Westinghouse Air Brake Technologies (WAB) Options Chain

NYSE: WABIndustrialsRailroadsUSD

285.43+4.63 (+1.65%)

At close: Oct 9, 4:02 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $285.43
Put/call ratio (OI): 0.21
Put/call ratio (volume): 0.53
ATM implied volatility: 28.9%
Expected move: ±$42.30
Open interest (C / P): 927 / 199

WAB options summary

The WAB options chain for the January 15, 2027 expiration lists 25 call and 19 put contracts, with 96 days until expiration. Open interest stands at 927 calls and 199 puts, a put/call ratio of 0.21, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $290.00 strike is 28.9%, which implies the market expects a move of about ±$42.30 (14.8%) in Westinghouse Air Brake Technologies stock by expiration.

The most open interest sits at the $350.00 call (302 contracts) and the $250.00 put (44 contracts).

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

WAB options chain · January 15, 2027

WAB 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
2	1	125.1%	103.78	133.40	137.30	165.00	0.00	0.00	0.15	25.0%	15	0
0	2	—	96.50	0.00	0.00	170.00	0.00	0.00	1.58	25.0%	4	0
—	—	—	—	—	—	175.00	0.00	2.30	0.40	55.7%	1	6
1	1	112.1%	84.73	119.00	122.70	180.00	0.00	2.35	0.45	53.1%	—	2
31	1	107.5%	84.20	113.90	117.80	185.00	0.00	2.45	0.55	50.9%	1	2
11	1	104.1%	78.90	109.50	113.00	190.00	0.00	2.45	0.60	56.3%	1	2
4	2	100.2%	103.68	104.70	108.20	195.00	—	—	—	—	—	—
11	1	50.9%	91.70	86.10	89.80	200.00	0.00	2.55	1.08	51.1%	1	34
1	4	54.5%	78.66	77.40	80.20	210.00	0.00	0.00	1.50	12.5%	2	0
1	1	83.0%	48.45	81.70	84.40	220.00	0.70	2.90	5.70	41.5%	—	2
30	1	45.4%	65.85	58.50	61.20	230.00	0.05	3.50	1.75	38.3%	1	3
0	5	—	61.90	0.00	0.00	240.00	0.65	3.90	1.85	34.0%	1	37
94	3	38.7%	44.75	39.90	43.50	250.00	1.70	4.50	3.00	30.1%	8	44
14	2	35.3%	39.80	31.70	35.00	260.00	4.00	5.90	3.50	27.5%	8	24
6	1	32.6%	30.35	24.20	27.30	270.00	6.10	8.60	7.00	26.4%	2	16
25	1	30.2%	19.60	18.20	20.40	280.00	9.00	12.10	13.80	25.2%	2	14
WAB $285.43
60	2	28.9%	15.30	12.50	14.90	290.00	—	—	—	—	—	—
60	1	27.9%	10.70	7.20	10.50	300.00	19.10	21.90	18.30	22.2%	2	11
27	2	27.9%	9.40	3.90	7.50	310.00	29.10	32.80	24.90	29.3%	1	2
69	1	27.5%	4.90	1.80	5.10	320.00	—	—	—	—	—	—
64	1	29.2%	3.70	0.45	4.10	330.00	—	—	—	—	—	—
7	1	30.6%	3.00	0.00	3.30	340.00	—	—	—	—	—	—
302	1	31.3%	1.00	0.00	2.50	350.00	51.30	54.00	80.70	—	1	0
88	50	34.3%	2.50	0.00	2.50	360.00	72.50	76.60	70.30	32.5%	—	0
7	1	41.2%	1.55	0.25	3.70	370.00	—	—	—	—	—	—
12	9	28.8%	0.35	0.00	0.50	380.00	—	—	—	—	—	—

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 WAB put/call ratio?

For the January 15, 2027 expiration, the WAB put/call ratio based on open interest is 0.21 (199 puts vs 927 calls), and 0.53 based on today's volume. A ratio above 1 means more puts than calls.

What is WAB's implied volatility?

At-the-money implied volatility for WAB options expiring January 15, 2027 is about 28.9%, an annualized estimate of how much the market expects Westinghouse Air Brake Technologies stock to move.

How many WAB option expiration dates are there?

WAB has 6 listed expiration dates, from Oct 16, 2026 to May 21, 2027.

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.