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: Apr 16, 2027
Days to expiration: 187
Share price: $20.15
Put/call ratio (OI): 2.39
Put/call ratio (volume): 1.09
ATM implied volatility: 52.7%
Expected move: ±$7.60
Open interest (C / P): 13.03K / 31.08K

ZTO options summary

The ZTO options chain for the April 16, 2027 expiration lists 5 call and 7 put contracts, with 187 days until expiration. Open interest stands at 13,027 calls and 31,079 puts, a put/call ratio of 2.39, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $20.00 strike is 52.7%, which implies the market expects a move of about ±$7.60 (37.7%) in ZTO Express (Cayman) stock by expiration.

The most open interest sits at the $20.00 call (13.01K contracts) and the $15.00 put (15.27K contracts).

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

ZTO options chain · April 16, 2027

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
—	—	—	—	—	—	13.00	0.00	2.00	0.48	75.2%	—	3
—	—	—	—	—	—	14.00	0.00	1.70	0.38	62.0%	236	2,801
—	—	—	—	—	—	15.00	0.00	0.90	0.45	55.3%	22	15,265
—	—	—	—	—	—	19.00	0.60	2.10	1.60	47.4%	—	1
13,009	3,000	46.0%	2.00	1.50	2.70	20.00	0.55	3.30	2.08	59.3%	3,000	13,002
ZTO $20.15
—	—	—	—	—	—	21.00	0.75	3.90	1.89	59.3%	6	7
—	—	—	1.00	—	—	22.00	0.00	0.00	2.33	—	1	0
6	1	59.5%	0.77	0.15	2.10	24.00	—	—	—	—	—	—
6	2	51.2%	0.45	0.00	1.40	25.00	—	—	—	—	—	—
6	4	49.3%	0.35	0.05	1.10	26.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the ZTO put/call ratio based on open interest is 2.39 (31,079 puts vs 13,027 calls), and 1.09 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 April 16, 2027 is about 52.7%, 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.