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: Dec 15, 2028
Days to expiration: 796
Share price: $57.08
Put/call ratio (OI): 0.61
Put/call ratio (volume): 2.29
ATM implied volatility: 26.9%
Expected move: ±$22.67
Open interest (C / P): 3.39K / 2.07K

USB options summary

The USB options chain for the December 15, 2028 expiration lists 23 call and 18 put contracts, with 796 days until expiration. Open interest stands at 3,387 calls and 2,074 puts, a put/call ratio of 0.61, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $57.50 strike is 26.9%, which implies the market expects a move of about ±$22.67 (39.7%) in U.S. Bancorp stock by expiration.

The most open interest sits at the $70.00 call (834 contracts) and the $45.00 put (780 contracts).

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

USB options chain · December 15, 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
6	6	68.2%	35.00	32.50	36.85	27.50	0.77	0.97	0.80	37.9%	10	98
—	—	—	—	—	—	30.00	0.99	1.17	1.18	35.9%	5	125
0	2	—	23.90	0.00	0.00	32.50	1.25	1.65	1.44	35.9%	5	43
23	10	61.2%	25.12	27.85	30.55	35.00	1.55	1.98	1.75	34.3%	10	38
1	1	32.9%	22.85	20.35	21.95	37.50	1.72	2.13	2.14	31.6%	1	10
10	5	32.5%	24.60	18.95	20.10	40.00	2.18	2.59	2.47	30.5%	1	25
137	7	32.2%	20.50	17.20	18.35	42.50	2.67	3.15	3.20	29.5%	1	2
126	6	31.5%	18.80	15.60	16.60	45.00	3.25	3.75	3.75	28.4%	400	780
29	1	31.0%	16.16	14.15	15.00	47.50	3.20	4.50	4.50	27.7%	9	15
226	6	30.5%	15.60	12.45	13.50	50.00	4.45	5.00	4.57	25.7%	2	24
201	3	30.1%	11.68	11.20	12.10	52.50	5.80	6.25	6.00	26.0%	1	8
154	1	29.7%	12.69	10.00	10.80	55.00	5.30	5.85	5.97	20.8%	1	38
USB $57.08
85	1	29.3%	13.01	8.90	9.60	57.50	7.00	8.45	8.45	24.6%	25	28
122	3	28.9%	9.70	7.70	8.50	60.00	8.95	9.75	9.75	23.9%	25	77
222	2	28.5%	8.40	6.50	7.50	62.50	10.05	11.40	9.65	24.0%	1	7
89	1	28.4%	6.99	5.65	6.65	65.00	11.00	12.95	10.56	23.5%	1	5
476	400	28.4%	5.42	5.15	5.95	67.50	—	—	—	—	—	—
834	1	27.9%	5.58	4.60	5.15	70.00	15.20	16.20	12.93	22.0%	750	751
1	1	27.8%	4.65	4.00	4.55	72.50	—	—	—	—	—	—
525	2	27.7%	5.95	3.50	4.00	75.00	0.00	0.00	23.50	—	—	0
0	6	6.3%	6.00	0.00	0.00	80.00	—	—	—	—	—	—
81	1	33.4%	4.10	3.10	4.00	85.00	—	—	—	—	—	—
26	20	27.8%	2.00	1.29	1.97	90.00	—	—	—	—	—	—
13	58	27.9%	2.21	0.93	1.57	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 December 15, 2028 expiration, the USB put/call ratio based on open interest is 0.61 (2,074 puts vs 3,387 calls), and 2.29 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 December 15, 2028 is about 26.9%, 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.