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: Mar 19, 2027
Days to expiration: 159
Share price: $103.98
Put/call ratio (OI): 0.38
Put/call ratio (volume): 0.73
ATM implied volatility: 32.8%
Expected move: ±$22.53
Open interest (C / P): 2.50K / 962

PAYX options summary

The PAYX options chain for the March 19, 2027 expiration lists 24 call and 18 put contracts, with 159 days until expiration. Open interest stands at 2,502 calls and 962 puts, a put/call ratio of 0.38, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $105.00 strike is 32.8%, which implies the market expects a move of about ±$22.53 (21.7%) in Paychex stock by expiration.

The most open interest sits at the $140.00 call (1.77K contracts) and the $80.00 put (316 contracts).

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

PAYX options chain · March 19, 2027

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
—	—	—	—	—	—	45.00	0.10	0.90	0.70	71.8%	2	9
—	—	—	—	—	—	50.00	0.00	2.85	1.00	80.1%	1	2
0	2	230.1%	43.78	69.50	73.50	55.00	0.00	1.15	0.40	57.9%	1	13
—	—	—	—	—	—	60.00	0.00	1.10	0.25	50.6%	4	15
5	3	—	24.50	26.50	31.00	65.00	0.00	0.95	1.20	50.0%	1	4
0	1	174.2%	36.63	54.80	58.90	70.00	0.00	2.35	0.55	56.5%	9	19
0	1	—	47.40	0.00	0.00	75.00	0.05	2.60	1.60	50.9%	1	10
4	3	44.4%	38.60	23.20	26.70	80.00	0.40	2.65	1.80	44.0%	1	316
1	—	41.2%	19.70	18.40	22.40	85.00	1.00	2.60	2.40	36.7%	18	19
5	1	38.7%	16.55	14.80	18.40	90.00	1.65	4.00	4.00	36.8%	32	71
0	1	—	31.40	0.00	0.00	95.00	2.65	5.70	5.05	36.4%	1	12
173	14	29.9%	10.07	8.20	10.20	100.00	4.50	8.10	5.59	37.1%	1	37
PAYX $103.98
66	12	32.7%	7.43	5.60	8.50	105.00	7.60	9.60	9.98	33.0%	1	96
266	3	29.7%	4.50	3.60	5.70	110.00	0.00	0.00	7.48	—	4	0
70	31	29.4%	3.70	2.80	4.10	115.00	13.20	16.90	9.40	36.4%	1	311
40	1	30.2%	2.22	1.60	3.10	120.00	17.10	21.10	11.10	38.5%	7	16
28	1	33.1%	1.55	0.65	2.80	125.00	—	—	—	—	—	—
18	3	34.0%	0.90	0.35	2.20	130.00	11.60	15.70	34.60	—	—	0
33	11	30.9%	0.98	0.35	1.15	135.00	36.30	40.40	42.03	60.8%	—	12
1,766	7	30.9%	0.65	0.25	0.80	140.00	—	—	—	—	—	—
5	1	35.3%	2.90	0.00	1.00	145.00	—	—	—	—	—	—
2	1	39.2%	2.20	0.00	1.15	150.00	—	—	—	—	—	—
10	4	41.7%	1.40	0.00	1.15	155.00	—	—	—	—	—	—
6	6	49.9%	1.10	0.00	1.90	160.00	—	—	—	—	—	—
4	2	51.6%	0.60	0.00	1.80	165.00	—	—	—	—	—	—
0	5	12.5%	1.35	0.00	0.00	170.00	—	—	—	—	—	—
0	2	12.5%	1.25	0.00	0.00	175.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the PAYX put/call ratio based on open interest is 0.38 (962 puts vs 2,502 calls), and 0.73 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 March 19, 2027 is about 32.8%, 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.