PANW - Options Database

PANW

PALO ALTO NETWORKS I

$358.75 -4.11%

(8/19 14:01) ◀

Wednesday, August 19, 2026 (3:00pm)

▶ (8/19 16:01)

◀ 8/19 15:01 ▶

Option Volume

Detail

ℹ

Current (08/19 3:00pm) 27,609

Calls: 13,221 (48%)

Puts: 14,388 (52%)

Prior (08/03) 32,475

Calls: 17,397 (54%)

Puts: 15,078 (46%)

Current vs Prior -14.98%

Calls: -24.00% (Calls)

Puts: -4.58% (Puts)

Prior 7-Day Total 242,320

Calls: 127,915 (53%)

Puts: 114,405 (47%)

Prior 7-Day Average 40,386

Calls: 18,273 (53%)

Puts: 16,343 (47%)

Current vs Prior 7-Day Avg -31.64%

Calls: -27.65%

Puts: -11.97%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/19 3:00pm) $51.41M

Calls: $37.53M (73%)

Puts: $13.88M (27%)

Prior (08/03) $35.10M

Calls: $25.90M (74%)

Puts: $9.20M (26%)

Current vs Prior +46.49%

Calls: +44.91%

Puts: +50.95%

Prior 7-Day Total $378.48M

Calls: $284.56M (75%)

Puts: $93.92M (25%)

Prior 7-Day Average $63.08M

Calls: $40.65M (75%)

Puts: $13.42M (25%)

Current vs Prior 7-Day Avg -18.50%

Calls: -7.68%

Puts: +3.47%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/19 3:00pm) 1.09

Prior (08/03) 0.87

Current vs Prior +25.56%

Prior 7-Day Average 0.92

Current vs Prior 7-Day Avg +18.87%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/19 3:00pm) 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 3,556,385

Calls: 1,792,329 (50%)

Puts: 1,764,056 (50%)

Prior 7-Day Average 592,730

Calls: 298,721 (50%)

Puts: 294,009 (50%)

Current vs Prior 7-Day Avg +2.26%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 3.81% | 7.05%3.81% | 15.30%

Prior 5.82% | 8.62%10.45% | 19.12%

Current vs Prior -34.57% | -18.15%-63.57% | -19.99%

Prior 7-Day Avg 8.95% | 10.48%7.76% | 18.64%

Current vs 7-Day Avg -57.46% | -32.72%-50.94% | -17.92%

Prior 7-Day Eod 5.82% | 8.62%4.31% | 15.23%

Current vs 7-Day Eod -34.57% | -18.15%-11.62% | +0.41%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.02% | 16.16%

Calls: 24.54% | 18.60%

Puts: 11.49% | 13.71%

Prior 14.12% | 13.55%

Calls: 9.39% | 9.89%

Puts: 18.85% | 17.22%

Current vs Prior +27.62% | +19.26%

Prior 7-Day Avg 15.98% | 14.16%

Calls: 15.79% | 12.75%

Puts: 16.17% | 15.57%

Current vs 7-Day Avg +12.77% | +14.12%

Liquidity Expensive

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Moderately bullish flow with 73% call dollar volume ($37.53M). Slightly bearish P/C ratio of 1.09.

Smart Money BULLISH

Retail Flow NEUTRAL

Overall MIXED

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

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
15:00	BULLISH	NEUTRAL	MIXED
14:00	BULLISH	BEARISH	BEARISH
13:00	BULLISH	BEARISH	BEARISH

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🎯 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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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 90 of results (avg 7.3%, best 2.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Sep 18	24.60	25.30	$24.95	2.8%	62	0.53	1.6K
$365.00	Sep 11	20.40	21.00	$20.70	2.9%	--	0.49	11
$370.00	Sep 18	20.25	20.90	$20.58	3.2%	151	0.47	1.9K
$360.00	Sep 11	22.45	23.25	$22.85	3.5%	10	0.52	8
$380.00	Sep 18	16.55	17.20	$16.88	3.9%	65	0.41	3.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$370.00	Sep 18	30.40	31.10	$30.75	2.3%	62	0.53	481
$370.00	Sep 11	28.55	29.30	$28.93	2.6%	99	0.54	122
$350.00	Sep 18	19.75	20.30	$20.02	2.7%	50	0.41	413
$360.00	Sep 18	24.70	25.40	$25.05	2.8%	90	0.47	679
$360.00	Sep 11	22.90	23.65	$23.28	3.2%	37	0.48	53

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. 144 found (avg delta 0.74, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$290.00	Aug 21	68.15	72.70	$70.43	6.5%	10	1.00	459
$300.00	Aug 21	57.25	62.95	$60.10	9.5%	109	0.99	1.7K
$310.00	Aug 21	47.55	51.80	$49.68	8.6%	13	0.99	644
$312.50	Aug 21	44.15	50.20	$47.18	12.8%	5	0.99	2
$315.00	Aug 21	42.00	47.85	$44.93	13.0%	1	0.99	15

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$392.50	Aug 21	30.35	35.85	$33.10	16.6%	1	1.00	6
$395.00	Aug 21	32.55	38.30	$35.42	16.2%	37	1.00	163
$397.50	Aug 21	36.00	40.80	$38.40	12.5%	--	1.00	12
$400.00	Aug 21	37.35	43.25	$40.30	14.6%	6	1.00	56
$405.00	Aug 21	42.55	48.60	$45.58	13.3%	--	1.00	21

Most actively traded options today. High liquidity = easy entry/exit. 322 active (total vol 15.5K, top 731)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Aug 21	0.05	0.12	$0.09	77.8%	677	0.01	1.7K
$360.00	Aug 21	5.00	6.35	$5.68	23.8%	565	0.49	843
$420.00	Sep 18	6.45	8.05	$7.25	22.1%	476	0.21	2.8K
$375.00	Aug 21	1.03	1.24	$1.14	18.4%	405	0.15	248
$365.00	Aug 21	3.30	3.80	$3.55	14.1%	388	0.36	345

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$362.50	Aug 21	7.60	8.40	$8.00	10.0%	731	0.58	651
$355.00	Aug 21	3.90	4.50	$4.20	14.3%	620	0.38	348
$300.00	Aug 28	0.13	0.52	$0.33	118.2%	410	0.03	538
$352.50	Aug 21	3.20	3.60	$3.40	11.8%	378	0.33	388
$360.00	Aug 21	6.15	6.90	$6.53	11.5%	232	0.52	520

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 7.1%, max 11.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$347.50	Aug 21	Aug 28	58.1%	52.1%	11.5%	212	45
$352.50	Aug 21	Aug 28	57.9%	52.0%	11.4%	39	47
$357.50	Aug 21	Aug 28	57.3%	51.8%	10.7%	131	68
$355.00	Aug 21	Oct 2	56.9%	55.2%	3.2%	43	102
$350.00	Aug 21	Sep 25	56.8%	56.5%	0.6%	21	705

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$347.50	Aug 21	Aug 28	58.1%	52.1%	11.5%	123	333
$352.50	Aug 21	Aug 28	57.9%	52.0%	11.4%	413	445
$357.50	Aug 21	Aug 28	57.3%	51.8%	10.7%	94	285
$355.00	Aug 21	Oct 2	56.9%	55.2%	3.2%	627	349
$350.00	Aug 21	Oct 2	56.8%	55.4%	2.6%	110	647

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 241 found (best R:R 0.65, avg 4.18)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$325.00	$350.00	Sep 25	$15.13	$9.87	$15.13	74%	0.65	$340.13
$325.00	$345.00	Sep 11	$13.05	$6.95	$13.05	76%	0.53	$338.05
$340.00	$355.00	Oct 2	$7.92	$7.08	$7.92	65%	0.89	$347.92
$325.00	$340.00	Oct 2	$9.45	$5.55	$9.45	73%	0.59	$334.45
$385.00	$400.00	Oct 2	$4.35	$10.65	$4.35	40%	2.45	$389.35

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$382.50	$380.00	Aug 28	$0.80	$1.70	$0.80	76%	2.12	$381.70
$372.50	$370.00	Aug 21	$1.10	$1.40	$1.10	81%	1.27	$371.40
$370.00	$367.50	Sep 4	$0.80	$1.70	$0.80	55%	2.12	$369.20
$377.50	$375.00	Aug 28	$1.30	$1.20	$1.30	71%	0.92	$376.20
$380.00	$375.00	Sep 11	$2.55	$2.45	$2.55	61%	0.96	$377.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 182 found (best R:R 0.69, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$367.50	$370.00	Aug 28	$1.53	$1.53	$0.97	59%	1.58	$369.03
$367.50	$370.00	Sep 4	$1.48	$1.48	$1.02	53%	1.45	$368.98
$387.50	$390.00	Aug 28	$0.71	$0.71	$1.79	80%	0.40	$388.21
$377.50	$380.00	Sep 4	$1.23	$1.23	$1.27	60%	0.97	$378.73
$425.00	$430.00	Aug 28	$0.36	$0.36	$4.64	95%	0.08	$425.36

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$340.00	$330.00	Sep 18	$4.10	$4.10	$5.90	65%	0.69	$335.90
$330.00	$325.00	Oct 2	$2.30	$2.30	$2.70	70%	0.85	$327.70
$310.00	$305.00	Sep 25	$1.48	$1.48	$3.52	81%	0.42	$308.52
$345.00	$340.00	Oct 2	$2.45	$2.45	$2.55	62%	0.96	$342.55
$350.00	$345.00	Sep 11	$2.56	$2.56	$2.44	59%	1.05	$347.44

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $5.64, cheapest $5.15)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$352.50	Aug 21	Aug 28	$5.58	57.9%	52.0%
$357.50	Aug 21	Aug 28	$5.77	57.3%	51.8%
$355.00	Aug 21	Aug 28	$5.95	56.9%	52.1%
$362.50	Aug 21	Aug 28	$5.82	57.2%	53.2%
$360.00	Aug 21	Aug 28	$6.02	56.3%	53.4%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$352.50	Aug 21	Aug 28	$5.15	57.9%	52.0%
$357.50	Aug 21	Aug 28	$5.47	57.3%	51.8%
$355.00	Aug 21	Aug 28	$5.45	56.9%	52.1%
$362.50	Aug 21	Aug 28	$5.43	57.2%	53.2%
$360.00	Aug 21	Aug 28	$5.87	56.3%	53.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 98 found (cheapest 3.40% of stock, avg 10.11%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$360.00	Aug 21	$5.68	$6.53	$12.21	$347.79	$372.21	3.40%
$357.50	Aug 21	$7.13	$5.33	$12.46	$345.04	$369.96	3.47%
$355.00	Aug 21	$8.43	$4.20	$12.63	$342.37	$367.63	3.52%
$362.50	Aug 21	$4.68	$8.00	$12.68	$349.82	$375.18	3.53%
$365.00	Aug 21	$3.55	$9.63	$13.18	$351.82	$378.18	3.67%
$352.50	Aug 21	$10.07	$3.40	$13.47	$339.03	$365.97	3.75%
$350.00	Aug 21	$11.43	$2.51	$13.94	$336.06	$363.94	3.89%
$367.50	Aug 21	$2.84	$11.43	$14.27	$353.23	$381.77	3.98%
$370.00	Aug 21	$2.15	$13.05	$15.20	$354.80	$385.20	4.24%
$372.50	Aug 21	$1.66	$14.15	$15.81	$356.69	$388.31	4.41%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.15% of stock, avg 8.46%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$370.00	$347.50	Aug 21	$2.15	$1.98	$4.13	$343.37	$374.13
$370.00	$350.00	Aug 21	$2.15	$2.51	$4.66	$345.34	$374.66
$367.50	$347.50	Aug 21	$2.84	$1.98	$4.82	$342.68	$372.32
$367.50	$350.00	Aug 21	$2.84	$2.51	$5.35	$344.65	$372.85
$370.00	$352.50	Aug 21	$2.15	$3.40	$5.55	$346.95	$375.55
$367.50	$352.50	Aug 21	$2.84	$3.40	$6.24	$346.26	$373.74
$365.00	$347.50	Aug 21	$3.55	$1.98	$5.53	$341.97	$370.53
$365.00	$350.00	Aug 21	$3.55	$2.51	$6.06	$343.94	$371.06
$365.00	$352.50	Aug 21	$3.55	$3.40	$6.95	$345.55	$371.95
$370.00	$355.00	Aug 21	$2.15	$4.20	$6.35	$348.65	$376.35

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 260 found (best R:R 2.18, avg credit $1.86)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
325/330	420/425	Oct 2	$3.43	$1.57	45%	2.18	$326.57	$423.43
325/330	400/405	Oct 2	$3.77	$1.23	37%	3.07	$326.23	$403.77
305/310	405/410	Sep 25	$2.91	$2.09	51%	1.39	$307.09	$407.91
305/310	395/400	Sep 25	$3.11	$1.89	47%	1.65	$306.89	$398.11
330/335	420/425	Oct 2	$3.28	$1.72	42%	1.91	$331.72	$423.28
315/320	420/425	Oct 2	$2.83	$2.17	50%	1.30	$317.17	$422.83
330/335	400/405	Oct 2	$3.62	$1.38	34%	2.62	$331.38	$403.62
340/342	382/385	Aug 28	$1.55	$0.95	49%	1.63	$340.95	$384.05
315/320	400/405	Oct 2	$3.17	$1.83	42%	1.73	$316.83	$403.17
330/340	420/430	Sep 18	$5.82	$4.18	44%	1.39	$334.18	$425.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 162 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$310.00	$320.00	$330.00	Sep 18	$0.39	$9.61	10%	24.64
$350.00	$360.00	$370.00	Sep 18	$0.51	$9.49	12%	18.61
$380.00	$390.00	$400.00	Sep 18	$0.42	$9.58	11%	22.81
$380.00	$385.00	$390.00	Sep 11	$0.05	$4.95	6%	99.00
$365.00	$370.00	$375.00	Sep 25	$0.07	$4.93	6%	70.43

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
$330.00	$340.00	$350.00	Sep 18	$0.17	$9.83	13%	57.82
$310.00	$320.00	$330.00	Sep 18	$0.39	$9.61	11%	24.64
$355.00	$357.50	$360.00	Aug 21	$0.07	$2.43	13%	34.71
$355.00	$360.00	$365.00	Sep 11	$0.09	$4.91	7%	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. 109 found (best net $-13.83, 106 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$315.00	$340.00	1:2	Sep 4	-$13.83	$11.17
$325.00	$350.00	1:2	Sep 25	-$17.22	$7.78
$397.50	$400.00	1:2	Aug 21	$0.00	$2.50
$425.00	$430.00	1:2	Aug 21	-$0.01	$4.99
$400.00	$402.50	1:2	Aug 21	-$0.03	$2.47

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$425.00	$400.00	1:2	Aug 28	-$18.77	$6.23
$342.50	$340.00	1:2	Aug 21	-$0.21	$2.29
$315.00	$310.00	1:2	Aug 28	-$0.18	$4.82
$295.00	$290.00	1:2	Aug 21	-$0.01	$4.99
$295.00	$290.00	1:2	Aug 28	-$0.07	$4.93

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 104 found (best yield 7.75%, avg 2.63%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$360.00	Oct 2	$27.80	0.53	0.3%	7.75%	8.10%	7	1
$375.00	Oct 2	$21.00	0.46	4.5%	5.85%	10.38%	1	11
$370.00	Oct 2	$22.90	0.48	3.1%	6.38%	9.52%	5	10
$365.00	Oct 2	$24.95	0.51	1.7%	6.95%	8.70%	--	10
$385.00	Oct 2	$17.00	0.40	7.3%	4.74%	12.06%	--	12
$400.00	Oct 2	$13.45	0.33	11.5%	3.75%	15.25%	15	22
$370.00	Sep 25	$21.50	0.47	3.1%	5.99%	9.13%	8	12
$380.00	Sep 25	$17.65	0.42	5.9%	4.92%	10.84%	2	14
$375.00	Sep 25	$19.15	0.45	4.5%	5.34%	9.87%	1	13
$365.00	Sep 25	$23.20	0.50	1.7%	6.47%	8.21%	1	4

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 13,221

Total Puts 14,388

Put/Call Ratio 1.09

Net Difference -1,167

Prior's Put/Call Breakdown

Total Calls 17,397

Total Puts 15,078

Put/Call Ratio 0.87

Net Difference 2,319

Prior 7-Day Put/Call Summary

Total Calls 127,915

Total Puts 114,405

Average Put/Call Ratio 0.92

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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