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: Jan 19, 2029
Days to expiration: 831
Share price: $418.78
Put/call ratio (OI): 1.42
Put/call ratio (volume): 0.34
ATM implied volatility: 55.7%
Expected move: ±$351.84
Open interest (C / P): 1.44K / 2.04K

PANW options summary

The PANW options chain for the January 19, 2029 expiration lists 43 call and 41 put contracts, with 831 days until expiration. Open interest stands at 1,438 calls and 2,035 puts, a put/call ratio of 1.42, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $420.00 strike is 55.7%, which implies the market expects a move of about ±$351.84 (84.0%) in Palo Alto Networks stock by expiration.

The most open interest sits at the $500.00 call (416 contracts) and the $290.00 put (1.01K contracts).

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

PANW options chain · January 19, 2029

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
2	2	100.0%	330.70	363.00	373.00	60.00	0.00	9.80	1.15	84.7%	4	61
—	—	—	—	—	—	70.00	0.00	1.95	1.54	57.3%	1	20
—	—	—	—	—	—	80.00	1.06	2.38	2.10	58.2%	—	50
—	—	—	—	—	—	100.00	0.01	10.00	3.75	62.5%	20	21
—	—	—	—	—	—	115.00	3.60	7.15	5.00	57.6%	5	4
—	—	—	—	—	—	150.00	8.35	11.00	9.80	54.2%	1	2
—	—	—	—	—	—	155.00	6.00	13.25	11.00	52.5%	1	2
—	—	—	—	—	—	170.00	12.15	15.05	14.30	53.5%	1	1
1	1	74.3%	229.00	274.00	283.00	175.00	13.60	15.75	13.75	53.4%	3	8
2	1	73.8%	264.95	270.00	280.00	180.00	14.45	17.15	16.97	53.2%	1	5
—	—	—	—	—	—	185.00	15.60	18.10	17.60	52.9%	1	1
—	—	—	—	—	—	195.00	16.50	19.90	19.55	51.5%	1	18
4	2	71.9%	240.80	258.00	265.00	200.00	17.95	22.20	20.40	51.9%	1	565
—	—	—	—	—	—	210.00	21.50	24.60	22.70	51.9%	6	30
10	2	70.5%	249.00	244.00	254.00	220.00	23.20	26.95	26.30	50.9%	1	10
14	1	70.0%	219.37	238.00	248.00	230.00	26.25	30.15	29.53	50.7%	1	8
3	1	68.8%	219.50	227.00	235.60	250.00	31.45	38.65	35.89	50.4%	1	37
—	—	—	—	—	—	260.00	35.40	40.85	40.40	51.6%	4	9
—	—	—	—	—	—	270.00	39.40	46.00	42.15	50.1%	2	13
6	2	67.1%	199.38	211.00	217.65	280.00	43.75	48.95	51.80	51.3%	1	1
14	2	67.2%	188.94	205.00	215.00	290.00	46.00	54.30	52.72	51.8%	2	1,015
208	5	66.5%	204.65	200.00	208.85	300.00	50.80	55.90	55.62	50.0%	1	21
—	—	—	—	—	—	310.00	55.00	62.00	66.60	50.7%	—	0
6	1	66.2%	185.64	191.00	200.00	320.00	59.20	66.25	68.88	50.3%	—	22
12	12	65.9%	171.17	186.00	195.70	330.00	64.40	72.80	77.81	51.0%	2	1
0	—	65.9%	152.46	182.00	192.00	340.00	69.00	77.80	80.50	50.8%	10	11
11	1	65.4%	178.40	178.00	186.10	350.00	73.00	82.00	79.70	50.2%	2	5
6	1	64.9%	169.50	173.00	181.70	360.00	—	—	—	—	—	—
14	1	64.6%	161.00	170.00	176.10	370.00	—	—	—	—	—	—
19	35	64.6%	163.23	165.00	174.00	380.00	90.35	96.15	94.20	48.7%	1	1
4	2	64.8%	155.67	162.00	171.00	390.00	95.00	101.70	103.81	48.5%	3	1
84	9	64.5%	153.54	158.00	166.95	400.00	102.55	107.35	105.25	48.3%	9	9
20	7	63.9%	148.00	154.00	161.75	410.00	—	—	—	—	—	—
PANW $418.78
14	1	63.5%	151.36	151.00	156.90	420.00	112.85	118.80	115.75	47.8%	2	25
46	86	63.5%	149.51	147.00	154.70	430.00	—	—	—	—	—	—
21	1	63.1%	142.24	141.00	146.95	450.00	130.00	139.00	150.35	48.0%	—	1
2	2	63.2%	116.91	138.00	144.35	460.00	136.00	143.20	141.05	46.9%	1	2
3	3	63.0%	141.35	134.00	141.95	470.00	—	—	—	—	—	—
9	1	62.9%	114.10	131.00	139.00	480.00	149.00	156.20	173.33	46.5%	—	1
169	2	63.0%	120.40	129.00	136.10	490.00	—	—	—	—	—	—
416	4	62.6%	129.90	126.00	132.30	500.00	163.25	169.85	167.61	46.3%	4	5
2	2	63.0%	121.11	123.00	132.00	510.00	170.40	178.00	192.35	46.6%	—	1
4	—	63.0%	111.33	120.00	130.00	520.00	—	—	—	—	—	—
1	—	62.4%	90.77	113.00	120.15	550.00	—	—	—	—	—	—
1	—	62.1%	97.40	106.00	113.00	580.00	—	—	—	—	—	—
2	1	61.9%	114.12	103.00	110.85	590.00	—	—	—	—	—	—
51	52	61.9%	99.71	101.00	108.65	600.00	234.00	242.00	263.81	44.4%	—	1
4	1	61.8%	94.00	99.00	106.55	610.00	—	—	—	—	—	—
5	4	62.1%	93.68	97.00	106.00	620.00	249.00	258.00	267.89	44.3%	—	22
14	5	61.9%	96.14	91.00	100.20	650.00	—	—	—	—	—	—
11	5	61.5%	88.47	89.00	96.80	660.00	280.00	288.90	310.78	43.2%	—	1
5	5	62.0%	96.35	88.00	97.00	670.00	—	—	—	—	—	—
6	5	61.6%	87.30	86.00	93.80	680.00	—	—	—	—	—	—
199	2	61.3%	86.70	82.00	89.80	700.00	312.00	321.00	311.55	42.3%	2	2
7	6	61.3%	80.00	79.00	86.60	720.00	330.00	337.20	350.56	41.7%	2	22
6	6	61.5%	72.53	69.00	79.00	790.00	—	—	—	—	—	—

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 January 19, 2029 expiration, the PANW put/call ratio based on open interest is 1.42 (2,035 puts vs 1,438 calls), and 0.34 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 January 19, 2029 is about 55.7%, 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 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.