Armada Acquisition II (XRPN) Options Chain

NASDAQ: XRPNFinanceBlank ChecksUSD

17.09-7.11 (-29.38%)

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

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 6
Share price: $17.09
Put/call ratio (OI): 0.78
Put/call ratio (volume): 0.24
ATM implied volatility: 288.6%
Expected move: ±$6.32
Open interest (C / P): 8.97K / 7.04K

XRPN options summary

The XRPN options chain for the October 16, 2026 expiration lists 10 call and 9 put contracts, with 6 days until expiration. Open interest stands at 8,972 calls and 7,042 puts, a put/call ratio of 0.78, which is fairly balanced between calls and puts. At-the-money implied volatility near the $17.50 strike is 288.6%, which implies the market expects a move of about ±$6.32 (37.0%) in Armada Acquisition II stock by expiration.

The most open interest sits at the $20.00 call (3.29K contracts) and the $10.00 put (2.07K contracts).

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

XRPN options chain · October 16, 2026

XRPN 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
5	1	865.6%	18.20	13.30	16.10	2.50	—	—	—	—	—	—
12	27	703.9%	12.00	10.60	12.40	5.00	0.00	0.05	0.05	437.5%	20	64
11	50	532.0%	10.10	8.00	10.00	7.50	0.05	0.15	0.15	379.7%	197	158
105	3,042	344.5%	6.70	6.30	7.40	10.00	0.25	0.40	0.25	349.2%	448	2,073
15	1,318	228.1%	4.00	3.60	4.90	12.50	0.35	1.00	0.80	304.3%	238	350
654	1,567	81.6%	1.90	1.95	2.40	15.00	1.05	2.00	2.00	298.1%	520	1,326
XRPN $17.09
625	2,459	172.3%	1.15	1.10	1.55	17.50	3.20	4.30	4.00	404.9%	56	119
3,289	1,037	215.2%	0.85	0.75	1.05	20.00	5.90	6.40	6.32	488.3%	469	978
2,043	1,582	234.8%	0.65	0.50	0.65	22.50	7.60	10.30	9.00	595.7%	336	81
2,213	1,008	272.3%	0.55	0.30	0.70	25.00	10.70	11.50	10.90	615.4%	573	1,893

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 XRPN put/call ratio?

For the October 16, 2026 expiration, the XRPN put/call ratio based on open interest is 0.78 (7,042 puts vs 8,972 calls), and 0.24 based on today's volume. A ratio above 1 means more puts than calls.

What is XRPN's implied volatility?

At-the-money implied volatility for XRPN options expiring October 16, 2026 is about 288.6%, an annualized estimate of how much the market expects Armada Acquisition II stock to move.

How many XRPN option expiration dates are there?

XRPN has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 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.