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: Feb 19, 2027
Days to expiration: 131
Share price: $54.59
Put/call ratio (OI): 1.28
Put/call ratio (volume): 0.30
ATM implied volatility: 56.6%
Expected move: ±$18.50
Open interest (C / P): 60 / 77

PS options summary

The PS options chain for the February 19, 2027 expiration lists 11 call and 5 put contracts, with 131 days until expiration. Open interest stands at 60 calls and 77 puts, a put/call ratio of 1.28, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $55.00 strike is 56.6%, which implies the market expects a move of about ±$18.50 (33.9%) in Pershing Square stock by expiration.

The most open interest sits at the $50.00 call (17 contracts) and the $35.00 put (55 contracts).

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

PS options chain · February 19, 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
0	—	—	17.90	0.00	0.00	22.50	0.05	1.90	1.50	111.3%	4	0
0	1	119.9%	12.66	27.60	31.40	25.00	0.00	1.55	0.79	94.0%	5	7
0	6	96.8%	24.76	22.80	26.40	30.00	0.00	2.55	0.95	86.5%	1	13
4	6	77.3%	19.74	17.80	21.40	35.00	0.45	2.95	3.50	75.6%	1	55
4	2	56.1%	10.00	12.90	16.10	40.00	1.00	4.20	5.00	70.0%	1	2
14	10	50.8%	11.25	9.20	12.00	45.00	—	—	—	—	—	—
17	11	50.8%	1.93	6.50	8.90	50.00	—	—	—	—	—	—
PS $54.59
10	1	56.6%	5.80	4.50	7.20	55.00	—	—	—	—	—	—
1	—	62.2%	3.60	1.50	4.60	65.00	—	—	—	—	—	—
9	2	50.8%	3.00	0.50	3.90	70.00	—	—	—	—	—	—
1	1	52.8%	2.20	0.05	3.30	75.00	—	—	—	—	—	—

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 February 19, 2027 expiration, the PS put/call ratio based on open interest is 1.28 (77 puts vs 60 calls), and 0.30 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 February 19, 2027 is about 56.6%, 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.