Zimmer Biomet (ZBH) Options Chain

NYSE: ZBHHealth CareIndustrial SpecialtiesUSD

89.14+0.26 (+0.29%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $89.14
Put/call ratio (OI): 1.77
Put/call ratio (volume): 1.11
ATM implied volatility: 36.9%
Expected move: ±$16.88
Open interest (C / P): 1.54K / 2.72K

ZBH options summary

The ZBH options chain for the January 15, 2027 expiration lists 25 call and 17 put contracts, with 96 days until expiration. Open interest stands at 1,536 calls and 2,717 puts, a put/call ratio of 1.77, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $90.00 strike is 36.9%, which implies the market expects a move of about ±$16.88 (18.9%) in Zimmer Biomet stock by expiration.

The most open interest sits at the $100.00 call (880 contracts) and the $90.00 put (1.03K contracts).

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

ZBH options chain · January 15, 2027

ZBH 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
0	1	—	51.50	0.00	0.00	45.00	0.00	1.80	0.20	90.0%	10	21
2	1	90.9%	38.50	38.80	42.70	50.00	0.00	0.70	0.25	64.0%	1	102
5	1	103.2%	43.60	36.00	39.50	55.00	0.00	0.40	0.55	56.3%	1	171
0	1	—	36.25	0.00	0.00	60.00	0.00	0.95	0.31	58.2%	2	13
0	14	—	22.59	0.00	0.00	65.00	0.00	0.00	0.40	12.5%	5	0
73	1	59.5%	22.00	18.90	22.10	70.00	0.00	1.20	0.40	42.8%	10	101
14	1	48.5%	16.95	15.20	17.10	75.00	0.45	3.30	1.00	51.1%	5	102
39	1	44.9%	11.27	10.70	13.20	80.00	0.70	3.50	2.25	41.3%	2	156
58	1	41.1%	7.88	7.40	9.60	85.00	2.10	4.90	3.60	37.9%	6	105
ZBH $89.14
52	2	39.3%	5.30	4.20	6.80	90.00	4.30	6.80	5.00	34.6%	6	1,028
51	2	35.0%	3.90	2.30	4.10	95.00	7.30	9.40	6.20	31.9%	1	605
880	1	32.4%	1.70	1.65	2.30	100.00	10.80	13.00	6.43	31.4%	1	299
52	1	32.5%	2.46	0.40	1.40	105.00	15.30	17.30	20.10	32.8%	3	5
64	1	34.8%	2.05	0.00	1.05	110.00	13.50	17.40	13.40	—	1	1
43	1	38.5%	2.05	0.00	0.95	115.00	17.50	22.50	21.67	—	—	1
32	1	43.0%	1.25	0.00	0.95	120.00	0.00	0.00	21.81	—	7	0
83	1	47.1%	0.60	0.00	0.95	125.00	0.00	0.00	34.50	—	—	7
48	1	51.0%	0.63	0.00	0.95	130.00	—	—	—	—	—	—
0	5	12.5%	1.70	0.00	0.00	135.00	—	—	—	—	—	—
4	2	70.4%	2.70	0.60	3.50	140.00	—	—	—	—	—	—
0	1	25.0%	0.20	0.00	0.00	145.00	—	—	—	—	—	—
13	1	53.8%	0.10	0.00	0.75	150.00	—	—	—	—	—	—
2	1	70.1%	1.06	0.00	2.30	155.00	—	—	—	—	—	—
17	11	77.0%	1.80	0.00	2.90	160.00	—	—	—	—	—	—
4	1	25.0%	0.80	0.00	0.00	165.00	—	—	—	—	—	—

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 ZBH put/call ratio?

For the January 15, 2027 expiration, the ZBH put/call ratio based on open interest is 1.77 (2,717 puts vs 1,536 calls), and 1.11 based on today's volume. A ratio above 1 means more puts than calls.

What is ZBH's implied volatility?

At-the-money implied volatility for ZBH options expiring January 15, 2027 is about 36.9%, an annualized estimate of how much the market expects Zimmer Biomet stock to move.

How many ZBH option expiration dates are there?

ZBH has 7 listed expiration dates, from Oct 16, 2026 to Sep 17, 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.