Wheels Up Experience (UP) Options Chain

NYSE: UPIndustrialsAirports & Air ServicesUSD

3.89+0.10 (+2.64%)

At close: Oct 8, 4:00 PM ET · Delayed 15 min

Pre-market: 3.90 +0.26%

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 469
Share price: $3.89
Put/call ratio (OI): 0.04
Put/call ratio (volume): 0.61
ATM implied volatility: 26.6%
Expected move: ±$1.17
Open interest (C / P): 3.58K / 152

UP options summary

The UP options chain for the January 21, 2028 expiration lists 7 call and 5 put contracts, with 469 days until expiration. Open interest stands at 3,577 calls and 152 puts, a put/call ratio of 0.04, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $5.00 strike is 26.6%, which implies the market expects a move of about ±$1.17 (30.1%) in Wheels Up Experience stock by expiration.

The most open interest sits at the $0.50 call (1.14K contracts) and the $1.00 put (62 contracts).

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

UP options chain · January 21, 2028

UP 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
1,142	22	—	0.28	0.25	0.30	0.50	0.30	0.40	0.32	270.3%	7	49
635	100	—	0.22	0.05	0.35	1.00	0.10	1.00	0.05	201.9%	20	62
151	1	—	0.05	0.05	0.40	1.50	0.50	1.50	1.29	218.0%	5	11
521	5	—	0.48	0.05	0.35	2.00	1.45	2.30	1.80	353.1%	50	26
531	2	—	0.22	0.00	1.00	2.50	1.50	2.50	2.16	246.9%	1	4
UP $3.89
301	1	26.6%	0.32	0.10	0.15	5.00	—	—	—	—	—	—
296	6	71.9%	0.10	0.00	1.00	7.50	—	—	—	—	—	—

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 UP put/call ratio?

For the January 21, 2028 expiration, the UP put/call ratio based on open interest is 0.04 (152 puts vs 3,577 calls), and 0.61 based on today's volume. A ratio above 1 means more puts than calls.

What is UP's implied volatility?

At-the-money implied volatility for UP options expiring January 21, 2028 is about 26.6%, an annualized estimate of how much the market expects Wheels Up Experience stock to move.

How many UP option expiration dates are there?

UP has 3 listed expiration dates, from Nov 20, 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.