Penske Automotive Group (PAG) Options Chain

NYSE: PAGConsumer DiscretionaryRetail-Auto Dealers and Gas StationsUSD

196.16-1.89 (-0.95%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $196.16
Put/call ratio (OI): 2.81
Put/call ratio (volume): 4.89
ATM implied volatility: 42.8%
Expected move: ±$27.81
Open interest (C / P): 2.03K / 5.70K

PAG options summary

The PAG options chain for the November 20, 2026 expiration lists 21 call and 26 put contracts, with 40 days until expiration. Open interest stands at 2,032 calls and 5,700 puts, a put/call ratio of 2.81, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $195.00 strike is 42.8%, which implies the market expects a move of about ±$27.81 (14.2%) in Penske Automotive Group stock by expiration.

The most open interest sits at the $200.00 call (681 contracts) and the $190.00 put (4.82K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

PAG options chain · November 20, 2026

PAG calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	80.00	0.00	0.00	0.75	50.0%	2	0
—	—	—	—	—	—	85.00	0.00	5.00	1.80	174.3%	—	1
—	—	—	—	—	—	95.00	0.00	2.15	0.35	127.9%	1	2
—	—	—	—	—	—	100.00	0.00	0.65	0.35	97.5%	1	10
—	—	—	—	—	—	105.00	0.15	0.95	1.00	99.2%	1	4
0	1	—	39.36	0.00	0.00	110.00	0.00	2.15	0.45	105.1%	1	2
0	1	—	51.80	0.00	0.00	115.00	0.00	2.15	0.45	98.1%	1	1
—	—	—	—	—	—	120.00	0.00	2.15	0.20	91.5%	2	2
0	1	—	53.20	0.00	0.00	125.00	0.00	2.15	0.25	85.0%	2	4
—	—	—	—	—	—	130.00	0.00	0.00	7.29	25.0%	—	0
—	—	—	—	—	—	135.00	0.00	2.55	0.15	75.6%	1	0
0	1	—	20.36	0.00	0.00	140.00	—	—	—	—	—	—
7	12	—	29.83	38.30	41.50	145.00	4.50	8.60	8.00	106.2%	1	2
0	2	189.3%	65.50	68.10	71.50	150.00	0.70	1.30	1.30	54.7%	2,579	20
7	1	61.3%	63.70	41.80	45.00	155.00	0.00	1.80	1.45	57.5%	1	2
8	10	—	13.06	14.80	17.30	160.00	0.00	3.70	1.25	52.1%	2	2
0	1	—	14.00	0.00	0.00	165.00	0.00	2.15	0.75	48.5%	1	1
7	1	—	8.15	9.50	13.20	170.00	0.00	2.20	2.12	42.9%	1	1
6	1	56.3%	26.50	23.70	27.00	175.00	2.05	3.80	2.60	46.0%	16	4
52	1	52.9%	22.82	19.00	22.90	180.00	2.95	4.80	5.33	44.0%	9	11
21	1	49.3%	20.94	14.80	18.90	185.00	3.50	7.00	5.40	46.2%	7	11
0	13	—	32.40	0.00	0.00	190.00	5.50	8.00	7.15	41.9%	41	4,815
13	3	43.7%	9.40	9.00	12.00	195.00	6.70	10.40	7.20	42.0%	47	13
PAG $196.16
681	2	37.8%	8.00	6.50	8.20	200.00	8.80	12.40	10.30	39.2%	3	760
581	2	36.1%	4.33	2.80	4.40	210.00	14.90	18.80	12.55	38.5%	1	29
110	1	40.9%	1.65	0.00	3.20	220.00	5.50	8.80	12.37	—	2	2
508	500	52.4%	3.00	0.10	3.70	230.00	10.50	14.30	19.19	—	1	1
0	1	12.5%	1.15	0.00	0.00	240.00	—	—	—	—	—	—
31	1	57.8%	0.80	0.00	2.15	250.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the PAG put/call ratio?

For the November 20, 2026 expiration, the PAG put/call ratio based on open interest is 2.81 (5,700 puts vs 2,032 calls), and 4.89 based on today's volume. A ratio above 1 means more puts than calls.

What is PAG's implied volatility?

At-the-money implied volatility for PAG options expiring November 20, 2026 is about 42.8%, an annualized estimate of how much the market expects Penske Automotive Group stock to move.

How many PAG option expiration dates are there?

PAG has 4 listed expiration dates, from Oct 16, 2026 to May 21, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.