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
2026-08-21	29326	24853	54179	0.847
2026-08-28	4053	10061	14114	2.482
2026-09-04	3304	5683	8987	1.720
2026-09-11	669	2753	3422	4.115
2026-09-18	47149	51434	98583	1.091
2026-09-25	551	1001	1552	1.817
2026-10-02	45	69	114	1.533
2026-10-16	14807	11587	26394	0.783
2026-11-20	12091	5873	17964	0.486
2026-12-18	34432	28714	63146	0.834
2027-01-15	52809	61183	113992	1.159
2027-03-19	9947	10234	20181	1.029
2027-06-17	14932	15704	30636	1.052
2027-12-17	17364	12766	30130	0.735
2028-01-21	22218	15342	37560	0.691
2028-06-16	4901	4515	9416	0.921
2028-12-15	12139	6338	18477	0.522
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.