Tarsus Pharmaceuticals (TARS) Options Chain
NASDAQ: TARSHealth CareBiotechnology: Biological Products (No Diagnostic Substances)USD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $73.16
- Put/call ratio (OI)
- 4.00
- Put/call ratio (volume)
- 16.00
- Expected move
- ±$16.14
- Open interest (C / P)
- 6 / 24
TARS options summary
The TARS options chain for the November 20, 2026 expiration lists 3 call and 8 put contracts, with 40 days until expiration. Open interest stands at 6 calls and 24 puts, a put/call ratio of 4.00, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $72.50 strike is 66.6%, which implies the market expects a move of about ±$16.14 (22.1%) in Tarsus Pharmaceuticals stock by expiration.
The most open interest sits at the $100.00 call (4 contracts) and the $70.00 put (11 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
TARS options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 65.00 | 0.75 | 5.50 | 2.85 | |||||
| — | — | — | 70.00 | 2.55 | 7.40 | 4.50 | |||||
| — | — | — | 72.50 | 3.80 | 8.50 | 6.30 | |||||
| — | — | — | 75.00 | 5.30 | 10.00 | 7.40 | |||||
| — | — | — | 77.50 | 6.70 | 11.50 | 7.40 | |||||
| — | — | — | 80.00 | 8.40 | 13.00 | 8.70 | |||||
| — | — | — | 82.50 | 10.30 | 15.00 | 10.30 | |||||
| — | — | — | 85.00 | 12.50 | 16.50 | 11.80 | |||||
| 3.10 | 0.50 | 4.90 | 90.00 | — | — | — | |||||
| 2.55 | 0.00 | 4.90 | 95.00 | — | — | — | |||||
| 1.95 | 0.00 | 4.90 | 100.00 | — | — | — | |||||
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 TARS put/call ratio?
For the November 20, 2026 expiration, the TARS put/call ratio based on open interest is 4.00 (24 puts vs 6 calls), and 16.00 based on today's volume. A ratio above 1 means more puts than calls.
What is TARS's implied volatility?
At-the-money implied volatility for TARS options expiring November 20, 2026 is about 66.6%, an annualized estimate of how much the market expects Tarsus Pharmaceuticals stock to move.
How many TARS option expiration dates are there?
TARS has 7 listed expiration dates, from Oct 16, 2026 to Dec 17, 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.