PANW - Options Database

PANW

PALO ALTO NETWORKS I

$342.15 -1.87%

$341.07 (-0.31%)🌙

as of 07/21 06:54 PM

(7/20 18:55) ◀

Tuesday, July 21, 2026 (6:54pm)

▶ (7/22 20:27)

◀ 7/21 18:54 ▶

Option Volume

Detail

ℹ

Current (07/21) 37,455

Calls: 16,136 (43%)

Puts: 21,319 (57%)

Prior (07/20) 22,747

Calls: 9,020 (40%)

Puts: 13,727 (60%)

Current vs Prior +64.66%

Calls: +78.89% (Calls)

Puts: +55.31% (Puts)

Prior 7-Day Total 230,604

Calls: 118,919 (52%)

Puts: 111,685 (48%)

Prior 7-Day Average 32,943

Calls: 16,988 (52%)

Puts: 15,955 (48%)

Current vs Prior 7-Day Avg +13.69%

Calls: -5.02%

Puts: +33.62%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/21) $54.73M

Calls: $36.69M (67%)

Puts: $18.04M (33%)

Prior (07/20) $30.61M

Calls: $20.41M (67%)

Puts: $10.20M (33%)

Current vs Prior +78.80%

Calls: +79.77%

Puts: +76.87%

Prior 7-Day Total $329.19M

Calls: $240.04M (73%)

Puts: $89.16M (27%)

Prior 7-Day Average $47.03M

Calls: $34.29M (73%)

Puts: $12.74M (27%)

Current vs Prior 7-Day Avg +16.37%

Calls: +6.98%

Puts: +41.64%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/21) 1.32

Prior (07/20) 1.52

Current vs Prior -13.18%

Prior 7-Day Average 1.00

Current vs Prior 7-Day Avg +31.97%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/21) 220,710

Calls: 100,768 (46%)

Puts: 119,942 (54%)

Prior (07/20) 174,956

Calls: 90,887 (52%)

Puts: 84,069 (48%)

Current vs Prior +26.15%

Prior 7-Day Total 1,654,197

Calls: 944,686 (57%)

Puts: 709,511 (43%)

Prior 7-Day Average 236,313

Calls: 134,955 (57%)

Puts: 101,358 (43%)

Current vs Prior 7-Day Avg -6.60%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)

Current 5.10% | 8.59%15.48% | 21.86%

Prior 6.01% | 9.05%15.82% | 22.18%

Current vs Prior -15.16% | -5.07%-2.16% | -1.42%

Prior 7-Day Avg 5.30% | 8.42%5.87% | 18.18%

Current vs 7-Day Avg -3.77% | +2.03%+163.67% | +20.29%

Prior 7-Day Eod 6.01% | 9.05%15.82% | 22.18%

Current vs 7-Day Eod -15.16% | -5.07%-2.16% | -1.42%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 33.45% | 18.66%

Calls: 41.71% | 21.78%

Puts: 25.18% | 15.53%

Prior 33.45% | 18.66%

Calls: 41.71% | 21.78%

Puts: 25.18% | 15.53%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 33.45% | 18.66%

Calls: 41.71% | 21.78%

Puts: 25.18% | 15.53%

Current vs 7-Day Avg +0.00% | +0.00%

Liquidity Expensive

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Moderately bullish flow with 67% call dollar volume ($36.69M). Elevated premium activity with dollar volume up 79% vs prior. Above-average activity with volume up 65% vs prior. Bearish P/C ratio of 1.32 indicates protective positioning.

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 BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg 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

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Tightest Spreads

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Best Value <$1

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High Delta

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 33 of results (avg 8.1%, best 4.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$370.00	Aug 14	11.25	11.75	$11.50	4.3%	13	0.34	112
$330.00	Jul 31	21.00	21.95	$21.48	4.4%	13	0.66	104
$347.50	Jul 31	12.00	12.60	$12.30	4.9%	17	0.47	13
$340.00	Aug 7	19.25	20.40	$19.83	5.8%	41	0.55	47
$357.50	Jul 31	8.40	8.95	$8.68	6.3%	4	0.37	17

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$375.00	Aug 7	37.10	39.90	$38.50	7.3%	55	0.73	8
$335.00	Aug 7	13.80	14.90	$14.35	7.7%	47	0.41	12
$390.00	Aug 21	55.10	59.60	$57.35	7.8%	4	0.71	5
$367.50	Jul 31	29.00	31.55	$30.28	8.4%	6	0.72	40
$355.00	Jul 24	15.30	16.65	$15.98	8.4%	35	0.71	78

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. 117 found (avg delta 0.69, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$300.00	Jul 24	38.45	45.85	$42.15	17.6%	11	0.96	111
$280.00	Jul 31	59.50	66.65	$63.08	11.3%	1	0.96	--
$305.00	Jul 24	33.85	41.45	$37.65	20.2%	1	0.96	--
$307.50	Jul 24	31.45	38.95	$35.20	21.3%	2	0.94	4
$310.00	Jul 24	29.15	36.20	$32.67	21.6%	2	0.93	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$402.50	Jul 24	56.80	64.20	$60.50	12.2%	2	1.00	--
$370.00	Jul 24	25.25	32.70	$28.98	25.7%	1	0.90	--
$390.00	Jul 31	46.05	52.50	$49.28	13.1%	1	0.89	--
$367.50	Jul 24	23.00	30.70	$26.85	28.7%	2	0.87	28
$400.00	Aug 7	57.60	63.85	$60.73	10.3%	1	0.85	26

Most actively traded options today. High liquidity = easy entry/exit. 333 active (total vol 19.7K, top 1.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Jul 31	7.55	8.80	$8.18	15.3%	1.6K	0.35	372
$350.00	Jul 31	10.95	12.00	$11.48	9.1%	1.6K	0.45	143
$400.00	Jul 24	0.01	0.40	$0.21	185.7%	641	0.02	959
$355.00	Jul 24	3.45	3.80	$3.63	9.6%	468	0.29	185
$337.50	Jul 24	10.05	11.40	$10.73	12.6%	353	0.61	42

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$335.00	Jul 24	4.90	5.45	$5.18	10.6%	1.0K	0.35	146
$332.50	Jul 24	3.65	4.65	$4.15	24.1%	636	0.30	18
$320.00	Jul 24	1.25	2.15	$1.70	52.9%	534	0.14	280
$347.50	Jul 24	10.40	11.65	$11.03	11.3%	476	0.59	797
$280.00	Aug 21	4.10	5.00	$4.55	19.8%	366	0.13	2.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 74 strikes (avg 20.9%, max 157.0%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$407.50	Jul 24	Jul 31	130.9%	67.5%	93.9%	289	16
$387.50	Jul 24	Aug 21	112.9%	65.7%	71.9%	168	44
$405.00	Jul 24	Aug 28	113.7%	68.0%	67.1%	152	117
$410.00	Jul 24	Aug 28	104.2%	66.4%	56.9%	76	261
$397.50	Jul 24	Jul 31	99.5%	66.2%	50.3%	93	504

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$280.00	Jul 24	Aug 28	173.1%	67.4%	157.0%	247	70
$282.50	Jul 24	Jul 31	125.7%	66.8%	88.2%	87	151
$285.00	Jul 24	Aug 28	105.6%	64.8%	63.1%	57	392
$290.00	Jul 24	Aug 28	108.1%	66.6%	62.4%	113	164
$287.50	Jul 24	Jul 31	111.9%	70.8%	58.2%	42	30

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 226 found (best R:R 37.46, avg 4.43)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$400.00	$405.00	Aug 14	$0.15	$4.85	$0.15	32.33	$400.15
$370.00	$372.50	Jul 24	$0.10	$2.40	$0.10	24.00	$370.10
$390.00	$395.00	Aug 7	$0.21	$4.79	$0.21	22.81	$390.21
$405.00	$410.00	Aug 21	$0.22	$4.78	$0.22	21.73	$405.22
$370.00	$372.50	Aug 7	$0.12	$2.38	$0.12	19.83	$370.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$285.00	$280.00	Aug 7	$0.13	$4.87	$0.13	37.46	$284.87
$280.00	$275.00	Jul 31	$0.14	$4.86	$0.14	34.71	$279.86
$300.00	$297.50	Jul 31	$0.10	$2.40	$0.10	24.00	$299.90
$300.00	$297.50	Jul 24	$0.13	$2.37	$0.13	18.23	$299.87
$310.00	$307.50	Jul 24	$0.15	$2.35	$0.15	15.67	$309.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 288 found (best R:R 32.16, avg 1.54)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$280.00	$300.00	Jul 31	$18.68	$18.68	$1.32	14.15	$298.68
$320.00	$322.50	Jul 24	$2.30	$2.30	$0.20	11.50	$322.30
$315.00	$320.00	Jul 24	$4.55	$4.55	$0.45	10.11	$319.55
$300.00	$305.00	Jul 24	$4.50	$4.50	$0.50	9.00	$304.50
$300.00	$307.50	Jul 31	$6.75	$6.75	$0.75	9.00	$306.75

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$402.50	$370.00	Jul 24	$31.52	$31.52	$0.98	32.16	$370.98
$370.00	$367.50	Jul 31	$2.37	$2.37	$0.13	18.23	$367.63
$360.00	$357.50	Aug 7	$2.27	$2.27	$0.23	9.87	$357.73
$367.50	$365.00	Jul 24	$2.25	$2.25	$0.25	9.00	$365.25
$357.50	$355.00	Jul 31	$2.23	$2.23	$0.27	8.26	$355.27

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 79 found (avg debit $4.09, cheapest $0.26)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$405.00	Jul 24	Jul 31	$0.26	113.7%	65.0%
$410.00	Jul 24	Jul 31	$0.83	104.2%	70.7%
$397.50	Jul 24	Jul 31	$0.99	99.5%	66.2%
$402.50	Jul 24	Jul 31	$1.06	91.2%	66.8%
$280.00	Jul 31	Aug 7	$1.27	71.8%	69.6%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$275.00	Jul 24	Jul 31	$0.43	102.1%	73.6%
$285.00	Jul 24	Jul 31	$0.54	105.6%	69.9%
$287.50	Jul 24	Jul 31	$0.54	111.9%	70.8%
$290.00	Jul 24	Jul 31	$0.70	108.1%	70.6%
$292.50	Jul 24	Jul 31	$0.87	99.9%	68.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 107 found (cheapest 4.70% of stock, avg 12.11%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$342.50	Jul 24	$8.07	$8.02	$16.09	$326.41	$358.59	4.70%
$340.00	Jul 24	$9.43	$6.90	$16.33	$323.67	$356.33	4.77%
$337.50	Jul 24	$10.73	$5.85	$16.58	$320.92	$354.08	4.85%
$345.00	Jul 24	$7.18	$9.43	$16.61	$328.39	$361.61	4.85%
$347.50	Jul 24	$5.90	$11.03	$16.93	$330.57	$364.43	4.95%
$335.00	Jul 24	$12.33	$5.18	$17.51	$317.49	$352.51	5.12%
$350.00	Jul 24	$5.13	$12.85	$17.98	$332.02	$367.98	5.26%
$332.50	Jul 24	$14.13	$4.15	$18.28	$314.22	$350.78	5.34%
$352.50	Jul 24	$4.35	$14.20	$18.55	$333.95	$371.05	5.42%
$330.00	Jul 24	$15.73	$3.39	$19.12	$310.88	$349.12	5.59%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.27% of stock, avg 8.88%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$355.00	$332.50	Jul 24	$3.63	$4.15	$7.78	$324.72	$362.78
$352.50	$332.50	Jul 24	$4.35	$4.15	$8.50	$324.00	$361.00
$355.00	$335.00	Jul 24	$3.63	$5.18	$8.81	$326.19	$363.81
$350.00	$332.50	Jul 24	$5.13	$4.15	$9.28	$323.22	$359.28
$355.00	$337.50	Jul 24	$3.63	$5.85	$9.48	$328.02	$364.48
$352.50	$335.00	Jul 24	$4.35	$5.18	$9.53	$325.47	$362.03
$347.50	$332.50	Jul 24	$5.90	$4.15	$10.05	$322.45	$357.55
$352.50	$337.50	Jul 24	$4.35	$5.85	$10.20	$327.30	$362.70
$350.00	$335.00	Jul 24	$5.13	$5.18	$10.31	$324.69	$360.31
$355.00	$340.00	Jul 24	$3.63	$6.90	$10.53	$329.47	$365.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 407 found (best R:R 44.45, avg credit $3.73)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
285/290	315/320	Aug 7	$4.89	$0.11	44.45	$285.11	$319.89
305/310	315/320	Aug 7	$4.89	$0.11	44.45	$305.11	$319.89
305/310	325/330	Aug 14	$4.88	$0.12	40.67	$305.12	$329.88
305/310	330/335	Aug 21	$4.88	$0.12	40.67	$305.12	$334.88
300/305	325/330	Aug 28	$4.85	$0.15	32.33	$300.15	$329.85
295/300	315/320	Aug 7	$4.84	$0.16	30.25	$295.16	$319.84
275/278	310/315	Jul 24	$4.80	$0.20	24.00	$272.70	$314.80
315/320	335/340	Aug 14	$4.80	$0.20	24.00	$315.20	$339.80
310/312	328/330	Jul 24	$2.39	$0.11	21.73	$310.11	$329.89
315/318	328/330	Jul 24	$2.39	$0.11	21.73	$315.11	$329.89

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 126 found (best R:R 141.86, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$280.00	$290.00	$300.00	Aug 21	$0.07	$9.93	141.86
$350.00	$355.00	$360.00	Aug 14	$0.07	$4.93	70.43
$350.00	$352.50	$355.00	Jul 24	$0.06	$2.44	40.67
$340.00	$342.50	$345.00	Aug 7	$0.06	$2.44	40.67
$330.00	$335.00	$340.00	Aug 21	$0.13	$4.87	37.46

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$330.00	$335.00	$340.00	Aug 21	$0.11	$4.89	44.45
$320.00	$325.00	$330.00	Aug 7	$0.13	$4.87	37.46
$337.50	$340.00	$342.50	Jul 24	$0.07	$2.43	34.71
$345.00	$350.00	$355.00	Aug 14	$0.15	$4.85	32.33
$320.00	$325.00	$330.00	Aug 21	$0.15	$4.85	32.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 93 found (best net $-10.35, 87 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$280.00	$315.00	1:2	Aug 14	-$10.35	$24.65
$400.00	$410.00	1:2	Aug 7	-$1.45	$8.55
$380.00	$390.00	1:2	Aug 7	-$2.38	$7.62
$285.00	$315.00	1:2	Aug 28	-$23.66	$6.34
$385.00	$390.00	1:2	Jul 31	-$1.15	$3.85

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$410.00	$380.00	1:2	Aug 14	-$20.46	$9.54
$290.00	$280.00	1:2	Aug 21	-$2.45	$7.55
$320.00	$310.00	1:2	Aug 7	-$2.94	$7.06
$280.00	$275.00	1:2	Jul 31	-$0.37	$4.63
$280.00	$275.00	1:2	Aug 7	-$0.81	$4.19

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 104 found (best yield 7.53%, avg 2.51%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$345.00	Aug 28	$25.75	0.52	0.8%	7.53%	8.36%	18	2
$342.50	Aug 21	$24.45	0.54	0.1%	7.15%	7.25%	2	--
$350.00	Aug 28	$24.10	0.50	2.3%	7.04%	9.34%	1	--
$345.00	Aug 21	$23.30	0.52	0.8%	6.81%	7.64%	92	1
$350.00	Aug 21	$22.80	0.50	2.3%	6.66%	8.96%	35	652
$347.50	Aug 21	$22.20	0.51	1.6%	6.49%	8.05%	6	--
$360.00	Aug 28	$19.95	0.45	5.2%	5.83%	11.05%	24	56
$355.00	Aug 21	$19.05	0.46	3.8%	5.57%	9.32%	2	14
$345.00	Aug 14	$18.95	0.51	0.8%	5.54%	6.37%	68	9
$357.50	Aug 21	$18.10	0.45	4.5%	5.29%	9.78%	1	--

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 16,136

Total Puts 21,319

Put/Call Ratio 1.32

Net Difference -5,183

Prior's Put/Call Breakdown

Total Calls 9,020

Total Puts 13,727

Put/Call Ratio 1.52

Net Difference -4,707

Prior 7-Day Put/Call Summary

Total Calls 118,919

Total Puts 111,685

Average Put/Call Ratio 1.00

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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