Patria Investments (PAX) Options Chain

NASDAQ: PAXFinanceInvestment ManagersUSD

11.67+0.41 (+3.64%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $11.67
Put/call ratio (OI): 0.31
Put/call ratio (volume): 0.13
ATM implied volatility: 49.6%
Expected move: ±$2.97
Open interest (C / P): 2.64K / 828

PAX options summary

The PAX options chain for the January 15, 2027 expiration lists 7 call and 6 put contracts, with 96 days until expiration. Open interest stands at 2,637 calls and 828 puts, a put/call ratio of 0.31, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.50 strike is 49.6%, which implies the market expects a move of about ±$2.97 (25.5%) in Patria Investments stock by expiration.

The most open interest sits at the $12.50 call (2.42K contracts) and the $10.00 put (781 contracts).

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

PAX options chain · January 15, 2027

PAX 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
0	15	—	8.40	0.00	0.00	2.50	—	—	—	—	—	—
0	5	—	6.60	0.00	0.00	5.00	0.00	0.40	0.40	123.4%	1	1
1	1	163.3%	3.10	2.50	5.60	7.50	0.00	0.95	0.10	97.1%	—	1
43	3	112.9%	1.70	0.75	3.40	10.00	0.35	0.50	0.60	51.8%	1	781
PAX $11.67
2,425	4	42.9%	0.62	0.50	0.70	12.50	1.30	1.85	2.30	56.4%	1	43
167	10	43.9%	0.15	0.05	0.20	15.00	2.00	4.20	3.93	78.8%	—	2
1	1	58.3%	0.15	0.00	0.35	17.50	—	—	—	—	—	—
—	—	—	—	—	—	22.50	0.00	0.00	10.86	—	2	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 PAX put/call ratio?

For the January 15, 2027 expiration, the PAX put/call ratio based on open interest is 0.31 (828 puts vs 2,637 calls), and 0.13 based on today's volume. A ratio above 1 means more puts than calls.

What is PAX's implied volatility?

At-the-money implied volatility for PAX options expiring January 15, 2027 is about 49.6%, an annualized estimate of how much the market expects Patria Investments stock to move.

How many PAX option expiration dates are there?

PAX has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 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.