Tour v528
PANW
PALO ALTO NETWORKS I
$389.92 -0.86%
$389.20 (-0.18%)🌙
as of 09/24 06:57 PM
(9/21 18:52) ◀
|
Thursday, September 24, 2026 (6:57pm)
January 2026
|
▶ (9/25 18:47)
◀ 9/24 18:57 ▶

Option Volume

Detail
ℹ
Current (09/24) 32,894
Calls: 20,487 (62%)
Puts: 12,407 (38%)
Prior (09/21) 43,239
Calls: 30,518 (71%)
Puts: 12,721 (29%)
Current vs Prior -23.93%
Calls: -32.87% (Calls)
Puts: -2.47% (Puts)
Prior 7-Day Total 378,154
Calls: 236,088 (62%)
Puts: 142,066 (38%)
Prior 7-Day Average 54,022
Calls: 33,726 (62%)
Puts: 20,295 (38%)
Current vs Prior 7-Day Avg -39.11%
Calls: -39.26%
Puts: -38.87%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (09/24) $55.30M
Calls: $43.94M (79%)
Puts: $11.37M (21%)
Prior (09/21) $76.13M
Calls: $60.19M (79%)
Puts: $15.95M (21%)
Current vs Prior -27.36%
Calls: -27.00%
Puts: -28.72%
Prior 7-Day Total $589.59M
Calls: $434.74M (74%)
Puts: $154.85M (26%)
Prior 7-Day Average $84.23M
Calls: $62.11M (74%)
Puts: $22.12M (26%)
Current vs Prior 7-Day Avg -34.34%
Calls: -29.26%
Puts: -48.62%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/24) 0.61
Prior (09/21) 0.42
Current vs Prior +45.29%
Prior 7-Day Average 0.64
Current vs Prior 7-Day Avg -5.46%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (09/24) 263,066
Calls: 143,873 (55%)
Puts: 119,193 (45%)
Prior (09/21) 252,408
Calls: 141,272 (56%)
Puts: 111,136 (44%)
Current vs Prior +4.22%
Prior 7-Day Total 2,064,599
Calls: 1,137,213 (55%)
Puts: 927,386 (45%)
Prior 7-Day Average 294,942
Calls: 162,459 (55%)
Puts: 132,483 (45%)
Current vs Prior 7-Day Avg -10.81%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)
Current 2.75% | 6.16%10.19% | 18.53%
Prior 4.87% | 7.46%10.85% | 18.73%
Current vs Prior -43.53% | -17.38%-6.03% | -1.04%
Prior 7-Day Avg 4.61% | 7.23%5.72% | 14.00%
Current vs 7-Day Avg -40.36% | -14.73%+78.32% | +32.37%
Prior 7-Day Eod 4.87% | 7.46%10.85% | 18.73%
Current vs 7-Day Eod -43.53% | -17.38%-6.03% | -1.04%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 14.50% | 15.66%
Calls: 7.31% | 18.69%
Puts: 21.70% | 12.62%
Prior 14.50% | 15.66%
Calls: 7.31% | 18.69%
Puts: 21.70% | 12.62%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 16.84% | 18.25%
Calls: 9.93% | 21.24%
Puts: 23.77% | 15.25%
Current vs 7-Day Avg -13.92% | -14.19%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($43.94M) vs puts ($11.37M). Bullish P/C ratio of 0.61. P/C ratio rising 45% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 11 of results (avg 8.0%, best 4.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$320.00Oct 1669.8072.65$71.224.0%20.95316
$400.00Oct 1615.0015.95$15.486.1%3020.452.8K
$450.00Oct 163.653.90$3.786.6%5730.155.4K
$330.00Oct 1662.3567.15$64.757.4%3250.92749
$337.50Oct 1654.3559.10$56.738.4%270.88--
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.93, cheapest $0.93)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$330.00Oct 90.841.02$0.9319.4%120.05441

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 112 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$315.00Sep 2570.8579.45$75.1511.4%11.0012
$320.00Sep 2568.0574.60$71.329.2%11.0055
$325.00Sep 2562.7569.50$66.1310.2%11.00--
$330.00Sep 2555.8564.45$60.1514.3%321.0066
$335.00Sep 2551.5559.60$55.5814.5%41.00202
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$430.00Sep 2535.6543.30$39.4719.4%30.991
$420.00Sep 2525.8533.30$29.5825.2%40.98--
$450.00Oct 1658.7566.45$62.6012.3%20.85--
$435.00Oct 944.9551.45$48.2013.5%20.83--
$400.00Sep 257.0012.65$9.8257.5%300.8110

Most actively traded options today. High liquidity = easy entry/exit. 359 active (total vol 22.3K, top 2.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Sep 251.141.30$1.2213.1%2.6K0.192.2K
$395.00Sep 252.162.49$2.3314.2%1.4K0.32491
$415.00Sep 250.140.20$0.1735.3%7510.03238
$395.00Oct 28.8010.50$9.6517.6%6910.46490
$450.00Oct 163.653.90$3.786.6%5730.155.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Sep 250.711.39$1.0564.8%6910.18214
$390.00Sep 253.855.10$4.4728.0%5600.51145
$350.00Oct 164.505.05$4.7811.5%3970.172.4K
$375.00Sep 250.280.62$0.4575.6%3650.09615
$365.00Sep 250.060.26$0.16125.0%3410.03427

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 10.7%, max 19.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$392.50Sep 25Oct 1659.8%50.1%19.4%587465
$395.00Sep 25Oct 3057.4%51.2%12.1%1.4K665
$400.00Sep 25Nov 659.3%53.1%11.7%2.6K2.2K
$390.00Sep 25Nov 655.4%50.0%10.8%194590
$380.00Sep 25Oct 3054.9%49.8%10.3%314861
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$392.50Sep 25Oct 1659.8%50.1%19.4%16265
$400.00Sep 25Nov 659.3%53.1%11.7%3810
$390.00Sep 25Nov 655.4%50.0%10.8%573145
$395.00Sep 25Oct 2357.4%52.1%10.1%5465
$380.00Sep 25Nov 654.9%50.5%8.7%692214

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 213 found (best R:R 32.33, avg 5.79)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$440.00$450.00Nov 6$0.30$9.70$0.3028%32.33$440.30
$320.00$325.00Oct 16$2.75$2.25$2.7595%0.82$322.75
$420.00$425.00Oct 30$0.23$4.77$0.2336%20.74$420.23
$350.00$365.00Oct 30$9.97$5.03$9.9779%0.50$359.97
$377.50$380.00Oct 2$0.53$1.97$0.5370%3.72$378.03
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$400.00$395.00Oct 23$1.60$3.40$1.6054%2.12$398.40
$330.00$320.00Nov 6$0.18$9.82$0.1812%54.56$329.82
$400.00$397.50Sep 25$1.12$1.38$1.1281%1.23$398.88
$382.50$380.00Oct 9$0.25$2.25$0.2540%9.00$382.25
$385.00$370.00Oct 23$4.68$10.32$4.6843%2.21$380.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 176 found (best R:R 1.63, avg 0.56)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$395.00$397.50Oct 2$2.25$2.25$0.2554%9.00$397.25
$392.50$395.00Oct 2$2.33$2.33$0.1750%13.71$394.83
$412.50$415.00Oct 16$1.70$1.70$0.8063%2.13$414.20
$430.00$440.00Oct 30$3.50$3.50$6.5068%0.54$433.50
$455.00$460.00Oct 30$1.60$1.60$3.4078%0.47$456.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$345.00$340.00Nov 6$3.10$3.10$1.9079%1.63$341.90
$345.00$340.00Oct 23$2.58$2.58$2.4281%1.07$342.42
$355.00$352.50Oct 9$1.86$1.86$0.6482%2.91$353.14
$360.00$355.00Oct 23$2.35$2.35$2.6574%0.89$357.65
$375.00$360.00Nov 6$5.90$5.90$9.1063%0.65$369.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $7.00, cheapest $6.21)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$390.00Sep 25Oct 2$7.7055.4%48.3%
$395.00Sep 25Oct 2$7.3257.4%50.3%
$392.50Sep 25Oct 2$8.5859.8%55.6%
$387.50Sep 25Oct 2$7.1048.8%47.7%
$385.00Sep 25Oct 2$6.0548.1%51.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$390.00Sep 25Oct 2$6.2155.4%48.3%
$395.00Sep 25Oct 2$6.9757.4%50.3%
$392.50Sep 25Oct 2$6.5059.8%55.6%
$387.50Sep 25Oct 2$6.4948.8%47.7%
$385.00Sep 25Oct 2$7.0948.1%51.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 76 found (cheapest 2.21% of stock, avg 8.28%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$390.00Sep 25$4.15$4.47$8.62$381.38$398.622.21%
$395.00Sep 25$2.33$6.55$8.88$386.12$403.882.28%
$392.50Sep 25$3.40$5.53$8.93$383.57$401.432.29%
$387.50Sep 25$6.25$2.83$9.08$378.42$396.582.33%
$385.00Sep 25$7.63$1.86$9.49$375.51$394.492.43%
$397.50Sep 25$1.71$8.70$10.41$387.09$407.912.67%
$382.50Sep 25$9.23$1.59$10.82$371.68$393.322.77%
$400.00Sep 25$1.22$9.82$11.04$388.96$411.042.83%
$380.00Sep 25$11.10$1.05$12.15$367.85$392.153.12%
$377.50Sep 25$13.15$0.63$13.78$363.72$391.283.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.47% of stock, avg 6.79%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$400.00$377.50Sep 25$1.22$0.63$1.85$375.65$401.85
$400.00$380.00Sep 25$1.22$1.05$2.27$377.73$402.27
$397.50$377.50Sep 25$1.71$0.63$2.34$375.16$399.84
$400.00$382.50Sep 25$1.22$1.59$2.81$379.69$402.81
$397.50$380.00Sep 25$1.71$1.05$2.76$377.24$400.26
$397.50$382.50Sep 25$1.71$1.59$3.30$379.20$400.80
$400.00$385.00Sep 25$1.22$1.86$3.08$381.92$403.08
$395.00$377.50Sep 25$2.33$0.63$2.96$374.54$397.96
$397.50$385.00Sep 25$1.71$1.86$3.57$381.43$401.07
$395.00$380.00Sep 25$2.33$1.05$3.38$376.62$398.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 285 found (best R:R 40.67, avg credit $1.64)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
340/345450/455Nov 6$4.88$0.1253%40.67$340.12$454.88
340/345455/460Oct 23$3.43$1.5762%2.18$341.57$458.43
340/345445/450Oct 23$3.43$1.5759%2.18$341.57$448.43
330/335450/455Nov 6$3.37$1.6359%2.07$331.63$453.37
352/355410/415Oct 9$3.78$1.2249%3.10$351.22$413.78
340/345440/445Oct 23$3.12$1.8858%1.66$341.88$443.12
352/355420/425Oct 9$3.14$1.8657%1.69$351.86$423.14
355/360455/460Oct 23$3.20$1.8055%1.78$356.80$458.20
355/360445/450Oct 23$3.20$1.8053%1.78$356.80$448.20
355/360450/455Nov 6$3.45$1.5545%2.23$356.55$453.45

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 125 found (best R:R 34.71, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$397.50$400.00$402.50Sep 25$0.07$2.4312%34.71
$395.00$397.50$400.00Sep 25$0.13$2.3713%18.23
$415.00$420.00$425.00Oct 16$0.11$4.896%44.45
$392.50$395.00$397.50Oct 2$0.08$2.428%30.25
$382.50$385.00$387.50Sep 25$0.22$2.2816%10.36
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$345.00$350.00$355.00Nov 6$0.08$4.925%61.50
$377.50$380.00$382.50Sep 25$0.12$2.3813%19.83
$377.50$380.00$382.50Oct 2$0.05$2.457%49.00
$340.00$345.00$350.00Oct 30$0.08$4.925%61.50
$325.00$330.00$335.00Oct 23$0.06$4.943%82.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 136 found (best net $-5.56, 127 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$345.00$380.001:2Oct 23-$4.95$30.05
$420.00$440.001:2Nov 6-$4.03$15.97
$455.00$467.501:2Oct 2-$0.37$12.13
$415.00$417.501:2Sep 25-$0.01$2.49
$410.00$412.501:2Sep 25-$0.07$2.43
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$450.00$415.001:2Oct 16-$5.56$29.44
$420.00$390.001:2Oct 30-$4.27$25.73
$330.00$320.001:2Oct 9-$0.13$9.87
$380.00$377.501:2Sep 25-$0.21$2.29
$317.50$315.001:2Oct 2-$0.01$2.49

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 99 found (best yield 4.13%, avg 2.06%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$420.00Nov 6$16.100.397.7%4.13%11.84%3--
$400.00Nov 6$20.950.492.6%5.37%7.96%22--
$390.00Nov 6$25.700.540.0%6.59%6.61%1--
$405.00Nov 6$18.350.463.9%4.71%8.57%2--
$410.00Nov 6$16.400.435.2%4.21%9.36%3--
$415.00Nov 6$14.650.416.4%3.76%10.19%1--
$400.00Oct 30$19.500.482.6%5.00%7.59%209--
$425.00Oct 30$11.950.359.0%3.06%12.06%222
$390.00Oct 30$24.050.550.0%6.17%6.19%469
$415.00Oct 30$14.150.396.4%3.63%10.06%125

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 20,487
Total Puts 12,407
Put/Call Ratio 0.61
Net Difference 8,080

Prior's Put/Call Breakdown

Total Calls 30,518
Total Puts 12,721
Put/Call Ratio 0.42
Net Difference 17,797

Prior 7-Day Put/Call Summary

Total Calls 236,088
Total Puts 142,066
Average Put/Call Ratio 0.64
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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