Tour v526
PANW
PALO ALTO NETWORKS I
$362.09 -5.24%
$356.19 (-1.63%)🌙
as of 09/01 06:00 PM
(9/1 16:00) ◀
|
Tuesday, September 1, 2026 (6:00pm)
January 2026
|
▶
◀ 9/1 18:00

Option Volume

Detail
ℹ
Current (09/01) 129,720
Calls: 59,794 (46%)
Puts: 69,926 (54%)
Prior (08/31) 51,316
Calls: 24,077 (47%)
Puts: 27,239 (53%)
Current vs Prior +152.79%
Calls: +148.34% (Calls)
Puts: +156.71% (Puts)
Prior 7-Day Total 291,283
Calls: 148,850 (51%)
Puts: 142,433 (49%)
Prior 7-Day Average 41,611
Calls: 21,264 (51%)
Puts: 20,347 (49%)
Current vs Prior 7-Day Avg +211.74%
Calls: +181.19%
Puts: +243.66%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (09/01) $159.60M
Calls: $90.42M (57%)
Puts: $69.18M (43%)
Prior (08/31) $130.34M
Calls: $105.53M (81%)
Puts: $24.81M (19%)
Current vs Prior +22.45%
Calls: -14.32%
Puts: +178.89%
Prior 7-Day Total $560.51M
Calls: $408.48M (73%)
Puts: $152.03M (27%)
Prior 7-Day Average $80.07M
Calls: $58.35M (73%)
Puts: $21.72M (27%)
Current vs Prior 7-Day Avg +99.31%
Calls: +54.94%
Puts: +218.52%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/01) 1.17
Prior (08/31) 1.13
Current vs Prior +3.37%
Prior 7-Day Average 1.07
Current vs Prior 7-Day Avg +9.06%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (09/01) 592,952
Calls: 299,067 (50%)
Puts: 293,885 (50%)
Prior (08/31) 569,654
Calls: 289,616 (51%)
Puts: 280,038 (49%)
Current vs Prior +4.09%
Prior 7-Day Total 2,081,276
Calls: 1,130,453 (54%)
Puts: 950,823 (46%)
Prior 7-Day Average 297,325
Calls: 161,493 (54%)
Puts: 135,831 (46%)
Current vs Prior 7-Day Avg +99.43%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 9.95% | 11.30%12.38% | 17.68%
Prior 9.50% | 10.78%12.59% | 17.65%
Current vs Prior +4.75% | +4.77%-1.72% | +0.18%
Prior 7-Day Avg 5.73% | 10.37%9.91% | 17.29%
Current vs 7-Day Avg +73.74% | +8.92%+24.92% | +2.29%
Prior 7-Day Eod 9.50% | 10.78%12.59% | 17.65%
Current vs 7-Day Eod +4.75% | +4.77%-1.72% | +0.18%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 7.40% | 10.27%
Calls: 9.63% | 10.28%
Puts: 5.17% | 10.26%
Prior 7.40% | 11.39%
Calls: 9.63% | 12.56%
Puts: 5.17% | 10.22%
Current vs Prior +0.00% | -9.83%
Prior 7-Day Avg 25.35% | 18.28%
Calls: 24.67% | 17.44%
Puts: 26.03% | 19.13%
Current vs 7-Day Avg -70.81% | -43.83%
Liquidity Expensive
+
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🤖 AI Insights

Dollar volume significantly above 7-day average (99% higher). Unusually high activity with volume up 153% vs prior - elevated interest. Volume explosion - 212% above 7-day average (129,720 vs avg 41,611). Slightly bearish P/C ratio of 1.17.

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 NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 162 of results (avg 7.2%, best 1.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Oct 1631.0031.50$31.251.6%2340.55476
$362.50Sep 417.2517.65$17.452.3%6240.5238
$380.00Sep 1814.5014.90$14.702.7%3560.403.6K
$390.00Sep 47.507.75$7.633.3%2.8K0.291.6K
$365.00Sep 1820.2521.00$20.633.6%770.50332
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$320.00Oct 1610.8511.10$10.982.3%4180.231.3K
$290.00Sep 40.420.43$0.432.3%8190.03375
$360.00Sep 415.8516.25$16.052.5%1.4K0.46502
$320.00Sep 185.605.80$5.703.5%2.0K0.182.2K
$350.00Sep 411.5011.95$11.733.8%1.7K0.36972

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.66, cheapest $0.43)

CALLS (0)
No calls meet the criteria
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Sep 40.420.43$0.432.3%8190.03375
$300.00Sep 40.840.91$0.888.0%3.5K0.05787

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 176 found (avg delta 0.70, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Sep 468.2075.60$71.9010.3%100.9714
$300.00Sep 458.6065.65$62.1311.3%490.958
$302.50Sep 457.7063.10$60.408.9%--0.9424
$305.00Sep 454.0061.40$57.7012.8%10.941
$300.00Sep 1160.5067.00$63.7510.2%30.931
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$425.00Sep 463.3568.55$65.957.9%--0.8924
$430.00Sep 1167.9575.00$71.479.9%--0.8811
$427.50Sep 1165.7072.95$69.3310.5%20.87--
$415.00Sep 452.4560.65$56.5514.5%--0.8512
$430.00Sep 1869.1074.70$71.907.8%--0.8519

Most actively traded options today. High liquidity = easy entry/exit. 402 active (total vol 82.2K, top 3.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Sep 45.205.60$5.407.4%3.5K0.231.7K
$390.00Sep 47.507.75$7.633.3%2.8K0.291.6K
$420.00Sep 42.472.60$2.545.1%2.4K0.121.3K
$425.00Sep 42.052.21$2.137.5%2.1K0.112.0K
$370.00Sep 413.8014.45$14.134.6%1.9K0.46448
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Sep 40.840.91$0.888.0%3.5K0.05787
$330.00Sep 44.805.10$4.956.1%2.5K0.20557
$320.00Sep 42.883.05$2.975.7%2.5K0.131.1K
$325.00Sep 43.653.95$3.807.9%2.3K0.16485
$315.00Sep 42.072.30$2.1810.6%2.1K0.10389

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 65 strikes (avg 104.5%, max 135.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$360.00Sep 4Oct 16133.1%56.5%135.6%1.8K600
$330.00Sep 4Oct 16131.5%56.5%132.7%87526
$370.00Sep 4Oct 16135.7%58.3%132.7%2.1K1.3K
$340.00Sep 4Oct 16132.4%57.0%132.4%56457
$390.00Sep 4Oct 16135.9%58.7%131.4%2.9K2.2K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$360.00Sep 4Oct 16133.1%56.5%135.6%1.5K1.1K
$330.00Sep 4Oct 16131.5%56.5%132.7%2.6K928
$370.00Sep 4Oct 16135.7%58.3%132.7%343774
$340.00Sep 4Oct 16132.4%57.0%132.4%1.4K1.0K
$390.00Sep 4Oct 16135.9%58.7%131.4%26173

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 304 found (best R:R 2.31, avg 3.32)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$370.00$380.00Oct 16$3.02$6.98$3.0250%2.31$373.02
$330.00$340.00Oct 16$5.38$4.62$5.3872%0.86$335.38
$335.00$340.00Oct 2$2.07$2.93$2.0770%1.42$337.07
$300.00$305.00Oct 9$3.03$1.97$3.0387%0.65$303.03
$320.00$325.00Sep 18$2.77$2.23$2.7782%0.81$322.77
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$360.00$357.50Sep 11$0.27$2.23$0.2745%8.26$359.73
$355.00$350.00Sep 25$1.23$3.77$1.2342%3.07$353.77
$340.00$335.00Oct 9$0.95$4.05$0.9533%4.26$339.05
$350.00$345.00Oct 2$1.27$3.73$1.2739%2.94$348.73
$390.00$387.50Sep 4$1.18$1.32$1.1871%1.12$388.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 226 found (best R:R 1.14, avg 0.49)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$362.50$365.00Sep 11$1.98$1.98$0.5247%3.81$364.48
$370.00$375.00Sep 25$2.95$2.95$2.0552%1.44$372.95
$410.00$412.50Sep 11$1.03$1.03$1.4779%0.70$411.03
$425.00$430.00Sep 25$1.25$1.25$3.7581%0.33$426.25
$420.00$425.00Sep 25$1.35$1.35$3.6578%0.37$421.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$350.00$340.00Oct 16$5.32$5.32$4.6861%1.14$344.68
$345.00$340.00Oct 2$3.06$3.06$1.9464%1.58$341.94
$350.00$345.00Oct 9$3.21$3.21$1.7960%1.79$346.79
$345.00$340.00Oct 9$3.04$3.04$1.9664%1.55$341.96
$305.00$300.00Oct 9$1.83$1.83$3.1784%0.58$303.17

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 35 found (avg debit $2.34, cheapest $2.02)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$365.00Sep 4Sep 11$2.02134.7%80.6%
$370.00Sep 4Sep 11$2.12135.7%81.6%
$362.50Sep 4Sep 11$2.70135.8%82.4%
$352.50Sep 4Sep 11$1.80134.4%81.6%
$387.50Sep 4Sep 11$1.95133.7%80.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$365.00Sep 4Sep 11$2.69134.7%80.6%
$370.00Sep 4Sep 11$2.90135.7%81.6%
$362.50Sep 4Sep 11$1.92135.8%82.4%
$352.50Sep 4Sep 11$1.78134.4%81.6%
$385.00Sep 4Sep 11$1.93134.4%82.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 111 found (cheapest 9.53% of stock, avg 12.60%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$360.00Sep 4$18.45$16.05$34.50$325.50$394.509.53%
$355.00Sep 4$20.88$13.70$34.58$320.42$389.589.55%
$357.50Sep 4$19.65$14.95$34.60$322.90$392.109.56%
$362.50Sep 4$17.45$17.58$35.03$327.47$397.539.67%
$365.00Sep 4$16.15$18.98$35.13$329.87$400.139.70%
$367.50Sep 4$14.95$20.20$35.15$332.35$402.659.71%
$347.50Sep 4$24.85$10.38$35.23$312.27$382.739.73%
$350.00Sep 4$23.55$11.73$35.28$314.72$385.289.74%
$352.50Sep 4$22.58$12.70$35.28$317.22$387.789.74%
$370.00Sep 4$14.13$21.90$36.03$333.97$406.039.95%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 6.86% of stock, avg 10.27%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$375.00$352.50Sep 4$12.15$12.70$24.85$327.65$399.85
$375.00$355.00Sep 4$12.15$13.70$25.85$329.15$400.85
$410.00$320.00Oct 16$13.48$10.98$24.46$295.54$434.46
$372.50$352.50Sep 4$12.95$12.70$25.65$326.85$398.15
$372.50$355.00Sep 4$12.95$13.70$26.65$328.35$399.15
$375.00$357.50Sep 4$12.15$14.95$27.10$330.40$402.10
$372.50$357.50Sep 4$12.95$14.95$27.90$329.60$400.40
$410.00$330.00Oct 16$13.48$14.18$27.66$302.34$437.66
$370.00$352.50Sep 4$14.13$12.70$26.83$325.67$396.83
$370.00$355.00Sep 4$14.13$13.70$27.83$327.17$397.83

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 166 found (best R:R 1.86, avg credit $2.41)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
300/305425/430Oct 9$3.25$1.7560%1.86$301.75$428.25
290/295425/430Oct 9$3.02$1.9863%1.53$291.98$428.02
305/310425/430Oct 9$3.27$1.7357%1.89$306.73$428.27
315/320395/400Sep 25$3.70$1.3046%2.85$316.30$398.70
335/340395/400Oct 2$4.11$0.8932%4.62$335.89$399.11
315/320405/410Sep 25$3.10$1.9052%1.63$316.90$408.10
335/340405/410Oct 2$3.74$1.2637%2.97$336.26$408.74
335/340400/405Oct 2$3.82$1.1835%3.24$336.18$403.82
330/335425/430Oct 9$3.30$1.7045%1.94$331.70$428.30
315/320400/405Sep 25$3.03$1.9749%1.54$316.97$403.03

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 188 found (best R:R 89.91, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$390.00$400.00$410.00Oct 9$0.24$9.769%40.67
$400.00$410.00$420.00Sep 18$0.33$9.6710%29.30
$355.00$360.00$365.00Sep 25$0.09$4.917%54.56
$305.00$310.00$315.00Sep 25$0.05$4.955%99.00
$300.00$310.00$320.00Oct 16$0.39$9.618%24.64
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$400.00$410.00$420.00Sep 18$0.11$9.8910%89.91
$390.00$400.00$410.00Sep 18$0.19$9.8111%51.63
$300.00$310.00$320.00Oct 16$0.42$9.588%22.81
$400.00$410.00$420.00Oct 16$0.42$9.588%22.81
$320.00$325.00$330.00Oct 9$0.12$4.885%40.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 60 found (best net $-22.33, 60 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$430.00$432.501:2Sep 4-$1.33$1.17
$425.00$427.501:2Sep 4-$1.57$0.93
$427.50$430.001:2Sep 4-$1.57$0.93
$410.00$420.001:2Sep 18-$3.35$6.65
$420.00$430.001:2Sep 18-$3.00$7.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$427.50$400.001:2Sep 11-$22.33$5.17
$300.00$290.001:2Sep 18-$0.55$9.45
$295.00$292.501:2Sep 4-$0.34$2.16
$292.50$290.001:2Sep 4-$0.38$2.12
$297.50$295.001:2Sep 4-$0.48$2.02

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 118 found (best yield 6.02%, avg 2.87%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$380.00Oct 16$21.800.455.0%6.02%10.97%77331
$400.00Oct 16$15.850.3610.5%4.38%14.85%381867
$390.00Oct 16$18.200.407.7%5.03%12.73%95596
$370.00Oct 16$25.100.502.2%6.93%9.12%153808
$375.00Oct 9$21.800.473.6%6.02%9.59%21
$380.00Oct 9$19.950.445.0%5.51%10.46%512
$410.00Oct 16$12.900.3113.2%3.56%16.79%44425
$385.00Oct 9$18.200.416.3%5.03%11.35%320
$390.00Oct 9$16.600.397.7%4.58%12.29%511
$365.00Oct 9$25.850.520.8%7.14%7.94%77

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 59,794
Total Puts 69,926
Put/Call Ratio 1.17
Net Difference -10,132

Prior's Put/Call Breakdown

Total Calls 24,077
Total Puts 27,239
Put/Call Ratio 1.13
Net Difference -3,162

Prior 7-Day Put/Call Summary

Total Calls 148,850
Total Puts 142,433
Average Put/Call Ratio 1.07
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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