First Tracks Biotherapeutics (TRAX) Options Chain
NASDAQ: TRAXHealthcareBiotechnologyUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $31.85
- Put/call ratio (OI)
- 0.11
- Put/call ratio (volume)
- 0.20
- ATM implied volatility
- 109.9%
- Expected move
- ±$11.58
- Open interest (C / P)
- 18 / 2
TRAX options summary
The TRAX options chain for the November 20, 2026 expiration lists 3 call and 1 put contracts, with 40 days until expiration. Open interest stands at 18 calls and 2 puts, a put/call ratio of 0.11, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $30.00 strike is 109.9%, which implies the market expects a move of about ±$11.58 (36.4%) in First Tracks Biotherapeutics stock by expiration.
The most open interest sits at the $40.00 call (11 contracts) and the $30.00 put (2 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
TRAX options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 30.00 | 1.50 | 5.80 | 2.70 | |||||
| 11.00 | 1.05 | 5.30 | 35.00 | — | — | — | |||||
| 3.40 | 0.00 | 4.20 | 40.00 | — | — | — | |||||
| 1.10 | 0.00 | 3.50 | 45.00 | — | — | — | |||||
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 TRAX put/call ratio?
For the November 20, 2026 expiration, the TRAX put/call ratio based on open interest is 0.11 (2 puts vs 18 calls), and 0.20 based on today's volume. A ratio above 1 means more puts than calls.
What is TRAX's implied volatility?
At-the-money implied volatility for TRAX options expiring November 20, 2026 is about 109.9%, an annualized estimate of how much the market expects First Tracks Biotherapeutics stock to move.
How many TRAX option expiration dates are there?
TRAX 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.