PANW - Options Database

PANW

PALO ALTO NETWORKS I

$362.09 -5.24%

$362.25 (+0.04%)🌙

as of 09/01 04:00 PM

(8/31 18:00) ◀

Tuesday, September 1, 2026 (4:00pm)

▶ (9/1 18:00)

◀ 9/1 16:00 ▶

Option Volume

Detail

ℹ

Current (09/01 4:00pm) 129,720

Calls: 59,794 (46%)

Puts: 69,926 (54%)

Prior (08/27) 65,732

Calls: 37,490 (57%)

Puts: 28,242 (43%)

Current vs Prior +97.35%

Calls: +59.49% (Calls)

Puts: +147.60% (Puts)

Prior 7-Day Total 329,323

Calls: 177,037 (54%)

Puts: 152,286 (46%)

Prior 7-Day Average 47,046

Calls: 25,291 (54%)

Puts: 21,755 (46%)

Current vs Prior 7-Day Avg +175.73%

Calls: +136.42%

Puts: +221.42%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/01 4:00pm) $159.60M

Calls: $90.42M (57%)

Puts: $69.18M (43%)

Prior (08/27) $112.42M

Calls: $83.53M (74%)

Puts: $28.89M (26%)

Current vs Prior +41.96%

Calls: +8.24%

Puts: +139.47%

Prior 7-Day Total $569.89M

Calls: $436.86M (77%)

Puts: $133.03M (23%)

Prior 7-Day Average $81.41M

Calls: $62.41M (77%)

Puts: $19.00M (23%)

Current vs Prior 7-Day Avg +96.03%

Calls: +44.88%

Puts: +264.03%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/01 4:00pm) 1.17

Prior (08/27) 0.75

Current vs Prior +55.24%

Prior 7-Day Average 0.86

Current vs Prior 7-Day Avg +36.13%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/01 4:00pm) 592,952

Calls: 299,067 (50%)

Puts: 293,885 (50%)

Prior (08/27) 571,491

Calls: 284,937 (50%)

Puts: 286,554 (50%)

Current vs Prior +3.76%

Prior 7-Day Total 4,091,402

Calls: 2,063,976 (50%)

Puts: 2,027,426 (50%)

Prior 7-Day Average 584,486

Calls: 294,853 (50%)

Puts: 289,632 (50%)

Current vs Prior 7-Day Avg +1.45%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 9.95% | 11.30%12.38% | 17.68%

Prior 3.02% | 10.71%13.83% | 18.41%

Current vs Prior +228.98% | +5.42%-10.54% | -3.97%

Prior 7-Day Avg 7.41% | 10.10%9.10% | 17.77%

Current vs 7-Day Avg +34.33% | +11.88%+35.99% | -0.46%

Prior 7-Day Eod 3.02% | 10.71%12.59% | 17.65%

Current vs 7-Day Eod +228.98% | +5.42%-1.72% | +0.18%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 7.40% | 10.27%

Calls: 9.63% | 10.28%

Puts: 5.17% | 10.26%

Prior 28.14% | 22.80%

Calls: 29.84% | 23.43%

Puts: 26.45% | 22.17%

Current vs Prior -73.70% | -54.96%

Prior 7-Day Avg 20.08% | 16.20%

Calls: 19.80% | 15.02%

Puts: 20.36% | 17.38%

Current vs 7-Day Avg -63.15% | -36.60%

Liquidity Expensive

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🤖 AI Insights

Dollar volume significantly above 7-day average (96% higher). Above-average activity with volume up 97% vs prior. Volume explosion - 176% above 7-day average (129,720 vs avg 47,046). Slightly bearish P/C ratio of 1.17.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

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 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	BEARISH	BEARISH
14:05	BULLISH	NEUTRAL	MIXED

📈 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 162 of results (avg 7.2%, best 1.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Oct 16	31.00	31.50	$31.25	1.6%	234	0.55	476
$362.50	Sep 4	17.25	17.65	$17.45	2.3%	624	0.52	38
$380.00	Sep 18	14.50	14.90	$14.70	2.7%	356	0.40	3.6K
$390.00	Sep 4	7.50	7.75	$7.63	3.3%	2.8K	0.29	1.6K
$365.00	Sep 18	20.25	21.00	$20.63	3.6%	77	0.50	332

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Oct 16	10.85	11.10	$10.98	2.3%	418	0.23	1.3K
$290.00	Sep 4	0.42	0.43	$0.43	2.3%	819	0.03	375
$360.00	Sep 4	15.85	16.25	$16.05	2.5%	1.4K	0.46	502
$320.00	Sep 18	5.60	5.80	$5.70	3.5%	2.0K	0.18	2.2K
$350.00	Sep 4	11.50	11.95	$11.73	3.8%	1.7K	0.36	972

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.66, cheapest $0.43)

CALLS (0)

No calls meet the criteria

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$290.00	Sep 4	0.42	0.43	$0.43	2.3%	819	0.03	375
$300.00	Sep 4	0.84	0.91	$0.88	8.0%	3.5K	0.05	787

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 176 found (avg delta 0.70, highest 0.97)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$290.00	Sep 4	68.20	75.60	$71.90	10.3%	10	0.97	14
$300.00	Sep 4	58.60	65.65	$62.13	11.3%	49	0.95	8
$302.50	Sep 4	57.70	63.10	$60.40	8.9%	--	0.94	24
$305.00	Sep 4	54.00	61.40	$57.70	12.8%	1	0.94	1
$300.00	Sep 11	60.50	67.00	$63.75	10.2%	3	0.93	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$425.00	Sep 4	63.35	68.55	$65.95	7.9%	--	0.89	24
$430.00	Sep 11	67.95	75.00	$71.47	9.9%	--	0.88	11
$427.50	Sep 11	65.70	72.95	$69.33	10.5%	2	0.87	--
$415.00	Sep 4	52.45	60.65	$56.55	14.5%	--	0.85	12
$430.00	Sep 18	69.10	74.70	$71.90	7.8%	--	0.85	19

Most actively traded options today. High liquidity = easy entry/exit. 402 active (total vol 82.2K, top 3.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Sep 4	5.20	5.60	$5.40	7.4%	3.5K	0.23	1.7K
$390.00	Sep 4	7.50	7.75	$7.63	3.3%	2.8K	0.29	1.6K
$420.00	Sep 4	2.47	2.60	$2.54	5.1%	2.4K	0.12	1.3K
$425.00	Sep 4	2.05	2.21	$2.13	7.5%	2.1K	0.11	2.0K
$370.00	Sep 4	13.80	14.45	$14.13	4.6%	1.9K	0.46	448

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$300.00	Sep 4	0.84	0.91	$0.88	8.0%	3.5K	0.05	787
$330.00	Sep 4	4.80	5.10	$4.95	6.1%	2.5K	0.20	557
$320.00	Sep 4	2.88	3.05	$2.97	5.7%	2.5K	0.13	1.1K
$325.00	Sep 4	3.65	3.95	$3.80	7.9%	2.3K	0.16	485
$315.00	Sep 4	2.07	2.30	$2.18	10.6%	2.1K	0.10	389

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 65 strikes (avg 102.0%, max 132.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$360.00	Sep 4	Oct 16	131.3%	56.5%	132.5%	1.8K	600
$370.00	Sep 4	Oct 16	133.8%	58.2%	129.7%	2.1K	1.3K
$330.00	Sep 4	Oct 16	129.6%	56.5%	129.6%	87	526
$340.00	Sep 4	Oct 16	130.5%	56.9%	129.4%	56	457
$390.00	Sep 4	Oct 16	134.0%	58.7%	128.4%	2.9K	2.2K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$360.00	Sep 4	Oct 16	131.3%	56.5%	132.5%	1.5K	1.1K
$370.00	Sep 4	Oct 16	133.8%	58.2%	129.7%	343	774
$330.00	Sep 4	Oct 16	129.6%	56.5%	129.6%	2.6K	928
$340.00	Sep 4	Oct 16	130.5%	56.9%	129.4%	1.4K	1.0K
$390.00	Sep 4	Oct 16	134.0%	58.7%	128.4%	26	173

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 304 found (best R:R 2.31, avg 3.32)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$370.00	$380.00	Oct 16	$3.02	$6.98	$3.02	50%	2.31	$373.02
$330.00	$340.00	Oct 16	$5.38	$4.62	$5.38	72%	0.86	$335.38
$335.00	$340.00	Oct 2	$2.07	$2.93	$2.07	70%	1.42	$337.07
$300.00	$305.00	Oct 9	$3.03	$1.97	$3.03	87%	0.65	$303.03
$320.00	$325.00	Sep 18	$2.77	$2.23	$2.77	82%	0.81	$322.77

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$360.00	$357.50	Sep 11	$0.27	$2.23	$0.27	45%	8.26	$359.73
$355.00	$350.00	Sep 25	$1.23	$3.77	$1.23	42%	3.07	$353.77
$340.00	$335.00	Oct 9	$0.95	$4.05	$0.95	33%	4.26	$339.05
$350.00	$345.00	Oct 2	$1.27	$3.73	$1.27	39%	2.94	$348.73
$390.00	$387.50	Sep 4	$1.18	$1.32	$1.18	71%	1.12	$388.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 226 found (best R:R 1.14, avg 0.49)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$362.50	$365.00	Sep 11	$1.98	$1.98	$0.52	47%	3.81	$364.48
$370.00	$375.00	Sep 25	$2.95	$2.95	$2.05	52%	1.44	$372.95
$410.00	$412.50	Sep 11	$1.03	$1.03	$1.47	79%	0.70	$411.03
$425.00	$430.00	Sep 25	$1.25	$1.25	$3.75	81%	0.33	$426.25
$420.00	$425.00	Sep 25	$1.35	$1.35	$3.65	78%	0.37	$421.35

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$350.00	$340.00	Oct 16	$5.32	$5.32	$4.68	61%	1.14	$344.68
$345.00	$340.00	Oct 2	$3.06	$3.06	$1.94	64%	1.58	$341.94
$350.00	$345.00	Oct 9	$3.21	$3.21	$1.79	60%	1.79	$346.79
$345.00	$340.00	Oct 9	$3.04	$3.04	$1.96	64%	1.55	$341.96
$305.00	$300.00	Oct 9	$1.83	$1.83	$3.17	84%	0.58	$303.17

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 35 found (avg debit $2.34, cheapest $2.02)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$365.00	Sep 4	Sep 11	$2.02	132.9%	80.2%
$370.00	Sep 4	Sep 11	$2.12	133.8%	81.3%
$362.50	Sep 4	Sep 11	$2.70	134.0%	82.0%
$352.50	Sep 4	Sep 11	$1.80	132.5%	81.2%
$387.50	Sep 4	Sep 11	$1.95	131.8%	80.6%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$365.00	Sep 4	Sep 11	$2.69	132.9%	80.2%
$370.00	Sep 4	Sep 11	$2.90	133.8%	81.3%
$362.50	Sep 4	Sep 11	$1.92	134.0%	82.0%
$352.50	Sep 4	Sep 11	$1.78	132.5%	81.2%
$385.00	Sep 4	Sep 11	$1.93	132.6%	81.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 111 found (cheapest 9.53% of stock, avg 12.60%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$360.00	Sep 4	$18.45	$16.05	$34.50	$325.50	$394.50	9.53%
$355.00	Sep 4	$20.88	$13.70	$34.58	$320.42	$389.58	9.55%
$357.50	Sep 4	$19.65	$14.95	$34.60	$322.90	$392.10	9.56%
$362.50	Sep 4	$17.45	$17.58	$35.03	$327.47	$397.53	9.67%
$365.00	Sep 4	$16.15	$18.98	$35.13	$329.87	$400.13	9.70%
$367.50	Sep 4	$14.95	$20.20	$35.15	$332.35	$402.65	9.71%
$347.50	Sep 4	$24.85	$10.38	$35.23	$312.27	$382.73	9.73%
$350.00	Sep 4	$23.55	$11.73	$35.28	$314.72	$385.28	9.74%
$352.50	Sep 4	$22.58	$12.70	$35.28	$317.22	$387.78	9.74%
$370.00	Sep 4	$14.13	$21.90	$36.03	$333.97	$406.03	9.95%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 6.86% of stock, avg 10.27%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$375.00	$352.50	Sep 4	$12.15	$12.70	$24.85	$327.65	$399.85
$375.00	$355.00	Sep 4	$12.15	$13.70	$25.85	$329.15	$400.85
$410.00	$320.00	Oct 16	$13.48	$10.98	$24.46	$295.54	$434.46
$372.50	$352.50	Sep 4	$12.95	$12.70	$25.65	$326.85	$398.15
$372.50	$355.00	Sep 4	$12.95	$13.70	$26.65	$328.35	$399.15
$375.00	$357.50	Sep 4	$12.15	$14.95	$27.10	$330.40	$402.10
$372.50	$357.50	Sep 4	$12.95	$14.95	$27.90	$329.60	$400.40
$410.00	$330.00	Oct 16	$13.48	$14.18	$27.66	$302.34	$437.66
$370.00	$352.50	Sep 4	$14.13	$12.70	$26.83	$325.67	$396.83
$370.00	$355.00	Sep 4	$14.13	$13.70	$27.83	$327.17	$397.83

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 166 found (best R:R 1.86, avg credit $2.41)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
300/305	425/430	Oct 9	$3.25	$1.75	60%	1.86	$301.75	$428.25
290/295	425/430	Oct 9	$3.02	$1.98	63%	1.53	$291.98	$428.02
305/310	425/430	Oct 9	$3.27	$1.73	57%	1.89	$306.73	$428.27
315/320	395/400	Sep 25	$3.70	$1.30	46%	2.85	$316.30	$398.70
335/340	395/400	Oct 2	$4.11	$0.89	32%	4.62	$335.89	$399.11
315/320	405/410	Sep 25	$3.10	$1.90	52%	1.63	$316.90	$408.10
335/340	405/410	Oct 2	$3.74	$1.26	37%	2.97	$336.26	$408.74
335/340	400/405	Oct 2	$3.82	$1.18	35%	3.24	$336.18	$403.82
330/335	425/430	Oct 9	$3.30	$1.70	45%	1.94	$331.70	$428.30
315/320	400/405	Sep 25	$3.03	$1.97	49%	1.54	$316.97	$403.03

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 188 found (best R:R 89.91, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$390.00	$400.00	$410.00	Oct 9	$0.24	$9.76	9%	40.67
$400.00	$410.00	$420.00	Sep 18	$0.33	$9.67	10%	29.30
$355.00	$360.00	$365.00	Sep 25	$0.09	$4.91	7%	54.56
$305.00	$310.00	$315.00	Sep 25	$0.05	$4.95	5%	99.00
$300.00	$310.00	$320.00	Oct 16	$0.39	$9.61	8%	24.64

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$400.00	$410.00	$420.00	Sep 18	$0.11	$9.89	10%	89.91
$390.00	$400.00	$410.00	Sep 18	$0.19	$9.81	11%	51.63
$300.00	$310.00	$320.00	Oct 16	$0.42	$9.58	8%	22.81
$400.00	$410.00	$420.00	Oct 16	$0.42	$9.58	8%	22.81
$320.00	$325.00	$330.00	Oct 9	$0.12	$4.88	5%	40.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 60 found (best net $-22.33, 60 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$430.00	$432.50	1:2	Sep 4	-$1.33	$1.17
$425.00	$427.50	1:2	Sep 4	-$1.57	$0.93
$427.50	$430.00	1:2	Sep 4	-$1.57	$0.93
$410.00	$420.00	1:2	Sep 18	-$3.35	$6.65
$420.00	$430.00	1:2	Sep 18	-$3.00	$7.00

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$427.50	$400.00	1:2	Sep 11	-$22.33	$5.17
$300.00	$290.00	1:2	Sep 18	-$0.55	$9.45
$295.00	$292.50	1:2	Sep 4	-$0.34	$2.16
$292.50	$290.00	1:2	Sep 4	-$0.38	$2.12
$297.50	$295.00	1:2	Sep 4	-$0.48	$2.02

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 118 found (best yield 6.02%, avg 2.87%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$380.00	Oct 16	$21.80	0.45	5.0%	6.02%	10.97%	77	331
$400.00	Oct 16	$15.85	0.36	10.5%	4.38%	14.85%	381	867
$390.00	Oct 16	$18.20	0.40	7.7%	5.03%	12.73%	95	596
$370.00	Oct 16	$25.10	0.50	2.2%	6.93%	9.12%	153	808
$375.00	Oct 9	$21.80	0.47	3.6%	6.02%	9.59%	2	1
$380.00	Oct 9	$19.95	0.44	5.0%	5.51%	10.46%	5	12
$410.00	Oct 16	$12.90	0.31	13.2%	3.56%	16.79%	44	425
$385.00	Oct 9	$18.20	0.41	6.3%	5.03%	11.35%	3	20
$390.00	Oct 9	$16.60	0.39	7.7%	4.58%	12.29%	5	11
$365.00	Oct 9	$25.85	0.52	0.8%	7.14%	7.94%	7	7

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 59,794

Total Puts 69,926

Put/Call Ratio 1.17

Net Difference -10,132

Prior's Put/Call Breakdown

Total Calls 37,490

Total Puts 28,242

Put/Call Ratio 0.75

Net Difference 9,248

Prior 7-Day Put/Call Summary

Total Calls 177,037

Total Puts 152,286

Average Put/Call Ratio 0.86

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

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📈 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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