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: Jan 21, 2028
Days to expiration: 468
Share price: $103.98
Put/call ratio (OI): 1.09
Put/call ratio (volume): 0.13
ATM implied volatility: 31.2%
Expected move: ±$36.68
Open interest (C / P): 1.30K / 1.42K

PAYX options summary

The PAYX options chain for the January 21, 2028 expiration lists 30 call and 23 put contracts, with 468 days until expiration. Open interest stands at 1,303 calls and 1,415 puts, a put/call ratio of 1.09, which is fairly balanced between calls and puts. At-the-money implied volatility near the $105.00 strike is 31.2%, which implies the market expects a move of about ±$36.68 (35.3%) in Paychex stock by expiration.

The most open interest sits at the $140.00 call (321 contracts) and the $55.00 put (353 contracts).

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

PAYX options chain · January 21, 2028

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
1	2	61.2%	70.44	56.50	61.50	45.00	0.00	2.30	0.50	59.6%	5	8
0	4	54.6%	50.35	51.50	56.50	50.00	0.00	3.00	1.19	57.7%	1	2
2	2	48.7%	60.60	46.50	51.50	55.00	0.00	3.20	1.25	52.6%	1	353
2	2	105.7%	64.70	60.00	64.50	60.00	0.00	4.40	1.86	52.5%	1	156
19	12	112.4%	33.40	61.00	63.00	65.00	0.05	5.00	2.04	49.2%	1	32
46	3	36.3%	48.30	34.10	37.10	70.00	1.35	3.80	1.75	39.1%	1	50
22	2	33.3%	50.82	30.10	32.50	75.00	0.45	4.00	4.00	35.0%	1	4
50	1	35.2%	25.50	26.80	29.50	80.00	3.80	5.40	4.00	34.8%	1	27
10	1	33.9%	35.00	23.60	25.80	85.00	4.40	5.90	6.16	31.4%	3	26
39	1	33.7%	20.00	19.80	22.70	90.00	4.80	9.00	8.80	34.4%	3	65
186	10	33.5%	19.80	17.00	19.90	95.00	8.70	9.80	9.02	30.9%	4	84
40	1	33.6%	13.80	14.30	17.50	100.00	9.90	11.70	11.60	29.6%	2	70
PAYX $103.98
29	50	32.6%	11.40	11.80	14.80	105.00	12.10	14.50	13.60	29.8%	2	22
66	125	29.5%	11.03	10.60	11.40	110.00	15.20	19.00	16.44	32.9%	1	56
31	98	29.5%	9.32	8.80	9.70	115.00	17.20	20.70	13.10	29.5%	14	46
62	16	29.5%	7.85	7.40	8.20	120.00	20.90	23.80	21.80	28.6%	2	36
127	8	29.5%	6.57	6.00	6.90	125.00	24.20	27.90	25.25	29.5%	4	22
24	2	29.7%	5.59	5.10	5.90	130.00	28.20	31.00	34.01	27.5%	1	321
35	54	30.0%	4.76	4.20	5.10	135.00	38.00	42.50	48.38	44.9%	1	14
321	1	33.0%	3.50	1.50	5.40	140.00	36.50	39.90	36.80	28.9%	2	16
71	2	32.0%	4.15	1.35	4.30	145.00	—	—	—	—	—	—
57	2	32.4%	3.49	2.05	3.80	150.00	30.50	35.00	40.00	—	—	4
7	6	37.6%	10.50	0.05	5.00	155.00	—	—	—	—	—	—
18	1	54.2%	5.03	7.00	11.00	160.00	—	—	—	—	—	—
7	—	39.4%	1.80	0.60	4.50	165.00	—	—	—	—	—	—
7	5	37.8%	3.71	0.15	3.50	170.00	—	—	—	—	—	—
2	1	45.6%	5.50	2.80	5.60	175.00	50.30	53.70	61.20	—	1	1
16	1	40.2%	1.27	0.05	3.40	180.00	74.00	79.00	77.49	38.8%	1	0
3	1	46.0%	4.16	1.40	4.40	190.00	—	—	—	—	—	—
3	1	42.8%	1.50	0.00	3.10	195.00	—	—	—	—	—	—

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 January 21, 2028 expiration, the PAYX put/call ratio based on open interest is 1.09 (1,415 puts vs 1,303 calls), and 0.13 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 January 21, 2028 is about 31.2%, 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.