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 21, 2028
Days to expiration: 467
Share price: $5.86
Put/call ratio (OI): 0.74
Put/call ratio (volume): 2.94
ATM implied volatility: 96.5%
Expected move: ±$6.40
Open interest (C / P): 1.05K / 774

ULCC options summary

The ULCC options chain for the January 21, 2028 expiration lists 8 call and 5 put contracts, with 467 days until expiration. Open interest stands at 1,048 calls and 774 puts, a put/call ratio of 0.74, which is fairly balanced between calls and puts. At-the-money implied volatility near the $5.00 strike is 96.5%, which implies the market expects a move of about ±$6.40 (109.1%) in Frontier Group stock by expiration.

The most open interest sits at the $4.00 call (467 contracts) and the $3.00 put (574 contracts).

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

ULCC options chain · January 21, 2028

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
161	5	224.6%	4.39	2.55	5.20	2.00	0.00	2.85	0.45	238.7%	50	61
12	20	77.0%	3.25	2.00	4.60	3.00	0.45	0.55	0.46	81.6%	367	574
467	100	107.2%	3.15	2.45	4.10	4.00	0.55	3.10	1.05	131.8%	1	26
146	1	93.8%	2.70	1.40	3.90	5.00	0.30	3.50	1.10	99.1%	2	27
ULCC $5.86
214	1	104.5%	2.05	1.15	3.50	7.00	1.60	4.30	2.53	83.7%	3	86
16	2	119.1%	1.25	1.00	3.30	10.00	—	—	—	—	—	—
32	5	106.0%	0.78	0.00	3.10	12.00	—	—	—	—	—	—
0	10	114.4%	0.67	0.10	2.85	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 21, 2028 expiration, the ULCC put/call ratio based on open interest is 0.74 (774 puts vs 1,048 calls), and 2.94 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 21, 2028 is about 96.5%, 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.