Tour v526
PANW
PALO ALTO NETWORKS I
$357.87 +2.38%
$358.27 (+0.11%)🌙
as of 08/21 06:56 PM
(8/20 18:55) ◀
|
Friday, August 21, 2026 (6:56pm)
January 2026
|
▶ (8/25 18:54)
◀ 8/21 18:56 ▶

Option Volume

Detail
ℹ
Current (08/21) 32,219
Calls: 15,543 (48%)
Puts: 16,676 (52%)
Prior (08/20) 22,588
Calls: 9,858 (44%)
Puts: 12,730 (56%)
Current vs Prior +42.64%
Calls: +57.67% (Calls)
Puts: +31.00% (Puts)
Prior 7-Day Total 205,505
Calls: 98,961 (48%)
Puts: 106,544 (52%)
Prior 7-Day Average 29,357
Calls: 14,137 (48%)
Puts: 15,220 (52%)
Current vs Prior 7-Day Avg +9.75%
Calls: +9.94%
Puts: +9.56%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/21) $54.94M
Calls: $44.77M (81%)
Puts: $10.17M (19%)
Prior (08/20) $57.73M
Calls: $38.12M (66%)
Puts: $19.62M (34%)
Current vs Prior -4.85%
Calls: +17.45%
Puts: -48.18%
Prior 7-Day Total $610.40M
Calls: $454.47M (74%)
Puts: $155.93M (26%)
Prior 7-Day Average $87.20M
Calls: $64.92M (74%)
Puts: $22.28M (26%)
Current vs Prior 7-Day Avg -37.00%
Calls: -31.04%
Puts: -54.37%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/21) 1.07
Prior (08/20) 1.29
Current vs Prior -16.92%
Prior 7-Day Average 1.11
Current vs Prior 7-Day Avg -3.03%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/21) 242,737
Calls: 140,138 (58%)
Puts: 102,599 (42%)
Prior (08/20) 235,422
Calls: 135,448 (58%)
Puts: 99,974 (42%)
Current vs Prior +3.11%
Prior 7-Day Total 1,767,474
Calls: 1,006,475 (57%)
Puts: 760,999 (43%)
Prior 7-Day Average 252,496
Calls: 143,782 (57%)
Puts: 108,714 (43%)
Current vs Prior 7-Day Avg -3.87%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 0.82% | 6.04%0.82% | 15.01%
Prior 2.75% | 6.30%2.75% | 14.87%
Current vs Prior +119.19% | +82.81%-70.18% | +0.91%
Prior 7-Day Avg 3.90% | 6.97%4.84% | 15.61%
Current vs 7-Day Avg +54.70% | +65.27%-83.03% | -3.89%
Prior 7-Day Eod 2.75% | 6.30%2.75% | 14.87%
Current vs 7-Day Eod +119.19% | +82.81%-70.18% | +0.91%
Sentiment BEARISHBULLISH

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 18.21% | 14.75%
Calls: 14.09% | 11.54%
Puts: 22.33% | 17.97%
Current vs 7-Day Avg +56.17% | +20.34%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 81% of dollar volume in calls ($44.77M) vs puts ($10.17M). Slightly bearish P/C ratio of 1.07.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
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 24 of results (avg 8.3%, best 5.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Sep 1815.5016.30$15.905.0%3590.403.4K
$340.00Sep 1131.6533.70$32.676.3%400.66--
$340.00Sep 429.6031.65$30.636.7%410.6720
$290.00Sep 1869.3074.65$71.977.4%250.891.4K
$290.00Aug 2165.5570.65$68.107.5%51.00444
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$345.00Aug 284.554.80$4.685.3%3940.28334
$360.00Aug 2810.7011.55$11.137.6%580.51345
$362.50Aug 2812.0513.20$12.639.1%50.5539
$365.00Aug 2813.5014.80$14.159.2%550.59132
$400.00Sep 445.7550.50$48.139.9%110.76--

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. 119 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Aug 2165.5570.65$68.107.5%51.00444
$335.00Aug 2120.4025.65$23.0322.8%21.0056
$330.00Aug 2125.4030.65$28.0318.7%660.99798
$320.00Aug 2136.5040.60$38.5510.6%120.99793
$327.50Aug 2126.7034.10$30.4024.3%10.9940
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$367.50Aug 216.8512.10$9.4855.4%251.0069
$370.00Aug 219.3514.60$11.9843.8%321.00338
$372.50Aug 2111.9017.05$14.4835.6%31.0049
$375.00Aug 2114.3519.60$16.9830.9%181.0026
$377.50Aug 2115.9523.55$19.7538.5%51.0024

Most actively traded options today. High liquidity = easy entry/exit. 333 active (total vol 18.8K, top 1.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$357.50Aug 210.231.28$0.76138.2%1.4K0.64143
$360.00Aug 210.020.08$0.05120.0%1.3K0.08714
$355.00Aug 211.076.65$3.86144.6%5400.9069
$360.00Aug 288.759.55$9.158.7%4210.49238
$380.00Sep 1815.5016.30$15.905.0%3590.403.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$355.00Aug 210.010.21$0.11181.8%7400.10784
$330.00Aug 281.401.75$1.5822.2%6540.12246
$340.00Aug 283.003.95$3.4827.3%6080.22354
$300.00Sep 184.055.05$4.5522.0%4700.141.9K
$345.00Aug 284.554.80$4.685.3%3940.28334

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 104.3%, max 199.0%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$352.50Aug 21Sep 4212.2%71.0%199.0%7452
$305.00Sep 25Oct 259.1%57.9%2.1%2235
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$352.50Aug 21Sep 4212.2%71.0%199.0%102284
$400.00Sep 4Sep 1872.8%62.2%17.2%14105

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 209 found (best R:R 1.68, avg 3.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$360.00$370.00Sep 18$3.73$6.27$3.7352%1.68$363.73
$325.00$340.00Sep 25$9.44$5.56$9.4473%0.59$334.44
$330.00$340.00Sep 4$6.20$3.80$6.2074%0.61$336.20
$360.00$365.00Sep 25$1.70$3.30$1.7052%1.94$361.70
$390.00$400.00Sep 18$2.17$7.83$2.1734%3.61$392.17
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$357.50$355.00Aug 28$0.52$1.98$0.5247%3.81$356.98
$320.00$315.00Oct 2$0.63$4.37$0.6324%6.94$319.37
$385.00$382.50Aug 28$1.65$0.85$1.6585%0.52$383.35
$330.00$327.50Sep 4$0.25$2.25$0.2526%9.00$329.75
$310.00$305.00Sep 4$0.30$4.70$0.3014%15.67$309.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 159 found (best R:R 0.67, avg 0.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$367.50$370.00Sep 4$1.47$1.47$1.0355%1.43$368.97
$395.00$400.00Sep 11$1.65$1.65$3.3571%0.49$396.65
$370.00$372.50Aug 28$1.00$1.00$1.5066%0.67$371.00
$362.50$365.00Aug 28$1.27$1.27$1.2355%1.03$363.77
$415.00$420.00Aug 21$0.16$0.16$4.8498%0.03$415.16
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$340.00$320.00Oct 2$8.05$8.05$11.9564%0.67$331.95
$317.50$315.00Aug 21$1.27$1.27$1.2392%1.03$316.23
$332.50$330.00Aug 21$1.32$1.32$1.1888%1.12$331.18
$337.50$335.00Aug 21$1.21$1.21$1.2987%0.94$336.29
$305.00$300.00Oct 2$1.80$1.80$3.2082%0.56$303.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $9.30, cheapest $8.89)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$357.50Aug 21Aug 28$9.7246.4%49.3%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$357.50Aug 21Aug 28$8.8946.4%49.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 82 found (cheapest 0.30% of stock, avg 9.02%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$357.50Aug 21$0.76$0.31$1.07$356.43$358.570.30%
$360.00Aug 21$0.05$2.18$2.23$357.77$362.230.62%
$355.00Aug 21$3.86$0.11$3.97$351.03$358.971.11%
$362.50Aug 21$0.06$4.59$4.65$357.85$367.151.30%
$352.50Aug 21$5.40$0.52$5.92$346.58$358.421.65%
$365.00Aug 21$0.05$6.63$6.68$358.32$371.681.87%
$350.00Aug 21$8.13$0.27$8.40$341.60$358.402.35%
$367.50Aug 21$0.04$9.48$9.52$357.98$377.022.66%
$347.50Aug 21$10.60$0.15$10.75$336.75$358.253.00%
$370.00Aug 21$0.01$11.98$11.99$358.01$381.993.35%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.10% of stock, avg 8.02%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$360.00$357.50Aug 21$0.05$0.31$0.36$357.14$360.36
$362.50$357.50Aug 21$0.06$0.31$0.37$357.13$362.87
$360.00$352.50Aug 21$0.05$0.52$0.57$351.93$360.57
$362.50$352.50Aug 21$0.06$0.52$0.58$351.92$363.08
$360.00$345.00Aug 21$0.05$0.71$0.76$344.24$360.76
$362.50$345.00Aug 21$0.06$0.71$0.77$344.23$363.27
$360.00$337.50Aug 21$0.05$1.22$1.27$336.23$361.27
$362.50$337.50Aug 21$0.06$1.22$1.28$336.22$363.78
$360.00$332.50Aug 21$0.05$1.34$1.39$331.11$361.39
$362.50$332.50Aug 21$0.06$1.34$1.40$331.10$363.90

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 188 found (best R:R 0.40, avg credit $2.10)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
315/318415/420Aug 21$1.43$3.5790%0.40$316.07$416.43
315/318390/395Aug 21$1.47$3.5388%0.42$316.03$391.47
330/332415/420Aug 21$1.48$3.5286%0.42$331.02$416.48
330/332390/395Aug 21$1.52$3.4884%0.44$330.98$391.52
335/338415/420Aug 21$1.37$3.6385%0.38$336.13$416.37
300/305410/415Oct 2$2.93$2.0754%1.42$302.07$412.93
335/338390/395Aug 21$1.41$3.5983%0.39$336.09$391.41
335/340395/400Sep 11$3.72$1.2837%2.91$336.28$398.72
300/305395/400Oct 2$3.15$1.8547%1.70$301.85$398.15
315/320395/400Sep 11$3.03$1.9749%1.54$316.97$398.03

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 135 found (best R:R 75.92, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$357.50$360.00$362.50Aug 21$0.72$1.7859%2.47
$370.00$380.00$390.00Sep 18$0.60$9.4012%15.67
$370.00$375.00$380.00Oct 2$0.09$4.915%54.56
$355.00$360.00$365.00Sep 11$0.14$4.867%34.71
$380.00$385.00$390.00Sep 11$0.12$4.886%40.67
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$350.00$360.00$370.00Sep 18$0.13$9.8713%75.92
$320.00$330.00$340.00Sep 18$0.23$9.7712%42.48
$357.50$360.00$362.50Aug 21$0.54$1.9660%3.63
$355.00$357.50$360.00Aug 21$1.67$0.8386%0.50
$380.00$390.00$400.00Sep 18$0.47$9.5311%20.28

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 $-7.33, 99 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$310.00$340.001:2Sep 11-$11.54$18.46
$295.00$320.001:2Aug 28-$15.57$9.43
$410.00$415.001:2Aug 28-$0.01$4.99
$360.00$362.501:2Aug 21-$0.07$2.43
$362.50$365.001:2Aug 21-$0.04$2.46
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$400.00$370.001:2Sep 11-$7.33$22.67
$340.00$320.001:2Oct 2-$2.60$17.40
$375.00$350.001:2Oct 2-$9.71$15.29
$360.00$340.001:2Sep 25-$7.42$12.58
$352.50$350.001:2Aug 21-$0.02$2.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 81 found (best yield 5.28%, avg 2.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$375.00Oct 2$18.900.454.8%5.28%10.07%212
$370.00Oct 2$20.800.473.4%5.81%9.20%720
$380.00Oct 2$17.100.426.2%4.78%10.96%41
$360.00Oct 2$25.100.530.6%7.01%7.61%1--
$385.00Oct 2$15.400.407.6%4.30%11.88%1--
$390.00Oct 2$13.850.379.0%3.87%12.85%1--
$395.00Oct 2$12.450.3510.4%3.48%13.85%28
$365.00Sep 25$21.150.492.0%5.91%7.90%5--
$400.00Oct 2$11.150.3211.8%3.12%14.89%235
$370.00Sep 18$19.000.463.4%5.31%8.70%3102.0K

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 15,543
Total Puts 16,676
Put/Call Ratio 1.07
Net Difference -1,133

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 98,961
Total Puts 106,544
Average Put/Call Ratio 1.11
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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