Zions Bancorporation N.A. (ZION) Options Chain

NASDAQ: ZIONFinanceMajor BanksUSD

62.49-0.24 (-0.38%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 467
Share price: $62.49
Put/call ratio (OI): 0.42
Put/call ratio (volume): 0.55
ATM implied volatility: 29.9%
Expected move: ±$21.15
Open interest (C / P): 681 / 285

ZION options summary

The ZION options chain for the January 21, 2028 expiration lists 22 call and 16 put contracts, with 467 days until expiration. Open interest stands at 681 calls and 285 puts, a put/call ratio of 0.42, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $62.50 strike is 29.9%, which implies the market expects a move of about ±$21.15 (33.8%) in Zions Bancorporation N.A. stock by expiration.

The most open interest sits at the $80.00 call (129 contracts) and the $50.00 put (106 contracts).

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

ZION options chain · January 21, 2028

ZION 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
—	—	—	—	—	—	27.50	0.00	1.05	0.45	54.4%	14	18
3	—	57.4%	32.70	32.00	36.50	30.00	0.15	0.75	0.97	45.4%	1	13
23	2	80.4%	29.69	34.30	36.40	32.50	0.45	1.60	1.70	50.7%	25	29
0	2	—	36.16	0.00	0.00	35.00	0.65	1.20	1.00	42.2%	4	9
—	—	—	—	—	—	37.50	0.90	1.35	1.20	39.5%	1	9
—	—	—	—	—	—	40.00	0.00	0.00	1.30	6.3%	1	0
—	—	—	—	—	—	42.50	1.35	2.25	1.75	38.3%	—	5
21	3	49.4%	20.95	17.50	22.50	45.00	1.95	2.65	2.68	36.6%	2	2
—	—	—	—	—	—	47.50	2.15	2.90	2.64	34.0%	—	10
12	1	60.8%	24.60	21.10	23.20	50.00	2.95	3.60	3.00	33.5%	3	106
17	2	40.7%	19.25	12.50	16.20	52.50	3.10	4.00	3.40	31.1%	2	11
123	10	39.7%	13.50	11.70	14.60	55.00	3.70	4.70	4.10	29.9%	2	45
10	1	36.8%	11.30	11.00	12.60	57.50	4.40	5.40	4.70	28.3%	4	21
0	1	—	12.20	0.00	0.00	60.00	6.30	6.90	6.85	29.4%	1	4
ZION $62.49
5	1	36.0%	10.08	6.50	10.10	62.50	5.70	6.70	6.03	23.8%	1	3
50	2	33.5%	8.18	7.20	8.40	65.00	—	—	—	—	—	—
15	1	40.7%	7.27	4.50	9.50	67.50	—	—	—	—	—	—
44	4	33.0%	8.00	5.20	6.50	70.00	—	—	—	—	—	—
4	1	32.4%	5.90	4.20	5.60	72.50	—	—	—	—	—	—
115	8	31.1%	4.40	1.50	4.60	75.00	—	—	—	—	—	—
87	2	31.4%	3.80	2.80	4.10	77.50	—	—	—	—	—	—
129	60	29.4%	4.10	2.55	3.10	80.00	—	—	—	—	—	—
9	8	30.8%	2.55	1.85	3.00	82.50	—	—	—	—	—	—
2	1	31.4%	2.78	1.50	2.75	85.00	—	—	—	—	—	—
6	1	29.3%	1.65	1.10	1.70	90.00	—	—	—	—	—	—
5	2	40.5%	1.80	2.50	3.40	95.00	—	—	—	—	—	—
1	—	37.6%	2.25	1.35	2.25	100.00	35.00	40.00	35.87	38.9%	1	0

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 ZION put/call ratio?

For the January 21, 2028 expiration, the ZION put/call ratio based on open interest is 0.42 (285 puts vs 681 calls), and 0.55 based on today's volume. A ratio above 1 means more puts than calls.

What is ZION's implied volatility?

At-the-money implied volatility for ZION options expiring January 21, 2028 is about 29.9%, an annualized estimate of how much the market expects Zions Bancorporation N.A. stock to move.

How many ZION option expiration dates are there?

ZION has 8 listed expiration dates, from Oct 16, 2026 to Dec 15, 2028.

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.