PANW - Options Database

PANW

PALO ALTO NETWORKS I

$385.85 +13.72%

(8/27 13:00) ◀

Thursday, August 27, 2026 (2:00pm)

▶ (8/27 15:00)

◀ 8/27 14:00 ▶

Option Volume

Detail

ℹ

Current (08/27 2:00pm) 50,632

Calls: 29,899 (59%)

Puts: 20,733 (41%)

Prior (08/19) 24,500

Calls: 11,367 (46%)

Puts: 13,133 (54%)

Current vs Prior +106.66%

Calls: +163.03% (Calls)

Puts: +57.87% (Puts)

Prior 7-Day Total 306,708

Calls: 167,940 (55%)

Puts: 138,768 (45%)

Prior 7-Day Average 43,815

Calls: 23,991 (55%)

Puts: 19,824 (45%)

Current vs Prior 7-Day Avg +15.56%

Calls: +24.62%

Puts: +4.59%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/27 2:00pm) $92.72M

Calls: $73.43M (79%)

Puts: $19.30M (21%)

Prior (08/19) $43.12M

Calls: $31.60M (73%)

Puts: $11.52M (27%)

Current vs Prior +115.01%

Calls: +132.36%

Puts: +67.43%

Prior 7-Day Total $500.41M

Calls: $379.33M (76%)

Puts: $121.09M (24%)

Prior 7-Day Average $71.49M

Calls: $54.19M (76%)

Puts: $17.30M (24%)

Current vs Prior 7-Day Avg +29.70%

Calls: +35.50%

Puts: +11.55%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/27 2:00pm) 0.69

Prior (08/19) 1.16

Current vs Prior -39.98%

Prior 7-Day Average 0.81

Current vs Prior 7-Day Avg -14.40%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/27 2:00pm) 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 4,093,239

Calls: 2,059,297 (50%)

Puts: 2,033,942 (50%)

Prior 7-Day Average 584,748

Calls: 294,185 (50%)

Puts: 290,563 (50%)

Current vs Prior 7-Day Avg -2.27%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 3.18% | 10.87%13.98% | 18.62%

Prior 3.66% | 6.95%3.66% | 15.49%

Current vs Prior -13.07% | +56.38%+282.53% | +20.21%

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

Current vs 7-Day Avg -59.73% | +11.16%+118.73% | +5.87%

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

Current vs 7-Day Eod -13.07% | +56.38%+2.62% | +0.51%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 25.98% | 7.55%

Calls: 20.90% | 4.47%

Puts: 31.05% | 10.63%

Prior 28.44% | 17.75%

Calls: 25.85% | 15.67%

Puts: 31.03% | 19.83%

Current vs Prior -8.65% | -57.46%

Prior 7-Day Avg 18.47% | 14.88%

Calls: 17.80% | 13.34%

Puts: 19.14% | 16.42%

Current vs 7-Day Avg +40.65% | -49.25%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($73.43M) vs puts ($19.30M). Massive premium surge with dollar volume up 115% vs prior. Unusually high activity with volume up 107% vs prior - elevated interest. Bullish P/C ratio of 0.69.

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 BULLISH

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
14:00	BULLISH	BULLISH	BULLISH
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

🎯

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 103 of results (avg 7.8%, best 4.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$385.00	Sep 4	20.75	21.70	$21.23	4.5%	987	0.54	732
$360.00	Sep 18	39.05	40.85	$39.95	4.5%	202	0.69	1.7K
$375.00	Sep 11	28.20	29.50	$28.85	4.5%	121	0.60	62
$310.00	Sep 18	77.40	81.35	$79.38	5.0%	18	0.92	557
$400.00	Sep 18	19.05	20.05	$19.55	5.1%	147	0.45	892

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Sep 18	44.75	47.05	$45.90	5.0%	--	0.66	30
$360.00	Sep 18	13.00	13.70	$13.35	5.2%	30	0.30	692
$390.00	Sep 18	26.70	28.15	$27.42	5.3%	21	0.49	469
$380.00	Sep 18	21.10	22.45	$21.78	6.2%	90	0.43	502
$390.00	Sep 25	27.80	29.60	$28.70	6.3%	2	0.49	3

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. 170 found (avg delta 0.75, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$315.00	Aug 28	67.60	74.25	$70.93	9.4%	2	1.00	38
$320.00	Aug 28	62.60	68.40	$65.50	8.9%	1	1.00	19
$335.00	Aug 28	47.10	53.35	$50.23	12.4%	11	1.00	110
$310.00	Aug 28	72.60	78.95	$75.78	8.4%	3	1.00	17
$330.00	Aug 28	53.45	58.45	$55.95	8.9%	4	1.00	48

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$460.00	Aug 28	70.55	77.85	$74.20	9.8%	24	1.00	--
$415.00	Aug 28	26.30	32.60	$29.45	21.4%	1	0.95	--
$412.50	Aug 28	24.05	30.15	$27.10	22.5%	2	0.95	--
$400.00	Aug 28	13.55	19.00	$16.27	33.5%	2	0.84	--
$450.00	Sep 18	67.55	73.70	$70.63	8.7%	--	0.79	21

Most actively traded options today. High liquidity = easy entry/exit. 406 active (total vol 32.5K, top 1.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Aug 28	0.06	0.12	$0.09	66.7%	1.7K	0.02	1.2K
$425.00	Sep 4	6.70	7.80	$7.25	15.2%	1.7K	0.26	76
$400.00	Aug 28	1.01	1.39	$1.20	31.7%	1.1K	0.17	419
$390.00	Aug 28	3.25	4.00	$3.63	20.7%	1.0K	0.39	459
$385.00	Sep 4	20.75	21.70	$21.23	4.5%	987	0.54	732

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Aug 28	0.05	0.10	$0.08	62.5%	1.2K	0.01	509
$355.00	Aug 28	0.11	0.15	$0.13	30.8%	858	0.02	879
$370.00	Aug 28	0.57	1.18	$0.88	69.3%	586	0.12	107
$320.00	Sep 4	1.50	2.00	$1.75	28.6%	490	0.07	182
$365.00	Aug 28	0.26	0.59	$0.43	76.7%	329	0.07	157

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 13.5%, max 42.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$380.00	Aug 28	Oct 9	65.3%	57.9%	12.9%	744	274
$375.00	Aug 28	Oct 9	66.5%	59.8%	11.4%	325	333
$385.00	Aug 28	Oct 9	64.0%	57.9%	10.6%	596	279
$400.00	Aug 28	Oct 9	66.0%	61.1%	8.0%	1.1K	419
$372.50	Aug 28	Sep 18	68.9%	66.4%	3.7%	220	204

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$410.00	Sep 4	Oct 2	87.8%	61.8%	42.2%	10	44
$430.00	Sep 4	Sep 18	88.9%	67.9%	31.0%	2	19
$420.00	Sep 4	Sep 18	87.8%	67.7%	29.7%	1	32
$380.00	Aug 28	Oct 2	65.3%	58.1%	12.4%	209	68
$375.00	Aug 28	Oct 9	66.5%	59.8%	11.4%	294	78

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 284 found (best R:R 0.68, avg 3.49)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$350.00	$370.00	Oct 9	$11.91	$8.09	$11.91	72%	0.68	$361.91
$390.00	$400.00	Oct 9	$3.42	$6.58	$3.42	52%	1.92	$393.42
$357.50	$360.00	Aug 28	$1.18	$1.32	$1.18	97%	1.12	$358.68
$372.50	$375.00	Sep 11	$0.38	$2.12	$0.38	62%	5.58	$372.88
$385.00	$390.00	Sep 25	$1.45	$3.55	$1.45	54%	2.45	$386.45

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$385.00	$382.50	Sep 4	$0.48	$2.02	$0.48	46%	4.21	$384.52
$392.50	$390.00	Sep 4	$0.75	$1.75	$0.75	52%	2.33	$391.75
$410.00	$400.00	Sep 4	$5.70	$4.30	$5.70	65%	0.75	$404.30
$420.00	$415.00	Sep 4	$3.05	$1.95	$3.05	72%	0.64	$416.95
$385.00	$382.50	Aug 28	$0.58	$1.92	$0.58	46%	3.31	$384.42

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 211 found (best R:R 0.58, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$445.00	$450.00	Aug 28	$1.37	$1.37	$3.63	92%	0.38	$446.37
$390.00	$395.00	Sep 25	$3.05	$3.05	$1.95	49%	1.56	$393.05
$400.00	$410.00	Oct 9	$5.00	$5.00	$5.00	53%	1.00	$405.00
$400.00	$405.00	Sep 25	$2.68	$2.68	$2.32	54%	1.16	$402.68
$405.00	$407.50	Sep 4	$1.28	$1.28	$1.22	61%	1.05	$406.28

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$370.00	$340.00	Oct 9	$11.05	$11.05	$18.95	62%	0.58	$358.95
$325.00	$315.00	Oct 9	$3.12	$3.12	$6.88	82%	0.45	$321.88
$375.00	$370.00	Oct 9	$3.33	$3.33	$1.67	59%	1.99	$371.67
$385.00	$380.00	Oct 2	$3.31	$3.31	$1.69	53%	1.96	$381.69
$345.00	$340.00	Oct 2	$2.18	$2.18	$2.82	75%	0.77	$342.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $13.84, cheapest $4.00)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$382.50	Aug 28	Sep 4	$14.77	70.5%	91.9%
$392.50	Aug 28	Sep 4	$14.22	64.6%	86.6%
$387.50	Aug 28	Sep 4	$14.93	64.5%	87.0%
$380.00	Aug 28	Sep 4	$14.53	65.3%	88.2%
$390.00	Aug 28	Sep 4	$14.75	63.4%	87.5%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$410.00	Sep 4	Sep 18	$4.00	87.8%	67.4%
$382.50	Aug 28	Sep 4	$14.80	70.5%	91.9%
$387.50	Aug 28	Sep 4	$14.42	64.5%	87.0%
$380.00	Aug 28	Sep 4	$14.09	65.3%	88.2%
$390.00	Aug 28	Sep 4	$15.65	63.4%	87.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 103 found (cheapest 2.79% of stock, avg 11.36%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$387.50	Aug 28	$4.47	$6.28	$10.75	$376.75	$398.25	2.79%
$385.00	Aug 28	$5.98	$4.88	$10.86	$374.14	$395.86	2.81%
$390.00	Aug 28	$3.63	$7.38	$11.01	$378.99	$401.01	2.85%
$382.50	Aug 28	$7.58	$4.30	$11.88	$370.62	$394.38	3.08%
$380.00	Aug 28	$9.05	$2.96	$12.01	$367.99	$392.01	3.11%
$377.50	Aug 28	$10.18	$2.13	$12.31	$365.19	$389.81	3.19%
$395.00	Aug 28	$2.08	$11.52	$13.60	$381.40	$408.60	3.52%
$375.00	Aug 28	$12.53	$1.67	$14.20	$360.80	$389.20	3.68%
$397.50	Aug 28	$1.66	$13.70	$15.36	$382.14	$412.86	3.98%
$372.50	Aug 28	$14.25	$1.31	$15.56	$356.94	$388.06	4.03%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.86% of stock, avg 8.85%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$397.50	$375.00	Aug 28	$1.66	$1.67	$3.33	$371.67	$400.83
$397.50	$377.50	Aug 28	$1.66	$2.13	$3.79	$373.71	$401.29
$395.00	$375.00	Aug 28	$2.08	$1.67	$3.75	$371.25	$398.75
$395.00	$377.50	Aug 28	$2.08	$2.13	$4.21	$373.29	$399.21
$392.50	$375.00	Aug 28	$2.86	$1.67	$4.53	$370.47	$397.03
$397.50	$380.00	Aug 28	$1.66	$2.96	$4.62	$375.38	$402.12
$392.50	$377.50	Aug 28	$2.86	$2.13	$4.99	$372.51	$397.49
$395.00	$380.00	Aug 28	$2.08	$2.96	$5.04	$374.96	$400.04
$392.50	$380.00	Aug 28	$2.86	$2.96	$5.82	$374.18	$398.32
$390.00	$375.00	Aug 28	$3.63	$1.67	$5.30	$369.70	$395.30

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 221 found (best R:R 2.70, avg credit $1.72)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
340/345	430/435	Oct 2	$3.65	$1.35	44%	2.70	$341.35	$433.65
315/320	430/435	Oct 2	$2.95	$2.05	54%	1.44	$317.05	$432.95
335/338	410/412	Sep 4	$1.65	$0.85	50%	1.94	$335.85	$411.65
340/345	425/430	Oct 2	$3.33	$1.67	42%	1.99	$341.67	$428.33
345/350	425/430	Sep 25	$3.33	$1.67	41%	1.99	$346.67	$428.33
350/355	425/430	Sep 25	$3.47	$1.53	38%	2.27	$351.53	$428.47
320/322	410/412	Sep 4	$1.45	$1.05	57%	1.38	$321.05	$411.45
310/315	420/425	Sep 11	$2.26	$2.74	61%	0.82	$312.74	$422.26
315/318	410/412	Sep 4	$1.34	$1.16	58%	1.16	$316.16	$411.34
325/328	410/412	Sep 4	$1.40	$1.10	55%	1.27	$326.10	$411.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 185 found (best R:R 24.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$410.00	$420.00	$430.00	Sep 18	$0.40	$9.60	10%	24.00
$387.50	$390.00	$392.50	Aug 28	$0.07	$2.43	14%	34.71
$382.50	$385.00	$387.50	Aug 28	$0.09	$2.41	14%	26.78
$385.00	$390.00	$395.00	Sep 18	$0.07	$4.93	6%	70.43
$440.00	$445.00	$450.00	Sep 11	$0.06	$4.94	4%	82.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$385.00	$390.00	$395.00	Sep 11	$0.07	$4.93	7%	70.43
$330.00	$335.00	$340.00	Oct 2	$0.08	$4.92	4%	61.50
$335.00	$340.00	$345.00	Sep 25	$0.09	$4.91	5%	54.56
$372.50	$375.00	$377.50	Aug 28	$0.10	$2.40	9%	24.00
$330.00	$335.00	$340.00	Sep 25	$0.11	$4.89	4%	44.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 86 found (best net $-0.70, 76 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$410.00	$412.50	1:2	Aug 28	-$0.21	$2.29
$405.00	$407.50	1:2	Aug 28	-$0.30	$2.20
$407.50	$410.00	1:2	Aug 28	-$0.27	$2.23
$402.50	$405.00	1:2	Aug 28	-$0.40	$2.10
$412.50	$415.00	1:2	Aug 28	-$0.27	$2.23

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$370.00	$340.00	1:2	Oct 9	-$0.70	$29.30
$412.50	$400.00	1:2	Aug 28	-$5.44	$7.06
$430.00	$405.00	1:2	Sep 11	-$14.47	$10.53
$395.00	$390.00	1:2	Aug 28	-$3.24	$1.76
$337.50	$335.00	1:2	Aug 28	-$0.01	$2.49

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 97 found (best yield 6.32%, avg 2.71%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Oct 9	$24.40	0.47	3.7%	6.32%	9.99%	6	--
$415.00	Oct 2	$18.05	0.38	7.5%	4.68%	12.23%	6	30
$410.00	Oct 9	$18.90	0.42	6.3%	4.90%	11.16%	27	--
$390.00	Oct 9	$26.60	0.52	1.1%	6.89%	7.97%	1	--
$405.00	Oct 2	$20.15	0.43	5.0%	5.22%	10.19%	6	24
$400.00	Oct 2	$21.85	0.46	3.7%	5.66%	9.33%	20	36
$395.00	Oct 2	$23.65	0.48	2.4%	6.13%	8.50%	2	25
$400.00	Sep 25	$21.25	0.46	3.7%	5.51%	9.17%	26	24
$420.00	Oct 2	$15.35	0.36	8.8%	3.98%	12.83%	24	19
$390.00	Sep 25	$25.40	0.51	1.1%	6.58%	7.66%	7	72

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 29,899

Total Puts 20,733

Put/Call Ratio 0.69

Net Difference 9,166

Prior's Put/Call Breakdown

Total Calls 11,367

Total Puts 13,133

Put/Call Ratio 1.16

Net Difference -1,766

Prior 7-Day Put/Call Summary

Total Calls 167,940

Total Puts 138,768

Average Put/Call Ratio 0.81

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

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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