Zevra Therapeutics (ZVRA) Options Chain

NASDAQ: ZVRAHealth CareBiotechnology: Pharmaceutical PreparationsUSD

11.39+0.39 (+3.55%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $11.39
Put/call ratio (OI): 3.31
Put/call ratio (volume): 0.82
ATM implied volatility: 74.0%
Expected move: ±$3.64
Open interest (C / P): 6.61K / 21.92K

ZVRA options summary

The ZVRA options chain for the December 18, 2026 expiration lists 19 call and 14 put contracts, with 68 days until expiration. Open interest stands at 6,614 calls and 21,919 puts, a put/call ratio of 3.31, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $11.00 strike is 74.0%, which implies the market expects a move of about ±$3.64 (31.9%) in Zevra Therapeutics stock by expiration.

The most open interest sits at the $11.00 call (1.70K contracts) and the $5.00 put (20.25K contracts).

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

ZVRA options chain · December 18, 2026

ZVRA 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
102	—	168.8%	10.00	7.30	11.50	2.00	—	—	—	—	—	—
147	114	612.5%	8.85	6.30	10.40	3.00	0.00	2.20	0.20	410.9%	—	1
221	38	444.7%	8.10	5.30	9.30	4.00	0.00	2.20	0.05	324.6%	7	6
178	4	358.8%	5.98	4.40	8.30	5.00	0.00	0.10	0.01	106.3%	46	20,252
61	14	296.7%	6.70	3.40	7.30	6.00	0.00	2.50	0.65	233.2%	—	1
0	14	—	4.80	0.00	0.00	7.00	0.00	1.00	0.05	127.0%	—	1
220	4	89.3%	3.60	3.10	4.40	8.00	0.00	2.35	0.19	153.9%	160	1,468
56	2	110.3%	2.65	2.00	4.70	9.00	0.00	2.55	0.48	130.9%	2	10
255	75	93.3%	1.60	1.00	4.00	10.00	0.00	1.20	0.75	63.1%	82	24
1,704	4	57.8%	1.00	0.75	1.90	11.00	0.00	3.10	1.34	90.1%	240	27
ZVRA $11.39
1,346	441	54.5%	1.02	0.50	1.15	12.00	0.05	3.70	2.41	76.9%	26	11
37	172	72.4%	1.30	0.00	0.85	13.00	0.40	4.30	2.07	66.5%	22	57
3	1	119.8%	0.50	0.00	3.00	14.00	1.20	5.10	2.95	68.5%	144	56
85	24	61.6%	0.32	0.00	0.55	15.00	2.10	5.90	2.90	69.7%	10	5
1,003	16	127.0%	0.68	0.00	2.40	16.00	—	—	—	—	—	—
1,162	2	157.6%	1.03	0.00	3.20	17.00	0.00	0.00	5.80	—	28	0
32	6	168.5%	1.25	0.00	2.70	20.00	—	—	—	—	—	—
0	5	211.1%	0.05	0.00	3.80	22.00	—	—	—	—	—	—
2	—	188.1%	0.40	0.00	2.35	25.00	—	—	—	—	—	—

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 ZVRA put/call ratio?

For the December 18, 2026 expiration, the ZVRA put/call ratio based on open interest is 3.31 (21,919 puts vs 6,614 calls), and 0.82 based on today's volume. A ratio above 1 means more puts than calls.

What is ZVRA's implied volatility?

At-the-money implied volatility for ZVRA options expiring December 18, 2026 is about 74.0%, an annualized estimate of how much the market expects Zevra Therapeutics stock to move.

How many ZVRA option expiration dates are there?

ZVRA has 9 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

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.