Wave Life Sciences (WVE) Options Chain

NASDAQ: WVEHealth CareBiotechnology: Pharmaceutical PreparationsUSD

3.46-0.01 (-0.29%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $3.46
Put/call ratio (OI): 0.10
Put/call ratio (volume): 0.02
ATM implied volatility: 143.9%
Expected move: ±$2.15
Open interest (C / P): 13.64K / 1.39K

WVE options summary

The WVE options chain for the December 18, 2026 expiration lists 22 call and 18 put contracts, with 68 days until expiration. Open interest stands at 13,640 calls and 1,385 puts, a put/call ratio of 0.10, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $3.00 strike is 143.9%, which implies the market expects a move of about ±$2.15 (62.1%) in Wave Life Sciences stock by expiration.

The most open interest sits at the $8.00 call (4.03K contracts) and the $4.00 put (796 contracts).

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

WVE options chain · December 18, 2026

WVE 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
38	1	174.2%	1.15	0.05	2.35	3.00	0.25	0.60	0.48	113.7%	4	74
WVE $3.46
148	35	178.5%	0.55	0.00	1.75	4.00	0.75	1.20	1.00	104.7%	5	796
827	50	159.2%	0.39	0.15	0.90	5.00	1.40	2.90	1.84	173.4%	1	327
2,469	7	155.7%	0.26	0.25	0.45	6.00	2.20	3.40	1.70	138.3%	1	35
154	20	176.6%	0.26	0.00	0.70	7.00	3.10	4.30	3.25	135.9%	2	114
4,033	2,011	172.7%	0.20	0.00	0.50	8.00	0.00	0.00	3.00	—	1	0
12	1	401.9%	0.15	0.00	2.95	9.00	—	—	—	—	—	—
3,138	4	172.7%	0.05	0.00	0.30	10.00	0.00	0.00	4.35	—	2	0
0	1	50.0%	1.03	0.00	0.00	11.00	0.00	0.00	4.90	—	2	0
293	50	165.6%	0.05	0.00	0.15	12.00	7.80	9.30	8.56	121.9%	1	14
—	—	—	—	—	—	13.00	0.00	0.00	7.30	—	2	0
4	1	603.5%	0.05	0.00	4.50	14.00	—	—	—	—	—	—
1,824	4	240.6%	0.05	0.00	0.50	15.00	0.00	0.00	8.90	—	2	0
1	—	639.8%	0.32	0.00	4.70	16.00	0.00	0.00	9.72	—	1	0
0	1	50.0%	0.05	0.00	0.00	17.00	0.00	0.00	11.78	—	5	0
104	50	675.8%	0.35	0.00	4.90	18.00	10.00	14.90	12.24	284.0%	2	2
225	1	318.0%	0.50	0.00	0.95	20.00	0.00	0.00	9.58	—	3	0
57	5	682.4%	0.25	0.00	4.80	22.00	7.50	12.50	9.51	—	—	0
0	1	50.0%	0.10	0.00	0.00	25.00	10.60	15.40	11.20	—	20	21
1	1	419.3%	0.21	0.00	1.75	27.00	21.80	22.20	20.70	—	1	2
95	2	513.3%	0.10	0.00	2.75	30.00	—	—	—	—	—	—
2	2	716.4%	0.20	0.00	4.80	32.00	—	—	—	—	—	—
215	2	370.3%	0.10	0.00	0.95	35.00	—	—	—	—	—	—

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 WVE put/call ratio?

For the December 18, 2026 expiration, the WVE put/call ratio based on open interest is 0.10 (1,385 puts vs 13,640 calls), and 0.02 based on today's volume. A ratio above 1 means more puts than calls.

What is WVE's implied volatility?

At-the-money implied volatility for WVE options expiring December 18, 2026 is about 143.9%, an annualized estimate of how much the market expects Wave Life Sciences stock to move.

How many WVE option expiration dates are there?

WVE has 7 listed expiration dates, from Oct 16, 2026 to Jan 21, 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.