Palo Alto Networks (PANW) Options Chain

NASDAQ: PANWTechnologyComputer peripheral equipmentUSD

418.78+20.28 (+5.09%)

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

Expiration date

Expiration: Jun 17, 2027
Days to expiration: 249
Share price: $418.78
Put/call ratio (OI): 1.02
Put/call ratio (volume): 1.34
ATM implied volatility: 54.8%
Expected move: ±$189.67
Open interest (C / P): 20.83K / 21.30K

PANW options summary

The PANW options chain for the June 17, 2027 expiration lists 92 call and 77 put contracts, with 249 days until expiration. Open interest stands at 20,830 calls and 21,299 puts, a put/call ratio of 1.02, which is fairly balanced between calls and puts. At-the-money implied volatility near the $420.00 strike is 54.8%, which implies the market expects a move of about ±$189.67 (45.3%) in Palo Alto Networks stock by expiration.

The most open interest sits at the $260.00 call (3.12K contracts) and the $300.00 put (2.28K contracts).

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

PANW options chain · June 17, 2027

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
12	1	261.5%	324.45	409.95	418.55	5.00	—	—	—	—	—	—
0	—	—	227.27	265.00	275.00	10.00	—	—	—	—	—	—
1	1	161.9%	359.50	385.55	394.35	30.00	—	—	—	—	—	—
1	2	—	128.50	126.00	135.00	40.00	0.00	1.36	0.14	131.3%	—	0
1	—	—	143.85	139.00	148.00	45.00	0.00	1.36	0.15	124.3%	2	33
6	1	—	107.70	191.00	200.00	50.00	0.00	1.55	0.17	120.5%	2	25
3	6	—	116.15	112.00	121.00	55.00	0.00	1.71	0.17	116.6%	2	2
21	1	130.5%	319.30	356.60	365.35	60.00	0.00	1.36	0.19	107.8%	2	4
10	20	—	106.80	105.50	112.00	65.00	0.00	1.27	0.10	102.3%	1	5
0	4	—	296.22	0.00	0.00	70.00	0.00	1.21	0.35	97.6%	1	7
65	1	—	113.05	191.00	200.00	75.00	0.00	1.18	0.24	93.5%	2	104
0	2	—	89.25	0.00	0.00	80.00	0.00	1.39	0.31	92.1%	2	51
19	1	108.8%	337.08	333.10	339.30	85.00	0.00	1.67	0.34	91.1%	2	33
16	1	—	86.51	178.15	186.00	90.00	0.05	0.69	0.10	78.7%	5	231
8	2	—	273.99	237.55	244.90	95.00	0.00	0.83	0.58	77.1%	1	221
103	1	105.6%	287.50	318.25	326.40	100.00	0.00	0.92	0.35	75.5%	8	95
19	6	106.2%	278.34	314.45	321.60	105.00	0.00	1.09	0.40	74.7%	2	40
52	1	103.8%	278.50	309.65	316.80	110.00	0.00	0.93	0.39	70.7%	16	134
14	1	99.0%	259.00	303.85	312.00	115.00	0.00	0.97	0.62	68.8%	8	95
29	1	96.9%	266.50	299.05	307.20	120.00	0.01	0.98	0.55	66.8%	1	273
0	1	—	265.75	0.00	0.00	125.00	0.01	1.04	0.55	65.3%	8	410
70	1	—	195.50	204.55	211.70	130.00	0.01	1.01	0.92	63.0%	2	233
94	1	—	159.90	218.00	227.00	135.00	0.01	1.12	1.08	61.9%	6	616
39	1	89.6%	225.72	280.00	288.10	140.00	0.60	1.21	0.60	64.3%	12	444
20	1	88.0%	235.00	275.25	283.40	145.00	0.18	1.27	1.21	60.3%	1	487
90	1	88.3%	249.50	271.55	278.70	150.00	0.38	1.41	0.87	60.4%	1	619
104	1	86.7%	254.70	266.85	273.95	155.00	0.48	1.56	1.25	59.8%	2	1,104
227	1	83.3%	238.03	261.00	269.25	160.00	0.59	1.93	1.52	60.0%	2	747
268	1	82.2%	217.00	256.45	264.60	165.00	0.66	1.92	2.15	58.5%	6	265
176	1	79.7%	243.70	251.80	259.15	170.00	0.87	2.34	1.63	58.9%	1	249
306	1	78.5%	212.16	247.00	254.65	175.00	1.13	2.34	1.88	58.0%	9	244
256	5	79.8%	231.00	244.20	250.05	180.00	1.40	2.66	1.95	58.0%	13	582
57	1	77.8%	246.00	239.05	245.35	185.00	1.84	2.84	2.67	57.8%	2	119
172	25	76.7%	224.53	234.50	240.80	190.00	1.99	3.05	2.62	57.0%	8	197
167	25	76.7%	195.09	230.00	237.10	195.00	2.34	3.65	3.45	57.3%	1	341
479	2	76.2%	210.92	225.95	232.65	200.00	2.79	3.80	3.44	56.8%	3	544
315	1	73.9%	220.05	216.65	223.75	210.00	3.40	4.90	3.95	56.3%	30	170
1,238	3	71.4%	199.75	207.00	215.05	220.00	4.35	6.40	6.50	56.5%	1	296
478	2	70.9%	193.52	199.45	206.50	230.00	5.75	6.50	6.40	55.1%	4	448
176	2	69.8%	195.90	191.40	198.05	240.00	6.05	9.35	7.70	55.2%	1	281
303	1	68.6%	194.75	183.20	189.80	250.00	8.55	9.45	9.20	54.5%	10	809
3,119	42	66.8%	165.65	174.00	181.95	260.00	10.25	11.60	11.74	54.5%	5	514
227	4	65.2%	159.66	166.10	173.15	270.00	10.40	13.65	14.28	52.9%	3	329
930	3	64.1%	141.13	158.50	165.00	280.00	12.25	17.60	16.55	53.8%	1	389
188	5	64.4%	147.23	151.20	159.30	290.00	14.30	20.05	18.65	53.3%	22	1,281
756	1	64.4%	139.13	145.30	152.20	300.00	18.45	20.80	20.20	52.9%	8	2,281
213	17	62.3%	120.35	137.10	143.75	310.00	20.20	25.35	24.36	53.0%	22	881
161	3	61.9%	132.00	130.45	137.30	320.00	23.55	28.35	29.32	52.8%	1	458
144	40	61.8%	111.50	125.60	130.00	330.00	26.90	30.15	29.90	51.8%	6	1,053
224	4	60.9%	113.81	118.00	124.20	340.00	30.65	36.45	33.40	53.0%	4	248
526	84	60.8%	117.05	112.75	118.20	350.00	34.85	39.15	37.03	52.4%	8	353
1,243	11	60.4%	109.67	107.45	111.90	360.00	39.65	40.95	41.80	51.5%	6	433
220	1	60.5%	97.40	102.30	107.00	370.00	42.45	47.80	45.50	51.7%	22	215
396	9	60.3%	99.14	96.55	102.50	380.00	48.30	50.80	49.95	51.4%	7	212
215	2	59.6%	93.99	91.25	96.65	390.00	52.10	55.55	54.85	50.8%	204	336
1,996	11	59.5%	89.56	86.75	91.90	400.00	56.80	63.10	59.90	51.4%	15	127
104	1	58.9%	82.25	81.60	86.80	410.00	62.35	66.55	66.00	50.6%	34	733
PANW $418.78
190	1	59.0%	78.02	77.80	82.80	420.00	68.90	71.60	70.53	50.7%	13	142
199	1	59.0%	70.60	72.55	80.10	430.00	73.60	77.60	83.95	50.2%	196	263
508	1	58.6%	70.30	70.25	74.00	440.00	79.10	85.15	87.60	50.5%	1	99
302	4	59.1%	69.32	67.25	71.15	450.00	85.25	89.95	95.80	51.5%	11	155
319	3	58.9%	65.40	62.80	68.25	460.00	91.80	98.35	96.50	50.5%	2	83
170	4	58.7%	60.25	59.80	64.15	470.00	97.70	104.25	116.28	52.2%	2	103
195	2	58.0%	58.90	55.00	60.85	480.00	0.00	0.00	148.09	—	2	0
266	6	58.6%	55.00	53.30	58.35	490.00	111.35	118.40	114.34	52.3%	2	1
410	11	58.6%	50.55	51.15	55.15	500.00	175.20	180.35	165.45	90.1%	—	1
275	19	58.3%	50.20	47.75	52.25	510.00	125.55	132.70	156.83	52.0%	2	2
97	1	58.1%	47.80	44.05	50.35	520.00	132.90	140.05	135.39	51.8%	2	5
65	2	58.0%	41.75	42.45	46.95	530.00	0.00	0.00	188.60	—	2	0
133	2	58.7%	41.10	40.95	45.85	540.00	—	—	—	—	—	—
390	7	58.4%	41.20	39.20	42.50	550.00	—	—	—	—	—	—
141	8	58.2%	37.65	36.05	41.05	560.00	—	—	—	—	—	—
93	1	57.8%	36.90	32.65	39.50	570.00	225.00	234.00	254.75	89.2%	—	2
155	3	57.9%	29.50	32.10	36.55	580.00	0.00	0.00	234.00	—	3	0
443	1	58.4%	31.75	30.50	36.05	590.00	189.20	194.95	242.01	50.5%	2	15
58	2	58.4%	31.48	28.90	34.20	600.00	—	—	—	—	—	—
36	7	59.1%	26.30	28.70	32.95	610.00	206.20	211.80	227.85	50.2%	3	3
14	6	58.7%	28.65	27.65	30.10	620.00	214.45	220.35	236.60	50.0%	3	3
14	8	57.8%	27.30	24.05	28.70	630.00	223.05	229.00	237.80	49.9%	3	6
—	—	—	—	—	—	640.00	230.65	237.75	247.55	49.8%	3	6
13	1	58.7%	23.60	23.45	26.05	650.00	239.55	246.55	255.55	49.6%	3	3
16	3	58.6%	19.65	22.35	24.65	660.00	249.70	255.50	251.70	49.5%	3	2
6	23	58.5%	21.50	20.75	23.60	670.00	257.65	264.50	258.45	49.5%	3	4
11	3	58.1%	21.35	18.35	23.10	680.00	—	—	—	—	—	—
14	5	58.3%	20.00	17.20	22.55	690.00	—	—	—	—	—	—
60	52	58.8%	19.43	18.35	20.25	700.00	—	—	—	—	—	—
9	3	58.1%	18.70	14.70	20.70	710.00	294.90	301.10	361.00	49.0%	—	0
13	3	58.7%	12.04	15.10	19.75	720.00	—	—	—	—	—	—
3	4	58.9%	16.50	15.85	17.60	730.00	—	—	—	—	—	—
46	2	57.8%	16.85	13.15	16.80	740.00	—	—	—	—	—	—
46	20	58.4%	15.45	11.40	18.00	750.00	—	—	—	—	—	—
33	2	59.5%	13.18	13.20	16.80	760.00	—	—	—	—	—	—
10	14	57.8%	13.34	10.30	14.10	780.00	—	—	—	—	—	—

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 June 17, 2027 expiration, the PANW put/call ratio based on open interest is 1.02 (21,299 puts vs 20,830 calls), and 1.34 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 June 17, 2027 is about 54.8%, 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 16 listed expiration dates, from Oct 16, 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.