Zebra Technologies (ZBRA) Options Chain

NASDAQ: ZBRAIndustrialsIndustrial Machinery/ComponentsUSD

387.18+5.04 (+1.32%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $387.18
Put/call ratio (OI): 1.53
Put/call ratio (volume): 4.50
ATM implied volatility: 55.4%
Expected move: ±$71.00
Open interest (C / P): 715 / 1.09K

ZBRA options summary

The ZBRA options chain for the November 20, 2026 expiration lists 36 call and 40 put contracts, with 40 days until expiration. Open interest stands at 715 calls and 1,094 puts, a put/call ratio of 1.53, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $390.00 strike is 55.4%, which implies the market expects a move of about ±$71.00 (18.3%) in Zebra Technologies stock by expiration.

The most open interest sits at the $350.00 call (142 contracts) and the $270.00 put (135 contracts).

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

ZBRA options chain · November 20, 2026

ZBRA 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
—	—	—	—	—	—	105.00	0.05	5.20	1.01	231.0%	6	7
—	—	—	—	—	—	110.00	0.00	4.80	2.00	219.3%	28	9
—	—	—	—	—	—	115.00	0.00	0.00	2.26	50.0%	1	0
—	—	—	—	—	—	120.00	0.00	3.60	1.66	194.2%	1	70
—	—	—	—	—	—	125.00	0.00	3.40	1.15	186.0%	1	90
1	1	—	120.90	230.70	238.90	130.00	0.00	2.25	1.75	167.7%	34	6
—	—	—	—	—	—	135.00	0.00	7.30	1.84	202.5%	46	14
—	—	—	—	—	—	140.00	0.00	4.80	3.50	179.8%	—	1
—	—	—	—	—	—	145.00	0.00	1.70	2.30	145.5%	—	1
2	1	—	102.20	211.00	219.20	150.00	0.00	1.70	1.65	140.8%	88	17
—	—	—	—	—	—	155.00	0.00	1.70	3.20	136.3%	1	2
2	—	—	75.94	96.30	104.60	160.00	0.00	1.90	1.50	134.2%	50	36
—	—	—	—	—	—	165.00	0.00	1.70	2.75	127.7%	10	4
—	—	—	—	—	—	170.00	0.00	1.70	3.10	123.6%	54	19
2	2	—	79.90	186.40	194.50	175.00	0.05	9.10	6.74	165.6%	—	1
—	—	—	—	—	—	180.00	0.00	3.40	0.37	130.3%	1	1
—	—	—	—	—	—	185.00	0.00	1.70	4.95	112.0%	—	5
—	—	—	—	—	—	190.00	9.40	12.90	14.00	192.8%	—	10
—	—	—	—	—	—	195.00	0.00	1.70	5.65	104.8%	—	5
3	1	111.3%	153.10	185.00	192.30	200.00	0.00	3.40	7.97	114.3%	1	3
—	—	—	—	—	—	210.00	0.10	3.20	0.10	106.3%	1	19
—	—	—	—	—	—	220.00	0.00	3.40	0.93	99.8%	5	33
0	1	—	139.65	0.00	0.00	230.00	0.00	0.00	1.45	25.0%	1	0
0	1	—	41.00	0.00	0.00	240.00	0.00	3.40	0.60	86.5%	38	131
1	1	85.2%	138.74	136.30	142.60	250.00	0.00	1.70	0.80	70.5%	22	124
6	1	—	36.95	105.60	111.20	260.00	0.00	1.90	1.05	66.2%	6	98
11	1	74.7%	110.50	116.10	123.40	270.00	0.00	2.10	0.90	62.0%	2	135
6	2	—	31.00	87.70	94.70	280.00	0.00	2.30	1.90	57.6%	1	20
0	2	—	94.15	0.00	0.00	290.00	0.05	6.50	2.35	66.6%	1	5
13	2	63.8%	61.82	88.00	94.30	300.00	0.05	4.30	3.20	54.5%	1	8
0	1	60.6%	80.10	78.20	85.50	310.00	1.10	5.20	4.10	53.9%	1	17
6	1	—	13.67	55.40	63.00	320.00	1.80	8.70	5.40	56.4%	8	15
13	7	55.5%	46.00	60.30	68.00	330.00	4.70	6.00	6.50	50.3%	1	7
14	1	53.7%	47.90	52.00	59.80	340.00	2.60	11.00	7.40	59.8%	8	23
142	2	52.6%	46.50	44.30	52.40	350.00	4.80	13.30	10.60	57.8%	1	12
64	1	51.1%	33.27	37.10	45.00	360.00	7.80	16.00	12.68	55.8%	6	11
71	1	58.1%	31.50	30.50	38.40	370.00	11.30	19.00	15.69	53.5%	2	44
35	1	56.3%	24.15	25.90	32.20	380.00	15.60	23.00	28.60	52.3%	2	91
ZBRA $387.18
33	1	55.4%	24.46	19.20	27.00	390.00	0.00	0.00	42.50	—	1	0
91	4	55.4%	18.91	14.60	22.80	400.00	0.00	0.00	44.70	—	2	0
10	1	54.6%	14.00	10.70	18.70	410.00	—	—	—	—	—	—
75	4	48.4%	11.40	10.00	12.60	420.00	—	—	—	—	—	—
81	1	55.0%	7.07	6.90	13.00	430.00	—	—	—	—	—	—
1	37	49.3%	6.70	6.00	8.30	440.00	—	—	—	—	—	—
14	6	58.0%	5.18	2.00	9.90	450.00	—	—	—	—	—	—
1	—	55.4%	3.71	1.35	7.20	460.00	—	—	—	—	—	—
7	6	53.4%	2.32	0.05	8.20	480.00	—	—	—	—	—	—
6	—	56.3%	1.75	0.05	7.90	490.00	—	—	—	—	—	—
1	1	53.0%	1.65	0.05	4.90	500.00	—	—	—	—	—	—
0	3	12.5%	2.60	0.00	0.00	510.00	—	—	—	—	—	—
3	1	58.7%	0.75	0.00	4.90	520.00	—	—	—	—	—	—
0	—	25.0%	1.65	0.00	0.00	530.00	—	—	—	—	—	—
0	—	25.0%	1.50	0.00	0.00	540.00	—	—	—	—	—	—

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 ZBRA put/call ratio?

For the November 20, 2026 expiration, the ZBRA put/call ratio based on open interest is 1.53 (1,094 puts vs 715 calls), and 4.50 based on today's volume. A ratio above 1 means more puts than calls.

What is ZBRA's implied volatility?

At-the-money implied volatility for ZBRA options expiring November 20, 2026 is about 55.4%, an annualized estimate of how much the market expects Zebra Technologies stock to move.

How many ZBRA option expiration dates are there?

ZBRA has 6 listed expiration dates, from Oct 16, 2026 to Aug 20, 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.