Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).

Gamma, theta, and vega are largest for strikes near the Choice Hotels Intnl. stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.

Choice Hotels Intnl. IV rank is 11, so implied volatility is near the bottom of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 21.0% to 177.3%. See the CHH implied volatility history for a longer view.

Across all open Choice Hotels Intnl. options on Nov 4, 2026, net gamma exposure was -$22.95K and net delta exposure was $915.62K per 1% move in the stock. The CHH gamma exposure chart shows where that gamma sits by strike.

At year-end 2025, Choice Hotels operated 657,000 rooms across the economy, midscale, upscale, and extended-stay segments.