PAPA JOHNS INTERNATIONAL INC (PZZA) Open Interest
PAPA JOHNS INTERNATIONAL INC (PZZA) has 44,979 call contracts and 28,104 put contracts open across all listed expirations — a put/call open interest ratio of 0.62. Open interest counts the contracts currently outstanding at each strike. This page shows where PZZA positioning concentrates, which strikes act as walls, and how the totals have trended over the past year.
Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
PZZA Open Interest by Strike
PZZA open interest by strike, all expirations combined — calls in green, puts in red.
| Total call open interest | 44,979 |
| Total put open interest | 28,104 |
| Put/call OI ratio | 0.62 |
| Open interest rank (31 day) | 30 / 100 |
| Call wall (largest call OI) | $40 |
| Put wall (largest put OI) | $22.5 |
| Top volume strike | $27.5 |
| Volume / OI ratio | 0.10 |
PZZA Open Interest Trend
PZZA total call vs. put open interest, past year.
PZZA put/call open interest ratio, past year.
A put/call open interest ratio of 0.62 means meaningfully more calls than puts are outstanding — a call-heavy, typically bullish positioning profile. In total, 44,979 call contracts and 28,104 put contracts are open across all listed expirations. The put/call OI ratio has fallen from 0.86 in Feb '26 to 0.62 today.
Explore the payoff profile of option on PZZA for free
Build multi-leg PZZA strategies, visualize payoffs, and scan the full US options universe with OptiView.
PZZA Options FAQ
What is PZZA's put/call ratio?
PZZA's put/call open interest ratio is 0.62 as of Aug 24, 2026, with 28,104 put contracts and 44,979 call contracts outstanding.
Which PZZA strikes have the highest open interest?
As of Aug 24, 2026, the largest call open interest sits at $40 (the call wall) and the largest put open interest sits at $22.5 (the put wall). Strikes with heavy open interest often act as reference levels because a lot of hedging activity is anchored to them.
Is PZZA open interest unusually high right now?
PZZA's total open interest ranks 30 out of 100 versus the past 31 trading days as of Aug 24, 2026 — in the middle of its recent range.
Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.
Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.