Tour v526
PANW
PALO ALTO NETWORKS I
$339.90 -3.13%
$339.68 (-0.06%)🌙
as of 08/25 06:54 PM
(8/21 18:56) ◀
|
Tuesday, August 25, 2026 (6:54pm)
January 2026
|
▶ (8/26 18:54)
◀ 8/25 18:54 ▶

Option Volume

Detail
ℹ
Current (08/25) 31,235
Calls: 12,158 (39%)
Puts: 19,077 (61%)
Prior (08/21) 32,219
Calls: 15,543 (48%)
Puts: 16,676 (52%)
Current vs Prior -3.05%
Calls: -21.78% (Calls)
Puts: +14.40% (Puts)
Prior 7-Day Total 208,371
Calls: 96,524 (46%)
Puts: 111,847 (54%)
Prior 7-Day Average 29,767
Calls: 13,789 (46%)
Puts: 15,978 (54%)
Current vs Prior 7-Day Avg +4.93%
Calls: -11.83%
Puts: +19.39%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/25) $48.59M
Calls: $25.05M (52%)
Puts: $23.54M (48%)
Prior (08/21) $54.94M
Calls: $44.77M (81%)
Puts: $10.17M (19%)
Current vs Prior -11.56%
Calls: -44.05%
Puts: +131.55%
Prior 7-Day Total $538.50M
Calls: $392.20M (73%)
Puts: $146.30M (27%)
Prior 7-Day Average $76.93M
Calls: $56.03M (73%)
Puts: $20.90M (27%)
Current vs Prior 7-Day Avg -36.84%
Calls: -55.29%
Puts: +12.62%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/25) 1.57
Prior (08/21) 1.07
Current vs Prior +46.25%
Prior 7-Day Average 1.17
Current vs Prior 7-Day Avg +34.19%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/25) 213,896
Calls: 121,370 (57%)
Puts: 92,526 (43%)
Prior (08/21) 242,737
Calls: 140,138 (58%)
Puts: 102,599 (42%)
Current vs Prior -11.88%
Prior 7-Day Total 1,779,977
Calls: 1,012,759 (57%)
Puts: 767,218 (43%)
Prior 7-Day Average 254,282
Calls: 144,679 (57%)
Puts: 109,602 (43%)
Current vs Prior 7-Day Avg -15.88%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 4.71% | 11.04%13.37% | 18.55%
Prior 6.04% | 11.52%0.82% | 15.01%
Current vs Prior -22.05% | -4.21%+1526.99% | +23.62%
Prior 7-Day Avg 4.25% | 7.67%4.01% | 15.40%
Current vs 7-Day Avg +10.88% | +43.92%+233.38% | +20.42%
Prior 7-Day Eod 6.04% | 11.52%0.82% | 15.01%
Current vs 7-Day Eod -22.05% | -4.21%+1526.99% | +23.62%
Sentiment BULLISHBEARISH

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 20.26% | 15.35%
Calls: 16.44% | 12.37%
Puts: 24.07% | 18.34%
Current vs 7-Day Avg +40.39% | +15.64%
Liquidity Expensive
+
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🤖 AI Insights

Extreme bearish P/C ratio of 1.57 - heavy put buying. P/C ratio rising 46% - increased hedging/bearish 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 8 of results (avg 7.3%, best 5.2%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Sep 1811.2011.80$11.505.2%420.342.2K
$342.50Sep 1821.0522.30$21.685.8%300.522
$330.00Sep 1827.1528.80$27.985.9%120.611.5K
$332.50Sep 1824.5026.85$25.689.2%10.59--
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Sep 44.004.25$4.136.1%480.16210
$337.50Sep 416.0017.20$16.607.2%130.4535
$285.00Sep 112.913.20$3.069.5%2070.1136
$380.00Sep 1845.7550.40$48.089.7%10.72506

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. 85 found (avg delta 0.68, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$305.00Aug 2831.7539.30$35.5321.2%10.971
$310.00Aug 2826.9534.50$30.7324.6%20.9517
$280.00Sep 1860.2568.15$64.2012.3%10.90--
$320.00Aug 2817.7525.40$21.5835.4%40.87--
$290.00Sep 1851.8559.95$55.9014.5%140.85--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$382.50Aug 2839.0546.20$42.6316.8%11.0020
$385.00Aug 2841.1548.70$44.9316.8%41.00107
$390.00Aug 2846.1053.65$49.8815.1%21.00--
$400.00Aug 2856.1063.60$59.8512.5%191.0059
$380.00Aug 2836.2543.75$40.0018.8%30.9569

Most actively traded options today. High liquidity = easy entry/exit. 299 active (total vol 16.7K, top 864)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Aug 281.391.69$1.5419.5%5520.16496
$342.50Aug 285.556.70$6.1318.8%4190.46212
$347.50Aug 283.605.05$4.3333.5%4120.36242
$337.50Aug 287.859.70$8.7721.1%3180.57--
$390.00Sep 186.458.45$7.4526.8%2860.24862
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Oct 24.708.20$6.4554.3%8640.1732
$340.00Aug 286.458.00$7.2321.4%7510.49836
$335.00Aug 284.355.80$5.0728.6%6930.38367
$290.00Sep 184.755.55$5.1515.5%6740.151.8K
$332.50Aug 283.505.10$4.3037.2%4230.3354

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 9 strikes (avg 5.0%, max 9.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$290.00Sep 18Sep 2567.7%63.3%7.0%1629
$350.00Aug 28Oct 263.6%60.4%5.3%143358
$325.00Aug 28Sep 2563.4%60.3%5.1%1227
$340.00Aug 28Oct 259.9%57.7%3.7%11938
$360.00Aug 28Oct 262.1%60.4%2.8%555504
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$325.00Aug 28Oct 263.4%58.0%9.3%135503
$335.00Aug 28Oct 260.9%57.9%5.3%694378
$330.00Aug 28Oct 260.3%57.7%4.4%349510
$350.00Aug 28Sep 2563.6%62.2%2.3%235652

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 225 found (best R:R 2.09, avg 3.59)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$332.50$340.00Sep 18$2.43$5.07$2.4359%2.09$334.93
$310.00$330.00Sep 18$12.42$7.58$12.4275%0.61$322.42
$320.00$340.00Oct 2$10.92$9.08$10.9266%0.83$330.92
$325.00$340.00Sep 25$7.64$7.36$7.6464%0.96$332.64
$385.00$390.00Sep 18$0.13$4.87$0.1325%37.46$385.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$385.00$380.00Sep 4$2.95$2.05$2.9580%0.69$382.05
$340.00$337.50Sep 18$0.13$2.37$0.1346%18.23$339.87
$330.00$327.50Sep 18$0.23$2.27$0.2339%9.87$329.77
$305.00$300.00Oct 2$0.50$4.50$0.5025%9.00$304.50
$285.00$280.00Oct 2$0.24$4.76$0.2415%19.83$284.76

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 181 found (best R:R 4.00, avg 0.50)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$390.00$395.00Sep 18$1.70$1.70$3.3076%0.52$391.70
$380.00$385.00Sep 18$1.82$1.82$3.1871%0.57$381.82
$387.50$390.00Aug 28$0.54$0.54$1.9694%0.28$388.04
$355.00$357.50Sep 11$1.47$1.47$1.0358%1.43$356.47
$340.00$342.50Sep 4$1.75$1.75$0.7546%2.33$341.75
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$332.50$330.00Sep 18$2.00$2.00$0.5059%4.00$330.50
$337.50$335.00Sep 18$2.07$2.07$0.4356%4.81$335.43
$310.00$305.00Oct 2$2.27$2.27$2.7372%0.83$307.73
$320.00$315.00Sep 25$2.50$2.50$2.5066%1.00$317.50
$320.00$315.00Sep 18$2.40$2.40$2.6068%0.92$317.60

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $10.83, cheapest $13.85)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$332.50Aug 28Sep 18$13.8562.4%64.5%
$350.00Aug 28Sep 4$10.1063.6%80.2%
$347.50Aug 28Sep 4$10.7260.8%80.6%
$337.50Aug 28Sep 4$10.8661.8%81.6%
$345.00Aug 28Sep 4$10.9060.8%80.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$350.00Aug 28Sep 4$10.4763.6%80.2%
$337.50Aug 28Sep 4$10.3561.8%81.6%
$347.50Aug 28Sep 4$10.4560.8%80.6%
$345.00Aug 28Sep 4$10.6060.8%80.6%
$332.50Aug 28Sep 4$10.1362.4%82.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 65 found (cheapest 4.30% of stock, avg 10.49%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$340.00Aug 28$7.40$7.23$14.63$325.37$354.634.30%
$342.50Aug 28$6.13$8.78$14.91$327.59$357.414.39%
$337.50Aug 28$8.77$6.25$15.02$322.48$352.524.42%
$345.00Aug 28$5.23$10.23$15.46$329.54$360.464.55%
$335.00Aug 28$10.60$5.07$15.67$319.33$350.674.61%
$347.50Aug 28$4.33$11.68$16.01$331.49$363.514.71%
$332.50Aug 28$11.83$4.30$16.13$316.37$348.634.75%
$330.00Aug 28$13.53$3.26$16.79$313.21$346.794.94%
$350.00Aug 28$3.85$13.33$17.18$332.82$367.185.05%
$352.50Aug 28$2.92$15.13$18.05$334.45$370.555.31%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 1.82% of stock, avg 9.26%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$352.50$330.00Aug 28$2.92$3.26$6.18$323.82$358.68
$350.00$330.00Aug 28$3.85$3.26$7.11$322.89$357.11
$352.50$332.50Aug 28$2.92$4.30$7.22$325.28$359.72
$347.50$330.00Aug 28$4.33$3.26$7.59$322.41$355.09
$350.00$332.50Aug 28$3.85$4.30$8.15$324.35$358.15
$347.50$332.50Aug 28$4.33$4.30$8.63$323.87$356.13
$352.50$335.00Aug 28$2.92$5.07$7.99$327.01$360.49
$350.00$335.00Aug 28$3.85$5.07$8.92$326.08$358.92
$347.50$335.00Aug 28$4.33$5.07$9.40$325.60$356.90
$345.00$330.00Aug 28$5.23$3.26$8.49$321.51$353.49

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 139 found (best R:R 3.20, avg credit $1.76)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
315/320390/395Sep 25$3.81$1.1941%3.20$316.19$393.81
305/310390/395Sep 25$3.31$1.6947%1.96$306.69$393.31
275/280390/395Sep 25$2.48$2.5262%0.98$277.52$392.48
305/310395/400Oct 2$3.16$1.8447%1.72$306.84$398.16
295/298362/365Sep 4$1.75$0.7550%2.33$295.75$364.25
315/320395/400Sep 25$3.24$1.7644%1.84$316.76$398.24
285/290390/395Sep 25$2.51$2.4957%1.01$287.49$392.51
295/300395/400Oct 2$2.77$2.2352%1.24$297.23$397.77
280/282362/365Sep 4$1.40$1.1058%1.27$281.10$363.90
290/292362/365Sep 4$1.43$1.0754%1.34$291.07$363.93

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 123 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$280.00$290.00$300.00Sep 18$0.10$9.909%99.00
$337.50$340.00$342.50Aug 28$0.10$2.4011%24.00
$355.00$357.50$360.00Aug 28$0.05$2.456%49.00
$350.00$355.00$360.00Oct 2$0.12$4.886%40.67
$355.00$360.00$365.00Oct 2$0.14$4.866%34.71
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$305.00$310.00$315.00Sep 11$0.05$4.957%99.00
$320.00$325.00$330.00Oct 2$0.09$4.916%54.56
$350.00$352.50$355.00Aug 28$0.09$2.4110%26.78
$315.00$317.50$320.00Aug 28$0.05$2.455%49.00
$352.50$355.00$357.50Sep 4$0.05$2.454%49.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 76 found (best net $-8.34, 70 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$290.00$325.001:2Sep 25-$8.34$26.66
$375.00$377.501:2Aug 28$0.00$2.50
$402.50$405.001:2Aug 28-$0.02$2.48
$382.50$385.001:2Aug 28-$0.08$2.42
$380.00$382.501:2Aug 28-$0.10$2.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$290.00$280.001:2Sep 18-$1.15$8.85
$300.00$295.001:2Aug 28-$0.12$4.88
$315.00$312.501:2Aug 28-$0.33$2.17
$305.00$302.501:2Aug 28-$0.25$2.25
$312.50$310.001:2Aug 28-$0.32$2.18

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 104 found (best yield 6.43%, avg 2.67%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$345.00Oct 2$21.850.511.5%6.43%7.93%33
$355.00Oct 2$17.500.454.4%5.15%9.59%565
$350.00Oct 2$19.400.483.0%5.71%8.68%172
$360.00Oct 2$15.700.425.9%4.62%10.53%38
$340.00Oct 2$23.800.540.0%7.00%7.03%5--
$365.00Oct 2$14.050.397.4%4.13%11.52%2--
$370.00Oct 2$12.550.378.9%3.69%12.55%332
$340.00Sep 25$23.000.540.0%6.77%6.80%58
$375.00Oct 2$11.150.3410.3%3.28%13.61%112
$360.00Sep 25$14.650.415.9%4.31%10.22%6--

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 12,158
Total Puts 19,077
Put/Call Ratio 1.57
Net Difference -6,919

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 96,524
Total Puts 111,847
Average Put/Call Ratio 1.17
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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