PANW - Options Database

PANW

PALO ALTO NETWORKS I

$359.76 -3.84%

(8/19 15:01) ◀

Wednesday, August 19, 2026 (4:00pm)

▶ (8/19 18:52)

◀ 8/19 16:01 ▶

Option Volume

Detail

ℹ

Current (08/19 4:00pm) 30,823

Calls: 14,842 (48%)

Puts: 15,981 (52%)

Prior (08/03) 40,548

Calls: 21,573 (53%)

Puts: 18,975 (47%)

Current vs Prior -23.98%

Calls: -31.20% (Calls)

Puts: -15.78% (Puts)

Prior 7-Day Total 269,929

Calls: 141,136 (52%)

Puts: 128,793 (48%)

Prior 7-Day Average 38,561

Calls: 20,162 (52%)

Puts: 18,399 (48%)

Current vs Prior 7-Day Avg -20.07%

Calls: -26.39%

Puts: -13.14%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/19 4:00pm) $57.94M

Calls: $42.98M (74%)

Puts: $14.95M (26%)

Prior (08/03) $46.11M

Calls: $34.69M (75%)

Puts: $11.42M (25%)

Current vs Prior +25.65%

Calls: +23.91%

Puts: +30.94%

Prior 7-Day Total $429.89M

Calls: $322.09M (75%)

Puts: $107.80M (25%)

Prior 7-Day Average $61.41M

Calls: $46.01M (75%)

Puts: $15.40M (25%)

Current vs Prior 7-Day Avg -5.66%

Calls: -6.58%

Puts: -2.91%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/19 4:00pm) 1.08

Prior (08/03) 0.88

Current vs Prior +22.42%

Prior 7-Day Average 0.94

Current vs Prior 7-Day Avg +14.52%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/19 4:00pm) 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 4,162,513

Calls: 2,095,235 (50%)

Puts: 2,067,278 (50%)

Prior 7-Day Average 594,644

Calls: 299,319 (50%)

Puts: 295,325 (50%)

Current vs Prior 7-Day Avg +1.93%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 3.66% | 6.95%3.66% | 15.49%

Prior 5.82% | 8.62%10.45% | 19.12%

Current vs Prior -37.19% | -19.35%-65.03% | -18.98%

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

Current vs 7-Day Avg -59.16% | -33.71%-52.90% | -16.88%

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

Current vs 7-Day Eod -37.19% | -19.35%-15.16% | +1.68%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 28.44% | 17.75%

Calls: 25.85% | 15.67%

Puts: 31.03% | 19.83%

Prior 14.12% | 13.55%

Calls: 9.39% | 9.89%

Puts: 18.85% | 17.22%

Current vs Prior +101.42% | +31.00%

Prior 7-Day Avg 15.98% | 14.16%

Calls: 15.79% | 12.75%

Puts: 16.17% | 15.57%

Current vs 7-Day Avg +77.97% | +25.35%

Liquidity Expensive

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Moderately bullish flow with 74% call dollar volume ($42.98M). Slightly bearish P/C ratio of 1.08.

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
16:00	BULLISH	NEUTRAL	MIXED
15:00	BULLISH	NEUTRAL	MIXED
14:00	BULLISH	BEARISH	BEARISH
13:00	BULLISH	BEARISH	BEARISH

📈 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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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 25 of results (avg 8.0%, best 5.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Sep 18	30.10	31.90	$31.00	5.8%	65	0.60	799
$410.00	Sep 18	8.95	9.50	$9.23	6.0%	28	0.26	867
$290.00	Sep 18	71.60	76.25	$73.93	6.3%	12	0.91	1.4K
$370.00	Sep 18	20.60	22.00	$21.30	6.6%	152	0.47	1.9K
$290.00	Aug 21	68.15	73.40	$70.78	7.4%	10	1.00	459

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$370.00	Sep 11	28.05	29.65	$28.85	5.5%	99	0.53	122
$430.00	Sep 18	72.65	76.85	$74.75	5.6%	15	0.81	23
$370.00	Sep 4	26.25	28.05	$27.15	6.6%	113	0.54	211
$370.00	Sep 18	28.95	31.00	$29.98	6.8%	62	0.53	481
$420.00	Sep 18	63.25	68.35	$65.80	7.8%	--	0.78	31

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. 143 found (avg delta 0.75, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$290.00	Aug 21	68.15	73.40	$70.78	7.4%	10	1.00	459
$300.00	Aug 21	58.05	63.00	$60.53	8.2%	112	1.00	1.7K
$312.50	Aug 21	45.55	50.80	$48.18	10.9%	5	0.99	2
$315.00	Aug 21	41.75	48.25	$45.00	14.4%	1	0.99	15
$317.50	Aug 21	39.30	46.60	$42.95	17.0%	--	0.98	11

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Aug 21	37.50	42.35	$39.92	12.1%	6	1.00	56
$405.00	Aug 21	41.10	48.45	$44.78	16.4%	--	1.00	21
$410.00	Aug 21	46.10	53.45	$49.78	14.8%	--	1.00	34
$420.00	Aug 21	56.55	63.45	$60.00	11.5%	--	1.00	15
$385.00	Aug 21	21.40	28.75	$25.08	29.3%	21	0.98	106

Most actively traded options today. High liquidity = easy entry/exit. 326 active (total vol 17.3K, top 741)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Aug 21	0.05	0.12	$0.09	77.8%	691	0.01	1.7K
$360.00	Aug 21	5.60	6.85	$6.23	20.1%	574	0.52	843
$420.00	Sep 18	6.20	8.50	$7.35	31.3%	476	0.22	2.8K
$375.00	Aug 21	1.11	1.60	$1.36	36.0%	408	0.17	248
$365.00	Aug 21	3.30	4.50	$3.90	30.8%	402	0.39	345

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$362.50	Aug 21	6.15	8.10	$7.13	27.3%	741	0.55	651
$355.00	Aug 21	2.93	4.05	$3.49	32.1%	696	0.35	348
$300.00	Aug 28	0.05	0.52	$0.29	162.1%	422	0.02	538
$352.50	Aug 21	2.18	3.40	$2.79	43.7%	393	0.29	388
$360.00	Aug 21	4.90	6.70	$5.80	31.0%	285	0.48	520

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 9 strikes (avg 7.4%, max 12.8%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$357.50	Aug 21	Aug 28	56.1%	49.8%	12.8%	136	68
$347.50	Aug 21	Aug 28	57.3%	52.2%	9.7%	212	45
$352.50	Aug 21	Aug 28	56.0%	52.3%	7.1%	39	47
$360.00	Aug 21	Oct 2	56.0%	55.0%	1.7%	581	844

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$357.50	Aug 21	Aug 28	56.1%	49.8%	12.8%	110	285
$347.50	Aug 21	Aug 28	57.3%	52.2%	9.7%	143	333
$352.50	Aug 21	Aug 28	56.0%	52.3%	7.1%	616	445
$345.00	Aug 21	Oct 2	58.4%	55.5%	5.2%	187	184
$350.00	Aug 21	Oct 2	55.8%	55.3%	0.8%	127	647

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 244 found (best R:R 0.65, avg 4.02)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$325.00	$350.00	Sep 25	$15.18	$9.82	$15.18	74%	0.65	$340.18
$325.00	$345.00	Sep 11	$12.45	$7.55	$12.45	76%	0.61	$337.45
$375.00	$380.00	Sep 25	$0.32	$4.68	$0.32	45%	14.62	$375.32
$365.00	$370.00	Sep 25	$1.20	$3.80	$1.20	51%	3.17	$366.20
$365.00	$370.00	Oct 2	$1.45	$3.55	$1.45	52%	2.45	$366.45

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$305.00	$300.00	Oct 2	$0.27	$4.73	$0.27	16%	17.52	$304.73
$357.50	$355.00	Aug 28	$0.63	$1.87	$0.63	45%	2.97	$356.87
$310.00	$305.00	Sep 11	$0.35	$4.65	$0.35	16%	13.29	$309.65
$335.00	$330.00	Sep 25	$1.10	$3.90	$1.10	31%	3.55	$333.90
$367.50	$365.00	Sep 4	$0.95	$1.55	$0.95	52%	1.63	$366.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 187 found (best R:R 0.88, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$370.00	$375.00	Sep 25	$3.23	$3.23	$1.77	51%	1.82	$373.23
$380.00	$385.00	Sep 25	$2.73	$2.73	$2.27	57%	1.20	$382.73
$372.50	$375.00	Sep 4	$1.61	$1.61	$0.89	55%	1.81	$374.11
$370.00	$375.00	Oct 2	$2.83	$2.83	$2.17	51%	1.30	$372.83
$400.00	$405.00	Sep 25	$1.85	$1.85	$3.15	67%	0.59	$401.85

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$340.00	$330.00	Sep 18	$4.68	$4.68	$5.32	66%	0.88	$335.32
$320.00	$310.00	Sep 18	$3.05	$3.05	$6.95	78%	0.44	$316.95
$355.00	$350.00	Sep 11	$3.05	$3.05	$1.95	57%	1.56	$351.95
$345.00	$340.00	Sep 11	$2.60	$2.60	$2.40	64%	1.08	$342.40
$355.00	$350.00	Oct 2	$2.95	$2.95	$2.05	57%	1.44	$352.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $5.78, cheapest $5.23)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$357.50	Aug 21	Aug 28	$6.05	56.1%	49.8%
$360.00	Aug 21	Aug 28	$5.95	56.0%	51.9%
$365.00	Aug 21	Aug 28	$5.70	55.3%	52.1%
$355.00	Aug 21	Aug 28	$5.86	54.5%	52.2%
$367.50	Aug 21	Aug 28	$5.78	54.4%	52.8%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$357.50	Aug 21	Aug 28	$5.23	56.1%	49.8%
$360.00	Aug 21	Aug 28	$5.80	56.0%	51.9%
$365.00	Aug 21	Aug 28	$5.72	55.3%	52.1%
$355.00	Aug 21	Aug 28	$5.76	54.5%	52.2%
$367.50	Aug 21	Aug 28	$5.50	54.4%	52.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 102 found (cheapest 3.33% of stock, avg 10.24%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$362.50	Aug 21	$4.85	$7.13	$11.98	$350.52	$374.48	3.33%
$357.50	Aug 21	$7.35	$4.65	$12.00	$345.50	$369.50	3.34%
$360.00	Aug 21	$6.23	$5.80	$12.03	$347.97	$372.03	3.34%
$355.00	Aug 21	$8.82	$3.49	$12.31	$342.69	$367.31	3.42%
$365.00	Aug 21	$3.90	$8.63	$12.53	$352.47	$377.53	3.48%
$367.50	Aug 21	$2.97	$10.30	$13.27	$354.23	$380.77	3.69%
$352.50	Aug 21	$10.55	$2.79	$13.34	$339.16	$365.84	3.71%
$370.00	Aug 21	$2.24	$12.02	$14.26	$355.74	$384.26	3.96%
$350.00	Aug 21	$12.33	$2.09	$14.42	$335.58	$364.42	4.01%
$372.50	Aug 21	$1.73	$14.08	$15.81	$356.69	$388.31	4.39%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.06% of stock, avg 8.40%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$372.50	$350.00	Aug 21	$1.73	$2.09	$3.82	$346.18	$376.32
$370.00	$350.00	Aug 21	$2.24	$2.09	$4.33	$345.67	$374.33
$372.50	$352.50	Aug 21	$1.73	$2.79	$4.52	$347.98	$377.02
$370.00	$352.50	Aug 21	$2.24	$2.79	$5.03	$347.47	$375.03
$367.50	$350.00	Aug 21	$2.97	$2.09	$5.06	$344.94	$372.56
$367.50	$352.50	Aug 21	$2.97	$2.79	$5.76	$346.74	$373.26
$372.50	$355.00	Aug 21	$1.73	$3.49	$5.22	$349.78	$377.72
$370.00	$355.00	Aug 21	$2.24	$3.49	$5.73	$349.27	$375.73
$367.50	$355.00	Aug 21	$2.97	$3.49	$6.46	$348.54	$373.96
$365.00	$350.00	Aug 21	$3.90	$2.09	$5.99	$344.01	$370.99

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 245 found (best R:R 2.57, avg credit $1.86)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
320/325	400/405	Sep 25	$3.60	$1.40	41%	2.57	$321.40	$403.60
290/295	400/405	Sep 25	$2.87	$2.13	55%	1.35	$292.13	$402.87
330/340	400/410	Sep 18	$7.08	$2.92	35%	2.42	$332.92	$407.08
310/315	400/405	Sep 25	$3.27	$1.73	46%	1.89	$311.73	$403.27
330/340	410/420	Sep 18	$6.56	$3.44	40%	1.91	$333.44	$416.56
335/340	400/405	Sep 25	$3.90	$1.10	33%	3.55	$336.10	$403.90
315/320	400/405	Sep 25	$3.28	$1.72	44%	1.91	$316.72	$403.28
315/320	415/420	Oct 2	$3.05	$1.95	48%	1.56	$316.95	$418.05
300/305	400/405	Sep 25	$2.90	$2.10	51%	1.38	$302.10	$402.90
290/295	415/420	Oct 2	$2.48	$2.52	59%	0.98	$292.52	$417.48

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 173 found (best R:R 75.92, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$340.00	$350.00	$360.00	Sep 18	$0.13	$9.87	12%	75.92
$380.00	$390.00	$400.00	Sep 18	$0.16	$9.84	11%	61.50
$345.00	$350.00	$355.00	Sep 4	$0.07	$4.93	8%	70.43
$365.00	$370.00	$375.00	Sep 11	$0.07	$4.93	7%	70.43
$360.00	$365.00	$370.00	Sep 11	$0.07	$4.93	6%	70.43

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$400.00	$410.00	$420.00	Sep 18	$0.07	$9.93	9%	141.86
$350.00	$360.00	$370.00	Sep 18	$0.37	$9.63	12%	26.03
$380.00	$390.00	$400.00	Sep 18	$0.37	$9.63	11%	26.03
$325.00	$330.00	$335.00	Sep 11	$0.09	$4.91	6%	54.56
$320.00	$325.00	$330.00	Aug 28	$0.09	$4.91	6%	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. 108 found (best net $-17.83, 99 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$315.00	$340.00	1:2	Sep 4	-$14.27	$10.73
$382.50	$385.00	1:2	Aug 21	-$0.05	$2.45
$325.00	$350.00	1:2	Sep 25	-$17.42	$7.58
$395.00	$397.50	1:2	Aug 21	-$0.11	$2.39
$425.00	$430.00	1:2	Aug 21	-$0.03	$4.97

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$425.00	$400.00	1:2	Aug 28	-$17.83	$7.17
$305.00	$300.00	1:2	Aug 28	-$0.02	$4.98
$320.00	$317.50	1:2	Aug 21	-$0.02	$2.48
$330.00	$327.50	1:2	Aug 21	-$0.04	$2.46
$317.50	$315.00	1:2	Aug 21	-$0.02	$2.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 104 found (best yield 6.49%, avg 2.59%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$370.00	Oct 2	$23.35	0.49	2.9%	6.49%	9.34%	5	10
$375.00	Oct 2	$20.40	0.46	4.2%	5.67%	9.91%	1	11
$380.00	Sep 25	$18.55	0.43	5.6%	5.16%	10.78%	2	14
$365.00	Oct 2	$24.10	0.52	1.5%	6.70%	8.16%	--	10
$370.00	Sep 25	$21.75	0.49	2.9%	6.05%	8.89%	8	12
$385.00	Oct 2	$16.40	0.41	7.0%	4.56%	11.57%	--	12
$360.00	Oct 2	$26.30	0.54	0.1%	7.31%	7.38%	7	1
$375.00	Sep 25	$19.15	0.45	4.2%	5.32%	9.56%	1	13
$400.00	Oct 2	$12.00	0.34	11.2%	3.34%	14.52%	15	22
$360.00	Sep 25	$25.30	0.54	0.1%	7.03%	7.10%	25	21

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 14,842

Total Puts 15,981

Put/Call Ratio 1.08

Net Difference -1,139

Prior's Put/Call Breakdown

Total Calls 21,573

Total Puts 18,975

Put/Call Ratio 0.88

Net Difference 2,598

Prior 7-Day Put/Call Summary

Total Calls 141,136

Total Puts 128,793

Average Put/Call Ratio 0.94

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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