ARI · Apollo Commercial Real Estate Finance, Inc.

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$6.77 +0.01 (+0.15%) At close · Jul 24

Market Cap

$899.39M

132.85M

Options Chain

15-min delayed Underlying $6.77 · at close Jul 24, 2026 Options Calculator

Positioning

Aug 21, 2026 · 27 days to expiry · 26 contracts

Put / call OI

3.07

Put-heavy positioning

Open interest

1,361

contracts outstanding

Volume

850

traded today

Max pain

$10.00

$3.23 above spot

ATM implied vol

314.2%

market's expected move

Open interest by strike

Calls Puts

2.5

7.5

12.5

17.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 27d Sep 18 55d Nov 20 118d Dec 18 146d Feb 19 209d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	3.3%	1	—		—	—	—	—	0
Call · $2.5 In the money Last — Breakeven — Implied vol 3.3% Delta 1 ≈100% ITM Gamma 0 Theta 0 Vega 0 Open interest 0 Model this call Put · $2.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1	—	667.8%	0.829	—		—	—	—	—	10
Call · $5 In the money Last — Breakeven — Implied vol 667.8% Delta 0.829 ≈83% ITM Gamma 0.019 Theta -0.043 Vega 0.004 Open interest 1 Model this call Put · $5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 10 Model this put
Underlying $6.77
1	—	314.2%	0.576	—		—	—	—	—	300
Call · $7.5 Last — Breakeven — Implied vol 314.2% Delta 0.576 ≈58% ITM Gamma 0.068 Theta -0.034 Vega 0.007 Open interest 1 Model this call Put · $7.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 300 Model this put
182	—	224.3%	0.317	—		$0.10	—	—	4	716
Call · $10 Last — Breakeven — Implied vol 224.3% Delta 0.317 ≈32% ITM Gamma 0.088 Theta -0.023 Vega 0.007 Open interest 182 Model this call Put · $10 In the money Last $0.10 Breakeven $9.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 716 Model this put
139	—	—	—	—		—	—	—	—	0
Call · $12.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 139 Model this call Put · $12.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $15 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $15 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1	1	—	—	$0.37		—	—	—	—	0
Call · $17.5 Last $0.37 Breakeven $17.87 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $17.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $20 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $20 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1467760 CUSIP 03762U105 13F (30d) 52 filings 52 filers Visit website Investor relations