PANW - Options Database

PANW

PALO ALTO NETWORKS I

$379.59 +2.15%

(8/28 18:51) ◀

Monday, August 31, 2026 (2:05pm)

▶ (8/31 18:00)

◀ 8/31 14:05 ▶

Option Volume

Detail

ℹ

Current (08/31 2:05pm) 36,737

Calls: 18,168 (49%)

Puts: 18,569 (51%)

Prior (08/03) 6,387

Calls: 4,257 (67%)

Puts: 2,130 (33%)

Current vs Prior +475.18%

Calls: +326.78% (Calls)

Puts: +771.78% (Puts)

Prior 7-Day Total 349,531

Calls: 191,471 (55%)

Puts: 158,060 (45%)

Prior 7-Day Average 49,933

Calls: 27,353 (55%)

Puts: 22,580 (45%)

Current vs Prior 7-Day Avg -26.43%

Calls: -33.58%

Puts: -17.76%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/31 2:05pm) $98.46M

Calls: $81.49M (83%)

Puts: $16.97M (17%)

Prior (08/03) $6.70M

Calls: $5.72M (85%)

Puts: $971.1K (15%)

Current vs Prior +1370.50%

Calls: +1323.48%

Puts: +1647.66%

Prior 7-Day Total $572.63M

Calls: $435.65M (76%)

Puts: $136.97M (24%)

Prior 7-Day Average $81.80M

Calls: $62.24M (76%)

Puts: $19.57M (24%)

Current vs Prior 7-Day Avg +20.36%

Calls: +30.93%

Puts: -13.27%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/31 2:05pm) 1.02

Prior (08/03) 0.50

Current vs Prior +104.27%

Prior 7-Day Average 0.82

Current vs Prior 7-Day Avg +24.69%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/31 2:05pm) 569,654

Calls: 289,616 (51%)

Puts: 280,038 (49%)

Prior (08/03) 550,545

Calls: 281,674 (51%)

Puts: 268,871 (49%)

Current vs Prior +3.47%

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 -2.58%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)

Current 9.37% | 11.08%12.49% | 17.65%

Prior 3.66% | 6.95%3.66% | 15.49%

Current vs Prior +156.44% | +59.41%+241.70% | +13.91%

Prior 7-Day Avg 6.51% | 10.04%10.64% | 18.16%

Current vs 7-Day Avg +43.95% | +10.31%+17.37% | -2.84%

Prior 7-Day Eod 3.66% | 6.95%12.36% | 17.99%

Current vs 7-Day Eod +156.44% | +59.41%+1.09% | -1.93%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 7.40% | 11.39%

Calls: 9.63% | 12.56%

Puts: 5.17% | 10.22%

Prior 28.44% | 17.75%

Calls: 25.85% | 15.67%

Puts: 31.03% | 19.83%

Current vs Prior -73.98% | -35.83%

Prior 7-Day Avg 18.47% | 14.88%

Calls: 17.80% | 13.34%

Puts: 19.14% | 16.42%

Current vs 7-Day Avg -59.94% | -23.44%

Liquidity Expensive

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Strong bullish conviction with 83% of dollar volume in calls ($81.49M) vs puts ($16.97M). Massive premium surge with dollar volume up 1370% vs prior. Unusually high activity with volume up 475% vs prior - elevated interest. Slightly bearish P/C ratio of 1.02.

Smart Money BULLISH

Retail Flow NEUTRAL

Overall MIXED

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current NEUTRAL

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	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
14:05	BULLISH	NEUTRAL	MIXED
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 88 of results (avg 7.9%, best 1.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Sep 4	4.85	4.90	$4.88	1.0%	1.8K	0.21	329
$400.00	Sep 18	14.50	15.00	$14.75	3.4%	89	0.39	947
$380.00	Sep 4	16.90	17.50	$17.20	3.5%	556	0.52	478
$370.00	Sep 18	27.20	28.30	$27.75	4.0%	77	0.59	2.2K
$425.00	Sep 4	3.90	4.10	$4.00	5.0%	231	0.18	1.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Sep 4	5.65	5.95	$5.80	5.2%	290	0.22	742
$380.00	Sep 4	16.95	17.85	$17.40	5.2%	105	0.48	140
$345.00	Sep 4	4.50	4.75	$4.63	5.4%	101	0.18	301
$370.00	Sep 4	12.50	13.20	$12.85	5.4%	211	0.39	356
$360.00	Sep 11	11.00	11.75	$11.38	6.6%	15	0.32	152

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. 140 found (avg delta 0.71, highest 0.97)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$307.50	Sep 4	68.75	74.30	$71.53	7.8%	1	0.97	1
$312.50	Sep 4	63.95	69.90	$66.93	8.9%	--	0.96	15
$315.00	Sep 4	61.55	67.95	$64.75	9.9%	12	0.95	28
$317.50	Sep 4	59.20	65.35	$62.28	9.9%	9	0.95	10
$320.00	Sep 4	57.15	62.85	$60.00	9.5%	--	0.94	13

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$450.00	Sep 18	71.85	78.40	$75.13	8.7%	--	0.85	21
$425.00	Sep 4	47.25	52.45	$49.85	10.4%	--	0.82	24
$455.00	Oct 2	78.90	84.70	$81.80	7.1%	32	0.82	1
$430.00	Sep 11	53.50	59.65	$56.58	10.9%	--	0.81	11
$425.00	Sep 11	49.70	54.85	$52.28	9.9%	1	0.79	--

Most actively traded options today. High liquidity = easy entry/exit. 311 active (total vol 16.5K, top 1.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Sep 4	4.85	4.90	$4.88	1.0%	1.8K	0.21	329
$400.00	Sep 4	9.10	9.75	$9.43	6.9%	891	0.34	1.2K
$380.00	Sep 4	16.90	17.50	$17.20	3.5%	556	0.52	478
$435.00	Sep 4	2.37	2.99	$2.68	23.1%	505	0.13	698
$400.00	Sep 11	11.65	12.45	$12.05	6.6%	465	0.37	210

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Sep 4	28.55	30.80	$29.68	7.6%	495	0.65	89
$320.00	Sep 4	1.10	1.25	$1.18	12.7%	482	0.06	778
$330.00	Sep 4	1.94	2.29	$2.12	16.5%	359	0.10	251
$335.00	Sep 4	2.70	3.05	$2.88	12.2%	344	0.13	270
$340.00	Sep 4	3.50	3.85	$3.68	9.5%	314	0.15	271

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 59 strikes (avg 67.9%, max 92.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$340.00	Sep 4	Oct 9	108.2%	56.6%	91.1%	11	176
$370.00	Sep 4	Oct 9	109.0%	57.3%	90.4%	56	436
$365.00	Sep 4	Oct 9	107.4%	56.8%	89.1%	29	71
$355.00	Sep 4	Oct 9	108.8%	57.8%	88.3%	5	117
$375.00	Sep 4	Oct 2	109.6%	58.4%	87.6%	250	393

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$375.00	Sep 4	Oct 9	109.6%	57.0%	92.1%	119	194
$340.00	Sep 4	Oct 9	108.2%	56.6%	91.1%	319	272
$360.00	Sep 4	Oct 2	109.3%	58.3%	87.4%	149	382
$350.00	Sep 4	Oct 9	107.7%	57.6%	87.1%	290	752
$370.00	Sep 4	Oct 2	109.0%	58.8%	85.4%	212	375

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 276 found (best R:R 0.57, avg 3.73)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$335.00	$350.00	Oct 2	$9.56	$5.44	$9.56	79%	0.57	$344.56
$347.50	$350.00	Sep 11	$0.35	$2.15	$0.35	76%	6.14	$347.85
$335.00	$337.50	Sep 11	$0.62	$1.88	$0.62	84%	3.03	$335.62
$360.00	$365.00	Oct 2	$1.83	$3.17	$1.83	64%	1.73	$361.83
$357.50	$360.00	Sep 11	$0.60	$1.90	$0.60	69%	3.17	$358.10

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$400.00	$397.50	Sep 4	$0.63	$1.87	$0.63	65%	2.97	$399.37
$370.00	$367.50	Sep 18	$0.35	$2.15	$0.35	41%	6.14	$369.65
$355.00	$352.50	Sep 18	$0.20	$2.30	$0.20	30%	11.50	$354.80
$360.00	$355.00	Oct 2	$1.32	$3.68	$1.32	35%	2.79	$358.68
$380.00	$377.50	Sep 11	$0.87	$1.63	$0.87	48%	1.87	$379.13

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 209 found (best R:R 0.79, avg 0.43)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$410.00	$412.50	Sep 11	$1.29	$1.29	$1.21	70%	1.07	$411.29
$415.00	$417.50	Sep 11	$1.07	$1.07	$1.43	73%	0.75	$416.07
$390.00	$392.50	Sep 4	$1.40	$1.40	$1.10	57%	1.27	$391.40
$402.50	$405.00	Sep 11	$1.10	$1.10	$1.40	65%	0.79	$403.60
$440.00	$445.00	Sep 25	$1.18	$1.18	$3.82	79%	0.31	$441.18

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$375.00	$350.00	Oct 9	$11.00	$11.00	$14.00	56%	0.79	$364.00
$345.00	$340.00	Oct 9	$2.52	$2.52	$2.48	72%	1.02	$342.48
$365.00	$362.50	Sep 11	$1.92	$1.92	$0.58	64%	3.31	$363.08
$340.00	$335.00	Oct 9	$2.13	$2.13	$2.87	75%	0.74	$337.87
$370.00	$360.00	Sep 25	$4.62	$4.62	$5.38	59%	0.86	$365.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 32 found (avg debit $2.74, cheapest $2.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$362.50	Sep 4	Sep 11	$2.93	109.6%	74.0%
$360.00	Sep 4	Sep 11	$2.47	109.3%	75.2%
$367.50	Sep 4	Sep 11	$1.82	109.4%	76.7%
$372.50	Sep 4	Sep 11	$2.37	110.1%	77.9%
$375.00	Sep 4	Sep 11	$3.16	109.6%	77.4%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$362.50	Sep 4	Sep 11	$2.05	109.6%	74.0%
$360.00	Sep 4	Sep 11	$2.38	109.3%	75.2%
$367.50	Sep 4	Sep 11	$2.85	109.4%	76.7%
$372.50	Sep 4	Sep 11	$3.17	110.1%	77.9%
$375.00	Sep 4	Sep 11	$3.17	109.6%	77.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 86 found (cheapest 9.08% of stock, avg 11.85%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$377.50	Sep 4	$18.18	$16.30	$34.48	$343.02	$411.98	9.08%
$380.00	Sep 4	$17.20	$17.40	$34.60	$345.40	$414.60	9.12%
$375.00	Sep 4	$19.52	$15.23	$34.75	$340.25	$409.75	9.15%
$372.50	Sep 4	$20.63	$14.13	$34.76	$337.74	$407.26	9.16%
$370.00	Sep 4	$22.08	$12.85	$34.93	$335.07	$404.93	9.20%
$385.00	Sep 4	$14.70	$20.78	$35.48	$349.52	$420.48	9.35%
$382.50	Sep 4	$16.10	$19.45	$35.55	$346.95	$418.05	9.37%
$367.50	Sep 4	$23.78	$11.85	$35.63	$331.87	$403.13	9.39%
$387.50	Sep 4	$13.65	$22.35	$36.00	$351.50	$423.50	9.48%
$365.00	Sep 4	$25.75	$10.55	$36.30	$328.70	$401.30	9.56%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 6.41% of stock, avg 9.46%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$392.50	$370.00	Sep 4	$11.48	$12.85	$24.33	$345.67	$416.83
$392.50	$372.50	Sep 4	$11.48	$14.13	$25.61	$346.89	$418.11
$390.00	$370.00	Sep 4	$12.88	$12.85	$25.73	$344.27	$415.73
$390.00	$372.50	Sep 4	$12.88	$14.13	$27.01	$345.49	$417.01
$392.50	$375.00	Sep 4	$11.48	$15.23	$26.71	$348.29	$419.21
$387.50	$370.00	Sep 4	$13.65	$12.85	$26.50	$343.50	$414.00
$390.00	$375.00	Sep 4	$12.88	$15.23	$28.11	$346.89	$418.11
$387.50	$372.50	Sep 4	$13.65	$14.13	$27.78	$344.72	$415.28
$415.00	$335.00	Oct 9	$15.83	$9.65	$25.48	$309.52	$440.48
$387.50	$375.00	Sep 4	$13.65	$15.23	$28.88	$346.12	$416.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 174 found (best R:R 3.50, avg credit $2.19)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
340/345	430/435	Oct 9	$3.89	$1.11	43%	3.50	$341.11	$433.89
340/345	420/425	Oct 9	$3.90	$1.10	39%	3.55	$341.10	$423.90
340/345	425/430	Oct 9	$3.77	$1.23	41%	3.07	$341.23	$428.77
310/312	410/412	Sep 11	$1.76	$0.74	62%	2.38	$310.74	$411.76
315/318	410/412	Sep 11	$1.79	$0.71	61%	2.52	$315.71	$411.79
335/340	430/435	Oct 9	$3.50	$1.50	46%	2.33	$336.50	$433.50
320/322	410/412	Sep 11	$1.69	$0.81	60%	2.09	$320.81	$411.69
328/330	410/412	Sep 11	$1.76	$0.74	56%	2.38	$328.24	$411.76
340/345	415/420	Oct 9	$3.82	$1.18	37%	3.24	$341.18	$418.82
335/340	420/425	Oct 9	$3.51	$1.49	42%	2.36	$336.49	$423.51

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 153 found (best R:R 51.63, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$410.00	$420.00	$430.00	Sep 18	$0.12	$9.88	10%	82.33
$405.00	$410.00	$415.00	Oct 2	$0.05	$4.95	5%	99.00
$415.00	$420.00	$425.00	Sep 25	$0.06	$4.94	5%	82.33
$400.00	$405.00	$410.00	Oct 2	$0.09	$4.91	5%	54.56
$420.00	$430.00	$440.00	Sep 18	$0.49	$9.51	9%	19.41

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$390.00	$400.00	$410.00	Sep 18	$0.19	$9.81	13%	51.63
$390.00	$395.00	$400.00	Sep 11	$0.11	$4.89	7%	44.45
$375.00	$380.00	$385.00	Sep 18	$0.11	$4.89	7%	44.45
$340.00	$345.00	$350.00	Sep 25	$0.10	$4.90	6%	49.00
$410.00	$420.00	$430.00	Sep 18	$0.50	$9.50	10%	19.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 58 found (best net $-16.76, 58 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$452.50	$455.00	1:2	Sep 4	-$0.94	$1.56
$445.00	$447.50	1:2	Sep 4	-$1.20	$1.30
$450.00	$452.50	1:2	Sep 4	-$1.26	$1.24
$447.50	$450.00	1:2	Sep 4	-$1.50	$1.00
$450.00	$455.00	1:2	Sep 11	-$1.83	$3.17

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$455.00	$415.00	1:2	Oct 2	-$16.76	$23.24
$415.00	$385.00	1:2	Oct 2	-$10.18	$19.82
$375.00	$350.00	1:2	Oct 9	-$4.65	$20.35
$307.50	$305.00	1:2	Sep 4	-$0.33	$2.17
$312.50	$310.00	1:2	Sep 4	-$0.50	$2.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 105 found (best yield 5.07%, avg 2.70%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Oct 9	$19.25	0.42	5.4%	5.07%	10.45%	1	3
$390.00	Oct 9	$22.65	0.47	2.7%	5.97%	8.71%	9	3
$395.00	Oct 9	$20.60	0.45	4.1%	5.43%	9.49%	2	--
$410.00	Oct 9	$15.95	0.38	8.0%	4.20%	12.21%	--	14
$385.00	Oct 9	$24.60	0.50	1.4%	6.48%	7.91%	17	6
$415.00	Oct 9	$14.65	0.35	9.3%	3.86%	13.19%	8	--
$380.00	Oct 9	$26.70	0.53	0.1%	7.03%	7.14%	4	8
$420.00	Oct 9	$13.25	0.33	10.7%	3.49%	14.14%	16	--
$425.00	Oct 9	$11.90	0.31	12.0%	3.13%	15.10%	4	--
$400.00	Oct 2	$17.35	0.41	5.4%	4.57%	9.95%	7	56

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 18,168

Total Puts 18,569

Put/Call Ratio 1.02

Net Difference -401

Prior's Put/Call Breakdown

Total Calls 4,257

Total Puts 2,130

Put/Call Ratio 0.50

Net Difference 2,127

Prior 7-Day Put/Call Summary

Total Calls 191,471

Total Puts 158,060

Average Put/Call Ratio 0.82

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

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Price — Past 7 Days

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