Communication Services Large Cap Tech Reference Data Updated 2026-04-29

PARA Options

Paramount Global Options Chain, Implied Volatility & Greeks

PARA options trade with implied volatility typically in the 28% - 60% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 17.2 /100
IV 36.4%
Simulated data for display · open live PARA on the platform →

An IV rank near 17.2 (the value shown here is illustrative) would mean implied volatility is in roughly the 17.2th percentile of its 1-year range — low IV, premium-buying regime for long calls/puts and debit spreads. For today's live PARA IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 21.74%51.88%

Chart shows simulated data for display purposes. View the real PARA IV history on the live platform →

Comprehensive options market data for Paramount Global (PARA).

PARA Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 28% - 60%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
28% - 60%
Market Cap
$8B+
Weeklies
Yes

1 About Paramount Global (PARA)

Paramount Global is a media and entertainment company operating the Paramount+ streaming service, CBS, MTV, Nickelodeon, and Paramount Pictures film studio.

Company Profile

Sector Communication Services
Industry Entertainment
Market Cap $8B+
Exchange NASDAQ

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

Paramount Global operates in the Communication Services sector.

2 PARA Options Market Overview

PARA options provide good liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

PARA options are available for trading across multiple expirations.

3 PARA Volatility Profile

PARA implied volatility reflects growth expectations and competitive dynamics in the technology sector. IV expands around earnings and product announcements.

Low IV Environment
28% - 36%
Below average volatility
Typical IV Range
36% - 52%
Normal conditions
Elevated IV
52% - 60%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

Historical Volatility vs IV

PARA IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View PARA Volatility Lab

PARA Gamma Exposure (GEX)

Gamma Exposure analysis for PARA reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: PARA tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live PARA GEX

4 Common PARA Options Strategies

These are strategies commonly used by traders on PARA options, based on typical market characteristics. This is not investment advice.

Popular for PARA shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on PARA.

Range-bound strategy for PARA between events.

Key Considerations for PARA Options

  • PARA options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: PARA Options

What is PARA's typical implied volatility?

PARA implied volatility typically ranges from 28% - 60%.

Does PARA have weekly options?

PARA offers weekly options.

What is PARA's options trading profile?

PARA (Paramount Global) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 28% - 60% range. The position sits in the Communication Services category for portfolio diversification and options strategy design.

How does PARA implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on PARA?

Popular strategies on PARA options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 28% - 60% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-04-29. How we research →

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