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: Jan 15, 2027
Days to expiration: 97
Share price: $54.59
Put/call ratio (OI): 1.53
Put/call ratio (volume): 0.47
ATM implied volatility: 61.2%
Expected move: ±$17.22
Open interest (C / P): 402 / 615

PS options summary

The PS options chain for the January 15, 2027 expiration lists 14 call and 9 put contracts, with 97 days until expiration. Open interest stands at 402 calls and 615 puts, a put/call ratio of 1.53, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $55.00 strike is 61.2%, which implies the market expects a move of about ±$17.22 (31.5%) in Pershing Square stock by expiration.

The most open interest sits at the $60.00 call (132 contracts) and the $30.00 put (212 contracts).

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

PS options chain · January 15, 2027

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
—	—	—	—	—	—	17.50	0.00	0.35	0.33	113.3%	1	22
0	20	172.5%	34.88	32.60	36.40	20.00	0.00	0.75	0.08	115.8%	1	16
0	—	—	17.90	0.00	0.00	22.50	0.00	0.75	0.10	103.5%	10	113
0	1	139.1%	33.00	27.60	31.40	25.00	0.00	0.75	0.75	92.5%	2	59
10	20	53.3%	25.10	22.90	26.40	30.00	0.35	1.00	0.50	84.1%	30	212
24	50	82.3%	20.10	17.90	21.00	35.00	0.00	2.95	1.00	83.5%	30	77
45	10	66.7%	14.20	13.10	16.20	40.00	0.30	3.90	3.80	74.2%	6	36
30	2	56.5%	6.00	9.20	11.80	45.00	2.25	5.40	3.31	75.4%	1	35
24	5	55.0%	7.77	6.00	8.50	50.00	4.90	7.70	5.52	78.3%	12	45
PS $54.59
7	5	61.2%	5.40	3.70	6.70	55.00	—	—	—	—	—	—
132	59	53.1%	6.13	2.65	5.20	60.00	—	—	—	—	—	—
12	11	54.6%	4.50	1.00	4.50	65.00	—	—	—	—	—	—
103	1	57.6%	2.15	0.25	3.90	70.00	—	—	—	—	—	—
13	13	61.9%	2.25	0.05	3.40	75.00	—	—	—	—	—	—
2	1	66.6%	1.00	0.05	3.00	80.00	—	—	—	—	—	—

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 January 15, 2027 expiration, the PS put/call ratio based on open interest is 1.53 (615 puts vs 402 calls), and 0.47 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 January 15, 2027 is about 61.2%, 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.