Upwork (UPWK) Options Chain

NASDAQ: UPWKTechnologyEDP ServicesUSD

8.60+0.03 (+0.35%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 467
Share price: $8.60
Put/call ratio (OI): 0.16
Put/call ratio (volume): 0.35
ATM implied volatility: 71.4%
Expected move: ±$6.95
Open interest (C / P): 5.69K / 900

UPWK options summary

The UPWK options chain for the January 21, 2028 expiration lists 12 call and 11 put contracts, with 467 days until expiration. Open interest stands at 5,687 calls and 900 puts, a put/call ratio of 0.16, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $7.50 strike is 71.4%, which implies the market expects a move of about ±$6.95 (80.8%) in Upwork stock by expiration.

The most open interest sits at the $25.00 call (2.27K contracts) and the $5.00 put (349 contracts).

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

UPWK options chain · January 21, 2028

UPWK 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
191	55	91.4%	6.50	4.70	8.00	2.50	—	—	—	—	—	—
78	5	82.2%	4.63	3.20	6.00	5.00	0.50	1.45	0.85	81.1%	6	349
406	3	72.6%	2.90	2.50	3.80	7.50	1.35	2.60	1.80	70.3%	3	307
UPWK $8.60
635	1	76.2%	2.20	1.40	3.50	10.00	2.35	4.50	3.43	65.0%	1	121
296	1	76.2%	1.55	0.25	3.50	12.50	3.50	6.40	4.97	54.7%	2	79
493	101	67.9%	1.08	0.95	1.35	15.00	5.50	8.40	6.70	50.4%	2	20
45	1	72.5%	0.87	0.55	1.50	17.50	7.70	10.70	9.30	93.5%	7	10
746	2	67.5%	0.71	0.50	0.80	20.00	10.00	13.10	11.25	97.7%	5	8
365	2	67.4%	0.50	0.25	0.75	22.50	0.00	0.00	14.00	—	6	0
2,272	3	80.8%	0.40	0.20	1.30	25.00	11.90	16.30	13.86	—	1	6
24	5	69.0%	0.25	0.15	0.40	30.00	0.00	0.00	13.10	—	—	0
136	1	89.2%	0.23	0.00	1.20	35.00	24.30	28.50	26.00	133.6%	30	0

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 UPWK put/call ratio?

For the January 21, 2028 expiration, the UPWK put/call ratio based on open interest is 0.16 (900 puts vs 5,687 calls), and 0.35 based on today's volume. A ratio above 1 means more puts than calls.

What is UPWK's implied volatility?

At-the-money implied volatility for UPWK options expiring January 21, 2028 is about 71.4%, an annualized estimate of how much the market expects Upwork stock to move.

How many UPWK option expiration dates are there?

UPWK has 6 listed expiration dates, from Oct 16, 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.