Tarsus Pharmaceuticals (TARS) Options Chain

NASDAQ: TARSHealth CareBiotechnology: Biological Products (No Diagnostic Substances)USD

73.16+0.94 (+1.30%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $73.16
Put/call ratio (OI): 1.33
Put/call ratio (volume): 0.38
ATM implied volatility: 43.9%
Expected move: ±$16.48
Open interest (C / P): 257 / 341

TARS options summary

The TARS options chain for the January 15, 2027 expiration lists 17 call and 13 put contracts, with 96 days until expiration. Open interest stands at 257 calls and 341 puts, a put/call ratio of 1.33, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $75.00 strike is 43.9%, which implies the market expects a move of about ±$16.48 (22.5%) in Tarsus Pharmaceuticals stock by expiration.

The most open interest sits at the $90.00 call (107 contracts) and the $65.00 put (128 contracts).

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

TARS options chain · January 15, 2027

TARS 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
—	—	—	—	—	—	30.00	0.00	4.90	0.85	156.8%	1	9
0	1	—	30.00	0.00	0.00	35.00	0.00	4.90	1.40	133.8%	1	13
2	1	—	27.58	21.50	26.00	40.00	0.00	0.00	3.30	25.0%	1	0
0	1	—	28.90	0.00	0.00	45.00	0.00	0.00	4.70	25.0%	1	0
—	—	—	—	—	—	50.00	2.50	6.50	6.10	104.4%	1	4
20	1	64.2%	29.95	18.00	22.80	55.00	1.00	4.90	1.00	71.9%	15	32
12	10	63.4%	17.20	14.50	19.00	60.00	0.30	4.90	1.65	54.3%	1	74
2	—	61.9%	7.65	12.60	17.30	62.50	1.25	5.50	2.05	54.3%	—	1
10	1	57.1%	15.20	10.50	15.10	65.00	2.85	6.50	4.00	57.4%	3	128
—	—	—	—	—	—	67.50	3.50	8.30	10.20	58.5%	—	1
0	1	—	10.17	0.00	0.00	70.00	5.20	9.50	11.50	60.3%	1	77
TARS $73.16
1	1	43.9%	8.00	1.35	5.80	75.00	—	—	—	—	—	—
18	15	60.8%	9.90	4.10	8.90	80.00	10.20	14.00	7.74	52.5%	—	1
0	1	61.2%	7.00	2.65	7.50	85.00	—	—	—	—	—	—
107	1	52.2%	11.70	0.60	4.90	90.00	17.50	22.20	24.40	54.3%	—	1
43	6	57.7%	9.20	0.25	4.90	95.00	—	—	—	—	—	—
17	14	62.9%	6.56	0.00	4.90	100.00	—	—	—	—	—	—
14	10	68.6%	0.90	0.00	4.90	105.00	—	—	—	—	—	—
10	2	73.8%	1.65	0.00	4.90	110.00	—	—	—	—	—	—
1	—	87.6%	1.25	0.00	4.90	125.00	—	—	—	—	—	—

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 January 15, 2027 expiration, the TARS put/call ratio based on open interest is 1.33 (341 puts vs 257 calls), and 0.38 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 January 15, 2027 is about 43.9%, 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.