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 21, 2028
Days to expiration: 468
Share price: $18.22
Put/call ratio (OI): 0.54
Put/call ratio (volume): 3.10
ATM implied volatility: 70.2%
Expected move: ±$14.48
Open interest (C / P): 8.58K / 4.60K

PGY options summary

The PGY options chain for the January 21, 2028 expiration lists 22 call and 22 put contracts, with 468 days until expiration. Open interest stands at 8,581 calls and 4,603 puts, a put/call ratio of 0.54, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $18.00 strike is 70.2%, which implies the market expects a move of about ±$14.48 (79.5%) in Pagaya Technologies stock by expiration.

The most open interest sits at the $15.00 call (1.52K contracts) and the $5.00 put (1.59K contracts).

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

PGY options chain · January 21, 2028

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
567	2	167.8%	14.62	14.50	17.90	3.00	0.00	0.60	0.15	113.5%	6	95
223	2	115.4%	13.74	13.10	15.20	5.00	0.05	0.40	0.45	76.0%	1	1,594
856	2	95.0%	11.32	10.30	13.20	8.00	0.00	3.00	1.50	94.1%	1	51
406	5	92.6%	10.28	9.00	12.10	10.00	0.50	3.50	1.70	85.3%	20	277
11	2	84.9%	8.74	7.40	10.00	13.00	1.35	4.20	2.73	72.8%	4	5
1,519	4	83.9%	7.20	7.10	8.50	15.00	3.20	4.50	4.00	72.9%	4	256
312	4	70.0%	7.05	4.00	7.40	18.00	4.10	6.90	5.33	70.3%	1	229
PGY $18.22
523	1	85.5%	6.22	5.00	7.50	20.00	5.40	8.00	6.72	68.5%	1	1,569
349	20	80.2%	7.42	3.60	6.50	23.00	7.10	10.00	7.90	64.5%	1	105
396	5	81.3%	4.45	3.60	5.80	25.00	8.60	11.30	9.30	62.8%	4	49
497	1	74.4%	3.82	2.20	4.90	28.00	8.50	13.50	14.88	76.5%	2	184
982	1	76.6%	2.25	2.60	4.20	30.00	12.20	14.90	12.63	56.0%	2	32
106	1	71.7%	3.10	1.15	4.00	33.00	14.40	17.60	14.65	53.1%	105	77
325	4	71.5%	2.40	0.85	3.80	35.00	16.10	19.20	16.43	50.2%	10	43
4	8	72.0%	3.14	0.60	3.70	37.00	0.00	0.00	18.90	—	33	0
208	1	73.2%	3.59	0.30	3.60	40.00	20.30	24.00	21.10	77.0%	5	14
23	1	73.7%	4.38	0.15	3.50	42.00	25.60	30.00	29.72	102.3%	2	3
49	2	75.8%	2.71	0.00	3.50	45.00	22.80	27.00	28.76	45.3%	2	3
16	1	77.1%	2.21	0.00	3.40	47.00	31.40	35.50	36.68	115.7%	1	3
371	1	83.2%	1.70	0.45	3.40	50.00	30.90	34.20	25.50	63.9%	—	10
234	1	84.0%	1.09	0.00	3.40	55.00	38.50	42.50	40.40	111.4%	2	4
604	1	90.7%	1.10	0.60	3.20	60.00	39.50	43.20	39.39	83.3%	10	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 21, 2028 expiration, the PGY put/call ratio based on open interest is 0.54 (4,603 puts vs 8,581 calls), and 3.10 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 21, 2028 is about 70.2%, 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.