Paychex (PAYX) Options Chain

NASDAQ: PAYXIndustrialsDiversified Commercial ServicesUSD

103.98-0.48 (-0.46%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $103.98
Put/call ratio (OI): 1.23
Put/call ratio (volume): 1.04
ATM implied volatility: 35.3%
Expected move: ±$12.16
Open interest (C / P): 3.89K / 4.77K

PAYX options summary

The PAYX options chain for the November 20, 2026 expiration lists 13 call and 9 put contracts, with 40 days until expiration. Open interest stands at 3,893 calls and 4,771 puts, a put/call ratio of 1.23, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $105.00 strike is 35.3%, which implies the market expects a move of about ±$12.16 (11.7%) in Paychex stock by expiration.

The most open interest sits at the $130.00 call (2.51K contracts) and the $110.00 put (2.56K contracts).

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

PAYX options chain · November 20, 2026

PAYX 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
—	—	—	—	—	—	65.00	0.00	1.15	0.05	88.2%	—	1
—	—	—	—	—	—	85.00	0.00	0.35	0.20	39.6%	2	5
1	2	58.3%	11.16	13.20	16.50	90.00	0.30	0.45	0.41	32.4%	4	371
5	2	49.4%	8.65	7.90	12.00	95.00	0.80	1.20	0.95	32.1%	33	1,222
181	4	37.9%	6.20	4.70	7.40	100.00	1.50	2.95	2.20	34.3%	30	548
PAYX $103.98
419	25	32.1%	3.25	1.60	4.00	105.00	3.10	5.90	4.37	38.5%	6	52
264	28	25.9%	1.40	1.30	1.45	110.00	6.00	9.40	7.35	41.4%	4	2,557
135	3	27.5%	0.64	0.05	0.70	115.00	10.20	14.30	13.35	51.6%	1	12
238	1	35.7%	0.20	0.05	0.75	120.00	15.00	18.50	17.10	54.2%	1	3
89	2	35.4%	0.20	0.00	0.35	125.00	—	—	—	—	—	—
2,509	2	54.7%	0.10	0.00	1.15	130.00	—	—	—	—	—	—
32	3	53.3%	1.90	0.00	1.35	135.00	—	—	—	—	—	—
5	6	53.2%	0.09	0.00	0.85	140.00	—	—	—	—	—	—
11	—	68.6%	0.25	0.00	1.35	150.00	—	—	—	—	—	—
4	—	81.7%	0.32	0.00	1.35	165.00	—	—	—	—	—	—

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 PAYX put/call ratio?

For the November 20, 2026 expiration, the PAYX put/call ratio based on open interest is 1.23 (4,771 puts vs 3,893 calls), and 1.04 based on today's volume. A ratio above 1 means more puts than calls.

What is PAYX's implied volatility?

At-the-money implied volatility for PAYX options expiring November 20, 2026 is about 35.3%, an annualized estimate of how much the market expects Paychex stock to move.

How many PAYX option expiration dates are there?

PAYX has 9 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.