Pagaya Technologies (PGY) Options Chain

NASDAQ: PGYFinanceFinance: Consumer ServicesUSD

18.22-0.04 (-0.22%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $18.22
Put/call ratio (OI): 0.35
Put/call ratio (volume): 0.46
ATM implied volatility: 67.8%
Expected move: ±$6.33
Open interest (C / P): 25.87K / 9.12K

PGY options summary

The PGY options chain for the January 15, 2027 expiration lists 37 call and 32 put contracts, with 96 days until expiration. Open interest stands at 25,871 calls and 9,121 puts, a put/call ratio of 0.35, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $18.00 strike is 67.8%, which implies the market expects a move of about ±$6.33 (34.8%) in Pagaya Technologies stock by expiration.

The most open interest sits at the $25.00 call (2.98K contracts) and the $15.00 put (2.47K contracts).

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

PGY options chain · January 15, 2027

PGY 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
278	10	188.3%	15.16	14.20	16.40	3.00	0.00	0.00	0.27	50.0%	2	0
337	6	159.0%	13.20	12.20	14.60	5.00	0.00	0.75	0.05	189.8%	1	178
345	1	111.5%	9.30	9.70	11.20	8.00	0.00	0.15	0.12	88.3%	5	242
0	13	—	12.69	0.00	0.00	9.00	0.00	0.75	0.10	111.1%	9	186
339	1	93.8%	8.80	8.00	9.10	10.00	0.00	0.50	0.15	87.0%	4	296
0	2	—	11.68	0.00	0.00	11.00	0.00	0.75	0.25	84.8%	4	52
530	1	87.5%	6.50	6.10	7.60	12.00	0.30	0.80	0.40	83.3%	2	596
88	1	84.5%	6.50	5.30	6.80	13.00	0.25	0.90	0.55	72.8%	2	138
95	1	81.9%	6.30	4.70	5.90	14.00	0.50	1.20	0.75	73.0%	2	157
1,090	3	72.8%	5.01	4.20	4.60	15.00	0.55	1.70	1.00	70.8%	3	2,470
72	3	78.8%	3.82	3.40	4.60	16.00	1.00	1.50	1.39	62.4%	3	1,063
182	2	76.4%	3.38	2.80	4.00	17.00	1.65	2.95	1.70	79.8%	1	251
450	2	71.9%	2.85	2.35	3.20	18.00	2.00	2.50	2.45	63.6%	29	179
PGY $18.22
117	24	74.9%	2.40	2.10	2.85	19.00	2.50	3.40	2.75	66.8%	19	124
2,185	19	69.0%	1.95	1.60	2.20	20.00	3.30	4.00	3.60	68.3%	5	1,620
1,206	1	72.6%	1.80	1.40	2.05	21.00	3.70	4.70	3.40	64.3%	31	39
1,669	126	72.3%	1.45	1.20	1.70	22.00	4.30	5.50	5.40	62.9%	1	324
226	2	71.6%	1.17	0.80	1.60	23.00	5.00	6.50	4.60	64.7%	6	124
134	1	72.1%	1.08	0.65	1.40	24.00	5.30	7.80	5.31	63.9%	1	3
2,977	15	73.3%	0.85	0.70	1.10	25.00	6.70	7.80	7.44	57.9%	1	313
143	1	70.3%	0.70	0.35	1.00	26.00	7.00	9.50	8.85	62.4%	—	100
879	1	72.8%	0.59	0.25	1.00	27.00	8.30	9.80	9.26	56.9%	1	346
61	1	71.7%	0.45	0.15	0.85	28.00	—	—	—	—	—	—
25	2	69.6%	0.55	0.00	0.75	29.00	—	—	—	—	—	—
1,442	70	73.0%	0.35	0.25	0.50	30.00	10.60	13.00	12.09	105.9%	2	118
23	9	82.3%	0.30	0.00	1.00	31.00	—	—	—	—	—	—
855	2	79.3%	0.25	0.00	0.75	32.00	12.80	14.80	14.70	106.3%	1	25
46	2	92.0%	0.25	0.00	1.15	33.00	—	—	—	—	—	—
2,571	3	87.8%	0.20	0.05	0.70	35.00	16.30	18.50	19.10	100.0%	2	41
1,706	1	74.4%	0.15	0.05	0.20	37.00	16.40	21.00	18.30	160.6%	12	12
1,362	1	91.7%	0.05	0.00	0.50	40.00	25.30	27.80	26.04	239.4%	21	43
229	4	104.3%	0.03	0.00	0.75	42.00	21.20	23.10	22.43	—	2	5
496	1	107.0%	0.22	0.00	0.65	45.00	31.80	36.00	24.87	315.7%	1	17
93	2	114.0%	0.10	0.00	0.75	47.00	0.00	0.00	36.00	—	1	0
568	1	94.5%	0.16	0.00	0.20	50.00	26.90	29.80	27.53	—	10	59
292	70	113.1%	0.16	0.00	0.40	55.00	—	—	—	—	—	—
2,760	2	90.6%	0.05	0.00	0.05	60.00	40.10	43.20	45.33	183.0%	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 PGY put/call ratio?

For the January 15, 2027 expiration, the PGY put/call ratio based on open interest is 0.35 (9,121 puts vs 25,871 calls), and 0.46 based on today's volume. A ratio above 1 means more puts than calls.

What is PGY's implied volatility?

At-the-money implied volatility for PGY options expiring January 15, 2027 is about 67.8%, an annualized estimate of how much the market expects Pagaya Technologies stock to move.

How many PGY option expiration dates are there?

PGY has 8 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.