PANG
Leverage Shares 2X Long PANW DaClosed33.65−4.33 −11.40%USD
NasdaqGM · as of Oct 14, 16:00 ET · 15m delay
Open
34.77
Prev close
37.98
Day range
33.3635.32
52-week range
6.0545.20
Volume
44.57K1.00×
Div yield
3.37%
From 52w high
−25.55%
PANG market-implied price distribution
PANG Price at Expiry
24 OTM quotes · ATM IV 104.3%
Days to expiry
37
Fri, Nov 20, 2026
P(finish above spot)
40%
spot 33.65
Expected price
34.09
forward 34.05
68% range
21–47
−37.7% / +39.9%
Shaded band: the middle 68% of outcomes. Where the blue curve sits above the dashed one, options price that move as likelier than a plain bell curve would.
Target Price
Percentiles
| Chance below | Price | vs spot |
|---|---|---|
| 5% | 17.40 | −48.3% |
| 16% | 20.97 | −37.7% |
| 25% | 23.34 | −30.6% |
| 50% (median) | 30.17 | −10.3% |
| 75% | 40.52 | +20.4% |
| 84% | 47.07 | +39.9% |
| 95% | 64.31 | +91.1% |
Move Odds
| Up 5% or more (35.33) | 36% |
|---|---|
| Up 10% or more (37.02) | 32% |
| Down 5% or more (31.97) | 56% |
| Down 10% or more (30.29) | 50% |
Options price a 10%+ drop at 50%, 1.2× the 43% a bell curve with the same volatility gives.
Risk-neutral odds from option prices, the bot's lgf odds method: out-of-the-money mids → implied vols → a smoothed smile in total variance → density = erT·∂²C/∂K² (Breeden–Litzenberger). Risk-neutral odds include the market's risk premium, so they lean bearish compared with real-world odds. Not investment advice.