PANW - Options Database

PANW

PALO ALTO NETWORKS I

$386.50 +13.91%

(8/27 14:00) ◀

Thursday, August 27, 2026 (3:00pm)

▶ (8/27 16:00)

◀ 8/27 15:00 ▶

Option Volume

Detail

ℹ

Current (08/27 3:00pm) 56,945

Calls: 32,602 (57%)

Puts: 24,343 (43%)

Prior (08/19) 27,609

Calls: 13,221 (48%)

Puts: 14,388 (52%)

Current vs Prior +106.26%

Calls: +146.59% (Calls)

Puts: +69.19% (Puts)

Prior 7-Day Total 320,233

Calls: 176,396 (55%)

Puts: 143,837 (45%)

Prior 7-Day Average 45,747

Calls: 25,199 (55%)

Puts: 20,548 (45%)

Current vs Prior 7-Day Avg +24.48%

Calls: +29.38%

Puts: +18.47%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/27 3:00pm) $101.19M

Calls: $80.28M (79%)

Puts: $20.92M (21%)

Prior (08/19) $51.41M

Calls: $37.53M (73%)

Puts: $13.88M (27%)

Current vs Prior +96.82%

Calls: +113.89%

Puts: +50.68%

Prior 7-Day Total $526.73M

Calls: $402.88M (76%)

Puts: $123.85M (24%)

Prior 7-Day Average $75.25M

Calls: $57.55M (76%)

Puts: $17.69M (24%)

Current vs Prior 7-Day Avg +34.48%

Calls: +39.48%

Puts: +18.23%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/27 3:00pm) 0.75

Prior (08/19) 1.09

Current vs Prior -31.39%

Prior 7-Day Average 0.80

Current vs Prior 7-Day Avg -7.21%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/27 3:00pm) 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 3.10% | 10.71%13.75% | 18.54%

Prior 3.66% | 6.95%3.66% | 15.49%

Current vs Prior -15.20% | +54.07%+276.08% | +19.69%

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

Current vs 7-Day Avg -60.72% | +9.52%+115.05% | +5.42%

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

Current vs 7-Day Eod -15.20% | +54.07%+0.89% | +0.08%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 23.95% | 8.82%

Calls: 14.75% | 9.55%

Puts: 33.16% | 8.08%

Prior 28.44% | 17.75%

Calls: 25.85% | 15.67%

Puts: 31.03% | 19.83%

Current vs Prior -15.79% | -50.31%

Prior 7-Day Avg 18.47% | 14.88%

Calls: 17.80% | 13.34%

Puts: 19.14% | 16.42%

Current vs 7-Day Avg +29.66% | -40.72%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($80.28M) vs puts ($20.92M). Elevated premium activity with dollar volume up 97% vs prior. Unusually high activity with volume up 106% vs prior - elevated interest. P/C ratio dropping 31% - 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
15:00	BULLISH	BULLISH	BULLISH
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

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 154 of results (avg 7.9%, best 3.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$390.00	Sep 18	23.30	24.20	$23.75	3.8%	101	0.51	784
$400.00	Sep 18	19.20	20.00	$19.60	4.1%	160	0.45	892
$350.00	Sep 18	45.95	48.00	$46.98	4.4%	234	0.75	900
$360.00	Sep 18	39.00	40.80	$39.90	4.5%	229	0.69	1.7K
$370.00	Sep 18	33.40	35.15	$34.28	5.1%	159	0.64	2.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$390.00	Sep 18	26.00	26.90	$26.45	3.4%	29	0.49	469
$380.00	Sep 18	21.00	22.05	$21.53	4.9%	91	0.43	502
$430.00	Sep 18	51.65	54.25	$52.95	4.9%	--	0.71	17
$370.00	Sep 18	16.40	17.30	$16.85	5.3%	78	0.36	482
$390.00	Sep 11	23.50	24.85	$24.18	5.6%	2	0.49	75

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. 172 found (avg delta 0.75, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$310.00	Aug 28	72.85	78.70	$75.78	7.7%	3	1.00	17
$315.00	Aug 28	67.85	74.85	$71.35	9.8%	2	1.00	38
$320.00	Aug 28	62.85	68.40	$65.63	8.5%	1	1.00	19
$325.00	Aug 28	57.80	64.45	$61.13	10.9%	--	1.00	52
$330.00	Aug 28	52.65	59.55	$56.10	12.3%	4	1.00	48

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$460.00	Aug 28	71.20	77.50	$74.35	8.5%	24	0.99	--
$415.00	Aug 28	26.70	32.35	$29.53	19.1%	1	0.97	--
$412.50	Aug 28	24.05	29.95	$27.00	21.9%	2	0.95	--
$400.00	Aug 28	13.55	18.35	$15.95	30.1%	2	0.83	--
$450.00	Sep 18	67.90	73.35	$70.63	7.7%	--	0.80	21

Most actively traded options today. High liquidity = easy entry/exit. 411 active (total vol 36.8K, top 1.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Aug 28	0.09	0.12	$0.11	27.3%	1.7K	0.02	1.2K
$425.00	Sep 4	7.30	8.10	$7.70	10.4%	1.7K	0.26	76
$400.00	Aug 28	1.20	1.33	$1.27	10.2%	1.3K	0.17	419
$390.00	Aug 28	3.45	4.00	$3.73	14.7%	1.1K	0.40	459
$385.00	Sep 4	19.95	21.95	$20.95	9.5%	1.0K	0.54	732

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Aug 28	0.05	0.09	$0.07	57.1%	1.2K	0.01	509
$355.00	Aug 28	0.05	0.10	$0.08	62.5%	883	0.01	879
$320.00	Sep 4	1.53	2.00	$1.77	26.6%	801	0.07	182
$335.00	Aug 28	0.02	0.07	$0.05	100.0%	768	0.01	908
$362.50	Aug 28	0.08	0.26	$0.17	105.9%	636	0.03	40

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 14.3%, max 41.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$385.00	Aug 28	Oct 9	66.7%	57.9%	15.2%	680	279
$380.00	Aug 28	Oct 9	63.2%	57.8%	9.3%	760	274
$375.00	Aug 28	Oct 9	64.5%	59.6%	8.3%	327	333
$400.00	Aug 28	Oct 9	67.3%	62.6%	7.5%	1.3K	419
$395.00	Aug 28	Oct 2	64.9%	61.2%	6.1%	696	582

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$410.00	Sep 4	Oct 2	88.7%	62.6%	41.7%	10	44
$430.00	Sep 4	Sep 18	89.8%	67.5%	33.0%	2	19
$420.00	Sep 4	Sep 18	88.7%	67.5%	31.3%	5	32
$385.00	Aug 28	Oct 2	66.7%	58.5%	14.0%	177	64
$375.00	Aug 28	Oct 9	64.5%	59.6%	8.3%	341	78

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 288 found (best R:R 3.81, avg 3.41)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$337.50	$340.00	Aug 28	$0.52	$1.98	$0.52	100%	3.81	$338.02
$385.00	$390.00	Oct 2	$0.87	$4.13	$0.87	54%	4.75	$385.87
$342.50	$345.00	Aug 28	$0.88	$1.62	$0.88	100%	1.84	$343.38
$347.50	$350.00	Aug 28	$0.91	$1.59	$0.91	100%	1.75	$348.41
$345.00	$350.00	Oct 2	$2.40	$2.60	$2.40	75%	1.08	$347.40

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$385.00	$382.50	Sep 4	$0.45	$2.05	$0.45	46%	4.56	$384.55
$380.00	$377.50	Sep 4	$0.40	$2.10	$0.40	42%	5.25	$379.60
$380.00	$375.00	Oct 2	$1.57	$3.43	$1.57	43%	2.18	$378.43
$395.00	$392.50	Sep 4	$0.92	$1.58	$0.92	54%	1.72	$394.08
$362.50	$360.00	Sep 18	$0.47	$2.03	$0.47	32%	4.32	$362.03

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 211 found (best R:R 0.59, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$445.00	$450.00	Aug 28	$1.38	$1.38	$3.62	92%	0.38	$446.38
$390.00	$395.00	Oct 2	$3.57	$3.57	$1.43	48%	2.50	$393.57
$440.00	$445.00	Sep 25	$2.01	$2.01	$2.99	73%	0.67	$442.01
$400.00	$410.00	Oct 9	$4.88	$4.88	$5.12	53%	0.95	$404.88
$390.00	$392.50	Sep 4	$1.57	$1.57	$0.93	50%	1.69	$391.57

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$370.00	$340.00	Oct 9	$11.15	$11.15	$18.85	62%	0.59	$358.85
$375.00	$370.00	Oct 9	$3.15	$3.15	$1.85	60%	1.70	$371.85
$375.00	$370.00	Oct 2	$3.08	$3.08	$1.92	60%	1.60	$371.92
$345.00	$340.00	Oct 2	$2.23	$2.23	$2.77	75%	0.81	$342.77
$382.50	$380.00	Sep 4	$1.85	$1.85	$0.65	56%	2.85	$380.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $13.91, cheapest $3.85)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$385.00	Aug 28	Sep 4	$14.85	66.7%	87.8%
$392.50	Aug 28	Sep 4	$14.66	65.6%	88.2%
$387.50	Aug 28	Sep 4	$15.23	64.0%	88.8%
$380.00	Aug 28	Sep 4	$14.47	63.2%	88.5%
$390.00	Aug 28	Sep 4	$15.42	64.6%	90.3%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$410.00	Sep 4	Sep 18	$3.85	88.7%	68.1%
$385.00	Aug 28	Sep 4	$14.32	66.7%	87.8%
$387.50	Aug 28	Sep 4	$14.55	64.0%	88.8%
$380.00	Aug 28	Sep 4	$14.27	63.2%	88.5%
$390.00	Aug 28	Sep 4	$15.07	64.6%	90.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 102 found (cheapest 2.74% of stock, avg 11.37%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$387.50	Aug 28	$4.72	$5.88	$10.60	$376.90	$398.10	2.74%
$385.00	Aug 28	$6.10	$4.88	$10.98	$374.02	$395.98	2.84%
$382.50	Aug 28	$7.45	$3.66	$11.11	$371.39	$393.61	2.87%
$390.00	Aug 28	$3.73	$7.48	$11.21	$378.79	$401.21	2.90%
$380.00	Aug 28	$9.23	$2.63	$11.86	$368.14	$391.86	3.07%
$395.00	Aug 28	$2.16	$10.70	$12.86	$382.14	$407.86	3.33%
$377.50	Aug 28	$11.20	$1.94	$13.14	$364.36	$390.64	3.40%
$375.00	Aug 28	$12.55	$1.42	$13.97	$361.03	$388.97	3.61%
$397.50	Aug 28	$1.70	$13.03	$14.73	$382.77	$412.23	3.81%
$372.50	Aug 28	$14.13	$0.98	$15.11	$357.39	$387.61	3.91%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.81% of stock, avg 8.89%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$397.50	$375.00	Aug 28	$1.70	$1.42	$3.12	$371.88	$400.62
$397.50	$377.50	Aug 28	$1.70	$1.94	$3.64	$373.86	$401.14
$395.00	$375.00	Aug 28	$2.16	$1.42	$3.58	$371.42	$398.58
$395.00	$377.50	Aug 28	$2.16	$1.94	$4.10	$373.40	$399.10
$397.50	$380.00	Aug 28	$1.70	$2.63	$4.33	$375.67	$401.83
$395.00	$380.00	Aug 28	$2.16	$2.63	$4.79	$375.21	$399.79
$392.50	$375.00	Aug 28	$2.92	$1.42	$4.34	$370.66	$396.84
$392.50	$377.50	Aug 28	$2.92	$1.94	$4.86	$372.64	$397.36
$392.50	$380.00	Aug 28	$2.92	$2.63	$5.55	$374.45	$398.05
$397.50	$382.50	Aug 28	$1.70	$3.66	$5.36	$377.14	$402.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 206 found (best R:R 3.00, avg credit $1.76)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
340/345	430/435	Oct 2	$3.75	$1.25	44%	3.00	$341.25	$433.75
340/345	425/430	Oct 2	$3.81	$1.19	41%	3.20	$341.19	$428.81
310/315	420/425	Sep 11	$2.19	$2.81	61%	0.78	$312.81	$422.19
328/330	420/425	Sep 11	$2.45	$2.55	55%	0.96	$327.55	$422.45
320/325	430/435	Oct 2	$2.60	$2.40	52%	1.08	$322.40	$432.60
345/350	430/435	Sep 25	$3.00	$2.00	44%	1.50	$347.00	$433.00
350/355	430/435	Sep 25	$3.12	$1.88	41%	1.66	$351.88	$433.12
345/350	430/435	Oct 2	$3.12	$1.88	41%	1.66	$346.88	$433.12
330/335	430/435	Sep 25	$2.61	$2.39	51%	1.09	$332.39	$432.61
355/360	430/435	Sep 25	$3.24	$1.76	38%	1.84	$356.76	$433.24

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 187 found (best R:R 89.91, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$400.00	$410.00	$420.00	Sep 18	$0.11	$9.89	11%	89.91
$390.00	$392.50	$395.00	Aug 28	$0.05	$2.45	13%	49.00
$430.00	$440.00	$450.00	Sep 18	$0.33	$9.67	8%	29.30
$315.00	$325.00	$335.00	Sep 25	$0.27	$9.73	7%	36.04
$385.00	$390.00	$395.00	Sep 11	$0.09	$4.91	7%	54.56

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$400.00	$410.00	$420.00	Sep 18	$0.51	$9.49	11%	18.61
$355.00	$360.00	$365.00	Sep 25	$0.06	$4.94	6%	82.33
$372.50	$375.00	$377.50	Aug 28	$0.08	$2.42	10%	30.25
$310.00	$315.00	$320.00	Oct 2	$0.05	$4.95	3%	99.00
$310.00	$315.00	$320.00	Sep 25	$0.05	$4.95	3%	99.00

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 $-0.50, 81 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$415.00	$420.00	1:2	Aug 28	-$0.04	$4.96
$410.00	$412.50	1:2	Aug 28	-$0.12	$2.38
$412.50	$415.00	1:2	Aug 28	-$0.09	$2.41
$425.00	$430.00	1:2	Aug 28	-$0.11	$4.89
$422.50	$425.00	1:2	Aug 28	-$0.10	$2.40

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$370.00	$340.00	1:2	Oct 9	-$0.50	$29.50
$412.50	$400.00	1:2	Aug 28	-$4.90	$7.60
$430.00	$405.00	1:2	Sep 11	-$13.71	$11.29
$365.00	$362.50	1:2	Aug 28	-$0.02	$2.48
$357.50	$355.00	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. 97 found (best yield 6.21%, avg 2.79%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Oct 9	$24.00	0.47	3.5%	6.21%	9.70%	6	--
$390.00	Oct 2	$27.80	0.52	0.9%	7.19%	8.10%	6	3
$415.00	Oct 2	$18.40	0.39	7.4%	4.76%	12.13%	6	30
$420.00	Oct 2	$16.65	0.37	8.7%	4.31%	12.98%	24	19
$410.00	Oct 9	$18.95	0.42	6.1%	4.90%	10.98%	27	--
$410.00	Oct 2	$19.15	0.41	6.1%	4.95%	11.03%	6	2
$390.00	Oct 9	$26.80	0.52	0.9%	6.93%	7.84%	1	--
$405.00	Oct 2	$20.40	0.44	4.8%	5.28%	10.06%	9	24
$400.00	Oct 2	$21.85	0.46	3.5%	5.65%	9.15%	20	36
$395.00	Oct 2	$23.65	0.49	2.2%	6.12%	8.32%	2	25

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 32,602

Total Puts 24,343

Put/Call Ratio 0.75

Net Difference 8,259

Prior's Put/Call Breakdown

Total Calls 13,221

Total Puts 14,388

Put/Call Ratio 1.09

Net Difference -1,167

Prior 7-Day Put/Call Summary

Total Calls 176,396

Total Puts 143,837

Average Put/Call Ratio 0.80

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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