PANW Implied Volatility
PANW $391.50 · Updated Oct 26, 4:00 PM ET
PANW at-the-money implied volatility is 65.8% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 62.7%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 30, 2026 | 4 | 392.5 | 65.8% |
| Nov 6, 2026 | 11 | 392.5 | 58.5% |
| Nov 13, 2026 | 18 | 390 | 59.7% |
| Nov 20, 2026 | 25 | 390 | 62.9% |
| Nov 27, 2026 | 32 | 390 | 62.7% |
| Dec 4, 2026 | 39 | 390 | 61.9% |
| Dec 18, 2026 | 53 | 390 | 61.9% |
| Jan 15, 2027 | 81 | 390 | 58.8% |
| Mar 19, 2027 | 144 | 390 | 57.7% |
| Apr 16, 2027 | 172 | 390 | 56.9% |
SKEW, OCT 30, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 372.5 | 67.2% | 66.8% |
| 375 | 63.7% | 67.8% |
| 377.5 | 64.8% | 68.0% |
| 380 | 65.9% | 68.8% |
| 382.5 | 67.0% | 69.3% |
| 385 | 69.7% | 69.5% |
| 387.5 | 68.5% | 69.6% |
| 390 | 67.2% | 70.0% |
| 392.5 | 64.6% | 67.0% |
| 395 | 67.4% | 68.0% |
| 397.5 | 66.6% | 69.2% |
| 400 | 67.3% | 69.9% |
| 402.5 | 65.5% | 69.7% |
| 405 | 68.0% | 65.0% |
| 407.5 | 67.7% | 69.5% |
| 410 | 67.4% | 73.1% |
| 412.5 | 66.3% | 73.5% |
How this is calculated: Implied Volatility methodology