Strategic Education (STRA) Options Chain

NASDAQ: STRAReal EstateOther Consumer ServicesUSD

82.390.00 (0.00%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 97
Share price: $82.39
Put/call ratio (OI): 4.91
Put/call ratio (volume): 0.97
ATM implied volatility: 34.0%
Expected move: ±$14.44
Open interest (C / P): 33 / 162

STRA options summary

The STRA options chain for the January 15, 2027 expiration lists 11 call and 9 put contracts, with 97 days until expiration. Open interest stands at 33 calls and 162 puts, a put/call ratio of 4.91, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $80.00 strike is 34.0%, which implies the market expects a move of about ±$14.44 (17.5%) in Strategic Education stock by expiration.

The most open interest sits at the $85.00 call (13 contracts) and the $80.00 put (41 contracts).

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

STRA options chain · January 15, 2027

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	1	102.3%	34.00	37.30	41.40	45.00	0.00	0.35	0.38	59.8%	—	22
—	—	—	—	—	—	60.00	0.00	1.45	0.50	56.8%	3	16
0	2	—	20.70	0.00	0.00	65.00	0.00	0.00	1.33	12.5%	20	0
0	15	—	14.50	0.00	0.00	70.00	1.20	1.50	2.00	36.3%	1	27
5	4	37.1%	7.80	10.00	10.40	75.00	2.35	2.65	3.40	34.6%	1	18
3	7	34.9%	5.50	6.70	7.10	80.00	4.00	4.40	4.50	33.1%	2	41
STRA $82.39
13	1	33.2%	4.10	4.20	4.50	85.00	6.50	6.90	7.00	32.0%	4	32
5	1	32.0%	1.95	2.35	2.65	90.00	9.70	10.20	10.10	31.6%	2	6
2	1	31.5%	0.97	1.20	1.50	95.00	—	—	—	—	—	—
2	1	35.2%	2.30	0.85	1.20	100.00	—	—	—	—	—	—
2	1	53.4%	1.00	0.00	2.65	105.00	20.70	24.70	27.90	48.9%	1	0
0	1	12.5%	0.33	0.00	0.00	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 January 15, 2027 expiration, the STRA put/call ratio based on open interest is 4.91 (162 puts vs 33 calls), and 0.97 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 January 15, 2027 is about 34.0%, 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.