PANW - Options Database

PANW

PALO ALTO NETWORKS I

$398.50 -1.74%

$399.63 (+0.28%)🌙

as of 10/08 06:35 PM

(10/7 18:38) ◀

Thursday, October 8, 2026 (6:35pm)

▶ (10/12 18:38)

◀ 10/8 18:35 ▶

Option Volume

Detail

ℹ

Current (10/08) 27,409

Calls: 16,487 (60%)

Puts: 10,922 (40%)

Prior (10/07) 25,136

Calls: 11,766 (47%)

Puts: 13,370 (53%)

Current vs Prior +9.04%

Calls: +40.12% (Calls)

Puts: -18.31% (Puts)

Prior 7-Day Total 249,699

Calls: 134,271 (54%)

Puts: 115,428 (46%)

Prior 7-Day Average 35,671

Calls: 19,181 (54%)

Puts: 16,489 (46%)

Current vs Prior 7-Day Avg -23.16%

Calls: -14.05%

Puts: -33.76%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/08) $76.33M

Calls: $63.28M (83%)

Puts: $13.05M (17%)

Prior (10/07) $70.35M

Calls: $54.02M (77%)

Puts: $16.32M (23%)

Current vs Prior +8.50%

Calls: +17.14%

Puts: -20.08%

Prior 7-Day Total $660.36M

Calls: $529.38M (80%)

Puts: $130.97M (20%)

Prior 7-Day Average $94.34M

Calls: $75.63M (80%)

Puts: $18.71M (20%)

Current vs Prior 7-Day Avg -19.09%

Calls: -16.33%

Puts: -30.28%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/08) 0.66

Prior (10/07) 1.14

Current vs Prior -41.70%

Prior 7-Day Average 0.89

Current vs Prior 7-Day Avg -25.35%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/08) 249,918

Calls: 131,592 (53%)

Puts: 118,326 (47%)

Prior (10/07) 267,536

Calls: 135,282 (51%)

Puts: 132,254 (49%)

Current vs Prior -6.59%

Prior 7-Day Total 1,948,288

Calls: 1,068,324 (55%)

Puts: 879,964 (45%)

Prior 7-Day Average 278,326

Calls: 152,617 (55%)

Puts: 125,709 (45%)

Current vs Prior 7-Day Avg -10.21%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 2.28% | 6.13%6.13% | 16.16%

Prior 3.52% | 6.32%6.32% | 16.33%

Current vs Prior -35.05% | -2.99%-2.99% | -0.99%

Prior 7-Day Avg 4.08% | 6.85%7.80% | 17.23%

Current vs 7-Day Avg -43.96% | -10.45%-21.42% | -6.20%

Prior 7-Day Eod 3.52% | 6.32%6.32% | 16.33%

Current vs 7-Day Eod -35.05% | -2.99%-2.99% | -0.99%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 33.98% | 13.73%

Calls: 31.25% | 10.65%

Puts: 36.70% | 16.80%

Prior 33.98% | 13.73%

Calls: 31.25% | 10.65%

Puts: 36.70% | 16.80%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 28.41% | 14.28%

Calls: 24.41% | 12.95%

Puts: 32.41% | 15.61%

Current vs 7-Day Avg +19.59% | -3.86%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 83% of dollar volume in calls ($63.28M) vs puts ($13.05M). Bullish P/C ratio of 0.66. P/C ratio dropping 42% - sentiment shifting bullish.

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 NEUTRAL

7-Day Avg NEUTRAL

Current BULLISH

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

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Tightest Spreads

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Best Value <$1

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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 6 of results (avg 8.1%, best 5.8%)

CALLS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Oct 9	75.55	80.10	$77.82	5.8%	4	1.00	10
$320.00	Nov 20	80.60	86.90	$83.75	7.5%	3	0.90	--
$340.00	Nov 6	60.05	65.90	$62.98	9.3%	10	0.87	1
$345.00	Oct 9	50.65	55.85	$53.25	9.8%	3	1.00	--

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$385.00	Oct 16	5.00	5.40	$5.20	7.7%	88	0.30	112
$460.00	Nov 20	67.20	73.25	$70.22	8.6%	1	0.73	76

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. 104 found (avg delta 0.74, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Oct 9	75.55	80.10	$77.82	5.8%	4	1.00	10
$335.00	Oct 9	59.55	67.55	$63.55	12.6%	2	1.00	--
$340.00	Oct 9	55.35	61.60	$58.48	10.7%	4	1.00	20
$345.00	Oct 9	50.65	55.85	$53.25	9.8%	3	1.00	--
$350.00	Oct 9	45.00	50.00	$47.50	10.5%	12	1.00	60

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$440.00	Oct 9	38.25	45.60	$41.93	17.5%	7	0.98	--
$430.00	Oct 9	28.00	35.60	$31.80	23.9%	5	0.98	34
$422.50	Oct 9	23.05	28.10	$25.58	19.7%	25	0.96	88
$425.00	Oct 9	24.75	30.50	$27.63	20.8%	20	0.96	--
$417.50	Oct 9	16.30	22.50	$19.40	32.0%	10	0.94	84

Most actively traded options today. High liquidity = easy entry/exit. 356 active (total vol 18.6K, top 3.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$450.00	Nov 20	9.45	13.00	$11.23	31.6%	3.2K	0.28	1.2K
$410.00	Oct 9	0.80	1.13	$0.97	34.0%	893	0.16	574
$400.00	Oct 9	3.00	4.10	$3.55	31.0%	566	0.43	508
$405.00	Oct 9	1.64	2.53	$2.09	42.6%	566	0.28	695
$400.00	Oct 16	9.55	11.30	$10.43	16.8%	447	0.49	2.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Oct 9	3.35	6.65	$5.00	66.0%	589	0.57	611
$390.00	Oct 9	1.10	1.60	$1.35	37.0%	420	0.22	1.3K
$380.00	Oct 9	0.14	0.37	$0.26	88.5%	364	0.05	762
$397.50	Oct 9	2.37	5.25	$3.81	75.6%	318	0.48	279
$350.00	Oct 9	0.00	0.02	$0.01	200.0%	249	0.00	299

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 16 strikes (avg 13.6%, max 25.8%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$402.50	Oct 9	Oct 23	58.9%	46.8%	25.8%	415	118
$407.50	Oct 9	Oct 23	57.6%	47.9%	20.3%	111	134
$405.00	Oct 9	Nov 13	60.6%	51.2%	18.4%	567	695
$395.00	Oct 9	Oct 30	51.9%	46.9%	10.8%	36	157
$410.00	Oct 9	Nov 20	59.3%	53.6%	10.6%	927	972

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$402.50	Oct 9	Oct 23	58.9%	46.8%	25.8%	171	154
$407.50	Oct 9	Oct 23	57.6%	47.9%	20.3%	25	67
$405.00	Oct 9	Nov 13	60.6%	51.2%	18.4%	88	210
$387.50	Oct 9	Oct 23	54.3%	47.0%	15.4%	42	156
$392.50	Oct 9	Oct 23	54.1%	48.1%	12.5%	131	175

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 220 found (best R:R 0.62, avg 5.47)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$360.00	$390.00	Nov 13	$18.53	$11.47	$18.53	77%	0.62	$378.53
$400.00	$405.00	Nov 6	$0.70	$4.30	$0.70	51%	6.14	$400.70
$355.00	$360.00	Oct 16	$3.10	$1.90	$3.10	94%	0.61	$358.10
$410.00	$415.00	Nov 6	$0.58	$4.42	$0.58	44%	7.62	$410.58
$450.00	$470.00	Nov 13	$2.34	$17.66	$2.34	24%	7.55	$452.34

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$395.00	$385.00	Nov 13	$3.00	$7.00	$3.00	44%	2.33	$392.00
$410.00	$407.50	Oct 16	$0.77	$1.73	$0.77	66%	2.25	$409.23
$417.50	$415.00	Oct 9	$1.57	$0.93	$1.57	94%	0.59	$415.93
$405.00	$402.50	Oct 16	$0.78	$1.72	$0.78	58%	2.21	$404.22
$420.00	$417.50	Oct 16	$1.27	$1.23	$1.27	76%	0.97	$418.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 177 found (best R:R 2.09, avg 0.53)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$407.50	$410.00	Oct 16	$2.35	$2.35	$0.15	60%	15.67	$409.85
$405.00	$410.00	Nov 6	$3.52	$3.52	$1.48	52%	2.38	$408.52
$440.00	$445.00	Oct 30	$2.27	$2.27	$2.73	75%	0.83	$442.27
$460.00	$465.00	Nov 6	$1.90	$1.90	$3.10	81%	0.61	$461.90
$417.50	$420.00	Oct 23	$1.77	$1.77	$0.73	66%	2.42	$419.27

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$385.00	$380.00	Nov 13	$3.38	$3.38	$1.62	62%	2.09	$381.62
$380.00	$375.00	Oct 30	$2.82	$2.82	$2.18	68%	1.29	$377.18
$355.00	$350.00	Nov 13	$2.19	$2.19	$2.81	79%	0.78	$352.81
$365.00	$360.00	Oct 30	$2.12	$2.12	$2.88	78%	0.74	$362.88
$395.00	$392.50	Oct 16	$2.17	$2.17	$0.33	56%	6.58	$392.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $6.84, cheapest $5.12)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$402.50	Oct 9	Oct 16	$6.67	58.9%	48.5%
$400.00	Oct 9	Oct 16	$6.88	57.3%	48.1%
$395.00	Oct 9	Oct 16	$7.35	51.9%	47.2%
$397.50	Oct 9	Oct 16	$8.00	49.4%	48.7%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$392.50	Oct 9	Oct 16	$5.12	54.1%	42.6%
$402.50	Oct 9	Oct 16	$6.50	58.9%	48.5%
$400.00	Oct 9	Oct 16	$7.33	57.3%	48.1%
$395.00	Oct 9	Oct 16	$6.56	51.9%	47.2%
$397.50	Oct 9	Oct 16	$7.19	49.4%	48.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 85 found (cheapest 1.98% of stock, avg 8.36%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$397.50	Oct 9	$4.10	$3.81	$7.91	$389.59	$405.41	1.98%
$400.00	Oct 9	$3.55	$5.00	$8.55	$391.45	$408.55	2.15%
$395.00	Oct 9	$6.05	$2.89	$8.94	$386.06	$403.94	2.24%
$402.50	Oct 9	$2.73	$6.95	$9.68	$392.82	$412.18	2.43%
$392.50	Oct 9	$8.13	$2.16	$10.29	$382.21	$402.79	2.58%
$405.00	Oct 9	$2.09	$8.27	$10.36	$394.64	$415.36	2.60%
$390.00	Oct 9	$9.88	$1.35	$11.23	$378.77	$401.23	2.82%
$407.50	Oct 9	$1.31	$10.38	$11.69	$395.81	$419.19	2.93%
$410.00	Oct 9	$0.97	$13.10	$14.07	$395.93	$424.07	3.53%
$385.00	Oct 9	$14.60	$0.64	$15.24	$369.76	$400.24	3.82%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.49% of stock, avg 6.55%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$410.00	$387.50	Oct 9	$0.97	$0.97	$1.94	$385.56	$411.94
$407.50	$387.50	Oct 9	$1.31	$0.97	$2.28	$385.22	$409.78
$410.00	$390.00	Oct 9	$0.97	$1.35	$2.32	$387.68	$412.32
$407.50	$390.00	Oct 9	$1.31	$1.35	$2.66	$387.34	$410.16
$405.00	$387.50	Oct 9	$2.09	$0.97	$3.06	$384.44	$408.06
$405.00	$390.00	Oct 9	$2.09	$1.35	$3.44	$386.56	$408.44
$410.00	$392.50	Oct 9	$0.97	$2.16	$3.13	$389.37	$413.13
$407.50	$392.50	Oct 9	$1.31	$2.16	$3.47	$389.03	$410.97
$405.00	$392.50	Oct 9	$2.09	$2.16	$4.25	$388.25	$409.25
$402.50	$387.50	Oct 9	$2.73	$0.97	$3.70	$383.80	$406.20

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 284 found (best R:R 7.20, avg credit $1.76)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
360/365	440/445	Oct 30	$4.39	$0.61	53%	7.20	$360.61	$444.39
350/355	435/440	Nov 13	$4.34	$0.66	47%	6.58	$350.66	$439.34
340/345	435/440	Nov 13	$3.90	$1.10	51%	3.55	$341.10	$438.90
360/365	430/435	Oct 30	$3.92	$1.08	49%	3.63	$361.08	$433.92
375/380	435/440	Nov 13	$4.72	$0.28	33%	16.86	$375.28	$439.72
360/365	450/455	Oct 30	$3.34	$1.66	58%	2.01	$361.66	$453.34
350/355	440/445	Oct 30	$3.17	$1.83	60%	1.73	$351.83	$443.17
325/330	440/445	Oct 30	$2.68	$2.32	69%	1.16	$327.32	$442.68
335/340	440/445	Oct 30	$2.82	$2.18	66%	1.29	$337.18	$442.82
350/360	440/450	Nov 20	$7.00	$3.00	40%	2.33	$353.00	$447.00

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 133 found (best R:R 57.82, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$380.00	$390.00	$400.00	Nov 20	$0.32	$9.68	11%	30.25
$390.00	$395.00	$400.00	Oct 23	$0.09	$4.91	10%	54.56
$380.00	$385.00	$390.00	Oct 23	$0.08	$4.92	10%	61.50
$392.50	$395.00	$397.50	Oct 9	$0.13	$2.37	19%	18.23
$365.00	$380.00	$395.00	Oct 30	$1.87	$13.13	22%	7.02

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$370.00	$380.00	$390.00	Nov 20	$0.17	$9.83	11%	57.82
$390.00	$400.00	$410.00	Nov 20	$0.19	$9.81	11%	51.63
$385.00	$387.50	$390.00	Oct 9	$0.05	$2.45	11%	49.00
$330.00	$340.00	$350.00	Nov 20	$0.34	$9.66	8%	28.41
$392.50	$395.00	$397.50	Oct 9	$0.19	$2.31	18%	12.16

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 158 found (best net $-3.48, 144 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$340.00	$380.00	1:2	Nov 6	-$3.48	$36.52
$330.00	$360.00	1:2	Oct 23	-$13.65	$16.35
$320.00	$360.00	1:2	Nov 20	-$21.75	$18.25
$360.00	$390.00	1:2	Nov 13	-$11.72	$18.28
$450.00	$470.00	1:2	Nov 13	-$3.52	$16.48

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$330.00	$320.00	1:2	Nov 6	-$0.38	$9.62
$392.50	$390.00	1:2	Oct 9	-$0.54	$1.96
$382.50	$380.00	1:2	Oct 9	-$0.09	$2.41
$345.00	$340.00	1:2	Oct 9	-$0.02	$4.98
$330.00	$320.00	1:2	Oct 9	-$0.03	$9.97

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 94 found (best yield 7.03%, avg 1.69%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Nov 20	$28.00	0.53	0.4%	7.03%	7.40%	34	1.8K
$410.00	Nov 20	$22.35	0.48	2.9%	5.61%	8.49%	34	398
$420.00	Nov 20	$18.55	0.43	5.4%	4.65%	10.05%	216	653
$430.00	Nov 20	$15.15	0.38	7.9%	3.80%	11.71%	64	551
$440.00	Nov 20	$12.25	0.34	10.4%	3.07%	13.49%	15	989
$460.00	Nov 20	$9.20	0.27	15.4%	2.31%	17.74%	17	666
$400.00	Nov 13	$23.50	0.53	0.4%	5.90%	6.27%	50	12
$470.00	Nov 20	$7.60	0.23	17.9%	1.91%	19.85%	17	592
$450.00	Nov 20	$9.45	0.28	12.9%	2.37%	15.29%	3.2K	1.2K
$405.00	Nov 13	$19.80	0.50	1.6%	4.97%	6.60%	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 16,487

Total Puts 10,922

Put/Call Ratio 0.66

Net Difference 5,565

Prior's Put/Call Breakdown

Total Calls 11,766

Total Puts 13,370

Put/Call Ratio 1.14

Net Difference -1,604

Prior 7-Day Put/Call Summary

Total Calls 134,271

Total Puts 115,428

Average Put/Call Ratio 0.89

Ratio Trend Falling

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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