U.S. Bancorp (USB) Options Chain

NYSE: USBFinanceMajor BanksUSD

57.08+0.05 (+0.09%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $57.08
Put/call ratio (OI): 0.76
Put/call ratio (volume): 1.75
ATM implied volatility: 27.3%
Expected move: ±$17.65
Open interest (C / P): 8.22K / 6.25K

USB options summary

The USB options chain for the January 21, 2028 expiration lists 25 call and 21 put contracts, with 468 days until expiration. Open interest stands at 8,225 calls and 6,252 puts, a put/call ratio of 0.76, which is fairly balanced between calls and puts. At-the-money implied volatility near the $57.50 strike is 27.3%, which implies the market expects a move of about ±$17.65 (30.9%) in U.S. Bancorp stock by expiration.

The most open interest sits at the $60.00 call (1.84K contracts) and the $47.50 put (1.50K contracts).

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

USB options chain · January 21, 2028

USB 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
0	2	109.3%	34.09	36.30	40.60	25.00	0.22	0.39	0.31	44.3%	1	152
0	24	—	26.05	0.00	0.00	27.50	0.29	0.48	0.47	41.6%	1	36
8	1	60.3%	27.47	31.25	28.00	30.00	0.28	0.78	0.48	41.9%	3	115
0	20	—	21.75	0.00	0.00	32.50	0.57	0.74	0.75	37.0%	2	130
46	4	71.8%	28.95	27.35	28.55	35.00	0.77	0.94	0.84	35.3%	50	774
0	1	—	27.50	0.00	0.00	37.50	1.02	1.18	1.18	33.5%	3	69
107	1	36.2%	19.64	17.60	19.15	40.00	1.14	1.70	1.53	33.6%	150	626
514	46	34.7%	21.64	16.00	17.10	42.50	1.51	2.30	1.81	33.4%	6	205
256	1	33.4%	15.39	14.00	15.15	45.00	1.98	2.60	2.28	30.9%	10	300
152	5	33.0%	14.56	12.40	13.45	47.50	2.60	3.05	3.07	28.9%	1	1,503
255	27	31.3%	11.70	10.80	11.60	50.00	3.45	3.85	3.81	28.3%	1	699
374	14	30.4%	10.35	9.05	10.00	52.50	4.25	4.65	4.10	27.1%	166	720
556	50	29.6%	7.68	7.90	8.55	55.00	4.80	5.70	5.90	26.5%	9	145
USB $57.08
607	10	29.1%	6.62	6.50	7.30	57.50	6.30	6.80	6.08	25.5%	190	341
1,843	5	28.5%	5.60	5.60	6.15	60.00	7.55	8.00	8.35	24.4%	3	111
272	1	28.1%	4.54	4.60	5.15	62.50	8.50	9.50	9.30	23.9%	6	67
732	20	27.3%	3.75	3.90	4.20	65.00	10.20	11.05	11.10	23.0%	20	63
167	1	27.1%	3.35	2.95	3.50	67.50	11.40	12.80	12.80	22.4%	18	40
765	1	26.9%	2.65	2.40	2.89	70.00	13.65	15.10	14.25	23.7%	1	154
271	1	26.7%	2.50	1.90	2.37	72.50	—	—	—	—	—	—
729	100	26.4%	1.82	1.72	1.92	75.00	—	—	—	—	—	—
208	1	26.5%	1.35	1.09	1.32	80.00	22.70	24.20	18.77	26.3%	1	2
109	1	28.1%	0.76	0.51	1.11	85.00	0.00	0.00	23.80	—	3	0
169	1	26.9%	1.07	0.47	0.65	90.00	—	—	—	—	—	—
85	30	27.2%	0.68	0.30	0.46	95.00	—	—	—	—	—	—

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 USB put/call ratio?

For the January 21, 2028 expiration, the USB put/call ratio based on open interest is 0.76 (6,252 puts vs 8,225 calls), and 1.75 based on today's volume. A ratio above 1 means more puts than calls.

What is USB's implied volatility?

At-the-money implied volatility for USB options expiring January 21, 2028 is about 27.3%, an annualized estimate of how much the market expects U.S. Bancorp stock to move.

How many USB option expiration dates are there?

USB has 15 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.