PANW - Options Database

PANW

PALO ALTO NETWORKS I

$382.85 +12.83%

$383.64 (+0.21%)🌙

as of 08/27 04:00 PM

(8/27 15:00) ◀

Thursday, August 27, 2026 (4:00pm)

▶

◀ 8/27 16:00

Option Volume

Detail

ℹ

Current (08/27 4:00pm) 65,732

Calls: 37,490 (57%)

Puts: 28,242 (43%)

Prior (08/19) 30,823

Calls: 14,842 (48%)

Puts: 15,981 (52%)

Current vs Prior +113.26%

Calls: +152.59% (Calls)

Puts: +76.72% (Puts)

Prior 7-Day Total 334,431

Calls: 183,880 (55%)

Puts: 150,551 (45%)

Prior 7-Day Average 47,775

Calls: 26,268 (55%)

Puts: 21,507 (45%)

Current vs Prior 7-Day Avg +37.58%

Calls: +42.72%

Puts: +31.31%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/27 4:00pm) $112.42M

Calls: $83.53M (74%)

Puts: $28.89M (26%)

Prior (08/19) $57.94M

Calls: $42.98M (74%)

Puts: $14.95M (26%)

Current vs Prior +94.04%

Calls: +94.33%

Puts: +93.21%

Prior 7-Day Total $552.93M

Calls: $425.55M (77%)

Puts: $127.38M (23%)

Prior 7-Day Average $78.99M

Calls: $60.79M (77%)

Puts: $18.20M (23%)

Current vs Prior 7-Day Avg +42.32%

Calls: +37.40%

Puts: +58.76%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/27 4:00pm) 0.75

Prior (08/19) 1.08

Current vs Prior -30.04%

Prior 7-Day Average 0.81

Current vs Prior 7-Day Avg -7.13%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/27 4:00pm) 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 3.02% | 10.71%13.83% | 18.41%

Prior 3.66% | 6.95%3.66% | 15.49%

Current vs Prior -17.25% | +54.18%+278.45% | +18.87%

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

Current vs 7-Day Avg -61.67% | +9.60%+116.40% | +4.70%

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

Current vs 7-Day Eod -17.25% | +54.18%+1.53% | -0.60%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 28.14% | 22.80%

Calls: 29.84% | 23.43%

Puts: 26.45% | 22.17%

Prior 28.44% | 17.75%

Calls: 25.85% | 15.67%

Puts: 31.03% | 19.83%

Current vs Prior -1.05% | +28.45%

Prior 7-Day Avg 18.47% | 14.88%

Calls: 17.80% | 13.34%

Puts: 19.14% | 16.42%

Current vs 7-Day Avg +52.34% | +53.25%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($83.53M). Elevated premium activity with dollar volume up 94% vs prior. Unusually high activity with volume up 113% vs prior - elevated interest. P/C ratio dropping 30% - 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
16:00	BULLISH	BULLISH	BULLISH
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 47 of results (avg 8.6%, best 6.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$370.00	Sep 18	30.70	32.70	$31.70	6.3%	160	0.62	2.3K
$315.00	Sep 25	71.80	76.55	$74.18	6.4%	--	0.88	10
$310.00	Sep 18	74.25	79.75	$77.00	7.1%	19	0.91	557
$310.00	Sep 25	75.60	81.20	$78.40	7.1%	--	0.89	16
$320.00	Sep 4	64.00	68.85	$66.43	7.3%	--	0.92	12

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$450.00	Sep 18	69.05	74.75	$71.90	7.9%	--	0.82	21
$430.00	Sep 11	50.70	55.65	$53.18	9.3%	--	0.77	11
$395.00	Sep 4	26.00	28.55	$27.28	9.3%	232	0.57	28
$430.00	Sep 18	52.60	57.85	$55.23	9.5%	--	0.72	17

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.75, cheapest $0.75)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Aug 28	0.69	0.80	$0.75	14.7%	1.5K	0.12	419

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 172 found (avg delta 0.74, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$315.00	Aug 28	66.05	71.75	$68.90	8.3%	2	1.00	38
$320.00	Aug 28	60.80	66.75	$63.78	9.3%	1	1.00	19
$325.00	Aug 28	56.00	61.35	$58.68	9.1%	--	1.00	52
$330.00	Aug 28	51.15	56.45	$53.80	9.9%	4	1.00	48
$310.00	Aug 28	71.25	76.75	$74.00	7.4%	3	1.00	17

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$415.00	Aug 28	28.55	35.05	$31.80	20.4%	2	1.00	--
$412.50	Aug 28	25.85	32.95	$29.40	24.1%	2	0.93	--
$400.00	Aug 28	14.35	19.80	$17.08	31.9%	2	0.90	--
$397.50	Aug 28	12.15	17.60	$14.88	36.6%	7	0.85	--
$450.00	Sep 18	69.05	74.75	$71.90	7.9%	--	0.82	21

Most actively traded options today. High liquidity = easy entry/exit. 411 active (total vol 40.8K, top 1.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$425.00	Sep 4	4.70	7.75	$6.23	49.0%	1.9K	0.23	76
$420.00	Aug 28	0.03	0.07	$0.05	80.0%	1.8K	0.01	1.2K
$400.00	Aug 28	0.69	0.80	$0.75	14.7%	1.5K	0.12	419
$390.00	Aug 28	2.11	2.60	$2.36	20.8%	1.2K	0.30	459
$385.00	Sep 4	18.50	20.35	$19.43	9.5%	1.0K	0.51	732

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Aug 28	0.01	0.20	$0.11	172.7%	1.2K	0.02	509
$370.00	Aug 28	0.65	1.17	$0.91	57.1%	974	0.14	107
$355.00	Aug 28	0.08	0.44	$0.26	138.5%	898	0.04	879
$320.00	Sep 4	1.70	2.00	$1.85	16.2%	813	0.08	182
$335.00	Aug 28	0.01	0.13	$0.07	171.4%	771	0.01	908

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 16.3%, max 57.9%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$375.00	Aug 28	Oct 9	66.7%	59.1%	12.8%	353	333
$380.00	Aug 28	Oct 9	63.8%	57.4%	11.3%	793	274
$385.00	Aug 28	Oct 9	61.5%	57.1%	7.6%	726	279
$395.00	Aug 28	Oct 2	65.1%	62.1%	4.8%	818	582
$390.00	Aug 28	Oct 9	62.2%	61.1%	1.9%	1.2K	459

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$410.00	Sep 4	Oct 2	91.9%	58.2%	57.9%	10	44
$420.00	Sep 4	Sep 18	90.6%	66.8%	35.7%	5	32
$430.00	Sep 4	Sep 18	91.5%	69.0%	32.6%	2	19
$375.00	Aug 28	Oct 9	66.7%	59.1%	12.8%	352	78
$380.00	Aug 28	Oct 9	63.8%	57.4%	11.3%	668	66

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 275 found (best R:R 0.70, avg 3.67)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$350.00	$370.00	Oct 9	$11.78	$8.22	$11.78	71%	0.70	$361.78
$375.00	$380.00	Sep 18	$1.52	$3.48	$1.52	59%	2.29	$376.52
$420.00	$430.00	Sep 18	$1.70	$8.30	$1.70	32%	4.88	$421.70
$390.00	$395.00	Oct 2	$1.37	$3.63	$1.37	52%	2.65	$391.37
$350.00	$355.00	Oct 2	$2.50	$2.50	$2.50	73%	1.00	$352.50

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$397.50	$395.00	Sep 4	$0.75	$1.75	$0.75	59%	2.33	$396.75
$397.50	$395.00	Aug 28	$1.53	$0.97	$1.53	85%	0.63	$395.97
$385.00	$380.00	Oct 2	$1.67	$3.33	$1.67	47%	1.99	$383.33
$410.00	$400.00	Sep 4	$5.88	$4.12	$5.88	67%	0.70	$404.12
$380.00	$375.00	Oct 9	$1.63	$3.37	$1.63	44%	2.07	$378.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 208 found (best R:R 0.63, avg 0.52)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$405.00	$410.00	Oct 2	$3.50	$3.50	$1.50	56%	2.33	$408.50
$445.00	$450.00	Aug 28	$1.45	$1.45	$3.55	92%	0.41	$446.45
$405.00	$407.50	Sep 4	$1.78	$1.78	$0.72	63%	2.47	$406.78
$440.00	$450.00	Sep 18	$2.68	$2.68	$7.32	77%	0.37	$442.68
$435.00	$440.00	Sep 11	$1.65	$1.65	$3.35	78%	0.49	$436.65

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$370.00	$340.00	Oct 9	$11.65	$11.65	$18.35	61%	0.63	$358.35
$375.00	$370.00	Oct 9	$3.85	$3.85	$1.15	58%	3.35	$371.15
$325.00	$315.00	Oct 9	$3.15	$3.15	$6.85	82%	0.46	$321.85
$375.00	$370.00	Oct 2	$3.58	$3.58	$1.42	59%	2.52	$371.42
$360.00	$350.00	Oct 2	$4.08	$4.08	$5.92	67%	0.69	$355.92

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $13.83, cheapest $3.94)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$377.50	Aug 28	Sep 4	$14.81	61.9%	83.8%
$382.50	Aug 28	Sep 4	$14.74	63.9%	87.4%
$380.00	Aug 28	Sep 4	$14.93	63.8%	88.3%
$387.50	Aug 28	Sep 4	$15.10	63.0%	90.2%
$390.00	Aug 28	Sep 4	$14.94	62.2%	90.5%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$410.00	Sep 4	Sep 18	$3.94	91.9%	67.7%
$377.50	Aug 28	Sep 4	$13.62	61.9%	83.8%
$382.50	Aug 28	Sep 4	$14.72	63.9%	87.4%
$380.00	Aug 28	Sep 4	$14.77	63.8%	88.3%
$387.50	Aug 28	Sep 4	$14.40	63.0%	90.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 113 found (cheapest 2.65% of stock, avg 11.52%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$385.00	Aug 28	$4.10	$6.05	$10.15	$374.85	$395.15	2.65%
$382.50	Aug 28	$5.53	$4.80	$10.33	$372.17	$392.83	2.70%
$380.00	Aug 28	$6.75	$3.68	$10.43	$369.57	$390.43	2.72%
$377.50	Aug 28	$8.07	$2.61	$10.68	$366.82	$388.18	2.79%
$387.50	Aug 28	$3.23	$7.88	$11.11	$376.39	$398.61	2.90%
$390.00	Aug 28	$2.36	$9.63	$11.99	$378.01	$401.99	3.13%
$375.00	Aug 28	$9.82	$2.19	$12.01	$362.99	$387.01	3.14%
$372.50	Aug 28	$11.98	$1.31	$13.29	$359.21	$385.79	3.47%
$395.00	Aug 28	$1.37	$13.35	$14.72	$380.28	$409.72	3.84%
$370.00	Aug 28	$14.13	$0.91	$15.04	$354.96	$385.04	3.93%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.70% of stock, avg 9.00%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$395.00	$372.50	Aug 28	$1.37	$1.31	$2.68	$369.82	$397.68
$392.50	$372.50	Aug 28	$1.72	$1.31	$3.03	$369.47	$395.53
$395.00	$375.00	Aug 28	$1.37	$2.19	$3.56	$371.44	$398.56
$392.50	$375.00	Aug 28	$1.72	$2.19	$3.91	$371.09	$396.41
$390.00	$372.50	Aug 28	$2.36	$1.31	$3.67	$368.83	$393.67
$395.00	$377.50	Aug 28	$1.37	$2.61	$3.98	$373.52	$398.98
$392.50	$377.50	Aug 28	$1.72	$2.61	$4.33	$373.17	$396.83
$390.00	$375.00	Aug 28	$2.36	$2.19	$4.55	$370.45	$394.55
$390.00	$377.50	Aug 28	$2.36	$2.61	$4.97	$372.53	$394.97
$387.50	$372.50	Aug 28	$3.23	$1.31	$4.54	$367.96	$392.04

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 228 found (best R:R 13.71, avg credit $1.53)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
332/335	410/412	Sep 4	$2.33	$0.17	53%	13.71	$332.67	$412.33
318/320	410/412	Sep 4	$1.87	$0.63	59%	2.97	$318.13	$411.87
338/340	410/412	Sep 4	$1.85	$0.65	50%	2.85	$338.15	$411.85
325/328	410/412	Sep 4	$1.69	$0.81	56%	2.09	$325.81	$411.69
332/335	412/415	Sep 4	$1.67	$0.83	55%	2.01	$333.33	$414.17
325/328	412/415	Aug 28	$0.78	$1.72	90%	0.45	$326.72	$413.28
320/322	410/412	Sep 4	$1.58	$0.92	58%	1.72	$320.92	$411.58
335/338	412/415	Aug 28	$0.74	$1.76	90%	0.42	$336.76	$413.24
310/312	412/415	Aug 28	$0.68	$1.82	91%	0.37	$311.82	$413.18
328/330	410/412	Sep 4	$1.57	$0.93	55%	1.69	$328.43	$411.57

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 188 found (best R:R 110.11, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$390.00	$400.00	$410.00	Oct 9	$0.09	$9.91	10%	110.11
$395.00	$400.00	$405.00	Sep 11	$0.06	$4.94	7%	82.33
$377.50	$380.00	$382.50	Aug 28	$0.10	$2.40	16%	24.00
$325.00	$330.00	$335.00	Sep 18	$0.06	$4.94	5%	82.33
$410.00	$415.00	$420.00	Sep 11	$0.11	$4.89	5%	44.45

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$400.00	$410.00	$420.00	Sep 18	$0.29	$9.71	11%	33.48
$410.00	$420.00	$430.00	Sep 18	$0.39	$9.61	10%	24.64
$380.00	$382.50	$385.00	Aug 28	$0.13	$2.37	16%	18.23
$335.00	$340.00	$345.00	Oct 2	$0.05	$4.95	5%	99.00
$410.00	$415.00	$420.00	Sep 4	$0.11	$4.89	6%	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. 87 found (best net $-4.76, 74 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$415.00	$420.00	1:2	Aug 28	$0.00	$5.00
$425.00	$430.00	1:2	Aug 28	-$0.06	$4.94
$405.00	$407.50	1:2	Aug 28	-$0.16	$2.34
$402.50	$405.00	1:2	Aug 28	-$0.23	$2.27
$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	-$4.76	$7.74
$430.00	$405.00	1:2	Sep 11	-$16.42	$8.58
$375.00	$372.50	1:2	Aug 28	-$0.43	$2.07
$362.50	$360.00	1:2	Aug 28	-$0.03	$2.47
$342.50	$340.00	1:2	Aug 28	-$0.03	$2.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 97 found (best yield 5.75%, avg 2.66%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Oct 9	$22.00	0.46	4.5%	5.75%	10.23%	6	--
$390.00	Oct 9	$26.15	0.51	1.9%	6.83%	8.70%	1	--
$395.00	Oct 2	$23.50	0.49	3.2%	6.14%	9.31%	5	25
$385.00	Oct 2	$28.00	0.54	0.6%	7.31%	7.88%	8	15
$405.00	Oct 2	$19.35	0.44	5.8%	5.05%	10.84%	9	24
$410.00	Oct 9	$17.55	0.41	7.1%	4.58%	11.68%	28	--
$385.00	Oct 9	$27.45	0.53	0.6%	7.17%	7.73%	4	--
$400.00	Oct 2	$20.30	0.46	4.5%	5.30%	9.78%	22	36
$390.00	Oct 2	$24.15	0.52	1.9%	6.31%	8.18%	13	3
$410.00	Oct 2	$16.15	0.41	7.1%	4.22%	11.31%	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 37,490

Total Puts 28,242

Put/Call Ratio 0.75

Net Difference 9,248

Prior's Put/Call Breakdown

Total Calls 14,842

Total Puts 15,981

Put/Call Ratio 1.08

Net Difference -1,139

Prior 7-Day Put/Call Summary

Total Calls 183,880

Total Puts 150,551

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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