ET · Delayed 15 min

After hours: 82.39 0.00%

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 8
Share price: $82.39
Put/call ratio (OI): 0.38
Put/call ratio (volume): 1.17
ATM implied volatility: 32.0%
Expected move: ±$3.90
Open interest (C / P): 785 / 295

STRA options summary

The STRA options chain for the October 16, 2026 expiration lists 11 call and 12 put contracts, with 8 days until expiration. Open interest stands at 785 calls and 295 puts, a put/call ratio of 0.38, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $80.00 strike is 32.0%, which implies the market expects a move of about ±$3.90 (4.7%) in Strategic Education stock by expiration.

The most open interest sits at the $85.00 call (320 contracts) and the $60.00 put (86 contracts).

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

STRA options chain · October 16, 2026

STRA 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	—	324.7%	39.70	41.30	45.50	40.00	0.00	0.25	0.15	218.8%	55	56
—	—	—	—	—	—	50.00	0.00	2.45	0.90	251.4%	1	1
—	—	—	—	—	—	60.00	0.00	0.25	0.17	105.7%	4	86
2	1	163.9%	13.60	17.20	21.20	65.00	0.00	0.25	0.08	82.4%	15	27
10	—	114.8%	7.50	13.50	14.00	70.00	0.00	0.25	0.15	60.4%	1	61
22	40	85.6%	4.40	5.60	8.90	75.00	0.00	2.25	0.25	75.2%	1	19
153	1	34.4%	1.75	2.70	3.20	80.00	0.40	0.60	1.80	29.5%	1	29
STRA $82.39
320	14	27.6%	0.10	0.30	0.50	85.00	4.40	4.70	4.40	58.6%	—	14
45	1	37.6%	0.01	0.00	0.15	90.00	7.20	10.60	7.60	74.1%	—	2
31	1	50.4%	0.05	0.00	0.10	95.00	11.00	14.70	11.30	60.2%	—	0
189	2	53.1%	0.95	0.00	0.05	100.00	16.90	19.50	22.80	93.8%	3	0
11	9	129.5%	0.04	0.00	2.15	105.00	—	—	—	—	—	—
—	—	—	—	—	—	110.00	25.90	29.50	32.80	88.5%	1	0
1	1	104.7%	0.38	0.00	0.25	115.00	—	—	—	—	—	—

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 STRA put/call ratio?

For the October 16, 2026 expiration, the STRA put/call ratio based on open interest is 0.38 (295 puts vs 785 calls), and 1.17 based on today's volume. A ratio above 1 means more puts than calls.

What is STRA's implied volatility?

At-the-money implied volatility for STRA options expiring October 16, 2026 is about 32.0%, an annualized estimate of how much the market expects Strategic Education stock to move.

How many STRA option expiration dates are there?

STRA has 5 listed expiration dates, from Oct 16, 2026 to May 21, 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.