Frontier Group (ULCC) Options Chain

NASDAQ: ULCCConsumer DiscretionaryAir Freight/Delivery ServicesUSD

5.86-0.07 (-1.18%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $5.86
Put/call ratio (OI): 2.45
Put/call ratio (volume): 4.56
ATM implied volatility: 75.1%
Expected move: ±$2.26
Open interest (C / P): 1.75K / 4.29K

ULCC options summary

The ULCC options chain for the January 15, 2027 expiration lists 12 call and 10 put contracts, with 96 days until expiration. Open interest stands at 1,754 calls and 4,295 puts, a put/call ratio of 2.45, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $6.00 strike is 75.1%, which implies the market expects a move of about ±$2.26 (38.5%) in Frontier Group stock by expiration.

The most open interest sits at the $8.00 call (378 contracts) and the $4.00 put (1.70K contracts).

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

ULCC options chain · January 15, 2027

ULCC 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
3	12	200.0%	5.40	4.40	5.40	1.00	0.00	0.00	0.03	50.0%	250	0
146	1	123.4%	4.10	3.40	4.40	2.00	0.00	0.35	0.04	178.1%	1	840
109	15	90.6%	3.00	2.45	3.40	3.00	0.00	0.20	0.10	100.8%	1	1,304
0	10	—	2.69	0.00	0.00	4.00	0.10	0.30	0.13	81.6%	5	1,697
334	1	77.0%	1.55	1.15	1.55	5.00	0.40	0.60	0.42	77.9%	20	313
ULCC $5.86
53	2	73.6%	0.80	0.70	0.95	6.00	0.85	1.15	0.90	76.6%	13	132
257	5	71.5%	0.55	0.35	0.60	7.00	1.50	1.70	1.57	70.1%	1	7
378	1	73.8%	0.25	0.20	0.40	8.00	2.15	2.70	2.29	72.3%	1	2
83	10	79.7%	0.23	0.10	0.35	9.00	—	—	—	—	—	—
365	10	81.0%	0.17	0.05	0.25	10.00	—	—	—	—	—	—
—	—	—	—	—	—	11.00	4.90	5.70	5.03	92.0%	7	0
24	3	98.8%	0.15	0.10	0.20	12.00	0.00	0.00	6.50	—	20	0
2	—	123.0%	0.40	0.00	0.35	15.00	—	—	—	—	—	—

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 ULCC put/call ratio?

For the January 15, 2027 expiration, the ULCC put/call ratio based on open interest is 2.45 (4,295 puts vs 1,754 calls), and 4.56 based on today's volume. A ratio above 1 means more puts than calls.

What is ULCC's implied volatility?

At-the-money implied volatility for ULCC options expiring January 15, 2027 is about 75.1%, an annualized estimate of how much the market expects Frontier Group stock to move.

How many ULCC option expiration dates are there?

ULCC has 5 listed expiration dates, from Oct 16, 2026 to Jan 21, 2028.

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.