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
2026-02-06	17199	12019	29218	0.699
2026-02-13	7999	4383	12382	0.548
2026-02-20	38260	32264	70524	0.843
2026-02-27	1929	2601	4530	1.348
2026-03-06	954	1996	2950	2.092
2026-03-13	399	310	709	0.777
2026-03-20	28346	30331	58677	1.070
2026-03-27	49	32	81	0.653
2026-04-17	14710	11426	26136	0.777
2026-05-15	9452	8179	17631	0.865
2026-06-18	25375	32822	58197	1.293
2026-07-17	6012	4546	10558	0.756
2026-08-21	2320	1965	4285	0.847
2026-09-18	10801	18547	29348	1.717
2026-12-18	15352	17046	32398	1.110
2027-01-15	31253	37435	68688	1.198
2027-06-17	3760	3776	7536	1.004
2027-12-17	10286	7878	18164	0.766
2028-01-21	9100	6336	15436	0.696
2028-06-16	3153	2330	5483	0.739
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.