Union Pacific (UNP) Options Chain

NYSE: UNPIndustrialsRailroadsUSD

278.66+0.46 (+0.17%)

Market open · Delayed 15 min · as of Oct 9, 2:21 PM ET

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 0
Share price: $278.73
Put/call ratio (OI): 0.72
Put/call ratio (volume): 0.83
ATM implied volatility: 16.8%
Expected move: ±$2.45
Open interest (C / P): 603 / 432

UNP options summary

The UNP options chain for the October 9, 2026 expiration lists 19 call and 13 put contracts, expiring today. Open interest stands at 603 calls and 432 puts, a put/call ratio of 0.72, which is fairly balanced between calls and puts. At-the-money implied volatility near the $277.50 strike is 16.8%, which implies the market expects a move of about ±$2.45 (0.9%) in Union Pacific stock by expiration.

The most open interest sits at the $277.50 call (90 contracts) and the $265.00 put (65 contracts).

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

UNP options chain · October 9, 2026

UNP 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
5	2	290.7%	60.97	61.20	64.40	215.00	—	—	—	—	—	—
4	6	144.3%	27.63	26.40	29.40	250.00	0.00	2.15	1.40	162.8%	4	6
—	—	—	—	—	—	257.50	0.00	2.15	0.40	129.1%	40	41
—	—	—	—	—	—	260.00	0.00	2.15	0.19	117.8%	3	22
1	—	73.7%	11.78	14.00	16.50	262.50	0.00	2.15	0.25	106.2%	47	40
4	1	77.7%	12.89	11.40	14.30	265.00	0.00	2.15	0.20	94.5%	53	65
5	—	63.5%	8.20	9.00	11.70	267.50	0.00	1.15	0.15	67.2%	2	61
4	—	52.8%	4.00	6.50	9.20	270.00	0.00	1.15	0.23	56.3%	3	64
9	1	31.1%	5.78	4.20	6.40	272.50	0.00	0.25	0.09	34.5%	2	58
88	17	—	3.06	1.85	3.70	275.00	0.00	0.35	0.15	26.9%	13	58
90	33	8.9%	0.88	0.70	1.35	277.50	0.05	0.90	0.70	24.7%	1	12
UNP $278.73
55	15	8.5%	0.10	0.00	0.10	280.00	1.55	2.80	2.00	36.1%	2	5
49	6	15.7%	0.03	0.00	0.05	282.50	—	—	—	—	—	—
89	57	53.3%	0.15	0.00	1.90	285.00	5.80	8.60	7.08	52.8%	2	0
28	2	38.1%	0.05	0.00	0.05	290.00	—	—	—	—	—	—
12	3	90.1%	0.34	0.00	2.15	292.50	—	—	—	—	—	—
2	2	100.3%	0.65	0.00	2.15	295.00	15.40	19.10	22.28	97.5%	2	0
44	4	58.6%	0.14	0.00	0.05	300.00	—	—	—	—	—	—
75	54	70.3%	0.30	0.00	0.05	305.00	—	—	—	—	—	—
21	1	81.3%	0.10	0.00	0.05	310.00	—	—	—	—	—	—
18	6	92.2%	0.05	0.00	0.05	315.00	—	—	—	—	—	—

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 UNP put/call ratio?

For the October 9, 2026 expiration, the UNP put/call ratio based on open interest is 0.72 (432 puts vs 603 calls), and 0.83 based on today's volume. A ratio above 1 means more puts than calls.

What is UNP's implied volatility?

At-the-money implied volatility for UNP options expiring October 9, 2026 is about 16.8%, an annualized estimate of how much the market expects Union Pacific stock to move.

How many UNP option expiration dates are there?

UNP has 17 listed expiration dates, from Oct 9, 2026 to Jan 19, 2029.

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.