Papa John's International (PZZA) Options Chain

NASDAQ: PZZAConsumer DiscretionaryRestaurantsUSD

19.77+0.31 (+1.59%)

Market open · Delayed 15 min · as of Oct 9, 2:00 PM ET

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 469
Share price: $19.78
Put/call ratio (OI): 0.11
Put/call ratio (volume): 0.29
ATM implied volatility: 74.1%
Expected move: ±$16.60
Open interest (C / P): 7.01K / 737

PZZA options summary

The PZZA options chain for the January 21, 2028 expiration lists 23 call and 19 put contracts, with 469 days until expiration. Open interest stands at 7,008 calls and 737 puts, a put/call ratio of 0.11, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $20.00 strike is 74.1%, which implies the market expects a move of about ±$16.60 (84.0%) in Papa John's International stock by expiration.

The most open interest sits at the $40.00 call (1.70K contracts) and the $25.00 put (233 contracts).

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

PZZA options chain · January 21, 2028

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
13	5	58.6%	13.00	6.50	11.00	12.50	—	—	—	—	—	—
11	1	61.8%	7.00	5.50	9.50	15.00	0.00	2.90	1.45	64.4%	10	21
15	10	60.9%	5.94	4.00	8.50	17.50	0.50	5.40	2.14	79.4%	10	65
PZZA $19.78
184	1	69.0%	5.22	4.40	7.50	20.00	2.00	7.00	3.79	79.1%	10	147
70	2	58.7%	4.30	2.00	6.50	22.50	0.00	0.00	4.10	—	5	0
366	7	57.9%	3.38	1.50	5.50	25.00	5.50	10.00	6.50	72.2%	7	233
91	64	58.0%	3.47	0.90	5.00	27.50	0.00	0.00	6.83	—	1	0
332	200	58.5%	2.30	2.05	3.00	30.00	11.30	13.10	11.00	52.0%	1	86
46	3	72.0%	3.32	1.60	5.00	32.50	11.50	16.00	12.41	71.8%	1	91
1,018	2	62.9%	1.70	1.60	2.75	35.00	13.50	18.00	15.30	70.2%	2	32
343	1	62.1%	1.54	1.35	2.30	37.50	12.00	16.50	8.52	—	2	8
1,701	8	58.0%	1.14	1.10	1.50	40.00	18.50	22.70	20.40	73.6%	1	14
88	1	62.7%	1.10	0.90	1.95	42.50	21.00	25.50	23.25	80.3%	2	1
631	1	82.4%	0.90	0.45	5.00	45.00	9.50	14.50	13.00	—	1	20
3	1	82.3%	1.10	0.00	5.00	47.50	21.30	26.00	15.20	—	30	18
934	34	55.0%	0.58	0.50	0.65	50.00	0.00	0.00	25.22	—	3	0
14	1	86.9%	1.30	0.00	5.00	52.50	13.50	18.50	18.91	—	1	0
84	16	65.9%	0.43	0.05	1.80	55.00	—	—	—	—	—	—
0	1	25.0%	1.10	0.00	0.00	57.50	18.00	23.00	26.00	—	—	1
59	1	64.5%	0.30	0.20	1.15	60.00	0.00	0.00	28.40	—	35	0
223	50	96.4%	1.78	0.00	5.00	65.00	0.00	0.00	32.00	—	1	0
211	2	99.5%	0.40	0.00	5.00	70.00	—	—	—	—	—	—
571	10	79.6%	0.10	0.05	1.95	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 PZZA put/call ratio?

For the January 21, 2028 expiration, the PZZA put/call ratio based on open interest is 0.11 (737 puts vs 7,008 calls), and 0.29 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 January 21, 2028 is about 74.1%, 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.