Western Alliance Bancorporation (WAL) Options Chain

NYSE: WALFinanceMajor BanksUSD

74.27-1.23 (-1.63%)

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

After hours: 74.27 -0.01%

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 7
Share price: $74.27
Put/call ratio (OI): 1.61
Put/call ratio (volume): 1.98
ATM implied volatility: 41.1%
Expected move: ±$4.23
Open interest (C / P): 983 / 1.58K

WAL options summary

The WAL options chain for the October 16, 2026 expiration lists 8 call and 9 put contracts, with 7 days until expiration. Open interest stands at 983 calls and 1,581 puts, a put/call ratio of 1.61, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $75.00 strike is 41.1%, which implies the market expects a move of about ±$4.23 (5.7%) in Western Alliance Bancorporation stock by expiration.

The most open interest sits at the $80.00 call (311 contracts) and the $82.50 put (410 contracts).

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

WAL options chain · October 16, 2026

WAL 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
—	—	—	—	—	—	55.00	0.00	0.70	0.05	133.2%	—	10
—	—	—	—	—	—	60.00	0.00	0.10	0.05	69.9%	20	32
76	10	55.9%	9.80	8.80	10.00	65.00	0.00	0.15	0.09	50.2%	320	389
—	—	—	—	—	—	70.00	0.05	0.30	0.43	37.8%	1	353
15	—	48.4%	8.00	2.20	3.10	72.50	0.45	0.75	1.10	33.9%	2	150
WAL $74.27
—	—	—	—	—	—	75.00	1.45	2.20	2.20	41.1%	2	157
199	178	37.9%	1.05	0.15	0.55	77.50	2.65	4.00	4.60	44.2%	35	32
311	1	54.5%	0.15	0.05	0.60	80.00	5.20	6.30	5.50	53.5%	10	48
127	4	58.7%	0.10	0.00	0.75	82.50	6.80	9.10	4.15	77.3%	1	410
151	2	68.8%	0.07	0.00	0.70	85.00	—	—	—	—	—	—
88	1	79.3%	0.10	0.00	0.70	87.50	—	—	—	—	—	—
16	1	89.2%	0.60	0.00	0.70	90.00	—	—	—	—	—	—

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 WAL put/call ratio?

For the October 16, 2026 expiration, the WAL put/call ratio based on open interest is 1.61 (1,581 puts vs 983 calls), and 1.98 based on today's volume. A ratio above 1 means more puts than calls.

What is WAL's implied volatility?

At-the-money implied volatility for WAL options expiring October 16, 2026 is about 41.1%, an annualized estimate of how much the market expects Western Alliance Bancorporation stock to move.

How many WAL option expiration dates are there?

WAL has 9 listed expiration dates, from Oct 16, 2026 to Dec 15, 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.