PG&E Corporation (PCG) Options Chain

The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.

PG&E Corporation (PCG) operates in the Utilities sector, specifically the Regulated Electric industry, with a market capitalization near $47.81B, listed on NYSE, employing roughly 29,010 people, carrying a beta of 0.28 to the broader market. PG&E Corporation operates as a holding company, overseeing the generation, transmission, and distribution of electricity and natural gas to its clientele. Led by Patricia Kessler Poppe, public since 1972-06-01.

Snapshot as of Aug 14, 2026.

Spot Price

$17.80

Total OI

1.9M

Total Volume

61.0K

Front Expiration

28 days

Second Expiration

35 days

ATM IV

52.8%

Avg Bid/Ask Spread

19.24%

As of Aug 14, 2026, PG&E Corporation (PCG) has 1.9M open contracts and 61.0K contracts traded. The nearest expiration is 28 days out, followed by 35 days. ATM implied volatility is 52.8%. Average bid/ask spread across the chain is 19.24%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How PCG options chain Data Feeds Strategy Selection

Strategy selection on PG&E Corporation options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 52.8% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the PCG chain depth

The listed-expirations table above shows every expiration available for PG&E Corporation options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. PCG front expiration sits at 28 days - the typical hedging horizon for monthly options. The backwardated slope of -0.024 means near-dated IV is pricing acute event risk.

PCG chain mechanics and execution

Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the PCG chain is 19.24% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.

Using the PCG chain to build structures

Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. PCG's current 15.14% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.

Learn how the options chain is reported and how to read the data →

PCG listed expirations

Per-expiration ATM implied volatility for PCG options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.

PCG most-active contracts

Top 8 contracts from the institutional-grade nightly options scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.

Frequently asked PCG options chain questions

What does the PCG options chain show right now?

As of Aug 14, 2026, PG&E Corporation (PCG) has 1.9M contracts outstanding and 61.0K traded today, with ATM IV of 52.8%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.

What expirations are available for PCG options?

The nearest expiration is 28 days out, followed by 35 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.

How tight are PCG options bid/ask spreads?

Average bid/ask spread across the chain is 19.24%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.