UDN
Invesco DB US Dollar Index Bearish Fund
$17.60
UDN ETF Options Chain and Prices
See Unusual Options Activity for UDN 🔥
In the Money
UDN Option Calls
11/20/26 (m)UDN Option Puts
UDN Option Calls 11/20/26 (m)
| 8.0 | ― | ― | ― | ― | ― |
| 9.0 | ― | ― | ― | ― | ― |
| 10.0 | ― | ― | ― | ― | ― |
| 11.0 | ― | ― | ― | ― | ― |
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| 13.0 | ― | ― | ― | ― | ― |
| 14.0 | ― | ― | ― | ― | ― |
| 15.0 | ― | ― | ― | ― | ― |
| 16.0 | ― | ― | ― | ― | ― |
| 17.0 | ― | ― | ― | ― | ― |
| 18.0 | $0.05 | -44.44% | 1 | 135 | 11/11, 04:42 PM |
| 19.0 | ― | ― | ― | ― | ― |
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| 21.0 | ― | ― | ― | ― | ― |
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| 25.0 | ― | ― | ― | ― | ― |
| 26.0 | ― | ― | ― | ― | ― |
| 27.0 | ― | ― | ― | ― | ― |
| 28.0 | ― | ― | ― | ― | ― |
UDN Option Puts 11/20/26 (m)
| 8.0 | ― | ― | ― | ― | ― |
| 9.0 | ― | ― | ― | ― | ― |
| 10.0 | ― | ― | ― | ― | ― |
| 11.0 | ― | ― | ― | ― | ― |
| 12.0 | ― | ― | ― | ― | ― |
| 13.0 | ― | ― | ― | ― | ― |
| 14.0 | ― | ― | ― | ― | ― |
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| 16.0 | ― | ― | ― | ― | ― |
| 17.0 | ― | ― | ― | ― | ― |
| 18.0 | $0.35 | 0.00% | 1 | 0 | 10/29, 04:57 PM |
| 19.0 | ― | ― | ― | ― | ― |
| 20.0 | ― | ― | ― | ― | ― |
| 21.0 | ― | ― | ― | ― | ― |
| 22.0 | ― | ― | ― | ― | ― |
| 23.0 | ― | ― | ― | ― | ― |
| 24.0 | ― | ― | ― | ― | ― |
| 25.0 | ― | ― | ― | ― | ― |
| 26.0 | ― | ― | ― | ― | ― |
| 27.0 | ― | ― | ― | ― | ― |
| 28.0 | ― | ― | ― | ― | ― |
UDN Options Summary
Expiring Nov 20, 2026 · As of Nov 11, 2026, 11:42 AM ET
- Put/Call Ratio (Volume)
- 1.00
- Put/Call Ratio (Open Interest)
- 0.00
- ATM Implied Volatility
- 16.4%
- Expected Move by Nov 20, 2026
- ±$0.40 (±2.27%)
- Max Pain
- $8.00
Top 1 Strikes by Open Interest
| Strike | Call OI | Put OI | Total OI |
|---|---|---|---|
| $18.00 | 135 | 0 | 135 |
FAQ
What is the put/call ratio for UDN options?
UDN options expiring Nov 20, 2026 show a put/call volume ratio of 1.00 (1 puts vs. 1 calls traded) and a put/call open interest ratio of 0.00 (0 puts vs. 135 calls open) as of Nov 11, 2026, 11:42 AM ET. A ratio above 1 means more puts than calls, which often reflects hedging or a bearish tilt.
What is the implied volatility of UDN options?
The at-the-money implied volatility of UDN options expiring Nov 20, 2026 is 16.4%, derived from the prices of the $18.00 strike call and put as of Nov 11, 2026, 11:42 AM ET.
What is the expected move for UDN by Nov 20, 2026?
The options market prices an expected move of ±$0.40 (±2.27%) for UDN by the Nov 20, 2026 expiration. This is the price of the at-the-money straddle at the $18.00 strike.
What is the max pain price for UDN options?
The max pain strike for UDN options expiring Nov 20, 2026 is $8.00. At that price, the open UDN calls and puts would pay their holders the least at expiration.
Which UDN option strikes have the most open interest?
For the Nov 20, 2026 expiration, the UDN strikes with the most open interest are $18.00 (135 contracts).
Options chain for Invesco DB US Dollar Index Bearish Fund (UDN).

