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: Nov 20, 2026
Days to expiration: 40
Share price: $17.09
Put/call ratio (OI): 0.33
Put/call ratio (volume): 0.25
ATM implied volatility: 164.8%
Expected move: ±$9.32
Open interest (C / P): 2.11K / 702

XRPN options summary

The XRPN options chain for the November 20, 2026 expiration lists 9 call and 9 put contracts, with 40 days until expiration. Open interest stands at 2,111 calls and 702 puts, a put/call ratio of 0.33, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $17.50 strike is 164.8%, which implies the market expects a move of about ±$9.32 (54.5%) in Armada Acquisition II stock by expiration.

The most open interest sits at the $17.50 call (1.19K contracts) and the $25.00 put (265 contracts).

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

XRPN options chain · November 20, 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
—	—	—	—	—	—	2.50	0.00	0.05	0.05	259.4%	8	8
0	10	499.2%	20.00	9.80	13.80	5.00	0.00	0.15	0.05	198.4%	30	27
0	20	339.3%	10.27	7.30	11.20	7.50	0.05	2.05	0.39	281.1%	1	35
55	570	239.2%	6.71	4.80	8.60	10.00	1.00	1.10	1.05	202.5%	345	173
10	597	87.3%	4.20	3.40	4.90	12.50	1.30	2.90	1.85	206.9%	44	74
118	64	108.2%	2.04	1.05	3.50	15.00	—	—	—	—	—	—
XRPN $17.09
1,192	74	73.5%	2.15	1.00	2.00	17.50	4.80	7.10	6.36	256.0%	10	33
253	192	91.8%	1.15	0.80	1.40	20.00	7.30	9.10	7.28	278.2%	1	30
245	82	114.1%	1.05	0.80	1.25	22.50	9.70	11.50	9.99	300.9%	2	57
238	223	130.8%	0.65	0.75	1.15	25.00	12.40	14.80	13.80	345.8%	20	265

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 November 20, 2026 expiration, the XRPN put/call ratio based on open interest is 0.33 (702 puts vs 2,111 calls), and 0.25 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 November 20, 2026 is about 164.8%, 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.