PANW - Options Database

PANW

PALO ALTO NETWORKS I

$378.84 +11.65%

(8/26 18:54) ◀

Thursday, August 27, 2026 (12:00pm)

▶ (8/27 13:00)

◀ 8/27 12:00 ▶

Option Volume

Detail

ℹ

Current (08/27 12:00pm) 37,107

Calls: 21,443 (58%)

Puts: 15,664 (42%)

Prior (08/03) 14,038

Calls: 8,438 (60%)

Puts: 5,600 (40%)

Current vs Prior +164.33%

Calls: +154.12% (Calls)

Puts: +179.71% (Puts)

Prior 7-Day Total 278,963

Calls: 145,967 (52%)

Puts: 132,996 (48%)

Prior 7-Day Average 39,851

Calls: 20,852 (52%)

Puts: 18,999 (48%)

Current vs Prior 7-Day Avg -6.89%

Calls: +2.83%

Puts: -17.56%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/27 12:00pm) $66.41M

Calls: $49.87M (75%)

Puts: $16.54M (25%)

Prior (08/03) $15.85M

Calls: $13.08M (83%)

Puts: $2.77M (17%)

Current vs Prior +318.97%

Calls: +281.30%

Puts: +496.81%

Prior 7-Day Total $453.55M

Calls: $340.98M (75%)

Puts: $112.57M (25%)

Prior 7-Day Average $64.79M

Calls: $48.71M (75%)

Puts: $16.08M (25%)

Current vs Prior 7-Day Avg +2.49%

Calls: +2.38%

Puts: +2.83%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/27 12:00pm) 0.73

Prior (08/03) 0.66

Current vs Prior +10.07%

Prior 7-Day Average 0.93

Current vs Prior 7-Day Avg -21.11%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/27 12:00pm) 571,491

Calls: 284,937 (50%)

Puts: 286,554 (50%)

Prior (08/03) 550,545

Calls: 281,674 (51%)

Puts: 268,871 (49%)

Current vs Prior +3.80%

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 -3.89%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)

Current 3.24% | 10.80%13.75% | 18.34%

Prior 5.82% | 8.62%10.45% | 19.12%

Current vs Prior -44.30% | +25.39%+31.59% | -4.09%

Prior 7-Day Avg 6.72% | 9.01%5.12% | 16.47%

Current vs 7-Day Avg -51.79% | +19.97%+168.55% | +11.34%

Prior 7-Day Eod 5.82% | 8.62%13.62% | 18.53%

Current vs 7-Day Eod -44.30% | +25.39%+0.94% | -1.02%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 34.62% | 9.17%

Calls: 39.97% | 12.71%

Puts: 29.27% | 5.62%

Prior 14.12% | 13.55%

Calls: 9.39% | 9.89%

Puts: 18.85% | 17.22%

Current vs Prior +145.18% | -32.32%

Prior 7-Day Avg 15.98% | 14.16%

Calls: 15.79% | 12.75%

Puts: 16.17% | 15.57%

Current vs 7-Day Avg +116.65% | -35.24%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 75% of dollar volume in calls ($49.87M) vs puts ($16.54M). Massive premium surge with dollar volume up 319% vs prior. Unusually high activity with volume up 164% vs prior - elevated interest.

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

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
12:00	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

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Tightest Spreads

💰

Best Value <$1

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High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 121 of results (avg 7.5%, best 3.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$335.00	Aug 28	43.65	45.35	$44.50	3.8%	8	1.00	110
$395.00	Sep 25	20.10	21.00	$20.55	4.4%	14	0.44	16
$345.00	Sep 25	45.95	48.05	$47.00	4.5%	6	0.73	9
$355.00	Sep 11	34.95	36.75	$35.85	5.0%	2	0.69	88
$305.00	Sep 18	74.50	78.40	$76.45	5.1%	8	0.91	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$430.00	Sep 18	58.05	60.05	$59.05	3.4%	--	0.75	17
$372.50	Sep 11	18.35	19.20	$18.77	4.5%	26	0.43	--
$420.00	Sep 18	50.05	52.45	$51.25	4.7%	--	0.70	30
$375.00	Sep 25	23.80	25.00	$24.40	4.9%	5	0.44	1
$362.50	Sep 11	14.10	14.85	$14.48	5.2%	16	0.36	--

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. 161 found (avg delta 0.73, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$310.00	Aug 28	64.80	71.45	$68.13	9.8%	--	1.00	17
$315.00	Aug 28	59.85	66.75	$63.30	10.9%	2	1.00	38
$320.00	Aug 28	54.85	60.00	$57.43	9.0%	--	1.00	19
$325.00	Aug 28	49.85	55.80	$52.83	11.3%	--	1.00	52
$330.00	Aug 28	46.60	50.00	$48.30	7.0%	4	1.00	48

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Aug 28	20.40	25.40	$22.90	21.8%	2	0.93	--
$395.00	Aug 28	14.55	20.95	$17.75	36.1%	4	0.88	1
$450.00	Sep 18	74.60	80.15	$77.38	7.2%	--	0.82	21
$390.00	Aug 28	11.70	14.75	$13.23	23.1%	1	0.79	45
$430.00	Sep 11	56.10	61.15	$58.63	8.6%	--	0.78	11

Most actively traded options today. High liquidity = easy entry/exit. 371 active (total vol 24.6K, top 1.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$425.00	Sep 4	5.95	6.55	$6.25	9.6%	1.6K	0.22	76
$420.00	Aug 28	0.03	0.05	$0.04	50.0%	1.1K	0.01	1.2K
$385.00	Sep 4	16.75	18.25	$17.50	8.6%	941	0.48	732
$360.00	Aug 28	16.55	20.75	$18.65	22.5%	654	0.90	765
$380.00	Aug 28	4.40	5.60	$5.00	24.0%	589	0.47	274

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$355.00	Aug 28	0.19	0.38	$0.29	65.5%	828	0.05	879
$350.00	Aug 28	0.09	0.23	$0.16	87.5%	616	0.03	509
$370.00	Aug 28	1.75	2.72	$2.24	43.3%	518	0.26	107
$320.00	Sep 4	2.20	2.65	$2.42	18.6%	470	0.10	182
$307.50	Sep 4	1.10	1.61	$1.36	37.5%	377	0.06	41

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 12.7%, max 45.3%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$370.00	Aug 28	Oct 9	65.6%	58.3%	12.6%	411	323
$365.00	Aug 28	Oct 2	66.0%	59.6%	10.7%	263	364
$385.00	Aug 28	Oct 9	63.9%	60.0%	6.6%	382	279
$375.00	Aug 28	Oct 9	63.8%	60.0%	6.3%	309	333
$380.00	Aug 28	Oct 9	64.9%	61.6%	5.4%	592	274

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$410.00	Sep 4	Oct 2	90.0%	61.9%	45.3%	10	44
$420.00	Sep 4	Sep 18	91.1%	67.3%	35.4%	1	32
$365.00	Aug 28	Oct 2	66.0%	59.6%	10.7%	243	169
$430.00	Sep 11	Sep 18	73.6%	67.1%	9.7%	--	28
$370.00	Aug 28	Oct 2	65.6%	59.9%	9.6%	519	126

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 286 found (best R:R 0.74, avg 3.33)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$340.00	$370.00	Oct 9	$17.23	$12.77	$17.23	73%	0.74	$357.23
$342.50	$345.00	Aug 28	$0.45	$2.05	$0.45	100%	4.56	$342.95
$335.00	$337.50	Sep 4	$0.25	$2.25	$0.25	84%	9.00	$335.25
$362.50	$365.00	Aug 28	$0.45	$2.05	$0.45	88%	4.56	$362.95
$332.50	$335.00	Aug 28	$0.90	$1.60	$0.90	100%	1.78	$333.40

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$387.50	$385.00	Sep 4	$0.65	$1.85	$0.65	54%	2.85	$386.85
$390.00	$385.00	Sep 25	$2.10	$2.90	$2.10	53%	1.38	$387.90
$350.00	$347.50	Sep 18	$0.27	$2.23	$0.27	28%	8.26	$349.73
$415.00	$410.00	Sep 4	$3.22	$1.78	$3.22	73%	0.55	$411.78
$400.00	$395.00	Sep 11	$2.65	$2.35	$2.65	62%	0.89	$397.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 208 found (best R:R 0.69, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$395.00	$397.50	Sep 4	$1.55	$1.55	$0.95	59%	1.63	$396.55
$380.00	$385.00	Sep 25	$3.06	$3.06	$1.94	47%	1.58	$383.06
$380.00	$385.00	Oct 9	$3.03	$3.03	$1.97	47%	1.54	$383.03
$410.00	$412.50	Sep 4	$1.05	$1.05	$1.45	70%	0.72	$411.05
$387.50	$390.00	Sep 4	$1.43	$1.43	$1.07	54%	1.34	$388.93

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$375.00	$330.00	Oct 9	$18.30	$18.30	$26.70	56%	0.69	$356.70
$312.50	$310.00	Aug 28	$1.58	$1.58	$0.92	93%	1.72	$310.92
$340.00	$335.00	Oct 2	$2.50	$2.50	$2.50	74%	1.00	$337.50
$365.00	$360.00	Sep 25	$2.61	$2.61	$2.39	62%	1.09	$362.39
$360.00	$350.00	Oct 2	$4.03	$4.03	$5.97	64%	0.68	$355.97

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $13.53, cheapest $3.12)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$372.50	Aug 28	Sep 4	$13.55	65.2%	89.0%
$375.00	Aug 28	Sep 4	$14.10	63.8%	88.5%
$385.00	Aug 28	Sep 4	$14.52	63.9%	88.8%
$380.00	Aug 28	Sep 4	$15.05	64.9%	90.2%
$377.50	Aug 28	Sep 4	$14.32	64.3%	89.7%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$410.00	Sep 4	Sep 18	$3.12	90.0%	66.5%
$372.50	Aug 28	Sep 4	$13.80	65.2%	89.0%
$375.00	Aug 28	Sep 4	$14.10	63.8%	88.5%
$385.00	Aug 28	Sep 4	$14.65	63.9%	88.8%
$380.00	Aug 28	Sep 4	$14.33	64.9%	90.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 102 found (cheapest 2.91% of stock, avg 11.34%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$377.50	Aug 28	$6.13	$4.88	$11.01	$366.49	$388.51	2.91%
$382.50	Aug 28	$3.72	$7.33	$11.05	$371.45	$393.55	2.92%
$380.00	Aug 28	$5.00	$6.15	$11.15	$368.85	$391.15	2.94%
$375.00	Aug 28	$7.55	$3.75	$11.30	$363.70	$386.30	2.98%
$385.00	Aug 28	$2.98	$9.00	$11.98	$373.02	$396.98	3.16%
$372.50	Aug 28	$9.23	$2.95	$12.18	$360.32	$384.68	3.22%
$370.00	Aug 28	$10.35	$2.24	$12.59	$357.41	$382.59	3.32%
$387.50	Aug 28	$2.21	$11.18	$13.39	$374.11	$400.89	3.53%
$367.50	Aug 28	$12.68	$1.70	$14.38	$353.12	$381.88	3.80%
$390.00	Aug 28	$1.53	$13.23	$14.76	$375.24	$404.76	3.90%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 158 found (cheapest 0.85% of stock, avg 8.97%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$390.00	$367.50	Aug 28	$1.53	$1.70	$3.23	$364.27	$393.23
$390.00	$370.00	Aug 28	$1.53	$2.24	$3.77	$366.23	$393.77
$387.50	$367.50	Aug 28	$2.21	$1.70	$3.91	$363.59	$391.41
$387.50	$370.00	Aug 28	$2.21	$2.24	$4.45	$365.55	$391.95
$390.00	$372.50	Aug 28	$1.53	$2.95	$4.48	$368.02	$394.48
$385.00	$367.50	Aug 28	$2.98	$1.70	$4.68	$362.82	$389.68
$387.50	$372.50	Aug 28	$2.21	$2.95	$5.16	$367.34	$392.66
$385.00	$370.00	Aug 28	$2.98	$2.24	$5.22	$364.78	$390.22
$385.00	$372.50	Aug 28	$2.98	$2.95	$5.93	$366.57	$390.93
$390.00	$375.00	Aug 28	$1.53	$3.75	$5.28	$369.72	$395.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 204 found (best R:R 9.42, avg credit $1.76)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
310/312	388/390	Aug 28	$2.26	$0.24	66%	9.42	$310.24	$389.76
310/312	395/398	Aug 28	$1.86	$0.64	81%	2.91	$310.64	$396.86
310/312	445/450	Aug 28	$1.83	$3.17	91%	0.58	$310.67	$446.83
310/312	392/395	Aug 28	$1.94	$0.56	77%	3.46	$310.56	$394.44
310/312	400/402	Aug 28	$1.71	$0.79	86%	2.16	$310.79	$401.71
310/312	385/388	Aug 28	$2.35	$0.15	60%	15.67	$310.15	$387.35
310/312	390/392	Aug 28	$1.92	$0.58	72%	3.31	$310.58	$391.92
335/340	420/425	Oct 2	$4.18	$0.82	41%	5.10	$335.82	$424.18
335/340	425/430	Oct 2	$3.65	$1.35	44%	2.70	$336.35	$428.65
345/350	415/420	Sep 25	$3.62	$1.38	36%	2.62	$346.38	$418.62

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 165 found (best R:R 70.43, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$410.00	$420.00	$430.00	Sep 18	$0.14	$9.86	10%	70.43
$430.00	$440.00	$450.00	Sep 18	$0.28	$9.72	8%	34.71
$385.00	$387.50	$390.00	Aug 28	$0.09	$2.41	13%	26.78
$430.00	$435.00	$440.00	Sep 11	$0.05	$4.95	4%	99.00
$355.00	$360.00	$365.00	Oct 2	$0.09	$4.91	5%	54.56

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$370.00	$372.50	$375.00	Aug 28	$0.09	$2.41	12%	26.78
$375.00	$377.50	$380.00	Aug 28	$0.14	$2.36	14%	16.86
$410.00	$420.00	$430.00	Sep 18	$0.45	$9.55	10%	21.22
$330.00	$335.00	$340.00	Sep 25	$0.09	$4.91	5%	54.56
$360.00	$362.50	$365.00	Aug 28	$0.05	$2.45	6%	49.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 84 found (best net $-9.93, 80 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$340.00	$370.00	1:2	Oct 9	-$18.57	$11.43
$425.00	$430.00	1:2	Aug 28	-$0.01	$4.99
$415.00	$420.00	1:2	Aug 28	-$0.01	$4.99
$412.50	$415.00	1:2	Aug 28	-$0.03	$2.47
$405.00	$407.50	1:2	Aug 28	-$0.08	$2.42

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$430.00	$400.00	1:2	Sep 11	-$9.93	$20.07
$357.50	$355.00	1:2	Aug 28	-$0.10	$2.40
$335.00	$332.50	1:2	Aug 28	-$0.01	$2.49
$310.00	$307.50	1:2	Aug 28	-$0.01	$2.49
$352.50	$350.00	1:2	Aug 28	-$0.07	$2.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 97 found (best yield 7.75%, avg 2.94%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$380.00	Oct 9	$29.35	0.53	0.3%	7.75%	8.05%	3	--
$400.00	Oct 9	$19.40	0.43	5.6%	5.12%	10.71%	4	--
$380.00	Oct 2	$27.60	0.53	0.3%	7.29%	7.59%	8	5
$410.00	Oct 9	$16.05	0.39	8.2%	4.24%	12.46%	27	--
$400.00	Oct 2	$19.25	0.42	5.6%	5.08%	10.67%	7	36
$390.00	Oct 2	$22.75	0.47	3.0%	6.01%	8.95%	2	3
$385.00	Oct 9	$24.80	0.51	1.6%	6.55%	8.17%	4	--
$405.00	Oct 2	$17.00	0.40	6.9%	4.49%	11.39%	4	24
$395.00	Oct 2	$20.15	0.45	4.3%	5.32%	9.58%	--	25
$410.00	Oct 2	$15.50	0.38	8.2%	4.09%	12.32%	6	2

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 21,443

Total Puts 15,664

Put/Call Ratio 0.73

Net Difference 5,779

Prior's Put/Call Breakdown

Total Calls 8,438

Total Puts 5,600

Put/Call Ratio 0.66

Net Difference 2,838

Prior 7-Day Put/Call Summary

Total Calls 145,967

Total Puts 132,996

Average Put/Call Ratio 0.93

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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