PGY · Pagaya Technologies Ltd.

Track PGY — free Ask ALVIS about PGY

$16.61 -0.35 (-2.06%) At close · Jul 28

Market Cap

$1.41B

84.92M

Options Chain

15-min delayed Underlying $16.61 · at close Jul 28, 2026 Options Calculator

Positioning

Aug 21, 2026 · 23 days to expiry · 72 contracts

Put / call OI

1.26

Balanced positioning

Open interest

95,096

contracts outstanding

Volume

5,508

traded today

Max pain

$16.00

$0.61 below spot

ATM implied vol

98.6%

market's expected move

Open interest by strike · near the money

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 23d Sep 18 51d Nov 20 114d Jan 15 170d Feb 19 205d Jun 17 323d Jan 21 541d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
3	2	550.3%	0.997	$15.93		—	—	—	—	0
Call · $1 In the money Last $15.93 Breakeven $16.93 Implied vol 550.3% Delta 0.997 ≈100% ITM Gamma 0 Theta -0.005 Vega 0 Open interest 3 Model this call Put · $1 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	2	401.7%	0.995	$12.75		—	—	—	—	0
Call · $2 In the money Last $12.75 Breakeven $14.75 Implied vol 401.7% Delta 0.995 ≈100% ITM Gamma 0.001 Theta -0.005 Vega 0.001 Open interest 3 Model this call Put · $2 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1	2	320.8%	0.994	$11.75		—	—	—	—	0
Call · $3 In the money Last $11.75 Breakeven $14.75 Implied vol 320.8% Delta 0.994 ≈99% ITM Gamma 0.001 Theta -0.005 Vega 0.001 Open interest 1 Model this call Put · $3 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	2	265.2%	0.993	$8.83		—	—	—	—	0
Call · $4 In the money Last $8.83 Breakeven $12.83 Implied vol 265.2% Delta 0.993 ≈99% ITM Gamma 0.002 Theta -0.005 Vega 0.001 Open interest 0 Model this call Put · $4 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
25	5	222.8%	0.993	$10.27		$0.05	-0.018	273%	45	34
Call · $5 In the money Last $10.27 Breakeven $15.27 Implied vol 222.8% Delta 0.993 ≈99% ITM Gamma 0.002 Theta -0.005 Vega 0.001 Open interest 25 Model this call Put · $5 Last $0.05 Breakeven $4.95 Implied vol 273% Delta -0.018 ≈2% ITM Gamma 0.004 Theta -0.011 Vega 0.002 Open interest 34 Model this put
193	617	224.2%	0.982	$11.73		$0.10	-0.018	223.8%	3	345
Call · $6 In the money Last $11.73 Breakeven $17.73 Implied vol 224.2% Delta 0.982 ≈98% ITM Gamma 0.005 Theta -0.009 Vega 0.002 Open interest 193 Model this call Put · $6 Last $0.10 Breakeven $5.90 Implied vol 223.8% Delta -0.018 ≈2% ITM Gamma 0.005 Theta -0.009 Vega 0.002 Open interest 345 Model this put
13	5	—	—	$6.80		$0.10	-0.025	201.4%	1	8.1k
Call · $7 In the money Last $6.80 Breakeven $13.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 13 Model this call Put · $7 Last $0.10 Breakeven $6.90 Implied vol 201.4% Delta -0.025 ≈3% ITM Gamma 0.007 Theta -0.011 Vega 0.003 Open interest 8.1k Model this put
8	4	—	—	$5.80		$0.03	-0.029	173.4%	35	14.6k
Call · $8 In the money Last $5.80 Breakeven $13.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 8 Model this call Put · $8 Last $0.03 Breakeven $7.97 Implied vol 173.4% Delta -0.029 ≈3% ITM Gamma 0.009 Theta -0.01 Vega 0.003 Open interest 14.6k Model this put
459	1	155.1%	0.962	$7.80		$0.05	-0.034	149%	3	216
Call · $9 In the money Last $7.80 Breakeven $16.80 Implied vol 155.1% Delta 0.962 ≈96% ITM Gamma 0.013 Theta -0.012 Vega 0.003 Open interest 459 Model this call Put · $9 Last $0.05 Breakeven $8.95 Implied vol 149% Delta -0.034 ≈3% ITM Gamma 0.012 Theta -0.01 Vega 0.003 Open interest 216 Model this put
884	1	—	—	$6.90		$0.05	-0.062	149%	22	17.3k
Call · $10 In the money Last $6.90 Breakeven $16.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 884 Model this call Put · $10 Last $0.05 Breakeven $9.95 Implied vol 149% Delta -0.062 ≈6% ITM Gamma 0.019 Theta -0.016 Vega 0.006 Open interest 17.3k Model this put
141	67	128.4%	0.925	$5.10		$0.10	-0.047	107.6%	2	542
Call · $11 In the money Last $5.10 Breakeven $16.10 Implied vol 128.4% Delta 0.925 ≈92% ITM Gamma 0.026 Theta -0.017 Vega 0.006 Open interest 141 Model this call Put · $11 Last $0.10 Breakeven $10.90 Implied vol 107.6% Delta -0.047 ≈5% ITM Gamma 0.022 Theta -0.01 Vega 0.003 Open interest 542 Model this put
489	275	98.9%	0.924	$5.24		$0.23	-0.103	117%	21	884
Call · $12 In the money Last $5.24 Breakeven $17.24 Implied vol 98.9% Delta 0.924 ≈92% ITM Gamma 0.034 Theta -0.014 Vega 0.006 Open interest 489 Model this call Put · $12 Last $0.23 Breakeven $11.77 Implied vol 117% Delta -0.103 ≈10% ITM Gamma 0.037 Theta -0.019 Vega 0.009 Open interest 884 Model this put
641	3	97.9%	0.869	$3.30		$0.40	-0.139	102.1%	60	2.1k
Call · $13 In the money Last $3.30 Breakeven $16.30 Implied vol 97.9% Delta 0.869 ≈87% ITM Gamma 0.052 Theta -0.02 Vega 0.01 Open interest 641 Model this call Put · $13 Last $0.40 Breakeven $12.60 Implied vol 102.1% Delta -0.139 ≈14% ITM Gamma 0.052 Theta -0.02 Vega 0.01 Open interest 2.1k Model this put
519	7	108.7%	0.778	$3.60		$0.65	-0.221	108.1%	29	940
Call · $14 In the money Last $3.60 Breakeven $17.60 Implied vol 108.7% Delta 0.778 ≈78% ITM Gamma 0.065 Theta -0.03 Vega 0.013 Open interest 519 Model this call Put · $14 Last $0.65 Breakeven $13.35 Implied vol 108.1% Delta -0.221 ≈22% ITM Gamma 0.066 Theta -0.029 Vega 0.013 Open interest 940 Model this put
972	5	94.8%	0.711	$2.46		$1.00	-0.3	105.3%	51	3.6k
Call · $15 In the money Last $2.46 Breakeven $17.46 Implied vol 94.8% Delta 0.711 ≈71% ITM Gamma 0.087 Theta -0.03 Vega 0.014 Open interest 972 Model this call Put · $15 Last $1.00 Breakeven $14.00 Implied vol 105.3% Delta -0.3 ≈30% ITM Gamma 0.08 Theta -0.033 Vega 0.014 Open interest 3.6k Model this put
834	8	95.2%	0.612	$1.90		$1.38	-0.39	108.8%	57	778
Call · $16 In the money Last $1.90 Breakeven $17.90 Implied vol 95.2% Delta 0.612 ≈61% ITM Gamma 0.096 Theta -0.034 Vega 0.016 Open interest 834 Model this call Put · $16 Last $1.38 Breakeven $14.62 Implied vol 108.8% Delta -0.39 ≈39% ITM Gamma 0.084 Theta -0.037 Vega 0.016 Open interest 778 Model this put
Underlying $16.61
1.3k	31	98%	0.517	$1.45		$2.20	-0.483	99.2%	4	604
Call · $17 Last $1.45 Breakeven $18.45 Implied vol 98% Delta 0.517 ≈52% ITM Gamma 0.098 Theta -0.036 Vega 0.017 Open interest 1.3k Model this call Put · $17 In the money Last $2.20 Breakeven $14.80 Implied vol 99.2% Delta -0.483 ≈48% ITM Gamma 0.097 Theta -0.035 Vega 0.017 Open interest 604 Model this put
4k	15	112.8%	0.448	$1.07		$2.47	-0.569	102.6%	2	294
Call · $18 Last $1.07 Breakeven $19.07 Implied vol 112.8% Delta 0.448 ≈45% ITM Gamma 0.084 Theta -0.041 Vega 0.017 Open interest 4k Model this call Put · $18 In the money Last $2.47 Breakeven $15.53 Implied vol 102.6% Delta -0.569 ≈57% ITM Gamma 0.093 Theta -0.036 Vega 0.017 Open interest 294 Model this put
914	7	92.2%	0.328	$0.81		$3.16	-0.646	103.3%	1	1.5k
Call · $19 Last $0.81 Breakeven $19.81 Implied vol 92.2% Delta 0.328 ≈33% ITM Gamma 0.093 Theta -0.03 Vega 0.016 Open interest 914 Model this call Put · $19 In the money Last $3.16 Breakeven $15.84 Implied vol 103.3% Delta -0.646 ≈65% ITM Gamma 0.087 Theta -0.034 Vega 0.016 Open interest 1.5k Model this put
8.1k	3.7k	92.2%	0.251	$0.58		$4.00	-0.735	98.2%	3	463
Call · $20 Last $0.58 Breakeven $20.58 Implied vol 92.2% Delta 0.251 ≈25% ITM Gamma 0.083 Theta -0.027 Vega 0.012 Open interest 8.1k Model this call Put · $20 In the money Last $4.00 Breakeven $16.00 Implied vol 98.2% Delta -0.735 ≈74% ITM Gamma 0.082 Theta -0.028 Vega 0.012 Open interest 463 Model this put
3.4k	84	90.5%	0.184	$0.40		$4.40	-0.792	98.4%	10	322
Call · $21 Last $0.40 Breakeven $21.40 Implied vol 90.5% Delta 0.184 ≈18% ITM Gamma 0.07 Theta -0.022 Vega 0.013 Open interest 3.4k Model this call Put · $21 In the money Last $4.40 Breakeven $16.60 Implied vol 98.4% Delta -0.792 ≈79% ITM Gamma 0.071 Theta -0.024 Vega 0.012 Open interest 322 Model this put
775	13	91.6%	0.139	$0.27		$5.88	-0.795	114.2%	2	77
Call · $22 Last $0.27 Breakeven $22.27 Implied vol 91.6% Delta 0.139 ≈14% ITM Gamma 0.058 Theta -0.018 Vega 0.009 Open interest 775 Model this call Put · $22 In the money Last $5.88 Breakeven $16.12 Implied vol 114.2% Delta -0.795 ≈80% ITM Gamma 0.06 Theta -0.028 Vega 0.013 Open interest 77 Model this put
338	6	92.4%	0.102	$0.16		$6.75	-0.86	106.4%	5	11
Call · $23 Last $0.16 Breakeven $23.16 Implied vol 92.4% Delta 0.102 ≈10% ITM Gamma 0.046 Theta -0.015 Vega 0.009 Open interest 338 Model this call Put · $23 In the money Last $6.75 Breakeven $16.25 Implied vol 106.4% Delta -0.86 ≈86% ITM Gamma 0.051 Theta -0.02 Vega 0.009 Open interest 11 Model this put
13.3k	16	109.9%	0.12	$0.15		$7.52	-0.921	97.3%	2	3
Call · $24 Last $0.15 Breakeven $24.15 Implied vol 109.9% Delta 0.12 ≈12% ITM Gamma 0.043 Theta -0.02 Vega 0.009 Open interest 13.3k Model this call Put · $24 In the money Last $7.52 Breakeven $16.48 Implied vol 97.3% Delta -0.921 ≈92% ITM Gamma 0.039 Theta -0.012 Vega 0.005 Open interest 3 Model this put
2.4k	29	91.7%	0.049	$0.05		$7.10	—	—	200	300
Call · $25 Last $0.05 Breakeven $25.05 Implied vol 91.7% Delta 0.049 ≈5% ITM Gamma 0.026 Theta -0.008 Vega 0.005 Open interest 2.4k Model this call Put · $25 In the money Last $7.10 Breakeven $17.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 300 Model this put
83	2	103.5%	0.058	$0.15		$12.15	—	—	1	3
Call · $26 Last $0.15 Breakeven $26.15 Implied vol 103.5% Delta 0.058 ≈6% ITM Gamma 0.026 Theta -0.011 Vega 0.005 Open interest 83 Model this call Put · $26 In the money Last $12.15 Breakeven $13.85 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this put
1.2k	2	105.8%	0.044	$0.09		$12.90	-0.885	140.4%	5	5
Call · $27 Last $0.09 Breakeven $27.09 Implied vol 105.8% Delta 0.044 ≈4% ITM Gamma 0.021 Theta -0.009 Vega 0.006 Open interest 1.2k Model this call Put · $27 In the money Last $12.90 Breakeven $14.10 Implied vol 140.4% Delta -0.885 ≈89% ITM Gamma 0.034 Theta -0.023 Vega 0.009 Open interest 5 Model this put
426	16	240.9%	0.294	$0.07		$12.10	-0.985	98%	6	0
Call · $28 Last $0.07 Breakeven $28.07 Implied vol 240.9% Delta 0.294 ≈29% ITM Gamma 0.034 Theta -0.075 Vega 0.014 Open interest 426 Model this call Put · $28 In the money Last $12.10 Breakeven $15.90 Implied vol 98% Delta -0.985 ≈98% ITM Gamma 0.015 Theta -0.003 Vega 0.002 Open interest 0 Model this put
39	1	165.4%	0.133	$0.22		$12.69	-0.858	171.3%	2	0
Call · $29 Last $0.22 Breakeven $29.22 Implied vol 165.4% Delta 0.133 ≈13% ITM Gamma 0.031 Theta -0.032 Vega 0.01 Open interest 39 Model this call Put · $29 In the money Last $12.69 Breakeven $16.31 Implied vol 171.3% Delta -0.858 ≈86% ITM Gamma 0.032 Theta -0.033 Vega 0.01 Open interest 0 Model this put
609	23	142.6%	0.073	$0.05		$18.98	-0.861	178.3%	10	0
Call · $30 Last $0.05 Breakeven $30.05 Implied vol 142.6% Delta 0.073 ≈7% ITM Gamma 0.023 Theta -0.018 Vega 0.006 Open interest 609 Model this call Put · $30 In the money Last $18.98 Breakeven $11.02 Implied vol 178.3% Delta -0.861 ≈86% ITM Gamma 0.03 Theta -0.033 Vega 0.01 Open interest 0 Model this put
41	2	176.6%	0.12	$0.14		—	-0.986	114.7%	—	0
Call · $31 Last $0.14 Breakeven $31.14 Implied vol 176.6% Delta 0.12 ≈12% ITM Gamma 0.027 Theta -0.032 Vega 0.01 Open interest 41 Model this call Put · $31 In the money Last — Breakeven — Implied vol 114.7% Delta -0.986 ≈99% ITM Gamma 0.011 Theta -0.003 Vega 0.002 Open interest 0 Model this put
18	2	145.6%	0.054	$0.27		—	-0.942	150%	—	0
Call · $32 Last $0.27 Breakeven $32.27 Implied vol 145.6% Delta 0.054 ≈5% ITM Gamma 0.018 Theta -0.014 Vega 0.006 Open interest 18 Model this call Put · $32 In the money Last — Breakeven — Implied vol 150% Delta -0.942 ≈94% ITM Gamma 0.02 Theta -0.014 Vega 0.006 Open interest 0 Model this put
68	2	163.6%	0.074	$0.33		$21.30	-0.944	155.6%	1	0
Call · $33 Last $0.33 Breakeven $33.33 Implied vol 163.6% Delta 0.074 ≈7% ITM Gamma 0.02 Theta -0.021 Vega 0.006 Open interest 68 Model this call Put · $33 In the money Last $21.30 Breakeven $11.70 Implied vol 155.6% Delta -0.944 ≈94% ITM Gamma 0.019 Theta -0.014 Vega 0.006 Open interest 0 Model this put
1	1	150.4%	0.043	$0.41		$20.17	-0.945	161.1%	4	0
Call · $34 Last $0.41 Breakeven $34.41 Implied vol 150.4% Delta 0.043 ≈4% ITM Gamma 0.015 Theta -0.013 Vega 0.003 Open interest 1 Model this call Put · $34 In the money Last $20.17 Breakeven $13.83 Implied vol 161.1% Delta -0.945 ≈95% ITM Gamma 0.018 Theta -0.014 Vega 0.006 Open interest 0 Model this put
29	1	154.8%	0.042	$0.36		—	-0.946	166.4%	—	0
Call · $35 Last $0.36 Breakeven $35.36 Implied vol 154.8% Delta 0.042 ≈4% ITM Gamma 0.014 Theta -0.013 Vega 0.003 Open interest 29 Model this call Put · $35 In the money Last — Breakeven — Implied vol 166.4% Delta -0.946 ≈95% ITM Gamma 0.017 Theta -0.015 Vega 0.006 Open interest 0 Model this put
14	2	159%	0.041	$0.20		—	-0.947	171.6%	—	0
Call · $36 Last $0.20 Breakeven $36.20 Implied vol 159% Delta 0.041 ≈4% ITM Gamma 0.013 Theta -0.013 Vega 0.003 Open interest 14 Model this call Put · $36 In the money Last — Breakeven — Implied vol 171.6% Delta -0.947 ≈95% ITM Gamma 0.016 Theta -0.015 Vega 0.006 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 36" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1883085 CUSIP M7S64L123 13F (30d) 38 filings 38 filers Visit website Investor relations