Papa John's International (PZZA) Options Chain

NASDAQ: PZZAConsumer CyclicalRestaurantsUSD

19.75+0.29 (+1.49%)

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

Expiration date

Expiration: Mar 19, 2027
Days to expiration: 159
Share price: $19.75
Put/call ratio (OI): 1.08
Put/call ratio (volume): 1.13
ATM implied volatility: 61.4%
Expected move: ±$8.00
Open interest (C / P): 508 / 548

PZZA options summary

The PZZA options chain for the March 19, 2027 expiration lists 16 call and 14 put contracts, with 159 days until expiration. Open interest stands at 508 calls and 548 puts, a put/call ratio of 1.08, which is fairly balanced between calls and puts. At-the-money implied volatility near the $20.00 strike is 61.4%, which implies the market expects a move of about ±$8.00 (40.5%) in Papa John's International stock by expiration.

The most open interest sits at the $35.00 call (203 contracts) and the $22.50 put (134 contracts).

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

PZZA options chain · March 19, 2027

PZZA 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
2	—	79.1%	8.10	6.30	9.90	12.50	0.40	2.25	0.50	95.5%	4	30
—	—	—	—	—	—	15.00	0.30	1.65	1.05	59.9%	53	68
0	3	—	7.55	0.00	0.00	17.50	1.35	2.45	1.90	59.1%	2	87
PZZA $19.75
74	25	64.8%	3.00	2.70	3.80	20.00	2.50	3.80	3.30	58.0%	10	92
17	1	60.9%	2.15	1.75	2.60	22.50	4.10	5.40	4.77	57.6%	15	134
67	52	63.3%	1.65	1.15	2.15	25.00	5.60	8.70	6.80	68.4%	20	26
37	1	66.0%	1.19	0.70	1.90	27.50	7.60	10.60	7.84	67.1%	24	49
43	30	71.0%	0.85	0.70	1.60	30.00	9.70	12.30	9.02	60.9%	6	35
29	1	64.8%	1.00	0.15	1.15	32.50	12.10	14.70	13.35	64.8%	1	10
203	1	65.8%	0.51	0.00	1.00	35.00	14.10	17.20	14.80	62.2%	1	12
7	1	71.1%	0.40	0.00	1.00	37.50	0.00	0.00	14.40	—	—	0
8	1	71.9%	0.25	0.00	0.80	40.00	—	—	—	—	—	—
7	1	78.2%	0.20	0.00	0.90	42.50	—	—	—	—	—	—
0	2	25.0%	0.30	0.00	0.00	45.00	0.00	0.00	12.50	—	5	0
0	2	25.0%	0.30	0.00	0.00	47.50	—	—	—	—	—	—
7	2	87.2%	0.07	0.00	0.80	50.00	0.00	0.00	18.50	—	—	0
7	2	82.0%	0.10	0.00	0.40	55.00	29.30	33.00	22.58	—	—	5

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 PZZA put/call ratio?

For the March 19, 2027 expiration, the PZZA put/call ratio based on open interest is 1.08 (548 puts vs 508 calls), and 1.13 based on today's volume. A ratio above 1 means more puts than calls.

What is PZZA's implied volatility?

At-the-money implied volatility for PZZA options expiring March 19, 2027 is about 61.4%, an annualized estimate of how much the market expects Papa John's International stock to move.

How many PZZA option expiration dates are there?

PZZA has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

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.