PANW option chain Palo Alto Networks, Inc.

Expiration Cboe delayed options data · as of 15:42 UTC

Each row is one strike. The left half is the call, the right half the put. Bid/ask are what buyers and sellers currently quote; volume is contracts traded this session; open interest is standing contracts. The highlighted row sits closest to the stock price.

This expiration prices a move of about ±12.7% (304.82–393.22) · ATM IV 54.0% · P/C open interest 0.74

CALLS								Strike	PUTS
Bid	Ask	Vol	OIThe number of option contracts currently outstanding at a strike or expiration. High open interest shows where positions are concentrated.	IV	ΔModel sensitivity of an option's price to a $1 move in the stock; also used as a rough moneyness scale (a 25-delta option is well out of the money).	Γ	Θ		Bid	Ask	Vol	OI	IV	Δ	Γ	Θ
170.75	178.85		51		0.99	0.0002	-0.005	175	0	0.2500		98	93.0%	-0.01	0.0002	-0.025
166.10	173.70		327	84.3%	0.99	0.0002	-0.006	180	0	4.30		120	137.3%	-0.01	0.0002	-0.027
161.00	168.85		61	81.4%	0.99	0.0002	-0.008	185	0	1.68		168	111.4%	-0.01	0.0002	-0.028
156.15	163.75		127	78.6%	0.99	0.0002	-0.010	190	0	1.00		538	98.9%	-0.01	0.0002	-0.029
151.30	159.15		115	89.8%	0.99	0.0003	-0.013	195	0	0.5200	14	48	86.9%	-0.01	0.0003	-0.031
146.55	153.40	1	261	70.6%	0.99	0.0003	-0.015	200	0	0.5400	2	418	83.9%	-0.01	0.0003	-0.033
136.05	144.40		323	77.1%	0.99	0.0004	-0.021	210	0	2.14		109	95.6%	-0.01	0.0004	-0.037
126.05	134.40		611	69.2%	0.99	0.0005	-0.028	220	0	1.41		150	81.9%	-0.01	0.0005	-0.043
117.05	123.50		589	63.5%	0.98	0.0006	-0.036	230	0.0500	1.44		1,218	75.7%	-0.02	0.0006	-0.051
107.00	113.85		378	60.9%	0.98	0.0008	-0.048	240	0.5000	1.77		370	74.6%	-0.02	0.0008	-0.062
97.35	104.00		250	59.4%	0.97	0.0011	-0.064	250	0.7500	0.9600	30	663	64.2%	-0.03	0.0011	-0.076
88.10	94.50		177	61.1%	0.95	0.0015	-0.085	260	1.00	1.99	2	413	64.8%	-0.05	0.0015	-0.096
78.45	85.10		294	58.6%	0.94	0.0020	-0.112	270	1.04	3.20	2	471	63.0%	-0.06	0.0020	-0.122
69.75	75.95		114	59.1%	0.91	0.0026	-0.145	280	2.51	3.20	63	747	60.6%	-0.09	0.0026	-0.154
62.55	67.20	1	159	61.9%	0.88	0.0033	-0.182	290	3.65	4.40	76	599	59.3%	-0.12	0.0033	-0.190
52.80	59.30		189	58.6%	0.84	0.0041	-0.221	300	5.00	5.75	42	1,769	57.2%	-0.16	0.0041	-0.228
48.30	55.30			57.2%	0.82	0.0045	-0.240	305	6.00	7.50	5		58.3%	-0.19	0.0045	-0.247
45.45	51.30	7	624	58.3%	0.79	0.0048	-0.259	310	7.15	8.40	23	1,016	57.5%	-0.21	0.0049	-0.266
40.80	47.80			56.8%	0.76	0.0052	-0.277	315	7.00	12.45	1		59.2%	-0.24	0.0053	-0.283
38.45	43.70	7	1,148	57.4%	0.73	0.0056	-0.293	320	10.00	10.90	1,025	1,034	56.7%	-0.27	0.0056	-0.299
35.20	40.65			57.7%	0.70	0.0059	-0.308	325	10.25	13.55			56.0%	-0.30	0.0060	-0.314
32.30	38.80			55.5%	0.69	0.0061	-0.315	327.5	10.95	16.85			58.9%	-0.31	0.0061	-0.320
32.05	36.15	25	308	55.8%	0.67	0.0062	-0.321	330	12.80	14.25	44	1,187	55.3%	-0.33	0.0063	-0.326
30.55	35.95			57.5%	0.66	0.0064	-0.327	332.5	12.75	19.00			58.9%	-0.35	0.0064	-0.332
29.10	33.75	23		56.5%	0.64	0.0065	-0.332	335	15.15	16.55	1		56.1%	-0.36	0.0065	-0.336
27.30	33.25			57.1%	0.62	0.0066	-0.336	337.5	15.30	19.35	5		57.1%	-0.38	0.0067	-0.341
27.40	29.45	6	466	55.9%	0.61	0.0067	-0.340	340	16.20	19.65	31	958	55.7%	-0.40	0.0068	-0.344
24.35	29.15			55.0%	0.59	0.0068	-0.343	342.5	16.75	20.05			54.0%	-0.41	0.0069	-0.347
23.10	29.30			56.8%	0.57	0.0069	-0.345	345	17.80	23.90			57.0%	-0.43	0.0069	-0.349
21.80	26.20	9		54.5%	0.55	0.0069	-0.347	347.5	19.00	25.10	1		56.9%	-0.45	0.0070	-0.351
20.20	23.90	123	826	52.7%	0.54	0.0070	-0.348	350	20.95	23.35	74	2,153	55.3%	-0.47	0.0071	-0.352
20.25	22.45	26		53.8%	0.52	0.0070	-0.349	352.5	21.70	27.45	3		56.6%	-0.48	0.0071	-0.352
19.95	20.60	11		53.8%	0.50	0.0070	-0.349	355	24.40	26.45	8		55.1%	-0.50	0.0071	-0.352
18.95	21.95	12		56.8%	0.48	0.0071	-0.348	357.5	25.75	29.05	3		56.8%	-0.52	0.0071	-0.351
16.80	19.05	256	490	53.2%	0.47	0.0070	-0.346	360	26.75	28.95	244	1,271	54.1%	-0.54	0.0071	-0.349
15.20	19.65	6		54.4%	0.45	0.0070	-0.344	362.5	27.55	31.20			54.1%	-0.55	0.0071	-0.347
14.05	17.85			53.1%	0.43	0.0070	-0.341	365	28.85	33.85			55.1%	-0.57	0.0071	-0.344
13.50	16.80			53.3%	0.42	0.0070	-0.338	367.5	30.25	34.95			54.3%	-0.59	0.0070	-0.341
13.70	15.45	8	852	54.0%	0.40	0.0069	-0.334	370	32.30	36.70	2	993	54.9%	-0.61	0.0070	-0.337
11.95	17.05			55.9%	0.38	0.0068	-0.330	372.5	33.70	39.60			56.1%	-0.62	0.0069	-0.333
11.70	14.25	3		54.1%	0.37	0.0067	-0.325	375	35.30	40.45			54.9%	-0.64	0.0068	-0.328
10.55	11.70	51	1,186	53.0%	0.34	0.0065	-0.314	380	38.85	44.10		1,440	55.1%	-0.67	0.0067	-0.316
8.90	13.35	1		56.6%	0.31	0.0063	-0.301	385	42.50	48.35			55.9%	-0.70	0.0064	-0.303
8.05	9.30	43	367	53.2%	0.28	0.0060	-0.287	390	46.05	51.15	5	619	54.1%	-0.73	0.0062	-0.289
6.60	10.25	1		55.6%	0.25	0.0058	-0.272	395	49.65	55.75			54.6%	-0.76	0.0059	-0.274
6.15	6.85	257	2,115	52.7%	0.23	0.0054	-0.257	400	53.60	59.30	11	380	53.7%	-0.78	0.0056	-0.258
4.70	5.30	17	646	53.0%	0.18	0.0048	-0.225	410	62.20	67.70	2	98	54.0%	-0.83	0.0050	-0.226
3.60	4.45	39	726	54.2%	0.15	0.0041	-0.195	420	70.90	77.30		147	55.6%	-0.86	0.0043	-0.196
2.74	3.40	17	1,204	54.4%	0.12	0.0035	-0.168	430	79.95	86.05		356	55.0%	-0.90	0.0037	-0.169
2.01	2.75	107	1,231	55.0%	0.10	0.0030	-0.145	440	89.05	95.70		81	55.7%	-0.92	0.0032	-0.145
1.70	2.00	188	4,014	55.6%	0.08	0.0025	-0.126	450	99.15	105.20		91	58.3%	-0.94	0.0027	-0.127
1.20	2.38	7	666	58.8%	0.06	0.0021	-0.110	460	108.85	114.90		74	59.8%	-0.95	0.0024	-0.112
0.7900	1.69		674	57.8%	0.05	0.0018	-0.097	470	117.75	124.65		5	55.7%	-0.96	0.0021	-0.098
0.5200	1.35	3	426	58.0%	0.04	0.0015	-0.086	480	127.65	134.95		11	61.9%	-0.97	0.0018	-0.083
0.2500	1.56	6	680	60.7%	0.04	0.0013	-0.077	490	137.10	145.00		3	58.5%	-0.98	0.0015	-0.075
0.2000	0.8900	3	1,427	58.6%	0.03	0.0011	-0.069	500	147.05	155.15		73	62.7%	-0.99	0.0012	-0.066
0.0600	0.8500	201	720	59.7%	0.03	0.0010	-0.062	510	157.25	165.15		4	68.0%	-0.99	0.0010	-0.054
0.0100	1.08	1	343	63.9%	0.02	0.0009	-0.056	520	167.25	175.15			70.8%	-0.99	0.0007	-0.052

Strikes shown: within ±50% of the underlying price. Intrinsic value = max(0, price − strike) for calls, max(0, strike − price) for puts; extrinsic = option price − intrinsic. Greeks and IV as computed by the exchange feed.

Volatility smile — Nov 20, 2026

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Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.

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PANW option chain Palo Alto Networks, Inc.

Volatility smile — Nov 20, 2026

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