PANW Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the PANW options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for PANW.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from PANW Options by Expiration Date

The table below aggregates PANW options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date	Call OI	Put OI	Total Open Interest	Put/Call Ratio
2026-03-27	12134	12369	24503	1.019
2026-04-02	4397	4690	9087	1.067
2026-04-10	1630	1847	3477	1.133
2026-04-17	31906	23002	54908	0.721
2026-04-24	1468	1117	2585	0.761
2026-05-01	239	302	541	1.264
2026-05-15	16037	18657	34694	1.163
2026-06-18	35663	40036	75699	1.123
2026-07-17	8605	10484	19089	1.218
2026-08-21	10172	10133	20305	0.996
2026-09-18	15158	23300	38458	1.537
2026-11-20	577	666	1243	1.154
2026-12-18	18781	20232	39013	1.077
2027-01-15	36382	45102	81484	1.240
2027-03-19	2208	1247	3455	0.565
2027-06-17	5387	5522	10909	1.025
2027-12-17	12539	7894	20433	0.630
2028-01-21	15601	9129	24730	0.585
2028-06-16	3819	2942	6761	0.770
2028-12-15	5724	1711	7435	0.299
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for PANW based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand. Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around PANW. Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk. The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in PANW options, while lower scores highlight more defensive or bearish structures.