PANW option chain Palo Alto Networks, Inc.
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 ±48.3% (179.87–515.82) · ATM IV 55.2% · P/C open interest 0.78
| 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 | |
| 190.50 | 198.00 | 58 | 59.6% | 0.93 | 0.0006 | -0.010 | 175 | 8.30 | 10.65 | 158 | 58.2% | -0.07 | 0.0006 | -0.033 | ||
| 187.25 | 194.50 | 137 | 60.1% | 0.93 | 0.0006 | -0.013 | 180 | 9.20 | 11.55 | 78 | 58.0% | -0.08 | 0.0006 | -0.035 | ||
| 183.70 | 190.85 | 2,345 | 60.0% | 0.92 | 0.0007 | -0.015 | 185 | 10.10 | 12.65 | 284 | 57.9% | -0.08 | 0.0007 | -0.037 | ||
| 179.85 | 187.00 | 606 | 59.5% | 0.92 | 0.0007 | -0.017 | 190 | 11.20 | 12.70 | 53 | 57.0% | -0.09 | 0.0007 | -0.039 | ||
| 175.50 | 183.00 | 131 | 58.5% | 0.91 | 0.0007 | -0.020 | 195 | 12.05 | 14.85 | 112 | 57.5% | -0.10 | 0.0008 | -0.041 | ||
| 173.00 | 178.90 | 368 | 58.7% | 0.90 | 0.0008 | -0.022 | 200 | 13.10 | 16.05 | 1,131 | 57.4% | -0.10 | 0.0008 | -0.043 | ||
| 165.80 | 172.00 | 609 | 58.3% | 0.89 | 0.0009 | -0.027 | 210 | 15.50 | 18.50 | 257 | 57.1% | -0.12 | 0.0009 | -0.046 | ||
| 159.00 | 164.25 | 333 | 57.4% | 0.88 | 0.0009 | -0.031 | 220 | 18.00 | 21.20 | 265 | 56.8% | -0.13 | 0.0010 | -0.050 | ||
| 152.35 | 158.40 | 2 | 857 | 57.5% | 0.86 | 0.0010 | -0.036 | 230 | 21.35 | 24.20 | 560 | 56.9% | -0.15 | 0.0011 | -0.054 | |
| 146.00 | 152.00 | 1,718 | 57.2% | 0.84 | 0.0011 | -0.040 | 240 | 24.45 | 26.35 | 17 | 441 | 56.1% | -0.16 | 0.0012 | -0.058 | |
| 139.30 | 146.00 | 471 | 56.7% | 0.83 | 0.0012 | -0.044 | 250 | 27.65 | 29.50 | 144 | 55.8% | -0.18 | 0.0012 | -0.061 | ||
| 133.60 | 139.95 | 1 | 992 | 56.5% | 0.81 | 0.0012 | -0.049 | 260 | 31.10 | 33.15 | 1 | 1,137 | 55.6% | -0.20 | 0.0013 | -0.065 |
| 128.00 | 135.00 | 211 | 56.7% | 0.80 | 0.0013 | -0.052 | 270 | 35.95 | 36.95 | 458 | 55.8% | -0.21 | 0.0014 | -0.068 | ||
| 122.40 | 128.95 | 404 | 56.3% | 0.78 | 0.0014 | -0.056 | 280 | 40.00 | 40.90 | 50 | 94 | 55.6% | -0.23 | 0.0015 | -0.071 | |
| 117.50 | 123.40 | 184 | 56.1% | 0.76 | 0.0014 | -0.060 | 290 | 44.25 | 45.05 | 95 | 68 | 55.4% | -0.25 | 0.0015 | -0.074 | |
| 112.40 | 117.00 | 16 | 364 | 55.5% | 0.75 | 0.0015 | -0.063 | 300 | 48.85 | 49.85 | 1,125 | 55.5% | -0.27 | 0.0016 | -0.076 | |
| 107.95 | 113.85 | 891 | 56.1% | 0.73 | 0.0015 | -0.066 | 310 | 53.65 | 54.40 | 50 | 62 | 55.3% | -0.29 | 0.0017 | -0.079 | |
| 103.50 | 109.40 | 321 | 56.2% | 0.71 | 0.0016 | -0.069 | 320 | 58.10 | 59.95 | 1,556 | 55.3% | -0.31 | 0.0017 | -0.081 | ||
| 98.90 | 104.60 | 3 | 889 | 55.9% | 0.69 | 0.0016 | -0.071 | 330 | 63.05 | 65.20 | 123 | 55.2% | -0.32 | 0.0018 | -0.083 | |
| 94.70 | 98.65 | 3 | 77 | 55.2% | 0.68 | 0.0017 | -0.073 | 340 | 68.35 | 71.95 | 81 | 55.5% | -0.34 | 0.0018 | -0.085 | |
| 91.40 | 94.80 | 7 | 145 | 55.5% | 0.66 | 0.0017 | -0.075 | 350 | 73.75 | 76.00 | 1,145 | 54.9% | -0.36 | 0.0019 | -0.086 | |
| 87.20 | 91.00 | 1 | 386 | 55.4% | 0.64 | 0.0017 | -0.077 | 360 | 79.60 | 83.15 | 27 | 55.3% | -0.38 | 0.0019 | -0.088 | |
| 82.95 | 90.00 | 1,394 | 56.1% | 0.63 | 0.0018 | -0.079 | 370 | 86.20 | 87.65 | 1 | 66 | 55.0% | -0.40 | 0.0020 | -0.089 | |
| 79.90 | 86.00 | 135 | 56.0% | 0.61 | 0.0018 | -0.081 | 380 | 89.30 | 95.65 | 84 | 54.5% | -0.42 | 0.0020 | -0.090 | ||
| 76.55 | 82.50 | 149 | 56.0% | 0.59 | 0.0018 | -0.082 | 390 | 96.00 | 102.30 | 72 | 54.8% | -0.44 | 0.0020 | -0.091 | ||
| 73.40 | 76.90 | 2 | 1,060 | 55.2% | 0.58 | 0.0018 | -0.083 | 400 | 102.50 | 106.85 | 51 | 54.1% | -0.46 | 0.0021 | -0.091 | |
| 70.30 | 75.95 | 1 | 427 | 55.9% | 0.56 | 0.0018 | -0.084 | 410 | 109.20 | 113.85 | 50 | 54.2% | -0.47 | 0.0021 | -0.092 | |
| 67.40 | 71.85 | 19 | 176 | 55.5% | 0.55 | 0.0019 | -0.085 | 420 | 117.35 | 120.50 | 83 | 54.5% | -0.49 | 0.0021 | -0.092 | |
| 64.60 | 71.00 | 1,159 | 56.1% | 0.53 | 0.0019 | -0.085 | 430 | 123.00 | 129.05 | 171 | 54.6% | -0.51 | 0.0022 | -0.092 | ||
| 61.85 | 62.75 | 1,362 | 54.3% | 0.52 | 0.0019 | -0.086 | 440 | 130.60 | 136.70 | 77 | 54.9% | -0.53 | 0.0022 | -0.092 | ||
| 59.25 | 62.85 | 256 | 55.1% | 0.50 | 0.0019 | -0.086 | 450 | 137.95 | 143.55 | 38 | 54.8% | -0.54 | 0.0022 | -0.092 | ||
| 56.75 | 61.75 | 138 | 55.6% | 0.49 | 0.0019 | -0.086 | 460 | 145.00 | 151.00 | 19 | 54.7% | -0.56 | 0.0022 | -0.092 | ||
| 53.95 | 59.75 | 281 | 55.5% | 0.47 | 0.0019 | -0.086 | 470 | 152.25 | 159.00 | 30 | 54.8% | -0.58 | 0.0022 | -0.092 | ||
| 52.05 | 58.00 | 184 | 55.8% | 0.46 | 0.0019 | -0.086 | 480 | 160.00 | 166.00 | 16 | 54.6% | -0.59 | 0.0022 | -0.092 | ||
| 50.15 | 56.00 | 163 | 56.0% | 0.45 | 0.0018 | -0.086 | 490 | 167.90 | 174.00 | 76 | 54.7% | -0.61 | 0.0022 | -0.091 | ||
| 48.00 | 50.20 | 4 | 1,248 | 54.7% | 0.43 | 0.0018 | -0.086 | 500 | 175.80 | 180.75 | 327 | 54.3% | -0.63 | 0.0022 | -0.090 | |
| 45.90 | 52.00 | 328 | 55.9% | 0.42 | 0.0018 | -0.085 | 510 | 183.00 | 190.00 | 13 | 54.5% | -0.64 | 0.0023 | -0.090 | ||
| 44.15 | 48.10 | 73 | 55.3% | 0.41 | 0.0018 | -0.085 | 520 | 191.70 | 198.00 | 59 | 54.7% | -0.66 | 0.0023 | -0.089 | ||
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 — Jan 21, 2028
Volatility page →Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.