Pershing Square (PS) Options Chain

NYSE: PSFinanceInvestment ManagersUSD

54.59+0.253 (+0.47%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $54.59
Put/call ratio (OI): 2.24
Put/call ratio (volume): 0.52
ATM implied volatility: 75.6%
Expected move: ±$13.66
Open interest (C / P): 3.12K / 6.99K

PS options summary

The PS options chain for the November 20, 2026 expiration lists 15 call and 15 put contracts, with 40 days until expiration. Open interest stands at 3,119 calls and 6,986 puts, a put/call ratio of 2.24, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $55.00 strike is 75.6%, which implies the market expects a move of about ±$13.66 (25.0%) in Pershing Square stock by expiration.

The most open interest sits at the $45.00 call (2.00K contracts) and the $30.00 put (1.74K contracts).

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

PS options chain · November 20, 2026

PS 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
0	4	303.4%	34.91	34.90	39.00	17.50	0.00	1.00	0.20	213.3%	2	2
—	—	—	—	—	—	20.00	0.00	0.00	0.15	50.0%	1	0
10	20	196.1%	32.40	30.40	33.00	22.50	0.05	0.25	0.15	135.6%	32	742
3	5	215.0%	33.90	27.60	31.40	25.00	0.00	0.95	0.05	150.4%	13	1,712
29	50	82.4%	25.10	22.90	26.40	30.00	0.05	0.70	0.01	113.5%	3	1,740
2	4	50.0%	20.44	17.80	21.40	35.00	0.05	0.50	0.35	82.6%	1	356
41	60	108.0%	15.10	12.90	16.40	40.00	0.50	1.00	0.90	79.7%	20	1,521
1,999	13	67.3%	15.00	8.80	10.80	45.00	1.15	3.00	2.00	84.9%	7	557
52	8	68.2%	10.00	4.90	7.40	50.00	2.75	5.10	3.88	85.3%	1	135
PS $54.59
133	5	65.0%	3.81	3.70	5.40	55.00	5.80	7.20	7.00	86.2%	9	168
324	3	62.5%	2.55	2.25	2.85	60.00	9.00	11.50	9.64	94.8%	1	43
299	4	62.3%	1.39	1.05	1.75	65.00	12.40	15.60	12.60	97.0%	1	7
55	1	64.5%	1.50	0.05	1.60	70.00	31.60	35.00	38.80	313.6%	1	1
4	3	86.5%	0.50	0.05	2.50	75.00	0.00	0.00	37.10	—	2	0
163	3	95.7%	1.00	0.05	2.35	80.00	41.40	45.00	48.70	340.8%	1	2
5	—	104.9%	0.05	0.05	2.30	85.00	—	—	—	—	—	—

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 PS put/call ratio?

For the November 20, 2026 expiration, the PS put/call ratio based on open interest is 2.24 (6,986 puts vs 3,119 calls), and 0.52 based on today's volume. A ratio above 1 means more puts than calls.

What is PS's implied volatility?

At-the-money implied volatility for PS options expiring November 20, 2026 is about 75.6%, an annualized estimate of how much the market expects Pershing Square stock to move.

How many PS option expiration dates are there?

PS has 6 listed expiration dates, from Oct 16, 2026 to Jan 21, 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.