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: Feb 19, 2027
Days to expiration: 131
Share price: $387.18
Put/call ratio (OI): 2.79
Put/call ratio (volume): 0.83
ATM implied volatility: 44.5%
Expected move: ±$103.28
Open interest (C / P): 734 / 2.05K

ZBRA options summary

The ZBRA options chain for the February 19, 2027 expiration lists 34 call and 25 put contracts, with 131 days until expiration. Open interest stands at 734 calls and 2,050 puts, a put/call ratio of 2.79, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $390.00 strike is 44.5%, which implies the market expects a move of about ±$103.28 (26.7%) in Zebra Technologies stock by expiration.

The most open interest sits at the $430.00 call (413 contracts) and the $270.00 put (1.50K contracts).

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

ZBRA options chain · February 19, 2027

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
—	—	—	—	—	—	135.00	0.00	1.70	1.00	85.5%	—	1
—	—	—	—	—	—	175.00	0.10	2.45	6.00	70.4%	—	1
2	—	—	93.10	185.00	192.60	180.00	5.70	11.30	10.50	103.9%	1	2
—	—	—	—	—	—	190.00	0.00	2.10	0.75	61.7%	8	9
0	—	—	185.45	0.00	0.00	200.00	0.00	2.10	1.00	57.8%	5	6
0	1	—	143.55	0.00	0.00	230.00	0.00	4.90	3.70	55.2%	8	12
8	4	—	49.10	129.50	137.00	240.00	0.00	0.00	6.50	12.5%	1	0
4	1	62.5%	143.10	141.20	147.10	250.00	2.60	8.80	21.00	58.9%	—	5
0	—	—	108.80	109.40	117.40	260.00	0.05	7.70	5.70	60.0%	2	7
0	1	—	117.46	0.00	0.00	270.00	0.60	8.80	9.10	58.2%	1	1,501
2	1	56.4%	103.80	113.50	120.90	280.00	1.45	7.50	10.50	51.0%	1	1
0	1	—	109.85	0.00	0.00	290.00	3.50	8.80	12.94	49.7%	2	302
9	1	53.0%	74.66	96.40	103.90	300.00	3.50	11.20	9.70	50.0%	1	6
—	—	—	—	—	—	310.00	5.10	13.40	13.60	49.3%	2	48
5	1	28.7%	65.80	64.10	71.30	320.00	7.10	15.60	14.92	48.3%	—	7
36	1	54.2%	67.08	72.90	80.40	330.00	12.10	17.50	19.80	46.4%	1	50
0	1	—	73.16	0.00	0.00	340.00	12.10	17.00	16.20	41.1%	4	12
0	—	—	48.48	0.00	0.00	350.00	18.00	23.70	19.96	44.9%	5	49
5	1	49.3%	51.50	52.20	58.90	360.00	18.60	27.10	43.20	43.9%	3	8
9	1	49.7%	47.00	46.20	54.10	370.00	23.10	29.80	28.60	41.7%	2	5
6	7	47.9%	40.20	40.50	47.60	380.00	27.40	35.00	33.00	41.9%	4	5
ZBRA $387.18
6	2	47.7%	37.11	35.30	42.90	390.00	32.30	39.90	36.60	41.4%	1	7
14	1	48.0%	32.86	30.80	39.00	400.00	36.80	45.30	44.00	40.9%	1	3
0	1	1.6%	28.20	0.00	0.00	410.00	43.70	51.50	52.30	40.9%	1	1
10	2	47.1%	26.00	23.20	30.90	420.00	48.70	56.10	56.60	38.8%	1	2
413	4	46.6%	23.17	19.00	27.30	430.00	—	—	—	—	—	—
7	1	46.4%	12.00	18.00	24.20	440.00	—	—	—	—	—	—
8	6	46.2%	9.48	13.00	21.40	450.00	—	—	—	—	—	—
7	6	46.2%	8.70	10.50	19.00	460.00	—	—	—	—	—	—
—	—	—	12.10	—	—	470.00	—	—	—	—	—	—
88	1	46.3%	10.70	6.60	15.10	480.00	—	—	—	—	—	—
—	—	—	9.00	—	—	490.00	—	—	—	—	—	—
6	1	46.9%	8.60	4.00	12.20	500.00	—	—	—	—	—	—
1	—	47.3%	6.30	2.60	11.10	510.00	—	—	—	—	—	—
0	4	12.5%	10.20	0.00	0.00	520.00	—	—	—	—	—	—
7	2	47.6%	4.00	1.50	8.90	530.00	—	—	—	—	—	—
—	—	—	4.40	—	—	540.00	—	—	—	—	—	—
81	13	48.0%	3.30	0.05	7.20	550.00	—	—	—	—	—	—

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 February 19, 2027 expiration, the ZBRA put/call ratio based on open interest is 2.79 (2,050 puts vs 734 calls), and 0.83 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 February 19, 2027 is about 44.5%, 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.