Praxis Precision Medicines (PRAX) Options Chain

NASDAQ: PRAXHealth CareBiotechnology: Pharmaceutical PreparationsUSD

259.86-3.69 (-1.40%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $259.86
Put/call ratio (OI): 0.34
Put/call ratio (volume): 0.73
ATM implied volatility: 151.7%
Expected move: ±$202.22
Open interest (C / P): 724 / 248

PRAX options summary

The PRAX options chain for the January 15, 2027 expiration lists 31 call and 24 put contracts, with 96 days until expiration. Open interest stands at 724 calls and 248 puts, a put/call ratio of 0.34, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $260.00 strike is 151.7%, which implies the market expects a move of about ±$202.22 (77.8%) in Praxis Precision Medicines stock by expiration.

The most open interest sits at the $500.00 call (144 contracts) and the $200.00 put (66 contracts).

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

PRAX options chain · January 15, 2027

PRAX 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
—	—	—	—	—	—	85.00	4.00	7.00	5.50	167.1%	1	0
—	—	—	—	—	—	95.00	2.50	7.50	6.60	148.1%	—	1
1	—	524.4%	188.90	230.00	235.00	100.00	—	—	—	—	—	—
—	—	—	—	—	—	125.00	0.00	10.00	1.90	112.4%	—	2
—	—	—	—	—	—	130.00	0.00	10.00	2.30	107.4%	24	51
—	—	—	—	—	—	135.00	0.00	9.90	2.40	102.2%	1	2
1	1	560.9%	188.00	227.00	237.00	140.00	0.00	9.90	3.42	97.5%	2	2
—	—	—	—	—	—	150.00	13.00	18.00	21.00	132.4%	1	1
—	—	—	—	—	—	160.00	3.00	13.00	11.90	93.7%	10	20
1	1	416.2%	158.00	195.00	205.00	175.00	—	—	—	—	—	—
—	—	—	—	—	—	185.00	6.10	16.00	8.00	82.4%	1	0
0	1	203.5%	66.39	126.00	131.00	190.00	—	—	—	—	—	—
0	1	—	92.40	0.00	0.00	200.00	10.60	19.60	10.00	80.8%	101	66
0	3	—	163.10	0.00	0.00	220.00	—	—	—	—	—	—
—	—	—	—	—	—	230.00	22.00	31.00	11.80	79.4%	—	10
2	1	198.6%	78.00	103.00	113.00	240.00	—	—	—	—	—	—
1	1	190.4%	85.00	96.00	105.90	250.00	18.10	28.00	37.00	53.0%	1	1
PRAX $259.86
1	2	225.4%	78.70	109.00	119.00	260.00	37.00	46.00	30.40	78.0%	2	8
4	1	85.2%	42.90	37.30	45.00	270.00	0.00	0.00	22.30	—	3	0
17	2	83.3%	38.90	32.00	41.00	280.00	48.80	58.00	38.80	77.2%	2	5
12	1	83.7%	36.50	28.70	38.00	290.00	55.00	64.00	35.00	76.2%	1	4
42	1	83.2%	30.50	26.10	34.00	300.00	62.00	71.00	30.15	76.2%	1	6
80	100	82.4%	37.23	22.00	31.70	310.00	69.00	78.00	44.55	75.7%	1	2
4	2	85.6%	25.00	23.00	29.00	320.00	76.10	85.70	62.00	75.4%	1	6
38	1	82.2%	27.00	17.80	26.00	330.00	35.00	44.00	62.92	—	21	24
5	1	190.1%	53.50	72.00	81.00	340.00	—	—	—	—	—	—
62	3	81.3%	20.00	13.00	22.00	350.00	99.90	109.00	68.35	74.4%	1	30
5	1	80.6%	54.00	11.00	20.00	360.00	108.00	117.20	84.95	73.7%	2	5
3	1	81.1%	16.00	9.40	19.00	370.00	116.10	126.00	79.42	73.3%	1	1
2	3	81.3%	14.15	8.00	17.80	380.00	—	—	—	—	—	—
1	—	98.2%	65.40	14.00	23.90	390.00	—	—	—	—	—	—
124	38	80.8%	14.20	5.60	15.00	400.00	143.00	152.00	122.00	72.6%	—	1
50	2	203.4%	69.00	67.50	72.50	410.00	—	—	—	—	—	—
0	—	25.0%	62.60	0.00	0.00	430.00	—	—	—	—	—	—
8	6	79.8%	14.93	2.00	11.00	440.00	—	—	—	—	—	—
105	6	80.5%	13.23	1.10	11.00	450.00	—	—	—	—	—	—
0	1	25.0%	36.83	0.00	0.00	460.00	—	—	—	—	—	—
11	3	124.7%	9.83	15.00	24.90	480.00	—	—	—	—	—	—
144	60	85.3%	5.05	1.40	8.00	500.00	—	—	—	—	—	—
0	—	25.0%	16.20	0.00	0.00	580.00	—	—	—	—	—	—

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 PRAX put/call ratio?

For the January 15, 2027 expiration, the PRAX put/call ratio based on open interest is 0.34 (248 puts vs 724 calls), and 0.73 based on today's volume. A ratio above 1 means more puts than calls.

What is PRAX's implied volatility?

At-the-money implied volatility for PRAX options expiring January 15, 2027 is about 151.7%, an annualized estimate of how much the market expects Praxis Precision Medicines stock to move.

How many PRAX option expiration dates are there?

PRAX has 9 listed expiration dates, from Oct 16, 2026 to Mar 17, 2028.

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.