Western Alliance Bancorporation (WAL) Options Chain

NYSE: WALFinancial ServicesBanks - RegionalUSD

74.27-1.23 (-1.63%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $74.27
Put/call ratio (OI): 1.26
Put/call ratio (volume): 0.78
ATM implied volatility: 41.5%
Expected move: ±$10.21
Open interest (C / P): 737 / 930

WAL options summary

The WAL options chain for the November 20, 2026 expiration lists 14 call and 16 put contracts, with 40 days until expiration. Open interest stands at 737 calls and 930 puts, a put/call ratio of 1.26, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $75.00 strike is 41.5%, which implies the market expects a move of about ±$10.21 (13.7%) in Western Alliance Bancorporation stock by expiration.

The most open interest sits at the $82.50 call (204 contracts) and the $67.50 put (301 contracts).

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

WAL options chain · November 20, 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
—	—	—	—	—	—	40.00	0.00	0.20	0.05	87.5%	5	6
—	—	—	—	—	—	45.00	0.00	0.35	0.05	79.3%	—	15
—	—	—	—	—	—	47.50	0.00	0.20	0.05	65.4%	—	10
—	—	—	—	—	—	50.00	0.00	0.25	0.12	60.9%	—	1
—	—	—	—	—	—	55.00	0.10	0.50	0.21	56.9%	1	2
2	3	128.1%	22.91	18.90	20.90	60.00	0.15	0.60	0.45	51.6%	1	5
—	—	—	—	—	—	65.00	0.85	1.10	1.05	45.3%	1	62
—	—	—	—	—	—	67.50	1.30	1.65	1.50	44.3%	1	301
—	—	—	—	—	—	70.00	1.95	2.35	2.15	43.0%	6	47
—	—	—	—	—	—	72.50	2.45	3.30	3.00	42.1%	1	176
WAL $74.27
38	3	40.6%	3.10	3.20	3.70	75.00	4.10	4.60	4.50	42.4%	12	144
68	3	40.1%	2.60	2.20	2.65	77.50	5.30	6.00	5.50	41.3%	5	73
174	2	39.7%	1.80	1.50	1.85	80.00	7.00	7.90	7.30	43.3%	16	27
204	18	38.8%	1.10	0.80	1.20	82.50	8.90	9.80	6.80	43.5%	2	13
60	1	40.4%	0.85	0.55	0.90	85.00	11.00	12.00	11.30	45.8%	2	36
28	2	39.5%	0.45	0.20	0.55	87.50	13.10	14.20	13.40	46.9%	1	12
29	3	43.0%	0.65	0.15	0.50	90.00	—	—	—	—	—	—
84	30	43.5%	0.40	0.05	0.35	92.50	—	—	—	—	—	—
24	1	45.9%	0.17	0.00	0.30	95.00	—	—	—	—	—	—
24	2	56.4%	0.99	0.20	0.60	100.00	—	—	—	—	—	—
2	1	55.5%	0.05	0.00	0.20	105.00	—	—	—	—	—	—
0	—	25.0%	0.70	0.00	0.00	115.00	—	—	—	—	—	—
0	—	25.0%	0.45	0.00	0.00	120.00	—	—	—	—	—	—

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 November 20, 2026 expiration, the WAL put/call ratio based on open interest is 1.26 (930 puts vs 737 calls), and 0.78 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 November 20, 2026 is about 41.5%, 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.