Tour v526
PANW
PALO ALTO NETWORKS I
$349.56 -2.84%
$349.00 (-0.16%)🌙
as of 08/20 06:55 PM
(8/19 18:52) ◀
|
Thursday, August 20, 2026 (6:55pm)
January 2026
|
▶ (8/21 18:56)
◀ 8/20 18:55 ▶

Option Volume

Detail
ℹ
Current (08/20) 22,588
Calls: 9,858 (44%)
Puts: 12,730 (56%)
Prior (08/19) 30,821
Calls: 14,841 (48%)
Puts: 15,980 (52%)
Current vs Prior -26.71%
Calls: -33.58% (Calls)
Puts: -20.34% (Puts)
Prior 7-Day Total 209,904
Calls: 102,845 (49%)
Puts: 107,059 (51%)
Prior 7-Day Average 29,986
Calls: 14,692 (49%)
Puts: 15,294 (51%)
Current vs Prior 7-Day Avg -24.67%
Calls: -32.90%
Puts: -16.77%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/20) $57.73M
Calls: $38.12M (66%)
Puts: $19.62M (34%)
Prior (08/19) $57.94M
Calls: $42.98M (74%)
Puts: $14.95M (26%)
Current vs Prior -0.35%
Calls: -11.32%
Puts: +31.20%
Prior 7-Day Total $673.61M
Calls: $520.21M (77%)
Puts: $153.41M (23%)
Prior 7-Day Average $96.23M
Calls: $74.32M (77%)
Puts: $21.92M (23%)
Current vs Prior 7-Day Avg -40.00%
Calls: -48.71%
Puts: -10.49%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/20) 1.29
Prior (08/19) 1.08
Current vs Prior +19.93%
Prior 7-Day Average 1.06
Current vs Prior 7-Day Avg +21.87%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/20) 235,422
Calls: 135,448 (58%)
Puts: 99,974 (42%)
Prior (08/19) 272,215
Calls: 154,860 (57%)
Puts: 117,355 (43%)
Current vs Prior -13.52%
Prior 7-Day Total 1,789,293
Calls: 1,013,394 (57%)
Puts: 775,899 (43%)
Prior 7-Day Average 255,613
Calls: 144,770 (57%)
Puts: 110,842 (43%)
Current vs Prior 7-Day Avg -7.90%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 2.75% | 6.30%2.75% | 14.87%
Prior 3.66% | 6.95%3.66% | 15.49%
Current vs Prior -24.63% | -9.31%-24.63% | -4.01%
Prior 7-Day Avg 4.13% | 7.09%5.47% | 15.90%
Current vs 7-Day Avg -33.38% | -11.10%-49.59% | -6.45%
Prior 7-Day Eod 3.66% | 6.95%3.66% | 15.49%
Current vs 7-Day Eod -24.63% | -9.31%-24.63% | -4.01%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 28.44% | 17.75%
Calls: 25.85% | 15.67%
Puts: 31.03% | 19.83%
Prior 28.44% | 17.75%
Calls: 25.85% | 15.67%
Puts: 31.03% | 19.83%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 16.17% | 14.15%
Calls: 11.74% | 10.72%
Puts: 20.59% | 17.59%
Current vs 7-Day Avg +75.93% | +25.44%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($38.12M). Bearish P/C ratio of 1.29 indicates protective positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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 15 of results (avg 8.1%, best 4.8%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Aug 2167.2572.85$70.058.0%201.00358
$290.00Sep 1861.7067.35$64.538.8%270.871.3K
$350.00Sep 1822.0524.10$23.088.9%750.53822
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Sep 1822.5523.65$23.104.8%700.47432
$345.00Sep 1118.6519.75$19.205.7%2730.4432
$345.00Sep 416.9018.00$17.456.3%2440.43118
$355.00Sep 1123.4025.10$24.257.0%1330.5129
$350.00Sep 1120.6522.35$21.507.9%2530.4798

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. 121 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Aug 2167.2572.85$70.058.0%201.00358
$290.00Aug 2155.6563.60$59.6313.3%151.00458
$300.00Aug 2147.1553.50$50.3312.6%221.001.7K
$310.00Aug 2137.2043.55$40.3815.7%1181.00644
$315.00Aug 2130.5038.20$34.3522.4%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$390.00Aug 2136.6044.65$40.6319.8%571.0036
$400.00Aug 2147.8054.65$51.2213.4%291.00--
$395.00Aug 2143.4049.65$46.5313.4%2731.00126
$382.50Aug 2129.1037.15$33.1324.3%100.99106
$380.00Aug 2126.6034.65$30.6326.3%210.99208

Most actively traded options today. High liquidity = easy entry/exit. 321 active (total vol 13.3K, top 317)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Aug 210.000.91$0.46197.8%2820.071.1K
$360.00Aug 210.490.90$0.7058.6%2620.14760
$380.00Aug 210.000.06$0.03200.0%2560.01868
$365.00Aug 210.230.40$0.3253.1%1950.07409
$360.00Aug 286.107.35$6.7318.6%1920.37131
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Sep 418.8520.55$19.708.6%3170.48162
$320.00Sep 1810.1011.30$10.7011.2%2830.272.1K
$395.00Aug 2143.4049.65$46.5313.4%2731.00126
$345.00Sep 1118.6519.75$19.205.7%2730.4432
$360.00Aug 2815.0018.05$16.5218.5%2540.63350

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 7.4%, max 17.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$347.50Aug 21Aug 2859.7%50.8%17.5%19257
$350.00Aug 21Oct 259.4%55.2%7.6%149695
$340.00Aug 21Sep 1859.6%55.9%6.5%1121.6K
$355.00Aug 21Oct 260.6%58.4%3.8%61115
$345.00Aug 21Sep 2557.7%56.3%2.6%6182
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$357.50Aug 21Aug 2859.0%51.8%13.8%98263
$342.50Aug 21Aug 2855.6%51.0%9.0%111168
$350.00Aug 21Oct 259.4%55.2%7.6%256653
$345.00Aug 21Oct 257.7%54.3%6.3%117235
$340.00Aug 21Sep 2559.6%56.5%5.5%107894

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 200 found (best R:R 0.52, avg 4.02)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$300.00$320.00Oct 2$13.15$6.85$13.1581%0.52$313.15
$380.00$390.00Sep 18$1.63$8.37$1.6334%5.13$381.63
$325.00$345.00Sep 25$11.47$8.53$11.4769%0.74$336.47
$335.00$350.00Oct 2$7.55$7.45$7.5563%0.99$342.55
$360.00$380.00Sep 11$6.27$13.73$6.2746%2.19$366.27
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$397.50$395.00Aug 21$1.60$0.90$1.6097%0.56$395.90
$355.00$350.00Sep 25$1.65$3.35$1.6550%2.03$353.35
$377.50$375.00Aug 28$1.30$1.20$1.3083%0.92$376.20
$372.50$370.00Aug 28$1.35$1.15$1.3578%0.85$371.15
$335.00$330.00Sep 25$1.18$3.82$1.1837%3.24$333.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 152 found (best R:R 1.89, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$407.50$410.00Aug 21$0.51$0.51$1.9996%0.26$408.01
$405.00$410.00Sep 11$1.35$1.35$3.6579%0.37$406.35
$355.00$360.00Sep 11$2.78$2.78$2.2251%1.25$357.78
$355.00$357.50Sep 4$1.53$1.53$0.9751%1.58$356.53
$392.50$395.00Sep 4$0.90$0.90$1.6076%0.56$393.40
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$340.00$335.00Sep 25$3.27$3.27$1.7359%1.89$336.73
$335.00$332.50Sep 4$1.87$1.87$0.6364%2.97$333.13
$290.00$285.00Sep 11$1.38$1.38$3.6289%0.38$288.62
$330.00$325.00Sep 25$2.55$2.55$2.4566%1.04$327.45
$315.00$310.00Sep 25$2.06$2.06$2.9475%0.70$312.94

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $6.29, cheapest $6.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$347.50Aug 21Aug 28$6.3559.7%50.8%
$350.00Aug 21Aug 28$6.5559.4%51.5%
$352.50Aug 21Aug 28$6.5559.2%51.9%
$355.00Aug 21Aug 28$6.5560.6%53.5%
$345.00Aug 21Aug 28$6.3857.7%50.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$347.50Aug 21Aug 28$6.0759.7%50.8%
$350.00Aug 21Aug 28$6.0559.4%51.5%
$352.50Aug 21Aug 28$6.3059.2%51.9%
$355.00Aug 21Aug 28$6.0860.6%53.5%
$345.00Aug 21Aug 28$6.0457.7%50.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 75 found (cheapest 2.38% of stock, avg 9.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$350.00Aug 21$3.88$4.43$8.31$341.69$358.312.38%
$352.50Aug 21$2.80$5.65$8.45$344.05$360.952.42%
$347.50Aug 21$5.20$3.28$8.48$339.02$355.982.43%
$345.00Aug 21$6.75$2.19$8.94$336.06$353.942.56%
$355.00Aug 21$2.05$7.30$9.35$345.65$364.352.67%
$357.50Aug 21$1.32$9.18$10.50$347.00$368.003.00%
$340.00Aug 21$10.40$1.01$11.41$328.59$351.413.26%
$360.00Aug 21$0.70$11.08$11.78$348.22$371.783.37%
$362.50Aug 21$0.57$13.65$14.22$348.28$376.724.07%
$335.00Aug 21$15.75$0.42$16.17$318.83$351.174.63%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 165 found (cheapest 0.39% of stock, avg 7.14%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$360.00$337.50Aug 21$0.70$0.65$1.35$336.15$361.35
$360.00$340.00Aug 21$0.70$1.01$1.71$338.29$361.71
$357.50$337.50Aug 21$1.32$0.65$1.97$335.53$359.47
$360.00$342.50Aug 21$0.70$1.34$2.04$340.46$362.04
$357.50$340.00Aug 21$1.32$1.01$2.33$337.67$359.83
$357.50$342.50Aug 21$1.32$1.34$2.66$339.84$360.16
$355.00$337.50Aug 21$2.05$0.65$2.70$334.80$357.70
$355.00$340.00Aug 21$2.05$1.01$3.06$336.94$358.06
$360.00$345.00Aug 21$0.70$2.19$2.89$342.11$362.89
$355.00$342.50Aug 21$2.05$1.34$3.39$339.11$358.39

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 236 found (best R:R 1.20, avg credit $1.72)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
285/290405/410Sep 11$2.73$2.2768%1.20$287.27$407.73
285/290395/400Sep 11$2.71$2.2964%1.18$287.29$397.71
300/305405/410Sep 11$2.60$2.4061%1.08$302.40$407.60
312/315375/378Sep 4$2.00$0.5045%4.00$313.00$377.00
285/290385/390Sep 11$2.53$2.4759%1.02$287.47$387.53
300/305395/400Sep 11$2.58$2.4258%1.07$302.42$397.58
285/290380/385Sep 11$2.66$2.3456%1.14$287.34$382.66
310/315405/410Sep 11$2.65$2.3556%1.13$312.35$407.65
295/300405/410Sep 11$2.22$2.7864%0.80$297.78$407.22
285/290390/395Sep 11$2.30$2.7062%0.85$287.70$392.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 125 found (best R:R 10.72, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$320.00$335.00$350.00Sep 11$1.28$13.7221%10.72
$300.00$310.00$320.00Sep 18$0.12$9.8810%82.33
$330.00$340.00$350.00Sep 4$0.51$9.4916%18.61
$355.00$357.50$360.00Aug 21$0.11$2.3916%21.73
$345.00$347.50$350.00Aug 21$0.23$2.2719%9.87
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$380.00$390.00$400.00Sep 18$0.21$9.799%46.62
$345.00$347.50$350.00Aug 21$0.06$2.4419%40.67
$347.50$350.00$352.50Aug 21$0.07$2.4319%34.71
$360.00$362.50$365.00Aug 28$0.06$2.447%40.67
$342.50$345.00$347.50Aug 28$0.07$2.438%34.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 115 found (best net $-1.96, 103 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$360.00$390.001:2Sep 25-$1.96$28.04
$280.00$310.001:2Sep 11-$22.11$7.89
$360.00$380.001:2Sep 11-$4.81$15.19
$340.00$345.001:2Aug 21-$3.10$1.90
$357.50$360.001:2Aug 21-$0.08$2.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$290.00$280.001:2Sep 4-$0.14$9.86
$345.00$342.501:2Aug 21-$0.49$2.01
$332.50$330.001:2Aug 21-$0.02$2.48
$310.00$305.001:2Aug 28-$0.17$4.83
$340.00$337.501:2Aug 21-$0.29$2.21

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 75 found (best yield 6.69%, avg 2.29%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$355.00Oct 2$23.400.511.6%6.69%8.25%2271
$370.00Oct 2$16.800.435.8%4.81%10.65%614
$350.00Oct 2$25.150.540.1%7.19%7.32%31
$380.00Oct 2$13.500.388.7%3.86%12.57%1--
$360.00Sep 25$19.450.473.0%5.56%8.55%1--
$405.00Oct 2$8.550.2715.9%2.45%18.31%1--
$350.00Sep 25$23.150.530.1%6.62%6.75%115
$400.00Oct 2$8.800.2814.4%2.52%16.95%1--
$360.00Sep 18$17.500.463.0%5.01%7.99%1441.6K
$350.00Sep 18$22.050.530.1%6.31%6.43%75822

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 9,858
Total Puts 12,730
Put/Call Ratio 1.29
Net Difference -2,872

Prior's Put/Call Breakdown

Total Calls 14,841
Total Puts 15,980
Put/Call Ratio 1.08
Net Difference -1,139

Prior 7-Day Put/Call Summary

Total Calls 102,845
Total Puts 107,059
Average Put/Call Ratio 1.06
Ratio Trend Rising

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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