PANW - Options Database

PANW

PALO ALTO NETWORKS I

$382.13 +2.84%

$381.30 (-0.22%)🌙

as of 08/31 06:00 PM

(8/31 14:05) ◀

Monday, August 31, 2026 (6:00pm)

▶ (9/1 16:00)

◀ 8/31 18:00 ▶

Option Volume

Detail

ℹ

Current (08/31) 51,316

Calls: 24,077 (47%)

Puts: 27,239 (53%)

Prior (08/28) 62,182

Calls: 36,658 (59%)

Puts: 25,524 (41%)

Current vs Prior -17.47%

Calls: -34.32% (Calls)

Puts: +6.72% (Puts)

Prior 7-Day Total 239,967

Calls: 124,773 (52%)

Puts: 115,194 (48%)

Prior 7-Day Average 39,994

Calls: 17,824 (52%)

Puts: 16,456 (48%)

Current vs Prior 7-Day Avg +28.31%

Calls: +35.08%

Puts: +65.52%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/31) $130.34M

Calls: $105.53M (81%)

Puts: $24.81M (19%)

Prior (08/28) $104.69M

Calls: $77.33M (74%)

Puts: $27.36M (26%)

Current vs Prior +24.50%

Calls: +36.48%

Puts: -9.35%

Prior 7-Day Total $430.18M

Calls: $302.95M (70%)

Puts: $127.23M (30%)

Prior 7-Day Average $71.70M

Calls: $43.28M (70%)

Puts: $18.18M (30%)

Current vs Prior 7-Day Avg +81.79%

Calls: +143.84%

Puts: +36.48%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/31) 1.13

Prior (08/28) 0.70

Current vs Prior +62.48%

Prior 7-Day Average 1.06

Current vs Prior 7-Day Avg +6.49%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/31) 569,654

Calls: 289,616 (51%)

Puts: 280,038 (49%)

Prior (08/28) 283,357

Calls: 153,753 (54%)

Puts: 129,604 (46%)

Current vs Prior +101.04%

Prior 7-Day Total 1,511,622

Calls: 840,837 (56%)

Puts: 670,785 (44%)

Prior 7-Day Average 251,937

Calls: 140,139 (56%)

Puts: 111,797 (44%)

Current vs Prior 7-Day Avg +126.11%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)

Current 9.50% | 10.78%12.59% | 17.65%

Prior 9.70% | 11.22%12.36% | 17.99%

Current vs Prior -2.11% | -3.88%+1.92% | -1.90%

Prior 7-Day Avg 5.10% | 10.30%9.46% | 17.23%

Current vs 7-Day Avg +86.31% | +4.66%+33.13% | +2.47%

Prior 7-Day Eod 9.70% | 11.22%12.36% | 17.99%

Current vs 7-Day Eod -2.11% | -3.88%+1.92% | -1.90%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 7.40% | 11.39%

Calls: 9.63% | 12.56%

Puts: 5.17% | 10.22%

Prior 28.14% | 22.80%

Calls: 29.84% | 23.43%

Puts: 26.45% | 22.17%

Current vs Prior -73.70% | -50.04%

Prior 7-Day Avg 28.34% | 19.43%

Calls: 27.18% | 18.26%

Puts: 29.50% | 20.61%

Current vs 7-Day Avg -73.89% | -41.39%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 81% of dollar volume in calls ($105.53M) vs puts ($24.81M). Dollar volume significantly above 7-day average (82% higher). Slightly bearish P/C ratio of 1.13. P/C ratio rising 62% - 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 NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

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

🎯

Tightest Spreads

💰

Best Value <$1

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High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 52 of results (avg 7.7%, best 2.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Sep 4	5.35	5.50	$5.43	2.8%	2.1K	0.23	329
$380.00	Sep 4	18.40	19.00	$18.70	3.2%	861	0.55	478
$400.00	Sep 4	10.25	10.80	$10.53	5.2%	1.1K	0.37	1.2K
$380.00	Sep 18	23.55	24.85	$24.20	5.4%	172	0.55	3.6K
$415.00	Oct 2	15.00	15.85	$15.43	5.5%	1	0.36	35

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Sep 4	1.05	1.11	$1.08	5.6%	665	0.06	778
$380.00	Sep 4	16.00	16.95	$16.48	5.8%	244	0.45	140
$340.00	Sep 4	3.20	3.40	$3.30	6.1%	508	0.14	271
$310.00	Oct 2	3.50	3.75	$3.63	6.9%	2	0.10	46
$360.00	Sep 4	7.80	8.40	$8.10	7.4%	230	0.28	380

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. 142 found (avg delta 0.72, highest 0.97)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$307.50	Sep 4	71.80	79.20	$75.50	9.8%	1	0.97	1
$312.50	Sep 4	67.40	74.40	$70.90	9.9%	--	0.97	15
$315.00	Sep 4	64.60	72.00	$68.30	10.8%	12	0.96	28
$317.50	Sep 4	62.65	69.65	$66.15	10.6%	9	0.96	10
$320.00	Sep 4	59.90	66.75	$63.33	10.8%	--	0.95	13

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$450.00	Sep 18	69.55	75.25	$72.40	7.9%	--	0.83	21
$425.00	Sep 4	43.05	50.90	$46.97	16.7%	--	0.81	24
$455.00	Oct 2	74.70	82.20	$78.45	9.6%	32	0.80	1
$430.00	Sep 11	50.35	56.00	$53.18	10.6%	--	0.79	11
$420.00	Sep 4	39.95	44.85	$42.40	11.6%	2	0.78	4

Most actively traded options today. High liquidity = easy entry/exit. 332 active (total vol 22.5K, top 2.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Sep 4	5.35	5.50	$5.43	2.8%	2.1K	0.23	329
$400.00	Sep 4	10.25	10.80	$10.53	5.2%	1.1K	0.37	1.2K
$380.00	Sep 4	18.40	19.00	$18.70	3.2%	861	0.55	478
$435.00	Sep 4	3.00	3.45	$3.23	13.9%	562	0.15	698
$400.00	Sep 11	12.75	13.50	$13.13	5.7%	527	0.39	210

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$335.00	Sep 4	2.35	2.64	$2.50	11.6%	909	0.11	270
$320.00	Sep 4	1.05	1.11	$1.08	5.6%	665	0.06	778
$330.00	Sep 4	1.80	1.95	$1.88	8.0%	560	0.09	251
$340.00	Sep 4	3.20	3.40	$3.30	6.1%	508	0.14	271
$400.00	Sep 4	26.35	29.20	$27.78	10.3%	505	0.63	89

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 60 strikes (avg 69.5%, max 97.3%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$380.00	Sep 4	Oct 9	113.0%	57.6%	96.2%	866	486
$370.00	Sep 4	Oct 9	111.9%	57.7%	94.1%	82	436
$430.00	Sep 4	Oct 9	111.2%	57.7%	92.8%	164	131
$365.00	Sep 4	Oct 9	110.4%	57.7%	91.4%	34	71
$355.00	Sep 4	Oct 9	110.5%	57.8%	91.1%	5	117

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$375.00	Sep 4	Oct 9	113.7%	57.6%	97.3%	153	194
$380.00	Sep 4	Oct 2	113.0%	58.4%	93.6%	247	148
$345.00	Sep 4	Oct 9	110.7%	57.9%	91.3%	182	311
$365.00	Sep 4	Oct 2	110.4%	58.6%	88.4%	167	519
$350.00	Sep 4	Oct 9	111.8%	59.8%	87.1%	410	752

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 257 found (best R:R 19.00, avg 3.65)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$385.00	$390.00	Oct 2	$0.25	$4.75	$0.25	52%	19.00	$385.25
$335.00	$350.00	Oct 2	$9.78	$5.22	$9.78	80%	0.53	$344.78
$340.00	$342.50	Sep 4	$0.45	$2.05	$0.45	86%	4.56	$340.45
$410.00	$415.00	Oct 2	$0.15	$4.85	$0.15	38%	32.33	$410.15
$385.00	$390.00	Sep 25	$0.97	$4.03	$0.97	52%	4.15	$385.97

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$365.00	$360.00	Oct 2	$0.17	$4.83	$0.17	36%	28.41	$364.83
$425.00	$422.50	Sep 11	$0.95	$1.55	$0.95	76%	1.63	$424.05
$380.00	$375.00	Oct 2	$1.40	$3.60	$1.40	45%	2.57	$378.60
$375.00	$370.00	Sep 25	$1.28	$3.72	$1.28	42%	2.91	$373.72
$390.00	$387.50	Sep 4	$0.72	$1.78	$0.72	54%	2.47	$389.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 195 found (best R:R 2.16, avg 0.49)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$410.00	$415.00	Sep 25	$3.27	$3.27	$1.73	62%	1.89	$413.27
$405.00	$410.00	Oct 2	$3.19	$3.19	$1.81	59%	1.76	$408.19
$425.00	$430.00	Sep 25	$2.55	$2.55	$2.45	70%	1.04	$427.55
$395.00	$400.00	Oct 2	$2.93	$2.93	$2.07	53%	1.42	$397.93
$405.00	$410.00	Oct 9	$2.68	$2.68	$2.32	57%	1.16	$407.68

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$360.00	$355.00	Oct 2	$3.42	$3.42	$1.58	66%	2.16	$356.58
$370.00	$360.00	Sep 25	$5.27	$5.27	$4.73	61%	1.11	$364.73
$345.00	$340.00	Oct 2	$2.83	$2.83	$2.17	74%	1.30	$342.17
$375.00	$350.00	Oct 9	$9.62	$9.62	$15.38	58%	0.63	$365.38
$325.00	$320.00	Sep 25	$1.79	$1.79	$3.21	85%	0.56	$323.21

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 30 found (avg debit $2.55, cheapest $2.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$375.00	Sep 4	Sep 11	$2.77	113.7%	75.4%
$380.00	Sep 4	Sep 11	$2.20	113.0%	74.8%
$372.50	Sep 4	Sep 11	$2.65	113.6%	75.8%
$387.50	Sep 4	Sep 11	$1.55	111.1%	73.4%
$370.00	Sep 4	Sep 11	$1.80	111.9%	75.4%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$375.00	Sep 4	Sep 11	$2.05	113.7%	75.4%
$380.00	Sep 4	Sep 11	$2.07	113.0%	74.8%
$372.50	Sep 4	Sep 11	$2.15	113.6%	75.8%
$387.50	Sep 4	Sep 11	$2.09	111.1%	73.4%
$370.00	Sep 4	Sep 11	$2.25	111.9%	75.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 86 found (cheapest 9.10% of stock, avg 11.93%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$377.50	Sep 4	$20.10	$14.68	$34.78	$342.72	$412.28	9.10%
$385.00	Sep 4	$16.25	$18.58	$34.83	$350.17	$419.83	9.11%
$380.00	Sep 4	$18.70	$16.48	$35.18	$344.82	$415.18	9.21%
$390.00	Sep 4	$14.13	$21.30	$35.43	$354.57	$425.43	9.27%
$375.00	Sep 4	$21.38	$14.20	$35.58	$339.42	$410.58	9.31%
$382.50	Sep 4	$18.02	$17.60	$35.62	$346.88	$418.12	9.32%
$387.50	Sep 4	$15.43	$20.58	$36.01	$351.49	$423.51	9.42%
$392.50	Sep 4	$12.88	$23.18	$36.06	$356.44	$428.56	9.44%
$372.50	Sep 4	$23.08	$13.08	$36.16	$336.34	$408.66	9.46%
$370.00	Sep 4	$24.63	$11.78	$36.41	$333.59	$406.41	9.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 6.71% of stock, avg 9.46%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$397.50	$375.00	Sep 4	$11.45	$14.20	$25.65	$349.35	$423.15
$395.00	$375.00	Sep 4	$12.58	$14.20	$26.78	$348.22	$421.78
$397.50	$377.50	Sep 4	$11.45	$14.68	$26.13	$351.37	$423.63
$395.00	$377.50	Sep 4	$12.58	$14.68	$27.26	$350.24	$422.26
$392.50	$377.50	Sep 4	$12.88	$14.68	$27.56	$349.94	$420.06
$392.50	$375.00	Sep 4	$12.88	$14.20	$27.08	$347.92	$419.58
$420.00	$370.00	Sep 18	$9.73	$16.18	$25.91	$344.09	$445.91
$390.00	$377.50	Sep 4	$14.13	$14.68	$28.81	$348.69	$418.81
$410.00	$370.00	Sep 18	$12.48	$16.18	$28.66	$341.34	$438.66
$397.50	$380.00	Sep 4	$11.45	$16.48	$27.93	$352.07	$425.43

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 139 found (best R:R 6.58, avg credit $2.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
320/325	425/430	Sep 25	$4.34	$0.66	55%	6.58	$320.66	$429.34
330/335	425/430	Sep 25	$4.59	$0.41	50%	11.20	$330.41	$429.59
355/360	425/430	Sep 25	$4.66	$0.34	38%	13.71	$355.34	$429.66
310/315	425/430	Sep 25	$3.55	$1.45	59%	2.45	$311.45	$428.55
355/360	430/435	Oct 2	$4.60	$0.40	37%	11.50	$355.40	$434.60
355/360	425/430	Oct 2	$4.64	$0.36	35%	12.89	$355.36	$429.64
340/345	430/435	Oct 2	$4.01	$0.99	45%	4.05	$340.99	$434.01
345/350	425/430	Oct 9	$4.35	$0.65	38%	6.69	$345.65	$429.35
340/345	425/430	Oct 2	$4.05	$0.95	43%	4.26	$340.95	$429.05
345/350	425/430	Sep 25	$3.93	$1.07	43%	3.67	$346.07	$428.93

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 146 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$430.00	$440.00	$450.00	Sep 18	$0.10	$9.90	8%	99.00
$400.00	$410.00	$420.00	Sep 18	$0.52	$9.48	12%	18.23
$390.00	$395.00	$400.00	Sep 18	$0.11	$4.89	7%	44.45
$315.00	$320.00	$325.00	Oct 2	$0.06	$4.94	4%	82.33
$380.00	$385.00	$390.00	Oct 9	$0.11	$4.89	5%	44.45

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$410.00	$420.00	$430.00	Sep 18	$0.27	$9.73	11%	36.04
$400.00	$410.00	$420.00	Sep 18	$0.56	$9.44	12%	16.86
$390.00	$400.00	$410.00	Sep 18	$0.64	$9.36	13%	14.62
$350.00	$352.50	$355.00	Sep 11	$0.07	$2.43	3%	34.71
$365.00	$367.50	$370.00	Sep 11	$0.08	$2.42	4%	30.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 57 found (best net $-15.91, 57 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$455.00	$457.50	1:2	Sep 4	-$0.98	$1.52
$450.00	$455.00	1:2	Sep 11	-$1.37	$3.63
$452.50	$455.00	1:2	Sep 4	-$1.52	$0.98
$445.00	$447.50	1:2	Sep 4	-$1.57	$0.93
$450.00	$452.50	1:2	Sep 4	-$1.56	$0.94

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$455.00	$415.00	1:2	Oct 2	-$15.91	$24.09
$415.00	$385.00	1:2	Oct 2	-$8.62	$21.38
$375.00	$350.00	1:2	Oct 9	-$5.31	$19.69
$312.50	$310.00	1:2	Sep 11	-$0.23	$2.27
$312.50	$310.00	1:2	Sep 4	-$0.38	$2.12

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 105 found (best yield 4.37%, avg 2.60%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$410.00	Oct 9	$16.70	0.40	7.3%	4.37%	11.66%	1	14
$390.00	Oct 9	$23.75	0.50	2.1%	6.22%	8.27%	10	3
$395.00	Oct 9	$21.35	0.48	3.4%	5.59%	8.96%	4	--
$400.00	Oct 9	$19.40	0.45	4.7%	5.08%	9.75%	4	3
$405.00	Oct 9	$17.55	0.43	6.0%	4.59%	10.58%	2	--
$390.00	Oct 2	$23.50	0.49	2.1%	6.15%	8.21%	11	11
$385.00	Oct 9	$25.60	0.53	0.8%	6.70%	7.45%	17	6
$415.00	Oct 2	$15.00	0.36	8.6%	3.93%	12.53%	1	35
$415.00	Oct 9	$14.25	0.38	8.6%	3.73%	12.33%	8	--
$420.00	Oct 9	$12.75	0.35	9.9%	3.34%	13.25%	16	--

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 24,077

Total Puts 27,239

Put/Call Ratio 1.13

Net Difference -3,162

Prior's Put/Call Breakdown

Total Calls 36,658

Total Puts 25,524

Put/Call Ratio 0.70

Net Difference 11,134

Prior 7-Day Put/Call Summary

Total Calls 124,773

Total Puts 115,194

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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