Palo Alto Networks (PANW) Options Chain

NASDAQ: PANWTechnologyComputer peripheral equipmentUSD

398.36-7.21 (-1.78%)

At close: Oct 8, 3:59 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 1
Share price: $398.50
Put/call ratio (OI): 0.93
Put/call ratio (volume): 0.72
ATM implied volatility: 46.7%
Expected move: ±$9.74
Open interest (C / P): 13.76K / 12.83K

PANW options summary

The PANW options chain for the October 9, 2026 expiration lists 107 call and 94 put contracts, with 1 day until expiration. Open interest stands at 13,761 calls and 12,826 puts, a put/call ratio of 0.93, which is fairly balanced between calls and puts. At-the-money implied volatility near the $397.50 strike is 46.7%, which implies the market expects a move of about ±$9.74 (2.4%) in Palo Alto Networks stock by expiration.

The most open interest sits at the $455.00 call (711 contracts) and the $390.00 put (1.31K contracts).

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

PANW options chain · October 9, 2026

PANW 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
—	—	—	—	—	—	75.00	0.00	0.01	0.01	650.0%	5	5
—	—	—	—	—	—	80.00	0.00	0.01	0.69	625.0%	—	54
—	—	—	—	—	—	85.00	0.00	0.01	0.01	600.0%	2	18
—	—	—	—	—	—	105.00	0.00	4.30	0.06	1009.6%	2	21
—	—	—	—	—	—	115.00	0.00	4.30	0.05	943.9%	1	3
—	—	—	—	—	—	135.00	0.00	4.30	0.09	829.3%	1	3
—	—	—	—	—	—	140.00	0.00	3.25	0.02	763.6%	2	6
13	22	757.2%	262.71	249.30	255.35	145.00	0.00	0.03	0.01	431.3%	22	90
—	—	—	—	—	—	150.00	0.00	4.30	0.01	754.7%	1	121
—	—	—	—	—	—	155.00	0.00	4.15	0.11	726.7%	2	6
1	1	689.5%	175.89	234.60	240.35	160.00	0.00	0.06	0.01	412.5%	3	161
—	—	—	—	—	—	165.00	0.00	2.26	0.14	613.3%	1	17
—	—	—	—	—	—	175.00	0.00	4.30	0.02	646.1%	70	113
—	—	—	—	—	—	180.00	0.00	2.69	0.01	574.8%	2	88
—	—	—	—	—	—	185.00	0.00	4.30	0.01	607.1%	86	89
1	1	571.7%	217.47	204.70	210.35	190.00	0.00	2.96	0.92	548.7%	20	174
—	—	—	—	—	—	195.00	0.00	4.30	0.02	570.1%	14	1
—	—	—	—	—	—	200.00	0.00	4.30	0.01	552.3%	1	23
5	—	519.5%	185.29	189.70	195.35	205.00	0.00	0.01	0.01	262.5%	37	134
0	1	513.2%	194.64	185.25	190.55	210.00	0.00	4.30	0.03	518.1%	7	132
1	1	486.9%	189.45	179.80	185.35	215.00	0.00	0.23	0.02	325.0%	4	76
23	1	471.1%	182.17	175.05	180.35	220.00	0.00	4.30	0.22	485.4%	2	59
2	2	455.6%	179.28	169.20	175.35	225.00	0.00	4.30	0.02	469.4%	14	8
2	2	442.8%	163.21	164.20	170.40	230.00	0.00	4.30	0.05	453.9%	8	16
—	—	—	—	—	—	235.00	0.00	4.30	0.04	438.8%	2	21
5	4	413.2%	170.80	154.90	160.40	240.00	0.00	4.30	0.05	423.8%	3	13
—	—	—	—	—	—	245.00	0.00	4.30	0.03	409.2%	2	12
18	9	384.8%	123.20	144.90	150.40	250.00	0.00	4.30	0.01	394.8%	5	33
1	1	370.9%	106.92	139.40	145.40	255.00	0.00	4.30	0.08	380.7%	2	10
1	1	357.3%	102.00	134.80	140.40	260.00	0.00	0.06	0.01	201.6%	5	123
9	3	343.9%	140.35	129.95	135.40	265.00	0.00	0.05	0.01	190.6%	28	48
1	1	330.8%	130.55	124.60	130.40	270.00	0.00	0.01	0.01	159.4%	17	64
—	—	—	—	—	—	275.00	0.00	0.05	0.02	174.2%	4	198
5	2	304.9%	137.50	114.50	120.40	280.00	0.00	0.05	0.01	166.4%	2	153
1	—	292.3%	93.35	109.85	115.40	285.00	0.00	2.85	0.01	275.1%	1	60
2	2	279.8%	47.65	104.50	110.40	290.00	0.00	4.30	0.01	287.7%	8	164
9	8	267.5%	132.36	99.80	105.40	295.00	0.00	4.30	1.00	275.1%	51	115
55	3	247.5%	97.87	95.45	100.15	300.00	0.00	4.30	0.08	262.7%	1	213
19	1	243.3%	100.08	89.60	95.40	305.00	0.00	0.25	0.01	153.7%	3	92
18	2	195.4%	87.75	84.80	89.35	310.00	0.00	0.01	0.01	106.3%	45	241
19	4	219.6%	108.60	79.75	85.40	315.00	0.00	0.06	0.01	116.4%	11	141
—	—	—	—	—	—	317.50	0.00	0.78	1.80	156.6%	1	4
10	4	199.7%	78.07	75.55	80.10	320.00	0.00	0.06	0.01	109.4%	18	168
—	—	—	—	—	—	322.50	0.00	3.90	0.03	203.4%	2	6
32	1	196.3%	77.00	70.00	75.40	325.00	0.00	1.31	0.05	156.4%	18	122
3	1	190.5%	81.88	67.30	72.90	327.50	0.00	3.95	0.12	192.3%	12	20
96	1	192.9%	79.38	64.50	70.75	330.00	0.00	0.05	0.02	93.8%	2	486
3	1	180.2%	75.92	62.00	67.95	332.50	—	—	—	—	—	—
38	2	174.4%	62.97	60.00	65.45	335.00	0.00	0.19	0.02	101.2%	26	191
6	4	168.7%	80.93	57.20	62.95	337.50	0.01	0.06	0.01	86.7%	4	56
20	4	162.9%	60.61	54.85	60.45	340.00	0.01	0.05	0.02	81.6%	15	282
—	—	—	—	—	—	342.50	0.00	0.75	0.01	110.3%	1	31
30	1	157.6%	56.65	50.30	55.75	345.00	0.01	0.07	0.04	77.3%	247	197
3	3	145.8%	61.48	46.95	52.95	347.50	0.01	0.04	0.04	70.3%	3	78
60	3	117.0%	54.00	46.10	49.45	350.00	0.00	0.02	0.02	60.9%	249	299
1	1	134.3%	53.14	42.45	47.95	352.50	0.01	0.07	0.07	66.8%	8	72
40	2	128.6%	71.04	39.30	45.45	355.00	0.01	0.03	0.02	58.6%	5	132
—	—	—	—	—	—	357.50	0.00	0.10	0.04	61.7%	11	120
52	3	123.1%	42.45	34.80	40.80	360.00	0.00	0.07	0.01	55.9%	16	427
6	2	112.2%	44.05	32.35	38.00	362.50	0.00	0.09	0.02	53.9%	10	68
514	5	106.4%	44.20	29.50	35.50	365.00	0.00	0.10	0.05	51.2%	2	261
6	6	100.5%	41.21	27.50	33.00	367.50	0.01	0.08	0.08	50.8%	2	174
49	6	99.9%	39.44	24.55	30.85	370.00	0.03	0.14	0.07	51.3%	62	480
14	4	90.2%	27.00	22.65	28.10	372.50	0.00	0.45	0.05	51.5%	12	80
315	10	85.5%	31.60	20.45	25.70	375.00	0.06	0.31	0.06	50.3%	136	400
26	9	80.0%	29.25	17.20	23.25	377.50	0.04	0.39	0.21	48.2%	110	103
261	53	76.9%	20.22	14.85	21.00	380.00	0.20	0.42	0.31	44.3%	264	762
25	3	74.4%	21.70	13.20	18.85	382.50	0.26	0.60	0.45	43.4%	61	322
97	4	52.9%	14.05	11.10	15.10	385.00	0.56	0.82	0.78	42.0%	73	301
14	3	62.6%	22.38	9.20	14.05	387.50	0.76	1.52	0.96	45.7%	40	156
118	48	39.0%	8.96	6.75	10.00	390.00	1.38	1.85	1.85	42.9%	343	1,313
127	3	49.8%	9.41	5.70	9.30	392.50	2.06	2.91	2.31	46.1%	126	175
157	35	41.4%	5.51	4.25	6.80	395.00	2.90	3.70	3.33	45.0%	119	346
140	9	43.7%	3.56	3.05	5.65	397.50	3.95	5.35	4.63	49.7%	317	279
PANW $398.50
508	564	39.5%	2.71	2.21	3.95	400.00	5.00	6.25	6.01	46.4%	583	611
118	407	37.1%	1.80	1.62	2.68	402.50	6.60	8.90	5.75	56.8%	167	152
695	558	35.1%	1.70	1.34	1.70	405.00	7.50	11.10	9.31	62.4%	76	199
116	101	38.2%	1.20	0.65	1.39	407.50	8.25	13.30	10.77	67.3%	22	51
574	868	36.3%	0.81	0.52	0.81	410.00	10.85	15.50	13.65	71.6%	64	106
259	263	37.9%	0.50	0.28	0.60	412.50	13.05	18.05	15.25	51.7%	8	30
370	420	39.3%	0.32	0.20	0.44	415.00	14.80	20.45	17.65	51.3%	6	62
231	129	42.2%	0.25	0.02	0.38	417.50	17.25	22.50	18.59	52.2%	10	84
612	443	41.7%	0.16	0.07	0.23	420.00	20.15	25.10	14.80	61.2%	51	167
164	140	45.8%	0.11	0.03	0.24	422.50	22.25	29.25	21.00	75.5%	25	88
536	152	45.6%	0.09	0.07	0.15	425.00	24.75	29.85	19.10	64.4%	20	200
143	73	52.7%	0.03	0.02	0.23	427.50	—	—	—	—	—	—
617	203	49.8%	0.06	0.02	0.11	430.00	30.45	35.90	33.17	89.0%	5	34
121	32	52.3%	0.05	0.01	0.10	432.50	—	—	—	—	—	—
706	108	56.6%	0.05	0.02	0.21	435.00	34.75	40.70	19.01	90.1%	3	1
255	67	52.0%	0.04	0.00	0.08	437.50	—	—	—	—	—	—
458	54	61.1%	0.04	0.00	0.19	440.00	39.75	45.90	36.52	100.5%	7	9
374	1	80.8%	0.08	0.00	0.81	442.50	—	—	—	—	—	—
370	76	61.7%	0.02	0.02	0.08	445.00	44.55	52.10	73.85	118.3%	2	1
48	1	59.4%	0.03	0.00	0.05	447.50	—	—	—	—	—	—
392	45	53.1%	0.01	0.00	0.01	450.00	—	—	—	—	—	—
125	10	83.0%	0.37	0.00	0.37	452.50	—	—	—	—	—	—
711	82	91.6%	0.18	0.00	0.55	455.00	—	—	—	—	—	—
41	3	68.0%	0.01	0.00	0.04	457.50	—	—	—	—	—	—
365	4	77.0%	0.01	0.00	0.09	460.00	59.55	67.10	41.26	142.9%	1	1
170	2	70.3%	0.01	0.00	0.01	470.00	69.55	77.15	66.45	158.9%	4	0
92	4	90.6%	0.01	0.00	0.05	480.00	79.55	87.10	73.31	173.1%	6	0
263	27	168.9%	0.01	0.00	2.26	490.00	—	—	—	—	—	—
282	2	93.8%	0.02	0.00	0.01	500.00	99.55	107.10	136.80	200.8%	—	0
33	2	117.2%	0.03	0.00	0.05	510.00	109.55	117.15	119.50	214.5%	—	0
97	19	222.5%	0.02	0.00	3.35	520.00	—	—	—	—	—	—
60	7	236.8%	0.04	0.00	3.50	530.00	129.75	136.95	156.00	239.5%	—	0
11	2	259.4%	0.04	0.00	4.30	540.00	—	—	—	—	—	—
84	1	271.2%	0.20	0.00	4.30	550.00	—	—	—	—	—	—
56	50	282.6%	0.07	0.00	4.30	560.00	—	—	—	—	—	—
10	8	293.8%	0.17	0.00	4.30	570.00	—	—	—	—	—	—
11	4	304.6%	0.03	0.00	4.30	580.00	—	—	—	—	—	—
5	2	315.1%	0.14	0.00	4.30	590.00	—	—	—	—	—	—
12	2	325.5%	0.18	0.00	4.30	600.00	—	—	—	—	—	—
5	—	335.5%	0.09	0.00	4.30	610.00	—	—	—	—	—	—
10	2	345.3%	0.10	0.00	4.30	620.00	—	—	—	—	—	—
25	6	354.9%	0.04	0.00	4.30	630.00	—	—	—	—	—	—
29	1	364.3%	0.23	0.00	4.30	640.00	—	—	—	—	—	—
129	1	373.4%	0.13	0.00	4.30	650.00	—	—	—	—	—	—
12	—	382.4%	0.06	0.00	4.30	660.00	—	—	—	—	—	—
118	66	391.2%	0.04	0.00	4.30	670.00	—	—	—	—	—	—
19	2	399.8%	0.02	0.00	4.30	680.00	—	—	—	—	—	—
45	30	408.2%	0.04	0.00	4.30	690.00	—	—	—	—	—	—
76	20	416.5%	0.03	0.00	4.30	700.00	—	—	—	—	—	—
21	6	424.6%	0.04	0.00	4.30	710.00	—	—	—	—	—	—
512	—	432.6%	0.07	0.00	4.30	720.00	—	—	—	—	—	—
57	—	440.4%	0.05	0.00	4.30	730.00	—	—	—	—	—	—
103	—	448.1%	0.06	0.00	4.30	740.00	—	—	—	—	—	—
5	—	455.6%	0.12	0.00	4.30	750.00	—	—	—	—	—	—
26	—	463.0%	0.06	0.00	4.30	760.00	—	—	—	—	—	—

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 PANW put/call ratio?

For the October 9, 2026 expiration, the PANW put/call ratio based on open interest is 0.93 (12,826 puts vs 13,761 calls), and 0.72 based on today's volume. A ratio above 1 means more puts than calls.

What is PANW's implied volatility?

At-the-money implied volatility for PANW options expiring October 9, 2026 is about 46.7%, an annualized estimate of how much the market expects Palo Alto Networks stock to move.

How many PANW option expiration dates are there?

PANW has 17 listed expiration dates, from Oct 9, 2026 to Jan 19, 2029.

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.