DRS · Leonardo DRS, Inc.

Track DRS — free Ask ALVIS about DRS

$46.05 +0.43 (+0.94%) At close · Jul 31

Market Cap

$12.29B

266.89M

Options Chain

15-min delayed Underlying $46.05 · at close Jul 31, 2026 Options Calculator

Positioning

Aug 21, 2026 · 20 days to expiry · 40 contracts

Put / call OI

0.30

Call-heavy positioning

Open interest

917

contracts outstanding

Volume

194

traded today

Max pain

$43.00

$3.05 below spot

ATM implied vol

40.3%

market's expected move

Open interest by strike

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 20d Sep 18 48d Oct 16 76d Jan 15 167d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	—	—	—		$0.15	-0.033	79.3%	80	80
Call · $34 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $34 Last $0.15 Breakeven $33.85 Implied vol 79.3% Delta -0.033 ≈3% ITM Gamma 0.008 Theta -0.016 Vega 0.009 Open interest 80 Model this put
0	—	—	—	—		$0.61	-0.076	94.8%	1	1
Call · $35 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $35 Last $0.61 Breakeven $34.39 Implied vol 94.8% Delta -0.076 ≈8% ITM Gamma 0.014 Theta -0.037 Vega 0.017 Open interest 1 Model this put
2	2	—	—	$12.40		$0.18	-0.093	93.6%	3	0
Call · $36 In the money Last $12.40 Breakeven $48.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $36 Last $0.18 Breakeven $35.82 Implied vol 93.6% Delta -0.093 ≈9% ITM Gamma 0.016 Theta -0.043 Vega 0.017 Open interest 0 Model this put
0	—	—	—	—		—	-0.088	80.7%	—	0
Call · $37 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $37 Last — Breakeven — Implied vol 80.7% Delta -0.088 ≈9% ITM Gamma 0.018 Theta -0.035 Vega 0.017 Open interest 0 Model this put
0	—	—	—	—		$0.22	-0.096	74%	3	9
Call · $38 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $38 Last $0.22 Breakeven $37.78 Implied vol 74% Delta -0.096 ≈10% ITM Gamma 0.021 Theta -0.034 Vega 0.017 Open interest 9 Model this put
2	2	—	—	$5.35		$0.85	-0.108	68.9%	5	15
Call · $39 In the money Last $5.35 Breakeven $44.35 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $39 Last $0.85 Breakeven $38.15 Implied vol 68.9% Delta -0.108 ≈11% ITM Gamma 0.025 Theta -0.035 Vega 0.018 Open interest 15 Model this put
13	6	—	—	$6.63		$0.39	-0.125	64.1%	1	8
Call · $40 In the money Last $6.63 Breakeven $46.63 Implied vol — Delta — Gamma — Theta — Vega — Open interest 13 Model this call Put · $40 Last $0.39 Breakeven $39.61 Implied vol 64.1% Delta -0.125 ≈13% ITM Gamma 0.03 Theta -0.036 Vega 0.027 Open interest 8 Model this put
3	1	—	—	$7.87		$0.50	-0.126	54%	3	3
Call · $41 In the money Last $7.87 Breakeven $48.87 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $41 Last $0.50 Breakeven $40.50 Implied vol 54% Delta -0.126 ≈13% ITM Gamma 0.035 Theta -0.031 Vega 0.027 Open interest 3 Model this put
3	1	—	—	$4.40		$0.75	-0.183	56.9%	8	12
Call · $42 In the money Last $4.40 Breakeven $46.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $42 Last $0.75 Breakeven $41.25 Implied vol 56.9% Delta -0.183 ≈18% ITM Gamma 0.043 Theta -0.041 Vega 0.027 Open interest 12 Model this put
36	1	—	—	$3.40		$1.05	-0.215	52%	6	36
Call · $43 In the money Last $3.40 Breakeven $46.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 36 Model this call Put · $43 Last $1.05 Breakeven $41.95 Implied vol 52% Delta -0.215 ≈22% ITM Gamma 0.052 Theta -0.042 Vega 0.036 Open interest 36 Model this put
110	6	—	—	$2.78		$1.50	-0.267	49.1%	1	21
Call · $44 In the money Last $2.78 Breakeven $46.78 Implied vol — Delta — Gamma — Theta — Vega — Open interest 110 Model this call Put · $44 Last $1.50 Breakeven $42.50 Implied vol 49.1% Delta -0.267 ≈27% ITM Gamma 0.061 Theta -0.043 Vega 0.037 Open interest 21 Model this put
18	1	33.7%	0.718	$4.80		$1.00	-0.354	59.9%	1	13
Call · $45 In the money Last $4.80 Breakeven $49.80 Implied vol 33.7% Delta 0.718 ≈72% ITM Gamma 0.091 Theta -0.033 Vega 0.037 Open interest 18 Model this call Put · $45 Last $1.00 Breakeven $44.00 Implied vol 59.9% Delta -0.354 ≈35% ITM Gamma 0.057 Theta -0.06 Vega 0.043 Open interest 13 Model this put
22	1	28.8%	0.634	$1.75		$2.00	-0.409	51.8%	2	2
Call · $46 In the money Last $1.75 Breakeven $47.75 Implied vol 28.8% Delta 0.634 ≈63% ITM Gamma 0.12 Theta -0.032 Vega 0.043 Open interest 22 Model this call Put · $46 Last $2.00 Breakeven $44.00 Implied vol 51.8% Delta -0.409 ≈41% ITM Gamma 0.069 Theta -0.054 Vega 0.043 Open interest 2 Model this put
Underlying $46.05
91	2	26.5%	0.508	$1.10		$2.23	-0.474	62.3%	2	2
Call · $47 Last $1.10 Breakeven $48.10 Implied vol 26.5% Delta 0.508 ≈51% ITM Gamma 0.139 Theta -0.031 Vega 0.044 Open interest 91 Model this call Put · $47 In the money Last $2.23 Breakeven $44.77 Implied vol 62.3% Delta -0.474 ≈47% ITM Gamma 0.059 Theta -0.068 Vega 0.044 Open interest 2 Model this put
10	1	36.6%	0.417	$0.95		$3.20	-0.543	54.5%	1	2
Call · $48 Last $0.95 Breakeven $48.95 Implied vol 36.6% Delta 0.417 ≈42% ITM Gamma 0.098 Theta -0.041 Vega 0.044 Open interest 10 Model this call Put · $48 In the money Last $3.20 Breakeven $44.80 Implied vol 54.5% Delta -0.543 ≈54% ITM Gamma 0.067 Theta -0.058 Vega 0.044 Open interest 2 Model this put
36	3	29.3%	0.281	$0.71		$2.88	-0.603	56.3%	10	10
Call · $49 Last $0.71 Breakeven $49.71 Implied vol 29.3% Delta 0.281 ≈28% ITM Gamma 0.105 Theta -0.028 Vega 0.04 Open interest 36 Model this call Put · $49 In the money Last $2.88 Breakeven $46.12 Implied vol 56.3% Delta -0.603 ≈60% ITM Gamma 0.064 Theta -0.058 Vega 0.045 Open interest 10 Model this put
222	6	39%	0.26	$0.50		—	-0.648	59.6%	—	0
Call · $50 Last $0.50 Breakeven $50.50 Implied vol 39% Delta 0.26 ≈26% ITM Gamma 0.077 Theta -0.036 Vega 0.04 Open interest 222 Model this call Put · $50 In the money Last — Breakeven — Implied vol 59.6% Delta -0.648 ≈65% ITM Gamma 0.057 Theta -0.059 Vega 0.04 Open interest 0 Model this put
126	28	65.6%	0.171	$0.14		—	-0.764	82.7%	—	0
Call · $55 Last $0.14 Breakeven $55.14 Implied vol 65.6% Delta 0.171 ≈17% ITM Gamma 0.035 Theta -0.046 Vega 0.032 Open interest 126 Model this call Put · $55 In the money Last — Breakeven — Implied vol 82.7% Delta -0.764 ≈76% ITM Gamma 0.034 Theta -0.067 Vega 0.032 Open interest 0 Model this put
7	4	76.2%	0.1	$0.11		—	-0.814	103.7%	—	0
Call · $60 Last $0.11 Breakeven $60.11 Implied vol 76.2% Delta 0.1 ≈10% ITM Gamma 0.021 Theta -0.037 Vega 0.022 Open interest 7 Model this call Put · $60 In the money Last — Breakeven — Implied vol 103.7% Delta -0.814 ≈81% ITM Gamma 0.024 Theta -0.073 Vega 0.033 Open interest 0 Model this put
2	2	99.2%	0.099	$0.10		—	-0.806	136.2%	—	0
Call · $65 Last $0.10 Breakeven $65.10 Implied vol 99.2% Delta 0.099 ≈10% ITM Gamma 0.016 Theta -0.048 Vega 0.023 Open interest 2 Model this call Put · $65 In the money Last — Breakeven — Implied vol 136.2% Delta -0.806 ≈81% ITM Gamma 0.019 Theta -0.099 Vega 0.034 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 1833756 CUSIP 52661A108 13F (30d) 104 filings 103 filers Visit website Investor relations