ZTO Express (Cayman) (ZTO) Options Chain

NYSE: ZTOIndustrialsTrucking Freight/Courier ServicesUSD

20.15+0.25 (+1.26%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $20.15
Put/call ratio (OI): 2.82
Put/call ratio (volume): 1.02
ATM implied volatility: 42.0%
Expected move: ±$3.65
Open interest (C / P): 1.40K / 3.95K

ZTO options summary

The ZTO options chain for the December 18, 2026 expiration lists 12 call and 10 put contracts, with 68 days until expiration. Open interest stands at 1,399 calls and 3,947 puts, a put/call ratio of 2.82, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $20.00 strike is 42.0%, which implies the market expects a move of about ±$3.65 (18.1%) in ZTO Express (Cayman) stock by expiration.

The most open interest sits at the $22.00 call (1.00K contracts) and the $18.00 put (2.44K contracts).

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

ZTO options chain · December 18, 2026

ZTO 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
—	—	—	—	—	—	15.00	0.00	0.75	0.26	65.5%	189	190
0	—	—	8.00	0.00	0.00	17.00	—	—	—	—	—	—
—	—	—	—	—	—	18.00	0.00	0.90	0.58	54.1%	170	2,437
33	2	60.2%	1.70	1.25	2.65	19.00	0.15	1.60	0.60	63.3%	10	30
23	20	45.6%	1.35	0.70	1.65	20.00	0.80	1.25	1.50	38.3%	9	27
ZTO $20.15
1	1	101.3%	4.00	1.60	4.70	21.00	0.45	1.80	1.45	37.6%	1	101
1,005	1,231	56.5%	0.55	0.00	1.25	22.00	0.90	3.20	2.70	59.4%	100	105
0	58	6.3%	2.00	0.00	0.00	23.00	0.00	0.00	2.15	—	—	0
172	40	58.5%	0.65	0.00	0.80	24.00	3.70	5.00	3.54	69.9%	2	54
0	1	12.5%	0.45	0.00	0.00	25.00	3.10	5.00	3.28	37.3%	1,003	1,003
2	2	76.6%	2.98	0.50	1.40	26.00	—	—	—	—	—	—
80	80	104.0%	0.76	0.00	3.20	27.00	—	—	—	—	—	—
23	20	92.0%	0.45	0.00	1.60	30.00	0.00	0.00	6.40	—	—	0
60	—	92.6%	0.65	0.00	0.80	35.00	—	—	—	—	—	—

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 ZTO put/call ratio?

For the December 18, 2026 expiration, the ZTO put/call ratio based on open interest is 2.82 (3,947 puts vs 1,399 calls), and 1.02 based on today's volume. A ratio above 1 means more puts than calls.

What is ZTO's implied volatility?

At-the-money implied volatility for ZTO options expiring December 18, 2026 is about 42.0%, an annualized estimate of how much the market expects ZTO Express (Cayman) stock to move.

How many ZTO option expiration dates are there?

ZTO has 5 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.