TARS · Tarsus Pharmaceuticals, Inc.

Track TARS — free Ask ALVIS about TARS

$57.50 -1.44 (-2.44%)

Market Cap

$2.52B

43.02M

Options Chain

15-min delayed Underlying $57.50 · today Options Calculator

Positioning

Aug 21, 2026 · 23 days to expiry · 38 contracts

Put / call OI

5.43

Put-heavy positioning

Open interest

4,683

contracts outstanding

Volume

506

traded today

Max pain

$60.00

$2.51 above spot

ATM implied vol

64.5%

market's expected move

Open interest by strike

Calls Puts

37.5

42.5

47.5

57.5

62.5

67.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 23d Sep 18 51d Oct 16 79d Dec 18 142d Jan 15 170d Mar 19 233d Dec 17 506d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	132.8%	0.955	—		—	-0.046	134.2%	—	0
Call · $35 In the money Last — Breakeven — Implied vol 132.8% Delta 0.955 ≈96% ITM Gamma 0.005 Theta -0.043 Vega 0.011 Open interest 0 Model this call Put · $35 Last — Breakeven — Implied vol 134.2% Delta -0.046 ≈5% ITM Gamma 0.005 Theta -0.041 Vega 0.011 Open interest 0 Model this put
0	—	117.8%	0.95	—		—	-0.051	119%	—	0
Call · $37.5 In the money Last — Breakeven — Implied vol 117.8% Delta 0.95 ≈95% ITM Gamma 0.006 Theta -0.042 Vega 0.012 Open interest 0 Model this call Put · $37.5 Last — Breakeven — Implied vol 119% Delta -0.051 ≈5% ITM Gamma 0.006 Theta -0.04 Vega 0.02 Open interest 0 Model this put
0	—	114.5%	0.925	—		$0.05	-0.058	103.8%	3	3
Call · $40 In the money Last — Breakeven — Implied vol 114.5% Delta 0.925 ≈92% ITM Gamma 0.008 Theta -0.055 Vega 0.021 Open interest 0 Model this call Put · $40 Last $0.05 Breakeven $39.95 Implied vol 103.8% Delta -0.058 ≈6% ITM Gamma 0.008 Theta -0.038 Vega 0.021 Open interest 3 Model this put
0	—	92.7%	0.927	—		—	-0.071	91.9%	—	0
Call · $42.5 In the money Last — Breakeven — Implied vol 92.7% Delta 0.927 ≈93% ITM Gamma 0.01 Theta -0.044 Vega 0.022 Open interest 0 Model this call Put · $42.5 Last — Breakeven — Implied vol 91.9% Delta -0.071 ≈7% ITM Gamma 0.01 Theta -0.039 Vega 0.022 Open interest 0 Model this put
9	9	63.1%	0.955	$23.01		$0.75	-0.077	76.2%	259	374
Call · $45 In the money Last $23.01 Breakeven $68.01 Implied vol 63.1% Delta 0.955 ≈95% ITM Gamma 0.01 Theta -0.023 Vega 0.013 Open interest 9 Model this call Put · $45 Last $0.75 Breakeven $44.25 Implied vol 76.2% Delta -0.077 ≈8% ITM Gamma 0.013 Theta -0.034 Vega 0.022 Open interest 374 Model this put
0	—	76.7%	0.874	—		$1.50	-0.102	67.9%	1	2
Call · $47.5 In the money Last — Breakeven — Implied vol 76.7% Delta 0.874 ≈87% ITM Gamma 0.019 Theta -0.055 Vega 0.034 Open interest 0 Model this call Put · $47.5 Last $1.50 Breakeven $46.00 Implied vol 67.9% Delta -0.102 ≈10% ITM Gamma 0.018 Theta -0.038 Vega 0.023 Open interest 2 Model this put
0	—	77.7%	0.808	—		$0.05	-0.223	92.3%	1	508
Call · $50 In the money Last — Breakeven — Implied vol 77.7% Delta 0.808 ≈81% ITM Gamma 0.025 Theta -0.072 Vega 0.035 Open interest 0 Model this call Put · $50 Last $0.05 Breakeven $49.95 Implied vol 92.3% Delta -0.223 ≈22% ITM Gamma 0.022 Theta -0.086 Vega 0.046 Open interest 508 Model this put
5	3	74.3%	0.651	$4.90		$3.50	-0.334	61.9%	3	3
Call · $55 In the money Last $4.90 Breakeven $59.90 Implied vol 74.3% Delta 0.651 ≈65% ITM Gamma 0.034 Theta -0.091 Vega 0.056 Open interest 5 Model this call Put · $55 Last $3.50 Breakeven $51.50 Implied vol 61.9% Delta -0.334 ≈33% ITM Gamma 0.041 Theta -0.07 Vega 0.056 Open interest 3 Model this put
Underlying $57.50
3	3	68.1%	0.558	$3.20		$4.00	-0.444	60.9%	5	7
Call · $57.5 Last $3.20 Breakeven $60.70 Implied vol 68.1% Delta 0.558 ≈56% ITM Gamma 0.04 Theta -0.089 Vega 0.057 Open interest 3 Model this call Put · $57.5 In the money Last $4.00 Breakeven $53.50 Implied vol 60.9% Delta -0.444 ≈44% ITM Gamma 0.045 Theta -0.075 Vega 0.057 Open interest 7 Model this put
128	10	70.9%	0.464	$3.82		$5.00	-0.533	74.1%	1	3k
Call · $60 Last $3.82 Breakeven $63.82 Implied vol 70.9% Delta 0.464 ≈46% ITM Gamma 0.039 Theta -0.092 Vega 0.059 Open interest 128 Model this call Put · $60 In the money Last $5.00 Breakeven $55.00 Implied vol 74.1% Delta -0.533 ≈53% ITM Gamma 0.037 Theta -0.09 Vega 0.059 Open interest 3k Model this put
12	10	76.8%	0.388	$2.90		$9.20	-0.669	57.5%	20	8
Call · $62.5 Last $2.90 Breakeven $65.40 Implied vol 76.8% Delta 0.388 ≈39% ITM Gamma 0.035 Theta -0.097 Vega 0.053 Open interest 12 Model this call Put · $62.5 In the money Last $9.20 Breakeven $53.30 Implied vol 57.5% Delta -0.669 ≈67% ITM Gamma 0.044 Theta -0.062 Vega 0.053 Open interest 8 Model this put
263	14	84.4%	0.338	$2.20		$3.93	-0.773	55.5%	1	10
Call · $65 Last $2.20 Breakeven $67.20 Implied vol 84.4% Delta 0.338 ≈34% ITM Gamma 0.03 Theta -0.099 Vega 0.054 Open interest 263 Model this call Put · $65 In the money Last $3.93 Breakeven $61.07 Implied vol 55.5% Delta -0.773 ≈77% ITM Gamma 0.038 Theta -0.049 Vega 0.041 Open interest 10 Model this put
2	1	97.2%	0.312	$8.30		$11.90	-0.875	50.5%	1	3
Call · $67.5 Last $8.30 Breakeven $75.80 Implied vol 97.2% Delta 0.312 ≈31% ITM Gamma 0.025 Theta -0.111 Vega 0.054 Open interest 2 Model this call Put · $67.5 In the money Last $11.90 Breakeven $55.60 Implied vol 50.5% Delta -0.875 ≈88% ITM Gamma 0.03 Theta -0.029 Vega 0.028 Open interest 3 Model this put
230	156	62.2%	0.133	$1.20		—	-0.918	53.1%	—	0
Call · $70 Last $1.20 Breakeven $71.20 Implied vol 62.2% Delta 0.133 ≈13% ITM Gamma 0.024 Theta -0.043 Vega 0.029 Open interest 230 Model this call Put · $70 In the money Last — Breakeven — Implied vol 53.1% Delta -0.918 ≈92% ITM Gamma 0.022 Theta -0.022 Vega 0.026 Open interest 0 Model this put
61	1	73.8%	0.099	$0.05		—	-0.932	67.1%	—	0
Call · $75 Last $0.05 Breakeven $75.05 Implied vol 73.8% Delta 0.099 ≈10% ITM Gamma 0.016 Theta -0.041 Vega 0.03 Open interest 61 Model this call Put · $75 In the money Last — Breakeven — Implied vol 67.1% Delta -0.932 ≈93% ITM Gamma 0.015 Theta -0.024 Vega 0.016 Open interest 0 Model this put
9	1	85.5%	0.081	$3.40		—	—	—	—	0
Call · $80 Last $3.40 Breakeven $83.40 Implied vol 85.5% Delta 0.081 ≈8% ITM Gamma 0.012 Theta -0.041 Vega 0.018 Open interest 9 Model this call Put · $80 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
5	1	96.5%	0.073	$0.05		—	—	—	—	0
Call · $85 Last $0.05 Breakeven $85.05 Implied vol 96.5% Delta 0.073 ≈7% ITM Gamma 0.01 Theta -0.043 Vega 0.018 Open interest 5 Model this call Put · $85 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1	2	109.5%	0.073	$1.55		—	—	—	—	0
Call · $90 Last $1.55 Breakeven $91.55 Implied vol 109.5% Delta 0.073 ≈7% ITM Gamma 0.009 Theta -0.048 Vega 0.019 Open interest 1 Model this call Put · $90 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	116.6%	0.063	—		—	—	—	—	0
Call · $95 Last — Breakeven — Implied vol 116.6% Delta 0.063 ≈6% ITM Gamma 0.007 Theta -0.045 Vega 0.019 Open interest 0 Model this call Put · $95 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 1819790 CUSIP 87650L103 13F (30d) 32 filings 32 filers Visit website Investor relations