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: Apr 16, 2027
Days to expiration: 187
Share price: $5.86
Put/call ratio (OI): 6.13
Put/call ratio (volume): 0.11
ATM implied volatility: 80.6%
Expected move: ±$3.38
Open interest (C / P): 54 / 331

ULCC options summary

The ULCC options chain for the April 16, 2027 expiration lists 4 call and 6 put contracts, with 187 days until expiration. Open interest stands at 54 calls and 331 puts, a put/call ratio of 6.13, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $6.00 strike is 80.6%, which implies the market expects a move of about ±$3.38 (57.7%) in Frontier Group stock by expiration.

The most open interest sits at the $8.00 call (50 contracts) and the $4.00 put (302 contracts).

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

ULCC options chain · April 16, 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
—	—	—	—	—	—	3.00	0.05	0.40	0.15	93.2%	3	5
—	—	—	—	—	—	4.00	0.30	0.50	0.40	78.9%	2	302
2	1	78.1%	1.85	1.40	1.95	5.00	0.55	1.00	0.76	75.4%	2	8
ULCC $5.86
0	20	88.0%	1.18	0.00	1.40	6.00	1.05	1.55	1.10	73.2%	1	14
2	—	75.6%	0.90	0.60	1.15	7.00	1.65	2.20	2.32	70.1%	—	1
50	50	77.7%	0.85	0.35	1.00	8.00	—	—	—	—	—	—
—	—	—	—	—	—	9.00	3.20	4.00	3.41	74.8%	—	1

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 April 16, 2027 expiration, the ULCC put/call ratio based on open interest is 6.13 (331 puts vs 54 calls), and 0.11 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 April 16, 2027 is about 80.6%, 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.