PANW - Options Database

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PALO ALTO NETWORKS I

$374.74 -3.89%

$375.30 (+0.15%)🌙

as of 09/25 06:47 PM

(9/24 18:57) ◀

Friday, September 25, 2026 (6:47pm)

▶

◀ 9/25 18:47

Option Volume

Detail

ℹ

Current (09/25) 48,337

Calls: 27,010 (56%)

Puts: 21,327 (44%)

Prior (09/24) 32,894

Calls: 20,487 (62%)

Puts: 12,407 (38%)

Current vs Prior +46.95%

Calls: +31.84% (Calls)

Puts: +71.89% (Puts)

Prior 7-Day Total 388,473

Calls: 244,311 (63%)

Puts: 144,162 (37%)

Prior 7-Day Average 55,496

Calls: 34,901 (63%)

Puts: 20,594 (37%)

Current vs Prior 7-Day Avg -12.90%

Calls: -22.61%

Puts: +3.56%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/25) $49.79M

Calls: $31.41M (63%)

Puts: $18.38M (37%)

Prior (09/24) $55.30M

Calls: $43.94M (79%)

Puts: $11.37M (21%)

Current vs Prior -9.97%

Calls: -28.50%

Puts: +61.68%

Prior 7-Day Total $608.03M

Calls: $454.21M (75%)

Puts: $153.82M (25%)

Prior 7-Day Average $86.86M

Calls: $64.89M (75%)

Puts: $21.97M (25%)

Current vs Prior 7-Day Avg -42.68%

Calls: -51.59%

Puts: -16.38%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25) 0.79

Prior (09/24) 0.61

Current vs Prior +30.38%

Prior 7-Day Average 0.61

Current vs Prior 7-Day Avg +30.08%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/25) 263,946

Calls: 141,529 (54%)

Puts: 122,417 (46%)

Prior (09/24) 263,066

Calls: 143,873 (55%)

Puts: 119,193 (45%)

Current vs Prior +0.33%

Prior 7-Day Total 2,089,036

Calls: 1,147,238 (55%)

Puts: 941,798 (45%)

Prior 7-Day Average 298,433

Calls: 163,891 (55%)

Puts: 134,542 (45%)

Current vs Prior 7-Day Avg -11.56%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 0.97% | 5.78%10.00% | 18.71%

Prior 2.75% | 6.16%10.19% | 18.53%

Current vs Prior +110.24% | +29.60%-1.89% | +0.93%

Prior 7-Day Avg 4.50% | 7.22%6.29% | 14.76%

Current vs 7-Day Avg +28.57% | +10.60%+59.07% | +26.77%

Prior 7-Day Eod 2.75% | 6.16%10.19% | 18.53%

Current vs 7-Day Eod +110.24% | +29.60%-1.89% | +0.93%

Sentiment BEARISHBULLISH

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 16.06% | 17.39%

Calls: 9.06% | 20.39%

Puts: 23.08% | 14.37%

Current vs 7-Day Avg -9.73% | -9.93%

Liquidity Expensive

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Moderately bullish flow with 63% call dollar volume ($31.41M). P/C ratio rising 30% - 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 NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

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🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

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🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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High Delta

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 27 of results (avg 7.5%, best 2.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$380.00	Oct 16	15.55	15.90	$15.73	2.2%	821	0.48	1.2K
$400.00	Oct 16	8.55	8.95	$8.75	4.6%	2.8K	0.32	2.7K
$390.00	Oct 2	4.45	4.70	$4.58	5.5%	352	0.29	560
$300.00	Sep 25	70.90	75.00	$72.95	5.6%	2	1.00	36
$370.00	Oct 16	19.60	20.95	$20.27	6.7%	100	0.57	1.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Oct 2	4.15	4.40	$4.28	5.8%	549	0.27	250
$390.00	Oct 16	25.30	27.00	$26.15	6.5%	5	0.61	--
$357.50	Oct 2	3.45	3.70	$3.58	7.0%	758	0.23	50
$340.00	Nov 6	10.25	11.00	$10.63	7.1%	19	0.25	2
$375.00	Oct 2	9.65	10.40	$10.03	7.5%	152	0.49	99

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. 141 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$300.00	Sep 25	70.90	75.00	$72.95	5.6%	2	1.00	36
$310.00	Sep 25	61.50	68.15	$64.83	10.3%	19	1.00	29
$315.00	Sep 25	56.15	63.15	$59.65	11.7%	1	1.00	--
$320.00	Sep 25	52.15	58.55	$55.35	11.6%	1	1.00	54
$322.50	Sep 25	50.00	55.65	$52.83	10.7%	1	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$425.00	Sep 25	46.85	53.70	$50.28	13.6%	2	1.00	--
$402.50	Sep 25	25.50	31.75	$28.63	21.8%	15	1.00	10
$405.00	Sep 25	26.85	34.25	$30.55	24.2%	2	1.00	--
$410.00	Sep 25	31.85	39.00	$35.42	20.2%	2	1.00	--
$392.50	Sep 25	14.35	21.75	$18.05	41.0%	78	1.00	81

Most actively traded options today. High liquidity = easy entry/exit. 401 active (total vol 38.2K, top 2.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Oct 16	8.55	8.95	$8.75	4.6%	2.8K	0.32	2.7K
$380.00	Sep 25	0.00	0.01	$0.01	100.0%	2.4K	0.01	649
$400.00	Oct 2	2.32	2.50	$2.41	7.5%	2.1K	0.18	990
$385.00	Sep 25	0.00	0.01	$0.01	100.0%	2.0K	0.00	628
$420.00	Oct 16	4.05	5.30	$4.68	26.7%	1.9K	0.19	1.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$375.00	Sep 25	0.64	1.00	$0.82	43.9%	2.3K	0.57	745
$380.00	Sep 25	4.15	7.85	$6.00	61.7%	830	0.99	355
$365.00	Sep 25	0.00	0.01	$0.01	100.0%	776	0.00	592
$357.50	Oct 2	3.45	3.70	$3.58	7.0%	758	0.23	50
$377.50	Sep 25	1.96	3.40	$2.68	53.7%	624	0.93	102

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 308.6%, max 888.7%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$375.00	Sep 25	Nov 6	57.9%	48.8%	18.6%	610	339

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$362.50	Sep 25	Oct 16	485.3%	49.1%	888.7%	13	176
$375.00	Sep 25	Nov 6	57.9%	48.8%	18.6%	2.3K	745

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 229 found (best R:R 1.94, avg 4.65)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$380.00	$385.00	Oct 23	$1.02	$3.98	$1.02	50%	3.90	$381.02
$342.50	$345.00	Sep 25	$1.20	$1.30	$1.20	100%	1.08	$343.70
$380.00	$385.00	Nov 6	$1.20	$3.80	$1.20	51%	3.17	$381.20
$350.00	$365.00	Oct 30	$8.84	$6.16	$8.84	70%	0.70	$358.84
$385.00	$390.00	Nov 6	$1.28	$3.72	$1.28	49%	2.91	$386.28

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$400.00	$397.50	Sep 25	$0.85	$1.65	$0.85	99%	1.94	$399.15
$375.00	$370.00	Oct 23	$0.68	$4.32	$0.68	47%	6.35	$374.32
$360.00	$355.00	Oct 23	$0.37	$4.63	$0.37	34%	12.51	$359.63
$345.00	$340.00	Nov 6	$0.22	$4.78	$0.22	27%	21.73	$344.78
$382.50	$380.00	Oct 16	$0.67	$1.83	$0.67	54%	2.73	$381.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 180 found (best R:R 1.75, avg 0.49)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$402.50	$405.00	Oct 9	$2.00	$2.00	$0.50	72%	4.00	$404.50
$375.00	$380.00	Oct 23	$3.88	$3.88	$1.12	46%	3.46	$378.88
$407.50	$410.00	Sep 25	$1.12	$1.12	$1.38	90%	0.81	$408.62
$412.50	$415.00	Sep 25	$1.10	$1.10	$1.40	91%	0.79	$413.60
$382.50	$385.00	Oct 16	$1.68	$1.68	$0.82	54%	2.05	$384.18

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$340.00	$335.00	Nov 6	$3.18	$3.18	$1.82	75%	1.75	$336.82
$370.00	$365.00	Oct 23	$3.84	$3.84	$1.16	57%	3.31	$366.16
$320.00	$315.00	Nov 6	$2.07	$2.07	$2.93	85%	0.71	$317.93
$370.00	$360.00	Oct 30	$5.30	$5.30	$4.70	57%	1.13	$364.70
$327.50	$325.00	Sep 25	$1.39	$1.39	$1.11	92%	1.25	$326.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $9.29, cheapest $9.21)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$375.00	Sep 25	Oct 2	$9.37	57.9%	49.0%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$375.00	Sep 25	Oct 2	$9.21	57.9%	49.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 104 found (cheapest 0.35% of stock, avg 8.20%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$375.00	Sep 25	$0.51	$0.82	$1.33	$373.67	$376.33	0.35%
$377.50	Sep 25	$0.06	$2.68	$2.74	$374.76	$380.24	0.73%
$372.50	Sep 25	$2.80	$0.06	$2.86	$369.64	$375.36	0.76%
$370.00	Sep 25	$5.25	$0.06	$5.31	$364.69	$375.31	1.42%
$380.00	Sep 25	$0.01	$6.00	$6.01	$373.99	$386.01	1.60%
$382.50	Sep 25	$0.01	$7.85	$7.86	$374.64	$390.36	2.10%
$367.50	Sep 25	$7.63	$0.52	$8.15	$359.35	$375.65	2.17%
$365.00	Sep 25	$10.03	$0.01	$10.04	$354.96	$375.04	2.68%
$385.00	Sep 25	$0.01	$10.18	$10.19	$374.81	$395.19	2.72%
$387.50	Sep 25	$0.03	$13.15	$13.18	$374.32	$400.68	3.52%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.15% of stock, avg 6.45%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$377.50	$367.50	Sep 25	$0.06	$0.52	$0.58	$366.92	$378.08
$377.50	$357.50	Sep 25	$0.06	$0.71	$0.77	$356.73	$378.27
$377.50	$352.50	Sep 25	$0.06	$1.13	$1.19	$351.31	$378.69
$375.00	$367.50	Sep 25	$0.51	$0.52	$1.03	$366.47	$376.03
$377.50	$327.50	Sep 25	$0.06	$1.46	$1.52	$325.98	$379.02
$377.50	$362.50	Sep 25	$0.06	$1.35	$1.41	$361.09	$378.91
$407.50	$367.50	Sep 25	$1.13	$0.52	$1.65	$365.85	$409.15
$412.50	$367.50	Sep 25	$1.13	$0.52	$1.65	$365.85	$414.15
$430.00	$367.50	Sep 25	$1.13	$0.52	$1.65	$365.85	$431.65
$375.00	$357.50	Sep 25	$0.51	$0.71	$1.22	$356.28	$376.22

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 200 found (best R:R 8.62, avg credit $1.60)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
350/352	408/410	Sep 25	$2.24	$0.26	78%	8.62	$350.26	$409.74
350/352	412/415	Sep 25	$2.22	$0.28	79%	7.93	$350.28	$414.72
335/340	415/420	Oct 30	$4.00	$1.00	46%	4.00	$336.00	$419.00
355/358	408/410	Sep 25	$1.82	$0.68	80%	2.68	$355.68	$409.32
355/358	412/415	Sep 25	$1.80	$0.70	80%	2.57	$355.70	$414.30
335/340	430/435	Oct 30	$3.59	$1.41	54%	2.55	$336.41	$433.59
335/340	425/430	Oct 30	$3.66	$1.34	51%	2.73	$336.34	$428.66
365/368	408/410	Sep 25	$1.63	$0.87	76%	1.87	$365.87	$409.13
365/368	412/415	Sep 25	$1.61	$0.89	76%	1.81	$365.89	$414.11
345/348	398/400	Oct 9	$2.17	$0.33	50%	6.58	$345.33	$399.67

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 154 found (best R:R 14.62, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$370.00	$372.50	$375.00	Sep 25	$0.16	$2.34	53%	14.62
$390.00	$400.00	$410.00	Oct 23	$0.36	$9.64	14%	26.78
$375.00	$377.50	$380.00	Sep 25	$0.40	$2.10	42%	5.25
$425.00	$430.00	$435.00	Oct 30	$0.07	$4.93	6%	70.43
$372.50	$375.00	$377.50	Sep 25	$1.84	$0.66	87%	0.36

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$372.50	$375.00	$377.50	Sep 25	$1.10	$1.40	86%	1.27
$410.00	$420.00	$430.00	Oct 16	$0.37	$9.63	11%	26.03
$370.00	$372.50	$375.00	Sep 25	$0.76	$1.74	53%	2.29
$377.50	$380.00	$382.50	Oct 2	$0.07	$2.43	8%	34.71
$320.00	$325.00	$330.00	Oct 16	$0.09	$4.91	4%	54.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 154 found (best net $-6.85, 132 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$330.00	$355.00	1:2	Oct 9	-$6.85	$18.15
$320.00	$350.00	1:2	Oct 30	-$15.34	$14.66
$335.00	$360.00	1:2	Oct 23	-$12.31	$12.69
$370.00	$372.50	1:2	Sep 25	-$0.35	$2.15
$400.00	$420.00	1:2	Nov 6	-$4.81	$15.19

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$372.50	$370.00	1:2	Sep 25	-$0.06	$2.44
$332.50	$330.00	1:2	Oct 2	-$0.04	$2.46
$327.50	$325.00	1:2	Oct 2	-$0.05	$2.45
$305.00	$300.00	1:2	Sep 25	$0.00	$5.00
$325.00	$320.00	1:2	Oct 9	-$0.21	$4.79

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 90 found (best yield 5.14%, avg 2.08%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$390.00	Nov 6	$19.25	0.46	4.1%	5.14%	9.21%	8	1
$385.00	Nov 6	$20.85	0.49	2.7%	5.56%	8.30%	13	--
$400.00	Nov 6	$15.20	0.40	6.7%	4.06%	10.80%	6	15
$375.00	Nov 6	$24.95	0.54	0.1%	6.66%	6.73%	2	5
$380.00	Nov 6	$22.35	0.51	1.4%	5.96%	7.37%	2	--
$400.00	Oct 30	$13.80	0.38	6.7%	3.68%	10.42%	16	359
$380.00	Oct 30	$20.50	0.50	1.4%	5.47%	6.87%	13	131
$390.00	Oct 30	$16.10	0.44	4.1%	4.30%	8.37%	2	70
$385.00	Oct 30	$17.75	0.47	2.7%	4.74%	7.47%	6	35
$405.00	Oct 30	$11.70	0.35	8.1%	3.12%	11.20%	1	--

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 27,010

Total Puts 21,327

Put/Call Ratio 0.79

Net Difference 5,683

Prior's Put/Call Breakdown

Total Calls 20,487

Total Puts 12,407

Put/Call Ratio 0.61

Net Difference 8,080

Prior 7-Day Put/Call Summary

Total Calls 244,311

Total Puts 144,162

Average Put/Call Ratio 0.61

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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