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 21, 2028
Days to expiration: 469
Share price: $54.59
Put/call ratio (OI): 0.47
Put/call ratio (volume): 0.43
ATM implied volatility: 47.8%
Expected move: ±$29.55
Open interest (C / P): 354 / 167

PS options summary

The PS options chain for the January 21, 2028 expiration lists 15 call and 10 put contracts, with 469 days until expiration. Open interest stands at 354 calls and 167 puts, a put/call ratio of 0.47, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $55.00 strike is 47.8%, which implies the market expects a move of about ±$29.55 (54.1%) in Pershing Square stock by expiration.

The most open interest sits at the $30.00 call (77 contracts) and the $25.00 put (63 contracts).

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

PS options chain · January 21, 2028

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	2	96.9%	27.66	34.50	39.50	17.50	0.00	0.00	1.49	25.0%	10	0
2	1	86.7%	35.50	32.00	37.00	20.00	0.00	3.60	2.20	78.6%	1	3
4	15	77.8%	31.70	29.50	34.50	22.50	0.00	4.80	2.40	77.8%	10	51
37	55	66.8%	29.40	27.50	31.70	25.00	1.20	4.40	2.30	74.1%	6	63
77	1	56.8%	24.50	22.40	27.00	30.00	0.00	0.00	5.40	12.5%	1	0
22	7	49.3%	21.40	18.10	22.50	35.00	1.50	4.70	4.50	50.7%	1	22
26	1	46.8%	15.30	14.60	18.80	40.00	—	—	—	—	—	—
74	4	44.9%	10.00	12.10	15.50	45.00	6.00	10.50	8.60	56.4%	1	2
39	5	47.3%	10.00	10.20	13.50	50.00	9.00	13.00	13.00	56.6%	2	10
PS $54.59
31	1	47.8%	9.55	8.20	11.50	55.00	—	—	—	—	—	—
10	10	51.0%	8.85	6.70	10.50	60.00	15.50	19.00	18.51	56.5%	13	14
4	2	51.0%	2.40	5.10	9.00	65.00	—	—	—	—	—	—
0	—	6.3%	4.90	0.00	0.00	70.00	—	—	—	—	—	—
5	—	54.6%	5.22	3.10	7.50	75.00	44.60	48.90	36.60	134.4%	—	2
23	—	55.8%	3.71	1.70	6.00	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 January 21, 2028 expiration, the PS put/call ratio based on open interest is 0.47 (167 puts vs 354 calls), and 0.43 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 21, 2028 is about 47.8%, 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.