PANW - Options Database

PANW

PALO ALTO NETWORKS I

$381.21 +12.35%

(8/27 12:00) ◀

Thursday, August 27, 2026 (1:00pm)

▶ (8/27 14:00)

◀ 8/27 13:00 ▶

Option Volume

Detail

ℹ

Current (08/27 1:00pm) 42,747

Calls: 25,118 (59%)

Puts: 17,629 (41%)

Prior (08/19) 21,789

Calls: 10,011 (46%)

Puts: 11,778 (54%)

Current vs Prior +96.19%

Calls: +150.90% (Calls)

Puts: +49.68% (Puts)

Prior 7-Day Total 263,961

Calls: 142,822 (54%)

Puts: 121,139 (46%)

Prior 7-Day Average 43,993

Calls: 20,403 (54%)

Puts: 17,305 (46%)

Current vs Prior 7-Day Avg -2.83%

Calls: +23.11%

Puts: +1.87%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/27 1:00pm) $74.99M

Calls: $57.61M (77%)

Puts: $17.38M (23%)

Prior (08/19) $34.27M

Calls: $24.10M (70%)

Puts: $10.18M (30%)

Current vs Prior +118.82%

Calls: +139.09%

Puts: +70.82%

Prior 7-Day Total $425.42M

Calls: $321.72M (76%)

Puts: $103.70M (24%)

Prior 7-Day Average $70.90M

Calls: $45.96M (76%)

Puts: $14.81M (24%)

Current vs Prior 7-Day Avg +5.77%

Calls: +25.35%

Puts: +17.34%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/27 1:00pm) 0.70

Prior (08/19) 1.18

Current vs Prior -40.34%

Prior 7-Day Average 0.83

Current vs Prior 7-Day Avg -15.25%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/27 1:00pm) 571,491

Calls: 284,937 (50%)

Puts: 286,554 (50%)

Prior (08/19) 606,128

Calls: 302,906 (50%)

Puts: 303,222 (50%)

Current vs Prior -5.71%

Prior 7-Day Total 3,521,748

Calls: 1,774,360 (50%)

Puts: 1,747,388 (50%)

Prior 7-Day Average 586,958

Calls: 295,726 (50%)

Puts: 291,231 (50%)

Current vs Prior 7-Day Avg -2.64%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 3.11% | 10.82%13.75% | 18.79%

Prior 3.66% | 6.95%3.66% | 15.49%

Current vs Prior -14.96% | +55.72%+276.13% | +21.30%

Prior 7-Day Avg 7.89% | 9.78%6.39% | 17.59%

Current vs 7-Day Avg -60.61% | +10.69%+115.08% | +6.83%

Prior 7-Day Eod 3.66% | 6.95%13.62% | 18.53%

Current vs 7-Day Eod -14.96% | +55.72%+0.91% | +1.43%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 31.66% | 8.73%

Calls: 23.01% | 9.71%

Puts: 40.32% | 7.75%

Prior 28.44% | 17.75%

Calls: 25.85% | 15.67%

Puts: 31.03% | 19.83%

Current vs Prior +11.32% | -50.82%

Prior 7-Day Avg 18.47% | 14.88%

Calls: 17.80% | 13.34%

Puts: 19.14% | 16.42%

Current vs 7-Day Avg +71.39% | -41.32%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($57.61M) vs puts ($17.38M). Massive premium surge with dollar volume up 119% vs prior. Above-average activity with volume up 96% vs prior. P/C ratio dropping 40% - 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 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
13:00	BULLISH	BULLISH	BULLISH
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

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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 154 of results (avg 7.8%, best 3.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Sep 18	65.00	67.15	$66.08	3.3%	1	0.87	1.0K
$390.00	Sep 18	20.50	21.30	$20.90	3.8%	50	0.47	784
$370.00	Sep 18	29.80	31.20	$30.50	4.6%	138	0.60	2.3K
$400.00	Sep 18	16.60	17.40	$17.00	4.7%	105	0.41	892
$310.00	Sep 18	71.95	75.75	$73.85	5.1%	10	0.90	557

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Sep 11	32.45	33.55	$33.00	3.3%	--	0.60	19
$430.00	Sep 18	56.40	58.60	$57.50	3.8%	--	0.75	17
$390.00	Sep 25	30.45	31.65	$31.05	3.9%	1	0.52	3
$367.50	Sep 11	15.20	15.90	$15.55	4.5%	10	0.37	1
$370.00	Sep 11	16.25	17.05	$16.65	4.8%	20	0.39	83

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.32, cheapest $0.32)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$405.00	Aug 28	0.30	0.35	$0.32	15.6%	412	0.05	352

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 167 found (avg delta 0.73, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$310.00	Aug 28	68.20	73.30	$70.75	7.2%	--	1.00	17
$315.00	Aug 28	63.20	68.75	$65.97	8.4%	2	1.00	38
$320.00	Aug 28	58.30	63.30	$60.80	8.2%	1	1.00	19
$325.00	Aug 28	53.30	58.30	$55.80	9.0%	--	1.00	52
$330.00	Aug 28	48.40	52.50	$50.45	8.1%	4	1.00	48

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$412.50	Aug 28	29.45	33.25	$31.35	12.1%	2	0.97	--
$400.00	Aug 28	18.10	22.55	$20.33	21.9%	2	0.91	--
$395.00	Aug 28	13.60	19.25	$16.43	34.4%	4	0.84	1
$450.00	Sep 18	72.45	78.30	$75.38	7.8%	--	0.82	21
$425.00	Sep 4	48.45	53.50	$50.98	9.9%	24	0.77	--

Most actively traded options today. High liquidity = easy entry/exit. 390 active (total vol 27.5K, top 1.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$425.00	Sep 4	6.05	6.70	$6.38	10.2%	1.6K	0.23	76
$420.00	Aug 28	0.03	0.08	$0.06	83.3%	1.6K	0.01	1.2K
$385.00	Sep 4	17.50	18.50	$18.00	5.6%	951	0.49	732
$400.00	Aug 28	0.51	0.67	$0.59	27.1%	706	0.09	419
$380.00	Aug 28	5.00	6.30	$5.65	23.0%	692	0.53	274

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$355.00	Aug 28	0.11	0.22	$0.17	64.7%	845	0.03	879
$350.00	Aug 28	0.05	0.10	$0.08	62.5%	637	0.01	509
$370.00	Aug 28	1.23	1.61	$1.42	26.8%	541	0.20	107
$320.00	Sep 4	2.01	2.75	$2.38	31.1%	482	0.09	182
$307.50	Sep 4	0.92	1.67	$1.30	57.7%	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. 12 strikes (avg 11.1%, max 48.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$380.00	Aug 28	Oct 9	62.3%	58.6%	6.5%	695	274
$395.00	Aug 28	Oct 2	64.1%	60.5%	5.9%	362	582
$375.00	Aug 28	Oct 9	63.3%	60.0%	5.5%	319	333
$390.00	Aug 28	Oct 2	63.5%	61.1%	4.0%	660	462
$385.00	Aug 28	Oct 9	61.8%	59.8%	3.3%	418	279

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$410.00	Sep 4	Oct 2	88.7%	59.7%	48.6%	10	44
$420.00	Sep 4	Sep 18	89.9%	66.6%	35.0%	1	32
$430.00	Sep 11	Sep 18	72.4%	66.3%	9.2%	--	28
$375.00	Aug 28	Oct 9	63.3%	60.0%	5.5%	200	78
$380.00	Aug 28	Oct 2	62.3%	59.4%	4.9%	75	68

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 284 found (best R:R 2.39, avg 3.98)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$385.00	$400.00	Oct 9	$4.42	$10.58	$4.42	52%	2.39	$389.42
$350.00	$370.00	Oct 9	$11.30	$8.70	$11.30	69%	0.77	$361.30
$355.00	$360.00	Oct 2	$2.03	$2.97	$2.03	68%	1.46	$357.03
$340.00	$350.00	Oct 9	$5.95	$4.05	$5.95	74%	0.68	$345.95
$365.00	$370.00	Sep 25	$1.83	$3.17	$1.83	63%	1.73	$366.83

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$397.50	$395.00	Sep 4	$0.20	$2.30	$0.20	60%	11.50	$397.30
$345.00	$340.00	Oct 2	$0.50	$4.50	$0.50	27%	9.00	$344.50
$387.50	$385.00	Sep 4	$0.77	$1.73	$0.77	52%	2.25	$386.73
$415.00	$410.00	Sep 4	$3.05	$1.95	$3.05	72%	0.64	$411.95
$350.00	$347.50	Sep 18	$0.20	$2.30	$0.20	27%	11.50	$349.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 214 found (best R:R 0.73, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$445.00	$450.00	Aug 28	$1.29	$1.29	$3.71	92%	0.35	$446.29
$400.00	$410.00	Oct 9	$5.08	$5.08	$4.92	55%	1.03	$405.08
$430.00	$435.00	Oct 2	$2.12	$2.12	$2.88	70%	0.74	$432.12
$405.00	$410.00	Oct 2	$2.53	$2.53	$2.47	59%	1.02	$407.53
$390.00	$395.00	Sep 25	$2.65	$2.65	$2.35	52%	1.13	$392.65

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$375.00	$340.00	Oct 9	$14.80	$14.80	$20.20	57%	0.73	$360.20
$350.00	$345.00	Oct 2	$2.68	$2.68	$2.32	70%	1.16	$347.32
$370.00	$365.00	Oct 2	$3.17	$3.17	$1.83	60%	1.73	$366.83
$340.00	$335.00	Oct 2	$2.08	$2.08	$2.92	75%	0.71	$337.92
$340.00	$335.00	Sep 25	$1.88	$1.88	$3.12	76%	0.60	$338.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $13.65, cheapest $3.12)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$375.00	Aug 28	Sep 4	$14.48	63.3%	86.4%
$382.50	Aug 28	Sep 4	$14.80	63.8%	89.1%
$387.50	Aug 28	Sep 4	$14.64	64.5%	90.2%
$380.00	Aug 28	Sep 4	$14.95	62.3%	88.1%
$385.00	Aug 28	Sep 4	$14.62	61.8%	88.1%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$410.00	Sep 4	Sep 18	$3.12	88.7%	66.7%
$375.00	Aug 28	Sep 4	$13.74	63.3%	86.4%
$382.50	Aug 28	Sep 4	$14.45	63.8%	89.1%
$387.50	Aug 28	Sep 4	$13.88	64.5%	90.2%
$380.00	Aug 28	Sep 4	$14.63	62.3%	88.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 103 found (cheapest 2.67% of stock, avg 11.28%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$377.50	Aug 28	$6.60	$3.59	$10.19	$367.31	$387.69	2.67%
$380.00	Aug 28	$5.65	$4.95	$10.60	$369.40	$390.60	2.78%
$382.50	Aug 28	$4.55	$6.20	$10.75	$371.75	$393.25	2.82%
$385.00	Aug 28	$3.38	$7.78	$11.16	$373.84	$396.16	2.93%
$372.50	Aug 28	$9.78	$1.80	$11.58	$360.92	$384.08	3.04%
$375.00	Aug 28	$8.65	$2.96	$11.61	$363.39	$386.61	3.05%
$387.50	Aug 28	$2.76	$9.77	$12.53	$374.97	$400.03	3.29%
$370.00	Aug 28	$11.73	$1.42	$13.15	$356.85	$383.15	3.45%
$390.00	Aug 28	$2.00	$11.60	$13.60	$376.40	$403.60	3.57%
$367.50	Aug 28	$14.15	$1.14	$15.29	$352.21	$382.79	4.01%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.74% of stock, avg 8.74%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$392.50	$370.00	Aug 28	$1.39	$1.42	$2.81	$367.19	$395.31
$392.50	$372.50	Aug 28	$1.39	$1.80	$3.19	$369.31	$395.69
$390.00	$370.00	Aug 28	$2.00	$1.42	$3.42	$366.58	$393.42
$390.00	$372.50	Aug 28	$2.00	$1.80	$3.80	$368.70	$393.80
$387.50	$370.00	Aug 28	$2.76	$1.42	$4.18	$365.82	$391.68
$387.50	$372.50	Aug 28	$2.76	$1.80	$4.56	$367.94	$392.06
$392.50	$375.00	Aug 28	$1.39	$2.96	$4.35	$370.65	$396.85
$390.00	$375.00	Aug 28	$2.00	$2.96	$4.96	$370.04	$394.96
$387.50	$375.00	Aug 28	$2.76	$2.96	$5.72	$369.28	$393.22
$385.00	$370.00	Aug 28	$3.38	$1.42	$4.80	$365.20	$389.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 232 found (best R:R 24.00, avg credit $1.66)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
345/350	430/435	Oct 2	$4.80	$0.20	40%	24.00	$345.20	$434.80
335/340	430/435	Oct 2	$4.20	$0.80	45%	5.25	$335.80	$434.20
310/315	430/435	Oct 2	$3.52	$1.48	55%	2.38	$311.48	$433.52
305/310	430/435	Oct 2	$3.12	$1.88	58%	1.66	$306.88	$433.12
320/325	430/435	Oct 2	$3.34	$1.66	52%	2.01	$321.66	$433.34
345/350	425/430	Oct 2	$3.81	$1.19	38%	3.20	$346.19	$428.81
330/335	430/435	Oct 2	$3.19	$1.81	48%	1.76	$331.81	$433.19
335/340	430/435	Sep 25	$3.15	$1.85	49%	1.70	$336.85	$433.15
335/340	420/425	Sep 25	$3.36	$1.64	44%	2.05	$336.64	$423.36
345/350	420/425	Oct 2	$3.65	$1.35	36%	2.70	$346.35	$423.65

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 176 found (best R:R 22.81, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$400.00	$410.00	$420.00	Sep 18	$0.42	$9.58	11%	22.81
$410.00	$420.00	$430.00	Sep 18	$0.40	$9.60	10%	24.00
$315.00	$325.00	$335.00	Sep 25	$0.29	$9.71	8%	33.48
$340.00	$345.00	$350.00	Sep 11	$0.08	$4.92	6%	61.50
$395.00	$400.00	$405.00	Oct 2	$0.08	$4.92	5%	61.50

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$370.00	$375.00	$380.00	Oct 2	$0.07	$4.93	6%	70.43
$390.00	$395.00	$400.00	Sep 18	$0.12	$4.88	6%	40.67
$367.50	$370.00	$372.50	Aug 28	$0.10	$2.40	10%	24.00
$320.00	$325.00	$330.00	Sep 25	$0.09	$4.91	4%	54.56
$327.50	$330.00	$332.50	Aug 28	$0.05	$2.45	1%	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. 88 found (best net $-9.31, 79 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$412.50	$415.00	1:2	Aug 28	-$0.01	$2.49
$415.00	$420.00	1:2	Aug 28	-$0.05	$4.95
$402.50	$405.00	1:2	Aug 28	-$0.19	$2.31
$410.00	$412.50	1:2	Aug 28	-$0.13	$2.37
$400.00	$402.50	1:2	Aug 28	-$0.31	$2.19

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$412.50	$400.00	1:2	Aug 28	-$9.31	$3.19
$430.00	$405.00	1:2	Sep 11	-$16.13	$8.87
$357.50	$355.00	1:2	Aug 28	-$0.03	$2.47
$375.00	$372.50	1:2	Aug 28	-$0.64	$1.86
$342.50	$340.00	1:2	Aug 28	$0.00	$2.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 95 found (best yield 5.86%, avg 2.74%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Oct 9	$22.35	0.45	4.9%	5.86%	10.79%	5	--
$405.00	Oct 2	$18.30	0.41	6.2%	4.80%	11.04%	5	24
$390.00	Oct 2	$23.70	0.48	2.3%	6.22%	8.52%	3	3
$400.00	Oct 2	$19.60	0.43	4.9%	5.14%	10.07%	8	36
$385.00	Oct 9	$25.50	0.52	1.0%	6.69%	7.68%	4	--
$410.00	Oct 9	$16.15	0.39	7.5%	4.24%	11.79%	27	--
$395.00	Oct 2	$20.90	0.46	3.6%	5.48%	9.10%	--	25
$400.00	Sep 25	$18.95	0.43	4.9%	4.97%	9.90%	17	24
$420.00	Oct 2	$13.85	0.34	10.2%	3.63%	13.81%	22	19
$430.00	Oct 2	$11.70	0.30	12.8%	3.07%	15.87%	3	16

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 25,118

Total Puts 17,629

Put/Call Ratio 0.70

Net Difference 7,489

Prior's Put/Call Breakdown

Total Calls 10,011

Total Puts 11,778

Put/Call Ratio 1.18

Net Difference -1,767

Prior 7-Day Put/Call Summary

Total Calls 142,822

Total Puts 121,139

Average Put/Call Ratio 0.83

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

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