4.82K calls and 5.31K puts traded on Nov 4, 2026, 10.13K contracts in total. Open interest was 65.17K contracts. Over the past 30 days, volume averaged 3.04K contracts per day. The SHAK option volume chart shows volume by strike and expiration date.

Shake Shack IV rank is 104, so its 30-day implied volatility of 74.7% is near the top of its one-year range. Over the past year it ranged from 38.5% on Jan 16, 2026 to 74.7% on Nov 4, 2026. See the SHAK implied volatility history for a longer view.

The Shake Shack put/call volume ratio was 1.10 on Nov 4, 2026, so puts outnumber calls. The put/call open interest ratio was 1.40. The SHAK open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Shake Shack options about one week from expiration was $65.00, 10.6% below the $72.72 close. The SHAK max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 137.7%, options price a move of about ±$13.86 (±19.1%) over the next week, a range of roughly $58.86 to $86.58 from the Nov 4, 2026 close. The SHAK expected move chart shows it for every expiration date.