3.44K calls and 662 puts traded on Nov 4, 2026, 4.1K contracts in total. Open interest was 66.66K contracts. Over the past 30 days, volume averaged 1.83K contracts per day. The PZZA option volume chart shows volume by strike and expiration date.

Papa John's International IV rank is 14, so its 30-day implied volatility of 65.0% is near the bottom of its one-year range. Over the past year it ranged from 40.5% on Aug 27, 2026 to 213.7% on Oct 16, 2026. See the PZZA implied volatility history for a longer view.

The Papa John's International put/call volume ratio was 0.19 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.31. The PZZA open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Papa John's International options about one week from expiration was $20.09, close to the $20.02 close. The PZZA max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 71.5%, options price a move of about ±$1.98 (±9.9%) over the next week, a range of roughly $18.04 to $22.00 from the Nov 4, 2026 close. The PZZA expected move chart shows it for every expiration date.