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 16, 2028
Days to expiration: 614
Share price: $418.78
Put/call ratio (OI): 0.92
Put/call ratio (volume): 1.30
ATM implied volatility: 55.9%
Expected move: ±$303.68
Open interest (C / P): 6.66K / 6.12K

PANW options summary

The PANW options chain for the June 16, 2028 expiration lists 90 call and 71 put contracts, with 614 days until expiration. Open interest stands at 6,663 calls and 6,120 puts, a put/call ratio of 0.92, which is fairly balanced between calls and puts. At-the-money implied volatility near the $420.00 strike is 55.9%, which implies the market expects a move of about ±$303.68 (72.5%) in Palo Alto Networks stock by expiration.

The most open interest sits at the $300.00 call (607 contracts) and the $300.00 put (645 contracts).

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

PANW options chain · June 16, 2028

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
33	2	202.8%	325.00	410.00	420.00	5.00	0.00	0.00	0.20	50.0%	—	0
0	6	—	263.30	0.00	0.00	10.00	—	—	—	—	—	—
1	1	—	211.03	249.00	257.00	30.00	0.09	5.25	0.21	120.7%	40	40
0	—	—	352.35	0.00	0.00	35.00	—	—	—	—	—	—
—	—	—	—	—	—	40.00	0.01	1.71	0.55	86.7%	1	1
0	—	—	343.35	0.00	0.00	45.00	—	—	—	—	—	—
0	10	—	117.40	0.00	0.00	50.00	0.00	1.32	0.80	75.0%	1	1
1	—	—	113.55	115.00	125.00	55.00	0.00	1.89	1.15	75.5%	2	10
1	1	—	168.50	223.00	231.00	60.00	0.00	0.00	1.85	25.0%	1	0
0	—	—	111.10	0.00	0.00	65.00	0.00	1.12	0.85	64.1%	3	13
10	10	—	133.20	200.10	209.00	70.00	0.00	2.01	2.57	67.0%	2	14
0	1	—	223.95	0.00	0.00	75.00	0.07	1.58	0.71	62.5%	10	19
27	2	—	215.92	274.00	283.00	80.00	0.04	1.74	1.36	60.9%	22	17
34	1	—	250.75	270.00	279.00	85.00	0.00	5.65	1.59	71.5%	22	22
0	2	—	304.62	0.00	0.00	90.00	0.00	5.75	1.21	69.2%	10	17
3	—	—	87.00	85.30	95.00	95.00	0.26	6.80	5.00	69.7%	1	14
0	1	—	271.00	0.00	0.00	100.00	1.20	2.39	2.60	59.2%	2	55
6	1	—	252.50	235.00	242.00	105.00	0.00	0.00	13.50	25.0%	1	0
246	4	86.1%	234.64	317.00	325.05	110.00	1.78	3.10	3.00	58.5%	1	22
13	1	—	229.00	245.00	254.00	115.00	2.11	3.55	2.84	58.3%	6	138
0	2	—	63.70	0.00	0.00	120.00	4.50	8.55	7.50	68.0%	10	128
36	1	—	251.18	238.55	246.00	125.00	5.00	14.90	9.00	73.7%	1	43
7	4	80.5%	211.50	299.00	308.00	130.00	3.35	4.40	5.95	56.6%	1	287
36	1	79.9%	274.85	296.00	303.10	135.00	0.00	0.00	8.10	12.5%	4	0
0	1	79.9%	293.78	291.00	301.00	140.00	4.30	5.90	6.40	56.7%	5	267
94	1	—	150.60	230.00	238.00	145.00	4.85	6.40	8.25	56.3%	2	96
74	1	78.3%	263.33	283.00	293.00	150.00	5.30	7.20	6.45	56.1%	2	111
42	2	77.5%	249.92	279.00	289.00	155.00	9.60	11.00	15.25	62.3%	1	22
30	1	—	191.00	192.00	200.00	160.00	6.30	8.50	9.15	55.3%	1	602
78	1	75.3%	260.00	271.00	280.00	165.00	3.00	10.70	9.70	52.6%	1	427
88	1	75.7%	261.00	268.00	277.00	170.00	11.40	18.05	18.90	63.9%	6	19
0	1	—	214.30	0.00	0.00	175.00	9.15	10.70	12.75	55.0%	2	103
69	1	73.5%	215.45	260.00	268.05	180.00	9.90	11.80	10.40	54.9%	1	101
127	2	73.1%	217.00	257.00	263.90	185.00	10.65	13.10	13.88	54.9%	1	250
137	1	72.5%	222.82	253.00	260.20	190.00	11.60	14.10	13.50	54.7%	1	92
0	1	—	124.00	0.00	0.00	195.00	12.60	13.95	20.01	53.8%	13	15
263	5	72.0%	254.50	245.60	254.00	200.00	14.00	15.05	15.40	53.9%	1	469
214	1	71.4%	203.55	238.00	248.00	210.00	15.90	17.40	25.00	53.4%	1	48
134	1	70.5%	193.53	232.00	239.95	220.00	0.00	0.00	28.75	12.5%	6	0
404	137	69.2%	193.12	225.00	232.25	230.00	20.50	22.30	27.05	52.6%	2	11
0	3	—	196.27	0.00	0.00	240.00	21.90	26.85	35.50	52.5%	5	52
69	2	68.6%	199.05	212.00	221.00	250.00	24.70	29.65	27.90	52.1%	1	68
82	1	68.2%	197.22	206.00	215.00	260.00	26.00	34.25	33.87	51.7%	4	97
95	6	67.7%	184.20	200.00	209.00	270.00	29.00	36.35	33.55	50.9%	2	38
13	1	66.8%	128.00	194.00	202.00	280.00	33.05	39.85	36.60	50.9%	3	253
48	10	65.7%	172.45	188.00	194.65	290.00	38.05	43.80	50.75	51.2%	1	21
607	2	66.4%	185.33	183.05	192.00	300.00	42.45	46.90	44.90	50.9%	4	645
26	10	65.6%	162.40	177.00	186.00	310.00	44.00	52.65	51.72	50.4%	1	10
21	10	64.7%	163.20	172.00	178.80	320.00	49.55	57.00	55.10	50.6%	1	58
383	1	64.7%	179.00	167.00	174.80	330.00	55.10	62.00	58.95	50.9%	1	72
326	10	64.3%	167.71	162.00	169.65	340.00	58.85	65.95	68.50	50.3%	206	204
70	2	64.0%	142.39	157.00	164.90	350.00	62.00	69.25	65.60	51.3%	2	298
241	1	63.7%	145.98	153.25	159.35	360.00	66.00	75.10	71.40	51.5%	1	9
378	1	63.5%	142.25	148.00	155.60	370.00	71.00	81.00	77.00	51.8%	5	16
24	2	63.8%	156.93	144.00	153.00	380.00	79.45	84.00	97.35	50.4%	2	21
20	1	63.0%	136.36	140.00	146.35	390.00	82.00	89.30	87.82	50.1%	5	214
143	3	62.9%	138.35	136.70	142.00	400.00	87.00	91.80	91.80	48.4%	8	62
30	1	62.8%	128.00	132.00	139.20	410.00	93.00	100.75	111.95	49.9%	2	256
PANW $418.78
74	6	62.4%	133.75	128.00	134.50	420.00	99.00	106.15	121.75	49.5%	2	16
34	2	62.9%	131.18	124.00	134.00	430.00	106.00	112.90	109.02	49.6%	2	17
209	1	63.0%	119.80	121.85	130.00	440.00	113.30	119.55	150.14	49.7%	20	23
106	6	62.6%	108.29	117.00	127.00	450.00	117.00	125.75	123.50	49.5%	100	101
10	1	62.0%	111.08	114.00	121.50	460.00	123.00	130.55	163.50	48.6%	2	2
17	2	62.1%	62.18	110.00	120.00	470.00	129.00	138.00	172.49	48.9%	24	19
36	1	61.4%	106.34	107.00	114.25	480.00	136.00	143.40	162.81	48.2%	2	2
13	1	61.5%	83.70	105.00	110.95	490.00	142.00	150.00	191.88	48.0%	1	34
134	5	61.7%	104.53	102.00	109.40	500.00	150.80	156.65	162.64	47.7%	4	8
114	2	61.4%	75.30	99.00	105.70	510.00	—	—	—	—	—	—
10	2	61.9%	93.32	96.00	106.00	520.00	—	—	—	—	—	—
108	90	61.7%	92.26	93.00	103.00	530.00	—	—	—	—	—	—
9	2	61.4%	48.82	91.00	98.95	540.00	177.00	184.65	230.29	46.9%	—	1
83	2	61.6%	81.49	88.00	98.00	550.00	—	—	—	—	—	—
36	2	60.9%	95.00	86.00	92.40	560.00	—	—	—	—	—	—
50	2	60.9%	68.95	83.00	91.25	570.00	0.00	0.00	234.75	—	—	0
35	12	61.0%	67.15	81.00	89.20	580.00	0.00	0.00	240.15	—	—	0
421	4	60.7%	78.80	79.30	85.55	590.00	215.35	222.30	239.15	46.1%	3	23
34	2	61.2%	66.05	77.00	86.00	600.00	222.00	231.00	246.43	46.4%	4	3
2	2	61.0%	68.13	73.00	81.40	620.00	—	—	—	—	—	—
2	2	61.3%	62.35	71.00	81.00	630.00	—	—	—	—	—	—
9	1	60.6%	69.95	69.00	76.75	640.00	—	—	—	—	—	—
57	2	60.9%	72.60	67.00	76.35	650.00	—	—	—	—	—	—
10	6	60.5%	35.10	65.00	73.15	660.00	—	—	—	—	—	—
7	6	60.6%	34.95	64.00	71.35	670.00	—	—	—	—	—	—
32	1	60.5%	49.70	62.00	69.70	680.00	—	—	—	—	—	—
7	1	60.8%	48.35	60.00	70.00	690.00	—	—	—	—	—	—
74	2	60.4%	61.80	59.00	66.50	700.00	303.00	310.95	320.71	43.7%	2	3
45	8	60.2%	56.05	57.00	64.65	710.00	—	—	—	—	—	—
1	6	60.7%	54.50	56.00	65.00	720.00	—	—	—	—	—	—
2	2	60.6%	60.00	53.00	62.00	740.00	—	—	—	—	—	—
6	2	60.3%	52.60	52.00	59.25	750.00	—	—	—	—	—	—
92	5	60.3%	52.76	51.20	57.45	760.00	355.00	362.70	430.00	42.5%	—	0

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 16, 2028 expiration, the PANW put/call ratio based on open interest is 0.92 (6,120 puts vs 6,663 calls), and 1.30 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 16, 2028 is about 55.9%, 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.