PANW - Options Database

PANW

PALO ALTO NETWORKS I

$357.67 -4.40%

(8/18 18:53) ◀

Wednesday, August 19, 2026 (1:00pm)

▶ (8/19 14:01)

◀ 8/19 13:01 ▶

Option Volume

Detail

ℹ

Current (08/19 1:00pm) 21,789

Calls: 10,011 (46%)

Puts: 11,778 (54%)

Prior (08/03) 22,604

Calls: 12,564 (56%)

Puts: 10,040 (44%)

Current vs Prior -3.61%

Calls: -20.32% (Calls)

Puts: +17.31% (Puts)

Prior 7-Day Total 278,783

Calls: 151,861 (54%)

Puts: 126,922 (46%)

Prior 7-Day Average 39,826

Calls: 21,694 (54%)

Puts: 18,131 (46%)

Current vs Prior 7-Day Avg -45.29%

Calls: -53.85%

Puts: -35.04%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/19 1:00pm) $34.27M

Calls: $24.10M (70%)

Puts: $10.18M (30%)

Prior (08/03) $22.94M

Calls: $17.27M (75%)

Puts: $5.67M (25%)

Current vs Prior +49.39%

Calls: +39.49%

Puts: +79.55%

Prior 7-Day Total $386.66M

Calls: $293.04M (76%)

Puts: $93.61M (24%)

Prior 7-Day Average $55.24M

Calls: $41.86M (76%)

Puts: $13.37M (24%)

Current vs Prior 7-Day Avg -37.95%

Calls: -42.44%

Puts: -23.90%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/19 1:00pm) 1.18

Prior (08/03) 0.80

Current vs Prior +47.23%

Prior 7-Day Average 0.80

Current vs Prior 7-Day Avg +46.33%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/19 1:00pm) 606,128

Calls: 302,906 (50%)

Puts: 303,222 (50%)

Prior (08/03) 550,545

Calls: 281,674 (51%)

Puts: 268,871 (49%)

Current vs Prior +10.10%

Prior 7-Day Total 3,995,764

Calls: 2,031,539 (51%)

Puts: 1,964,225 (49%)

Prior 7-Day Average 570,823

Calls: 290,219 (51%)

Puts: 280,603 (49%)

Current vs Prior 7-Day Avg +6.18%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)

Current 3.94% | 7.15%3.94% | 15.46%

Prior 5.51% | 5.07%5.07% | 18.15%

Current vs Prior -28.48% | +41.06%-22.25% | -14.87%

Prior 7-Day Avg 7.68% | 9.73%10.02% | 19.28%

Current vs 7-Day Avg -48.65% | -26.49%-60.66% | -19.84%

Prior 7-Day Eod 5.51% | 5.07%4.31% | 15.23%

Current vs 7-Day Eod -28.48% | +41.06%-8.50% | +1.45%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.66% | 15.87%

Calls: 24.34% | 13.85%

Puts: 12.98% | 17.89%

Prior 33.45% | 18.66%

Calls: 41.71% | 21.78%

Puts: 25.18% | 15.53%

Current vs Prior -44.22% | -14.95%

Prior 7-Day Avg 16.60% | 14.36%

Calls: 17.92% | 13.71%

Puts: 15.28% | 15.02%

Current vs 7-Day Avg +12.41% | +10.49%

Liquidity Expensive

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Moderately bullish flow with 70% call dollar volume ($24.10M). Slightly bearish P/C ratio of 1.18. P/C ratio rising 47% - 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 NEUTRAL

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BEARISH	BEARISH
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:35	BULLISH	BULLISH	BULLISH
10:30	BULLISH	BULLISH	BULLISH
10:25	BULLISH	BULLISH	BULLISH
10:20	BULLISH	BULLISH	BULLISH
10:15	BULLISH	BULLISH	BULLISH
10:10	BULLISH	BULLISH	BULLISH
10:05	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	BULLISH
09:55	BULLISH	BULLISH	BULLISH
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	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

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 88 of results (avg 7.1%, best 2.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Sep 18	29.25	29.95	$29.60	2.4%	44	0.58	799
$360.00	Sep 18	24.30	24.90	$24.60	2.4%	53	0.52	1.6K
$360.00	Sep 11	22.50	23.10	$22.80	2.6%	2	0.52	8
$380.00	Sep 18	16.30	16.90	$16.60	3.6%	60	0.40	3.4K
$370.00	Sep 11	17.95	18.95	$18.45	5.4%	34	0.45	15

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Sep 18	25.35	26.00	$25.68	2.5%	71	0.48	679
$360.00	Sep 11	23.85	24.50	$24.18	2.7%	35	0.48	53
$370.00	Sep 18	30.80	31.70	$31.25	2.9%	61	0.54	481
$340.00	Sep 18	15.95	16.45	$16.20	3.1%	134	0.35	1.5K
$350.00	Sep 18	20.30	20.95	$20.63	3.2%	49	0.41	413

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 0.74, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$290.00	Aug 21	66.80	71.70	$69.25	7.1%	10	1.00	459
$300.00	Aug 21	56.90	61.35	$59.13	7.5%	103	1.00	1.7K
$310.00	Aug 21	46.05	51.35	$48.70	10.9%	12	0.99	644
$312.50	Aug 21	44.30	49.40	$46.85	10.9%	5	0.99	2
$315.00	Aug 21	41.75	47.05	$44.40	11.9%	1	0.99	15

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$392.50	Aug 21	31.15	37.05	$34.10	17.3%	1	1.00	6
$395.00	Aug 21	33.55	38.55	$36.05	13.9%	30	1.00	163
$397.50	Aug 21	35.90	40.95	$38.42	13.1%	--	1.00	12
$400.00	Aug 21	41.00	43.90	$42.45	6.8%	--	1.00	56
$405.00	Aug 21	43.60	48.85	$46.23	11.4%	--	1.00	21

Most actively traded options today. High liquidity = easy entry/exit. 304 active (total vol 13.1K, top 705)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Aug 21	0.05	0.12	$0.09	77.8%	642	0.01	1.7K
$420.00	Sep 18	6.60	7.35	$6.98	10.7%	462	0.21	2.8K
$375.00	Aug 21	1.20	1.61	$1.41	29.1%	392	0.16	248
$360.00	Aug 21	5.00	6.00	$5.50	18.2%	303	0.46	843
$380.00	Aug 21	0.65	0.91	$0.78	33.3%	268	0.10	952

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$362.50	Aug 21	8.30	9.40	$8.85	12.4%	705	0.60	651
$355.00	Aug 21	4.45	5.00	$4.72	11.7%	578	0.41	348
$300.00	Aug 28	0.27	0.53	$0.40	65.0%	409	0.03	538
$352.50	Aug 21	3.80	4.15	$3.98	8.8%	366	0.35	388
$365.00	Aug 21	10.00	11.05	$10.53	10.0%	227	0.66	400

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 5.4%, max 10.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$357.50	Aug 21	Aug 28	58.4%	52.9%	10.4%	120	68
$352.50	Aug 21	Aug 28	59.0%	53.6%	10.0%	39	47
$360.00	Aug 21	Oct 2	58.4%	57.0%	2.4%	308	844
$375.00	Aug 21	Oct 2	60.2%	59.3%	1.5%	393	259
$355.00	Aug 21	Oct 2	56.6%	55.9%	1.3%	43	102

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$357.50	Aug 21	Aug 28	58.4%	52.9%	10.4%	87	285
$352.50	Aug 21	Aug 28	59.0%	53.6%	10.0%	376	445
$347.50	Aug 21	Aug 28	58.5%	54.3%	7.7%	121	333
$345.00	Aug 21	Oct 2	59.1%	55.4%	6.6%	159	184
$350.00	Aug 21	Oct 2	57.0%	55.1%	3.4%	99	647

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 235 found (best R:R 0.69, avg 4.01)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$325.00	$350.00	Sep 25	$14.82	$10.18	$14.82	74%	0.69	$339.82
$360.00	$365.00	Sep 11	$1.32	$3.68	$1.32	52%	2.79	$361.32
$325.00	$345.00	Sep 11	$12.95	$7.05	$12.95	75%	0.54	$337.95
$325.00	$340.00	Oct 2	$9.27	$5.73	$9.27	72%	0.62	$334.27
$340.00	$355.00	Oct 2	$8.08	$6.92	$8.08	65%	0.86	$348.08

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$382.50	$380.00	Aug 28	$1.20	$1.30	$1.20	77%	1.08	$381.30
$380.00	$375.00	Sep 11	$2.30	$2.70	$2.30	61%	1.17	$377.70
$390.00	$385.00	Sep 4	$2.80	$2.20	$2.80	68%	0.79	$387.20
$340.00	$335.00	Oct 2	$1.15	$3.85	$1.15	36%	3.35	$338.85
$375.00	$372.50	Sep 4	$0.98	$1.52	$0.98	59%	1.55	$374.02

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 179 found (best R:R 1.07, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$365.00	$370.00	Sep 11	$3.03	$3.03	$1.97	51%	1.54	$368.03
$367.50	$370.00	Sep 4	$1.62	$1.62	$0.88	54%	1.84	$369.12
$402.50	$405.00	Sep 4	$0.85	$0.85	$1.65	75%	0.52	$403.35
$370.00	$372.50	Sep 4	$1.30	$1.30	$1.20	56%	1.08	$371.30
$362.50	$365.00	Aug 21	$1.13	$1.13	$1.37	60%	0.82	$363.63

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$335.00	$330.00	Sep 25	$2.58	$2.58	$2.42	67%	1.07	$332.42
$325.00	$320.00	Oct 2	$2.25	$2.25	$2.75	72%	0.82	$322.75
$355.00	$350.00	Oct 2	$2.91	$2.91	$2.09	56%	1.39	$352.09
$335.00	$325.00	Oct 2	$3.70	$3.70	$6.30	67%	0.59	$331.30
$340.00	$330.00	Sep 18	$3.85	$3.85	$6.15	65%	0.63	$336.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $5.66, cheapest $5.35)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$362.50	Aug 21	Aug 28	$5.97	59.9%	54.2%
$357.50	Aug 21	Aug 28	$6.22	58.4%	52.9%
$352.50	Aug 21	Aug 28	$5.90	59.0%	53.6%
$360.00	Aug 21	Aug 28	$6.33	58.4%	54.6%
$355.00	Aug 21	Aug 28	$6.13	56.6%	53.1%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$362.50	Aug 21	Aug 28	$5.35	59.9%	54.2%
$357.50	Aug 21	Aug 28	$5.22	58.4%	52.9%
$352.50	Aug 21	Aug 28	$5.15	59.0%	53.6%
$360.00	Aug 21	Aug 28	$5.26	58.4%	54.6%
$355.00	Aug 21	Aug 28	$5.41	56.6%	53.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 95 found (cheapest 3.58% of stock, avg 10.34%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$355.00	Aug 21	$8.07	$4.72	$12.79	$342.21	$367.79	3.58%
$360.00	Aug 21	$5.50	$7.32	$12.82	$347.18	$372.82	3.58%
$357.50	Aug 21	$6.78	$6.08	$12.86	$344.64	$370.36	3.60%
$362.50	Aug 21	$4.63	$8.85	$13.48	$349.02	$375.98	3.77%
$352.50	Aug 21	$9.63	$3.98	$13.61	$338.89	$366.11	3.81%
$365.00	Aug 21	$3.50	$10.53	$14.03	$350.97	$379.03	3.92%
$350.00	Aug 21	$11.25	$2.93	$14.18	$335.82	$364.18	3.96%
$367.50	Aug 21	$2.74	$12.45	$15.19	$352.31	$382.69	4.25%
$347.50	Aug 21	$13.53	$2.36	$15.89	$331.61	$363.39	4.44%
$370.00	Aug 21	$2.11	$14.33	$16.44	$353.56	$386.44	4.60%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.25% of stock, avg 8.45%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$370.00	$347.50	Aug 21	$2.11	$2.36	$4.47	$343.03	$374.47
$367.50	$347.50	Aug 21	$2.74	$2.36	$5.10	$342.40	$372.60
$370.00	$350.00	Aug 21	$2.11	$2.93	$5.04	$344.96	$375.04
$367.50	$350.00	Aug 21	$2.74	$2.93	$5.67	$344.33	$373.17
$365.00	$347.50	Aug 21	$3.50	$2.36	$5.86	$341.64	$370.86
$365.00	$350.00	Aug 21	$3.50	$2.93	$6.43	$343.57	$371.43
$370.00	$352.50	Aug 21	$2.11	$3.98	$6.09	$346.41	$376.09
$367.50	$352.50	Aug 21	$2.74	$3.98	$6.72	$345.78	$374.22
$365.00	$352.50	Aug 21	$3.50	$3.98	$7.48	$345.02	$372.48
$370.00	$355.00	Aug 21	$2.11	$4.72	$6.83	$348.17	$376.83

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 241 found (best R:R 4.56, avg credit $1.83)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
330/335	405/410	Sep 25	$4.10	$0.90	38%	4.56	$330.90	$409.10
320/325	420/425	Oct 2	$3.43	$1.57	47%	2.18	$321.57	$423.43
330/335	395/400	Sep 25	$4.11	$0.89	33%	4.62	$330.89	$399.11
330/335	400/405	Sep 25	$3.73	$1.27	36%	2.94	$331.27	$403.73
300/305	420/425	Oct 2	$2.65	$2.35	56%	1.13	$302.35	$422.65
320/325	400/405	Oct 2	$3.45	$1.55	39%	2.23	$321.55	$403.45
295/300	410/415	Sep 11	$2.19	$2.81	64%	0.78	$297.81	$412.19
325/330	405/410	Sep 25	$3.32	$1.68	41%	1.98	$326.68	$408.32
295/300	420/425	Oct 2	$2.36	$2.64	59%	0.89	$297.64	$422.36
302/305	375/378	Aug 21	$0.74	$1.76	81%	0.42	$304.26	$375.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 163 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$370.00	$380.00	$390.00	Sep 18	$0.11	$9.89	11%	89.91
$350.00	$360.00	$370.00	Sep 18	$0.28	$9.72	12%	34.71
$400.00	$410.00	$420.00	Sep 18	$0.24	$9.76	9%	40.67
$325.00	$340.00	$355.00	Oct 2	$1.19	$13.81	16%	11.61
$350.00	$352.50	$355.00	Aug 21	$0.06	$2.44	12%	40.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$360.00	$370.00	$380.00	Sep 18	$0.10	$9.90	12%	99.00
$340.00	$345.00	$350.00	Sep 4	$0.05	$4.95	8%	99.00
$350.00	$360.00	$370.00	Sep 18	$0.52	$9.48	12%	18.23
$300.00	$310.00	$320.00	Sep 18	$0.39	$9.61	9%	24.64
$330.00	$340.00	$350.00	Sep 18	$0.58	$9.42	12%	16.24

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 101 found (best net $-18.30, 98 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$315.00	$340.00	1:2	Sep 4	-$13.52	$11.48
$410.00	$415.00	1:2	Aug 21	$0.00	$5.00
$400.00	$402.50	1:2	Aug 21	-$0.03	$2.47
$395.00	$397.50	1:2	Aug 21	-$0.06	$2.44
$407.50	$410.00	1:2	Aug 21	-$0.04	$2.46

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$425.00	$400.00	1:2	Aug 28	-$18.30	$6.70
$302.50	$300.00	1:2	Aug 21	$0.00	$2.50
$320.00	$317.50	1:2	Aug 21	-$0.02	$2.48
$315.00	$312.50	1:2	Aug 21	-$0.02	$2.48
$312.50	$310.00	1:2	Aug 21	-$0.03	$2.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 98 found (best yield 6.57%, avg 2.75%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$370.00	Oct 2	$23.50	0.48	3.5%	6.57%	10.02%	2	10
$375.00	Oct 2	$21.05	0.46	4.8%	5.89%	10.73%	1	11
$360.00	Oct 2	$27.60	0.53	0.7%	7.72%	8.37%	5	1
$365.00	Oct 2	$25.00	0.51	2.0%	6.99%	9.04%	--	10
$385.00	Oct 2	$17.40	0.41	7.6%	4.86%	12.51%	--	12
$375.00	Sep 25	$19.60	0.45	4.8%	5.48%	10.33%	1	13
$400.00	Oct 2	$13.35	0.33	11.8%	3.73%	15.57%	5	22
$380.00	Sep 25	$17.80	0.42	6.2%	4.98%	11.22%	2	14
$405.00	Oct 2	$12.45	0.31	13.2%	3.48%	16.71%	14	7
$370.00	Sep 25	$21.20	0.47	3.5%	5.93%	9.37%	5	12

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 10,011

Total Puts 11,778

Put/Call Ratio 1.18

Net Difference -1,767

Prior's Put/Call Breakdown

Total Calls 12,564

Total Puts 10,040

Put/Call Ratio 0.80

Net Difference 2,524

Prior 7-Day Put/Call Summary

Total Calls 151,861

Total Puts 126,922

Average Put/Call Ratio 0.80

Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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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

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📈 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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