Tour v505
PANW
PALO ALTO NETWORKS I
$387.01 +0.84%
$387.70 (+0.18%)🌙
as of 08/12 06:55 PM
(8/11 19:01) ◀
|
Wednesday, August 12, 2026 (6:55pm)
January 2026
|
▶ (8/13 18:55)
◀ 8/12 18:55 ▶

Option Volume

Detail
ℹ
Current (08/12) 29,353
Calls: 17,980 (61%)
Puts: 11,373 (39%)
Prior (08/11) 26,987
Calls: 13,742 (51%)
Puts: 13,245 (49%)
Current vs Prior +8.77%
Calls: +30.84% (Calls)
Puts: -14.13% (Puts)
Prior 7-Day Total 246,784
Calls: 114,777 (47%)
Puts: 132,007 (53%)
Prior 7-Day Average 35,254
Calls: 16,396 (47%)
Puts: 18,858 (53%)
Current vs Prior 7-Day Avg -16.74%
Calls: +9.66%
Puts: -39.69%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/12) $126.84M
Calls: $107.04M (84%)
Puts: $19.80M (16%)
Prior (08/11) $120.95M
Calls: $103.86M (86%)
Puts: $17.09M (14%)
Current vs Prior +4.87%
Calls: +3.06%
Puts: +15.85%
Prior 7-Day Total $478.05M
Calls: $396.03M (83%)
Puts: $82.02M (17%)
Prior 7-Day Average $68.29M
Calls: $56.58M (83%)
Puts: $11.72M (17%)
Current vs Prior 7-Day Avg +85.73%
Calls: +89.20%
Puts: +68.94%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/12) 0.63
Prior (08/11) 0.96
Current vs Prior -34.37%
Prior 7-Day Average 1.21
Current vs Prior 7-Day Avg -47.77%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/12) 230,234
Calls: 133,854 (58%)
Puts: 96,380 (42%)
Prior (08/11) 257,241
Calls: 142,367 (55%)
Puts: 114,874 (45%)
Current vs Prior -10.50%
Prior 7-Day Total 1,701,217
Calls: 909,340 (53%)
Puts: 791,877 (47%)
Prior 7-Day Average 243,031
Calls: 129,905 (53%)
Puts: 113,125 (47%)
Current vs Prior 7-Day Avg -5.27%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 3.64% | 6.64%6.64% | 16.46%
Prior 4.38% | 7.13%7.13% | 16.86%
Current vs Prior -16.77% | -6.78%-6.78% | -2.36%
Prior 7-Day Avg 4.78% | 7.74%9.02% | 18.26%
Current vs 7-Day Avg -23.80% | -14.22%-26.38% | -9.86%
Prior 7-Day Eod 4.38% | 7.13%7.13% | 16.86%
Current vs 7-Day Eod -16.77% | -6.78%-6.78% | -2.36%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 14.12% | 13.55%
Calls: 9.39% | 9.89%
Puts: 18.85% | 17.22%
Prior 14.12% | 13.55%
Calls: 9.39% | 9.89%
Puts: 18.85% | 17.22%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 14.12% | 13.55%
Calls: 9.39% | 9.89%
Puts: 18.85% | 17.22%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 84% of dollar volume in calls ($107.04M) vs puts ($19.80M). Dollar volume significantly above 7-day average (86% higher). Bullish P/C ratio of 0.63. P/C ratio dropping 34% - sentiment shifting bullish.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 21 of results (avg 8.5%, best 6.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$345.00Aug 2143.0045.80$44.406.3%110.9293
$315.00Sep 2577.4082.95$80.186.9%60.86--
$330.00Aug 2154.8059.00$56.907.4%140.941.1K
$325.00Aug 2861.8566.65$64.257.5%70.94--
$320.00Sep 2573.1078.85$75.977.6%20.86--
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 105 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$315.00Aug 1468.7075.95$72.3310.0%11.00--
$320.00Aug 1463.5069.90$66.709.6%51.0067
$330.00Aug 1453.5561.30$57.4313.5%21.0049
$335.00Aug 1448.7556.20$52.4814.2%11.00--
$340.00Aug 1444.0550.00$47.0312.7%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$430.00Aug 2141.3547.95$44.6514.8%20.9014
$407.50Aug 1418.5525.05$21.8029.8%20.89--
$425.00Aug 2136.9043.45$40.1716.3%170.873
$397.50Aug 1411.4014.50$12.9523.9%20.73--
$405.00Aug 2121.4025.05$23.2315.7%30.71--

Most actively traded options today. High liquidity = easy entry/exit. 322 active (total vol 14.8K, top 1.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$405.00Aug 215.155.80$5.4811.9%1.2K0.29131
$450.00Sep 189.7510.55$10.157.9%3720.253.5K
$400.00Aug 141.772.07$1.9215.6%3590.211.7K
$380.00Sep 1832.0035.85$33.9211.4%3150.583.5K
$400.00Aug 216.757.40$7.089.2%3090.351.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Sep 1839.2543.80$41.5311.0%7800.5812
$360.00Aug 140.200.81$0.51119.6%4680.06303
$325.00Aug 210.300.84$0.5794.7%2660.04228
$365.00Sep 412.3515.40$13.8822.0%2420.3225
$375.00Sep 416.3020.85$18.5824.5%2290.3910

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 11.7%, max 17.7%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$377.50Aug 14Aug 2156.5%48.0%17.7%76291
$372.50Aug 14Aug 2154.8%48.3%13.6%6080
$382.50Aug 14Aug 2855.4%49.8%11.3%97217
$387.50Aug 14Aug 2155.9%51.2%9.0%97189
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$377.50Aug 14Aug 2856.5%50.2%12.6%10958
$382.50Aug 14Aug 2855.4%49.8%11.3%8995
$372.50Aug 14Aug 2854.8%50.2%9.1%2542
$387.50Aug 14Aug 2155.9%51.2%9.0%2813

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 215 found (best R:R 2.76, avg 4.59)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$385.00$390.00Sep 4$1.33$3.67$1.3355%2.76$386.33
$342.50$345.00Aug 21$1.05$1.45$1.0593%1.38$343.55
$420.00$430.00Sep 18$2.22$7.78$2.2237%3.50$422.22
$405.00$415.00Sep 11$2.85$7.15$2.8543%2.51$407.85
$370.00$380.00Sep 18$5.00$5.00$5.0063%1.00$375.00
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$377.50$375.00Aug 21$0.45$2.05$0.4536%4.56$377.05
$385.00$382.50Aug 14$0.63$1.87$0.6344%2.97$384.37
$350.00$345.00Sep 4$0.80$4.20$0.8024%5.25$349.20
$365.00$355.00Sep 25$2.90$7.10$2.9035%2.45$362.10
$360.00$357.50Aug 21$0.13$2.37$0.1317%18.23$359.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 173 found (best R:R 1.94, avg 0.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$390.00$395.00Sep 25$3.23$3.23$1.7748%1.82$393.23
$400.00$405.00Sep 11$2.73$2.73$2.2754%1.20$402.73
$390.00$395.00Sep 4$2.92$2.92$2.0848%1.40$392.92
$430.00$440.00Sep 11$3.13$3.13$6.8769%0.46$433.13
$422.50$425.00Aug 14$0.34$0.34$2.1693%0.16$422.84
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$355.00$350.00Sep 25$3.30$3.30$1.7070%1.94$351.70
$350.00$340.00Sep 11$3.33$3.33$6.6775%0.50$346.67
$325.00$320.00Sep 25$1.86$1.86$3.1484%0.59$323.14
$370.00$365.00Sep 25$2.93$2.93$2.0762%1.42$367.07
$360.00$350.00Sep 18$3.65$3.65$6.3568%0.57$356.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $6.60, cheapest $5.33)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$380.00Aug 14Aug 21$5.8356.0%49.0%
$382.50Aug 14Aug 21$5.8755.4%48.8%
$387.50Aug 14Aug 21$5.9855.9%51.2%
$395.00Aug 14Aug 21$5.6555.7%51.1%
$390.00Aug 14Aug 21$6.0255.3%51.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$380.00Aug 14Aug 21$5.3356.0%49.0%
$382.50Aug 14Aug 21$5.5355.4%48.8%
$387.50Aug 14Aug 21$5.9855.9%51.2%
$390.00Aug 14Aug 21$5.6855.3%51.3%
$385.00Aug 14Aug 21$6.1051.4%48.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 66 found (cheapest 3.22% of stock, avg 9.70%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$385.00Aug 14$7.60$4.85$12.45$372.55$397.453.22%
$387.50Aug 14$5.95$6.50$12.45$375.05$399.953.22%
$390.00Aug 14$4.78$7.85$12.63$377.37$402.633.26%
$382.50Aug 14$8.68$4.22$12.90$369.60$395.403.33%
$392.50Aug 14$3.93$9.40$13.33$379.17$405.833.44%
$380.00Aug 14$10.27$3.37$13.64$366.36$393.643.52%
$377.50Aug 14$12.43$2.65$15.08$362.42$392.583.90%
$397.50Aug 14$2.65$12.95$15.60$381.90$413.104.03%
$375.00Aug 14$14.43$1.98$16.41$358.59$391.414.24%
$372.50Aug 14$16.40$1.38$17.78$354.72$390.284.59%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.20% of stock, avg 7.91%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$397.50$375.00Aug 14$2.65$1.98$4.63$370.37$402.13
$397.50$377.50Aug 14$2.65$2.65$5.30$372.20$402.80
$395.00$375.00Aug 14$3.05$1.98$5.03$369.97$400.03
$395.00$377.50Aug 14$3.05$2.65$5.70$371.80$400.70
$397.50$380.00Aug 14$2.65$3.37$6.02$373.98$403.52
$395.00$380.00Aug 14$3.05$3.37$6.42$373.58$401.42
$392.50$375.00Aug 14$3.93$1.98$5.91$369.09$398.41
$392.50$377.50Aug 14$3.93$2.65$6.58$370.92$399.08
$392.50$380.00Aug 14$3.93$3.37$7.30$372.70$399.80
$397.50$382.50Aug 14$2.65$4.22$6.87$375.63$404.37

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 268 found (best R:R 2.36, avg credit $1.59)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
320/325435/440Sep 25$3.51$1.4951%2.36$321.49$438.51
350/355430/435Sep 25$4.25$0.7536%5.67$350.75$434.25
340/350430/440Sep 11$6.46$3.5444%1.82$343.54$436.46
325/330435/440Sep 25$3.31$1.6949%1.96$326.69$438.31
350/360430/440Sep 11$6.63$3.3738%1.97$353.37$436.63
350/355425/430Sep 4$3.35$1.6542%2.03$351.65$428.35
340/345425/430Sep 4$3.07$1.9347%1.59$341.93$428.07
330/335435/440Sep 25$3.00$2.0047%1.50$332.00$438.00
325/328398/400Aug 14$1.06$1.4470%0.74$326.44$398.56
350/355430/435Sep 4$3.09$1.9144%1.62$351.91$433.09

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 137 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$400.00$410.00$420.00Sep 18$0.20$9.8010%49.00
$340.00$350.00$360.00Sep 18$0.33$9.6710%29.30
$440.00$450.00$460.00Aug 28$0.17$9.837%57.82
$370.00$375.00$380.00Aug 28$0.13$4.8710%37.46
$430.00$440.00$450.00Sep 18$0.32$9.688%30.25
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$350.00$360.00$370.00Sep 11$0.10$9.9011%99.00
$340.00$350.00$360.00Sep 11$0.17$9.8311%57.82
$360.00$370.00$380.00Sep 18$0.20$9.8011%49.00
$350.00$360.00$370.00Sep 18$0.20$9.8010%49.00
$380.00$390.00$400.00Sep 18$0.27$9.7311%36.04

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 117 found (best net $-21.56, 108 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$310.00$345.001:2Sep 4-$21.56$13.44
$340.00$360.001:2Aug 28-$17.08$2.92
$450.00$460.001:2Aug 28-$0.51$9.49
$450.00$460.001:2Aug 21-$0.11$9.89
$430.00$432.501:2Aug 14-$0.01$2.49
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$425.00$405.001:2Aug 21-$6.29$13.71
$407.50$397.501:2Aug 14-$4.10$5.90
$360.00$357.501:2Aug 14-$0.05$2.45
$342.50$340.001:2Aug 14$0.00$2.50
$322.50$320.001:2Aug 21-$0.07$2.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 77 found (best yield 6.10%, avg 2.49%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$400.00Sep 25$23.600.473.4%6.10%9.45%254
$390.00Sep 25$27.950.520.8%7.22%7.99%1310
$400.00Sep 18$22.850.473.4%5.90%9.26%160538
$405.00Sep 25$20.750.454.7%5.36%10.01%33
$395.00Sep 25$24.800.502.1%6.41%8.47%6--
$410.00Sep 25$18.900.435.9%4.88%10.82%303
$420.00Sep 25$16.000.388.5%4.13%12.66%2221
$415.00Sep 25$17.150.407.2%4.43%11.66%30--
$390.00Sep 18$26.550.530.8%6.86%7.63%277537
$410.00Sep 18$18.350.425.9%4.74%10.68%25477

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 17,980
Total Puts 11,373
Put/Call Ratio 0.63
Net Difference 6,607

Prior's Put/Call Breakdown

Total Calls 13,742
Total Puts 13,245
Put/Call Ratio 0.96
Net Difference 497

Prior 7-Day Put/Call Summary

Total Calls 114,777
Total Puts 132,007
Average Put/Call Ratio 1.21
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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