PANW - Options Database

PANW

PALO ALTO NETWORKS I

$325.63 -2.88%

$323.78 (-0.57%)🌙

as of 07/23 06:57 PM

(7/22 20:27) ◀

Thursday, July 23, 2026 (6:57pm)

▶ (7/24 03:21)

◀ 7/23 18:57 ▶

Option Volume

Detail

ℹ

Current (07/23) 30,804

Calls: 11,733 (38%)

Puts: 19,071 (62%)

Prior (07/22) 20,196

Calls: 7,328 (36%)

Puts: 12,868 (64%)

Current vs Prior +52.53%

Calls: +60.11% (Calls)

Puts: +48.20% (Puts)

Prior 7-Day Total 232,466

Calls: 112,255 (48%)

Puts: 120,211 (52%)

Prior 7-Day Average 33,209

Calls: 16,036 (48%)

Puts: 17,173 (52%)

Current vs Prior 7-Day Avg -7.24%

Calls: -26.84%

Puts: +11.05%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/23) $39.66M

Calls: $21.93M (55%)

Puts: $17.72M (45%)

Prior (07/22) $21.33M

Calls: $13.98M (66%)

Puts: $7.35M (34%)

Current vs Prior +85.90%

Calls: +56.85%

Puts: +141.17%

Prior 7-Day Total $330.50M

Calls: $241.86M (73%)

Puts: $88.64M (27%)

Prior 7-Day Average $47.21M

Calls: $34.55M (73%)

Puts: $12.66M (27%)

Current vs Prior 7-Day Avg -16.01%

Calls: -36.52%

Puts: +39.97%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/23) 1.63

Prior (07/22) 1.76

Current vs Prior -7.44%

Prior 7-Day Average 1.20

Current vs Prior 7-Day Avg +35.69%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/23) 217,428

Calls: 108,621 (50%)

Puts: 108,807 (50%)

Prior (07/22) 205,387

Calls: 101,564 (49%)

Puts: 103,823 (51%)

Current vs Prior +5.86%

Prior 7-Day Total 1,605,412

Calls: 881,507 (55%)

Puts: 723,905 (45%)

Prior 7-Day Average 229,344

Calls: 125,929 (55%)

Puts: 103,415 (45%)

Current vs Prior 7-Day Avg -5.20%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 3.10% | 7.75%15.65% | 21.57%

Prior 4.37% | 8.14%16.09% | 22.01%

Current vs Prior -28.94% | -4.84%-2.76% | -2.02%

Prior 7-Day Avg 4.96% | 8.34%8.69% | 19.43%

Current vs 7-Day Avg -37.39% | -7.13%+80.18% | +10.98%

Prior 7-Day Eod 4.37% | 8.14%16.09% | 22.01%

Current vs 7-Day Eod -28.94% | -4.84%-2.76% | -2.02%

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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🤖 AI Insights

Elevated premium activity with dollar volume up 86% vs prior. Above-average activity with volume up 53% vs prior. Extreme bearish P/C ratio of 1.63 - heavy put buying.

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

🎯

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 -- of results (avg --%, best --%)

No options available for this category

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. 93 found (avg delta 0.72, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$295.00	Jul 24	27.15	35.00	$31.08	25.3%	4	0.99	29
$290.00	Jul 24	31.85	39.30	$35.58	20.9%	1	0.98	--
$270.00	Jul 31	53.60	60.55	$57.08	12.2%	10	0.96	--
$305.00	Jul 24	17.00	24.80	$20.90	37.3%	1	0.96	--
$307.50	Jul 24	14.60	22.50	$18.55	42.6%	2	0.95	3

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$355.00	Jul 24	25.40	33.25	$29.33	26.8%	22	1.00	88
$360.00	Jul 24	30.50	38.25	$34.38	22.5%	18	1.00	233
$362.50	Jul 24	32.65	40.75	$36.70	22.1%	1	1.00	51
$365.00	Jul 24	35.15	43.25	$39.20	20.7%	1	1.00	52
$350.00	Jul 24	20.40	28.25	$24.33	32.3%	141	0.95	202

Most actively traded options today. High liquidity = easy entry/exit. 306 active (total vol 13.5K, top 806)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$370.00	Jul 31	0.95	1.89	$1.42	66.2%	806	0.10	290
$390.00	Aug 7	0.84	2.33	$1.59	93.7%	401	0.09	2.0K
$340.00	Jul 24	0.21	1.01	$0.61	131.1%	365	0.11	271
$372.50	Jul 24	0.00	0.41	$0.21	195.2%	347	0.03	91
$360.00	Jul 24	0.00	0.19	$0.10	190.0%	302	0.02	690

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Jul 24	1.34	2.40	$1.87	56.7%	776	0.28	626
$332.50	Jul 24	8.00	9.80	$8.90	20.2%	659	0.72	601
$312.50	Jul 31	5.15	7.25	$6.20	33.9%	649	0.31	344
$300.00	Jul 24	0.00	0.15	$0.08	187.5%	621	0.02	1.3K
$315.00	Jul 24	0.46	1.40	$0.93	101.1%	380	0.16	303

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 70 strikes (avg 53.8%, max 252.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$270.00	Jul 24	Aug 21	239.0%	67.9%	252.1%	16	--
$382.50	Jul 24	Aug 21	214.5%	66.0%	225.1%	11	263
$370.00	Jul 24	Aug 28	213.4%	68.8%	210.3%	26	470
$280.00	Jul 24	Aug 28	201.3%	65.9%	205.5%	6	96
$377.50	Jul 24	Jul 31	179.5%	63.8%	181.4%	43	19

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$270.00	Jul 24	Aug 21	239.0%	67.9%	252.1%	207	579
$280.00	Jul 24	Sep 4	201.3%	65.2%	208.6%	80	--
$265.00	Jul 24	Sep 4	165.0%	63.9%	158.4%	37	482
$275.00	Jul 24	Aug 14	127.9%	64.3%	99.1%	44	222
$292.50	Jul 24	Jul 31	124.8%	64.2%	94.4%	35	133

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 211 found (best R:R 32.33, avg 4.01)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$375.00	$380.00	Aug 7	$0.15	$4.85	$0.15	32.33	$375.15
$360.00	$362.50	Aug 7	$0.10	$2.40	$0.10	24.00	$360.10
$342.50	$345.00	Jul 24	$0.11	$2.39	$0.11	21.73	$342.61
$360.00	$362.50	Jul 31	$0.12	$2.38	$0.12	19.83	$360.12
$385.00	$387.50	Aug 21	$0.12	$2.38	$0.12	19.83	$385.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$280.00	$275.00	Jul 31	$0.23	$4.77	$0.23	20.74	$279.77
$305.00	$302.50	Jul 24	$0.13	$2.37	$0.13	18.23	$304.87
$285.00	$280.00	Jul 31	$0.33	$4.67	$0.33	14.15	$284.67
$312.50	$310.00	Jul 24	$0.18	$2.32	$0.18	12.89	$312.32
$310.00	$307.50	Jul 24	$0.20	$2.30	$0.20	11.50	$309.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 249 found (best R:R 22.08, avg 1.37)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$270.00	$300.00	Jul 31	$28.70	$28.70	$1.30	22.08	$298.70
$310.00	$315.00	Jul 24	$4.73	$4.73	$0.27	17.52	$314.73
$305.00	$307.50	Jul 24	$2.35	$2.35	$0.15	15.67	$307.35
$290.00	$295.00	Jul 24	$4.50	$4.50	$0.50	9.00	$294.50
$307.50	$310.00	Jul 24	$2.17	$2.17	$0.33	6.58	$309.67

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$362.50	$360.00	Jul 24	$2.32	$2.32	$0.18	12.89	$360.18
$380.00	$375.00	Aug 14	$4.50	$4.50	$0.50	9.00	$375.50
$360.00	$357.50	Jul 24	$2.23	$2.23	$0.27	8.26	$357.77
$375.00	$360.00	Aug 14	$12.98	$12.98	$2.02	6.43	$362.02
$342.50	$340.00	Jul 24	$2.15	$2.15	$0.35	6.14	$340.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 68 found (avg debit $4.19, cheapest $0.17)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$377.50	Jul 24	Jul 31	$0.17	179.5%	63.8%
$385.00	Jul 24	Jul 31	$0.49	137.0%	64.6%
$367.50	Jul 24	Jul 31	$0.50	172.5%	64.3%
$380.00	Jul 24	Jul 31	$0.64	141.9%	65.1%
$390.00	Jul 24	Jul 31	$0.88	135.4%	75.7%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$265.00	Jul 24	Jul 31	$0.42	165.0%	77.8%
$275.00	Jul 24	Jul 31	$0.48	127.9%	66.9%
$290.00	Jul 24	Jul 31	$1.36	110.1%	63.8%
$292.50	Jul 24	Jul 31	$1.48	124.8%	64.2%
$285.00	Jul 31	Aug 7	$1.96	65.2%	63.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 87 found (cheapest 2.74% of stock, avg 11.01%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$327.50	Jul 24	$3.70	$5.23	$8.93	$318.57	$336.43	2.74%
$325.00	Jul 24	$4.88	$4.15	$9.03	$315.97	$334.03	2.77%
$330.00	Jul 24	$2.72	$6.78	$9.50	$320.50	$339.50	2.92%
$320.00	Jul 24	$7.80	$1.87	$9.67	$310.33	$329.67	2.97%
$332.50	Jul 24	$1.94	$8.90	$10.84	$321.66	$343.34	3.33%
$317.50	Jul 24	$9.78	$1.46	$11.24	$306.26	$328.74	3.45%
$335.00	Jul 24	$1.35	$10.40	$11.75	$323.25	$346.75	3.61%
$315.00	Jul 24	$11.65	$0.93	$12.58	$302.42	$327.58	3.86%
$337.50	Jul 24	$0.87	$13.98	$14.85	$322.65	$352.35	4.56%
$340.00	Jul 24	$0.61	$14.50	$15.11	$324.89	$355.11	4.64%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.55% of stock, avg 8.18%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$337.50	$315.00	Jul 24	$0.87	$0.93	$1.80	$313.20	$339.30
$335.00	$315.00	Jul 24	$1.35	$0.93	$2.28	$312.72	$337.28
$337.50	$317.50	Jul 24	$0.87	$1.46	$2.33	$315.17	$339.83
$337.50	$320.00	Jul 24	$0.87	$1.87	$2.74	$317.26	$340.24
$335.00	$317.50	Jul 24	$1.35	$1.46	$2.81	$314.69	$337.81
$332.50	$315.00	Jul 24	$1.94	$0.93	$2.87	$312.13	$335.37
$335.00	$320.00	Jul 24	$1.35	$1.87	$3.22	$316.78	$338.22
$332.50	$317.50	Jul 24	$1.94	$1.46	$3.40	$314.10	$335.90
$330.00	$315.00	Jul 24	$2.72	$0.93	$3.65	$311.35	$333.65
$337.50	$322.50	Jul 24	$0.87	$2.82	$3.69	$318.81	$341.19

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 414 found (best R:R 37.46, avg credit $3.98)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
305/310	370/375	Aug 28	$4.87	$0.13	37.46	$305.13	$374.87
302/305	310/315	Jul 24	$4.86	$0.14	34.71	$300.14	$314.86
310/315	335/340	Aug 28	$4.86	$0.14	34.71	$310.14	$339.86
305/310	325/330	Aug 21	$4.83	$0.17	28.41	$305.17	$329.83
280/282	290/295	Jul 24	$4.74	$0.26	18.23	$277.76	$294.74
320/325	335/340	Aug 14	$4.73	$0.27	17.52	$320.27	$339.73
312/315	328/330	Aug 7	$2.35	$0.15	15.67	$312.65	$329.85
325/330	340/345	Aug 21	$4.66	$0.34	13.71	$325.34	$344.66
312/315	325/328	Aug 7	$2.32	$0.18	12.89	$312.68	$327.32
295/300	325/330	Aug 21	$4.61	$0.39	11.82	$295.39	$329.61

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 124 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$360.00	$365.00	$370.00	Aug 14	$0.05	$4.95	99.00
$375.00	$380.00	$385.00	Aug 28	$0.07	$4.93	70.43
$315.00	$317.50	$320.00	Jul 31	$0.05	$2.45	49.00
$332.50	$335.00	$337.50	Jul 31	$0.05	$2.45	49.00
$350.00	$352.50	$355.00	Aug 7	$0.05	$2.45	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$265.00	$270.00	$275.00	Aug 14	$0.07	$4.93	70.43
$350.00	$355.00	$360.00	Aug 21	$0.07	$4.93	70.43
$310.00	$315.00	$320.00	Aug 28	$0.07	$4.93	70.43
$320.00	$325.00	$330.00	Aug 14	$0.09	$4.91	54.56
$325.00	$330.00	$335.00	Aug 21	$0.09	$4.91	54.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 104 found (best net $-10.55, 90 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$280.00	$315.00	1:2	Aug 28	-$10.55	$24.45
$300.00	$325.00	1:2	Sep 4	-$16.13	$8.87
$370.00	$380.00	1:2	Aug 14	-$2.72	$7.28
$350.00	$360.00	1:2	Aug 14	-$5.78	$4.22
$385.00	$390.00	1:2	Jul 31	-$1.27	$3.73

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$280.00	$265.00	1:2	Sep 4	-$1.90	$13.10
$275.00	$265.00	1:2	Aug 7	$0.00	$10.00
$290.00	$280.00	1:2	Aug 14	-$1.76	$8.24
$280.00	$270.00	1:2	Aug 21	-$2.85	$7.15
$310.00	$295.00	1:2	Sep 4	-$8.57	$6.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 94 found (best yield 7.14%, avg 2.26%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$330.00	Aug 28	$23.25	0.52	1.3%	7.14%	8.48%	1	5
$335.00	Aug 28	$21.55	0.49	2.9%	6.62%	9.50%	27	16
$330.00	Aug 21	$20.70	0.51	1.3%	6.36%	7.70%	90	814
$340.00	Sep 4	$19.90	0.47	4.4%	6.11%	10.52%	6	--
$340.00	Aug 28	$19.10	0.46	4.4%	5.87%	10.28%	11	29
$335.00	Aug 21	$18.55	0.48	2.9%	5.70%	8.57%	14	12
$340.00	Aug 21	$17.25	0.45	4.4%	5.30%	9.71%	49	940
$345.00	Aug 28	$17.25	0.44	6.0%	5.30%	11.25%	4	18
$330.00	Aug 14	$17.05	0.50	1.3%	5.24%	6.58%	2	--
$350.00	Aug 28	$15.55	0.41	7.5%	4.78%	12.26%	5	23

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 11,733

Total Puts 19,071

Put/Call Ratio 1.63

Net Difference -7,338

Prior's Put/Call Breakdown

Total Calls 7,328

Total Puts 12,868

Put/Call Ratio 1.76

Net Difference -5,540

Prior 7-Day Put/Call Summary

Total Calls 112,255

Total Puts 120,211

Average Put/Call Ratio 1.20

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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