Average implied volatility across the listed chain right now: 142%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.
Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.
The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 16 Oct 2026 | $8.00 | $0.20 | $0.05/$0.35 | 1 | 81 | 63% |
| 16 Oct 2026 | $7.00 | $0.74 | $0.65/$1.00 | 0 | 71 | 67% |
| 16 Oct 2026 | $9.00 | $0.01 | $0.00/$0.05 | 5 | 8 | 54% |
| 16 Oct 2026 | $6.00 | $1.85 | $1.55/$1.95 | 2 | 61 | 0% |
| 16 Oct 2026 | $10.00 | $0.00 | $0.00/$0.30 | 0 | 3 | 60% |
| 16 Oct 2026 | $5.00 | $2.62 | $2.35/$2.95 | 0 | 0 | 0% |
| 16 Oct 2026 | $11.00 | $0.00 | $0.00/$0.25 | 0 | 1 | 68% |
| 16 Oct 2026 | $4.00 | $3.62 | $3.30/$4.10 | 0 | 0 | 0% |
| 16 Oct 2026 | $12.00 | $0.00 | $0.00/$0.30 | 0 | 0 | 84% |
| 16 Oct 2026 | $3.00 | $4.62 | $4.30/$5.10 | 0 | 0 | 0% |
| 16 Oct 2026 | $13.00 | $0.00 | $0.00/$0.30 | 0 | 0 | 98% |
| 16 Oct 2026 | $2.00 | $5.62 | $5.30/$6.10 | 0 | 0 | 0% |
| 16 Oct 2026 | $14.00 | $0.00 | $0.00/$0.30 | 0 | 0 | 111% |
| 16 Oct 2026 | $1.00 | $6.85 | $6.30/$7.00 | 2 | 6 | 0% |
| 16 Oct 2026 | $15.00 | $0.00 | $0.00/$0.30 | 0 | 0 | 123% |
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 16 Oct 2026 | $8.00 | $0.50 | $0.30/$0.60 | 1 | 18 | 67% |
| 16 Oct 2026 | $7.00 | $0.05 | $0.00/$0.20 | 10 | 234 | 63% |
| 16 Oct 2026 | $9.00 | $1.40 | $1.10/$1.50 | 0 | 4 | 85% |
| 16 Oct 2026 | $6.00 | $0.02 | $0.00/$0.05 | 0 | 164 | 99% |
| 16 Oct 2026 | $10.00 | $2.39 | $2.05/$2.65 | 0 | 1 | 144% |
| 16 Oct 2026 | $5.00 | $0.00 | $0.00/$0.10 | 0 | 1 | 111% |
| 16 Oct 2026 | $11.00 | $3.38 | $2.95/$3.70 | 0 | 0 | 168% |
| 16 Oct 2026 | $4.00 | $0.00 | $0.00/$0.30 | 0 | 0 | 129% |
| 16 Oct 2026 | $12.00 | $4.38 | $3.90/$4.70 | 0 | 0 | 184% |
| 16 Oct 2026 | $3.00 | $0.00 | $0.00/$0.30 | 0 | 0 | 182% |
| 16 Oct 2026 | $13.00 | $5.38 | $4.90/$5.70 | 0 | 0 | 209% |
| 16 Oct 2026 | $2.00 | $0.00 | $0.00/$0.30 | 0 | 0 | 258% |
| 16 Oct 2026 | $14.00 | $6.38 | $5.90/$6.70 | 0 | 0 | 231% |
| 16 Oct 2026 | $1.00 | $0.00 | $0.00/$0.05 | 0 | 0 | 388% |
| 16 Oct 2026 | $15.00 | $7.38 | $6.90/$7.70 | 0 | 0 | 252% |
Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.
No comments yet — be the first to weigh in on ADTN.