PANW - Options Database

PANW

PALO ALTO NETWORKS I

$317.32 -2.00%

$317.70 (+0.12%)🌙

as of 07/27 06:56 PM

(7/24 03:21) ◀

Monday, July 27, 2026 (6:56pm)

▶ (7/28 18:57)

◀ 7/27 18:56 ▶

Option Volume

Detail

ℹ

Current (07/27) 19,853

Calls: 9,296 (47%)

Puts: 10,557 (53%)

Prior (07/24) 19,459

Calls: 8,578 (44%)

Puts: 10,881 (56%)

Current vs Prior +2.02%

Calls: +8.37% (Calls)

Puts: -2.98% (Puts)

Prior 7-Day Total 197,313

Calls: 87,256 (44%)

Puts: 110,057 (56%)

Prior 7-Day Average 28,187

Calls: 12,465 (44%)

Puts: 15,722 (56%)

Current vs Prior 7-Day Avg -29.57%

Calls: -25.42%

Puts: -32.85%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/27) $28.27M

Calls: $19.97M (71%)

Puts: $8.30M (29%)

Prior (07/24) $21.28M

Calls: $10.20M (48%)

Puts: $11.08M (52%)

Current vs Prior +32.82%

Calls: +95.68%

Puts: -25.08%

Prior 7-Day Total $267.52M

Calls: $182.36M (68%)

Puts: $85.15M (32%)

Prior 7-Day Average $38.22M

Calls: $26.05M (68%)

Puts: $12.16M (32%)

Current vs Prior 7-Day Avg -26.03%

Calls: -23.35%

Puts: -31.75%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/27) 1.14

Prior (07/24) 1.27

Current vs Prior -10.47%

Prior 7-Day Average 1.35

Current vs Prior 7-Day Avg -16.01%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/27) 207,464

Calls: 92,426 (45%)

Puts: 115,038 (55%)

Prior (07/24) 202,063

Calls: 107,314 (53%)

Puts: 94,749 (47%)

Current vs Prior +2.67%

Prior 7-Day Total 1,518,147

Calls: 806,214 (53%)

Puts: 711,933 (47%)

Prior 7-Day Average 216,878

Calls: 115,173 (53%)

Puts: 101,704 (47%)

Current vs Prior 7-Day Avg -4.34%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 6.60% | 9.26%14.47% | 20.90%

Prior 6.91% | 9.59%14.98% | 21.41%

Current vs Prior -4.48% | -3.45%-3.39% | -2.35%

Prior 7-Day Avg 5.06% | 8.57%11.73% | 20.54%

Current vs 7-Day Avg +30.51% | +8.00%+23.40% | +1.77%

Prior 7-Day Eod 6.91% | 9.59%14.98% | 21.41%

Current vs 7-Day Eod -4.48% | -3.45%-3.39% | -2.35%

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 71% call dollar volume ($19.97M). Slightly bearish P/C ratio of 1.14.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

7-Day Avg BULLISH

Current NEUTRAL

Prior BEARISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

📈 Options Analysis

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💰 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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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 12 of results (avg 8.6%, best 6.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$315.00	Jul 31	10.80	11.60	$11.20	7.1%	26	0.56	49
$290.00	Aug 21	37.60	40.65	$39.13	7.8%	35	0.72	499
$317.50	Jul 31	9.50	10.35	$9.93	8.6%	12	0.52	32
$300.00	Aug 7	23.45	25.60	$24.53	8.8%	1	0.71	--
$310.00	Jul 31	13.70	15.00	$14.35	9.1%	6	0.64	223

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$330.00	Aug 21	27.85	29.75	$28.80	6.6%	32	0.55	558
$330.00	Jul 31	16.55	18.10	$17.33	8.9%	26	0.68	270
$345.00	Aug 21	37.25	40.85	$39.05	9.2%	2	0.65	12
$335.00	Jul 31	19.80	21.75	$20.78	9.4%	13	0.75	213
$360.00	Aug 21	47.50	52.30	$49.90	9.6%	3	0.73	147

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. 72 found (avg delta 0.69, highest 0.96)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Aug 7	54.25	62.35	$58.30	13.9%	1	0.96	--
$270.00	Aug 7	45.90	53.00	$49.45	14.4%	10	0.92	19
$290.00	Jul 31	26.30	32.90	$29.60	22.3%	3	0.88	299
$260.00	Aug 21	57.65	65.95	$61.80	13.4%	10	0.87	--
$280.00	Aug 7	36.75	44.25	$40.50	18.5%	2	0.87	9

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$365.00	Jul 31	43.95	52.00	$47.98	16.8%	2	0.94	19
$360.00	Jul 31	39.10	46.85	$42.98	18.0%	4	0.94	--
$367.50	Jul 31	46.40	54.15	$50.28	15.4%	8	0.94	--
$362.50	Jul 31	41.50	49.60	$45.55	17.8%	1	0.93	--
$357.50	Jul 31	36.70	44.65	$40.67	19.5%	5	0.92	--

Most actively traded options today. High liquidity = easy entry/exit. 246 active (total vol 7.3K, top 630)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Jul 31	0.28	0.85	$0.56	101.8%	630	0.06	2.0K
$370.00	Jul 31	0.01	0.56	$0.29	189.7%	613	0.03	871
$350.00	Aug 21	9.80	11.85	$10.83	18.9%	255	0.32	867
$350.00	Jul 31	0.88	1.22	$1.05	32.4%	251	0.10	1.6K
$340.00	Jul 31	2.12	2.77	$2.45	26.5%	171	0.19	250

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$312.50	Jul 31	7.10	8.15	$7.63	13.8%	243	0.41	927
$280.00	Jul 31	0.55	0.69	$0.62	22.6%	233	0.06	139
$310.00	Jul 31	6.20	6.95	$6.58	11.4%	185	0.37	1.1K
$300.00	Jul 31	3.10	3.55	$3.33	13.5%	161	0.22	535
$287.50	Jul 31	1.02	1.60	$1.31	44.3%	158	0.10	48

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 60 strikes (avg 14.5%, max 52.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$380.00	Jul 31	Aug 28	85.9%	68.0%	26.3%	72	158
$375.00	Jul 31	Aug 28	85.4%	67.9%	25.7%	21	280
$367.50	Jul 31	Aug 21	83.9%	67.2%	24.9%	11	26
$307.50	Jul 31	Aug 14	75.8%	62.5%	21.3%	3	--
$357.50	Jul 31	Aug 7	76.4%	64.8%	18.0%	41	51

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$255.00	Jul 31	Sep 4	106.5%	69.9%	52.4%	77	187
$367.50	Jul 31	Aug 7	83.9%	63.5%	32.2%	16	--
$265.00	Jul 31	Aug 28	88.7%	69.7%	27.2%	49	168
$260.00	Jul 31	Aug 28	89.8%	71.0%	26.4%	52	124
$362.50	Jul 31	Aug 7	80.2%	63.9%	25.6%	2	--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 190 found (best R:R 49.00, avg 3.91)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$375.00	$380.00	Aug 7	$0.14	$4.86	$0.14	34.71	$375.14
$350.00	$352.50	Jul 31	$0.14	$2.36	$0.14	16.86	$350.14
$352.50	$355.00	Jul 31	$0.14	$2.36	$0.14	16.86	$352.64
$345.00	$347.50	Jul 31	$0.15	$2.35	$0.15	15.67	$345.15
$375.00	$377.50	Jul 31	$0.15	$2.35	$0.15	15.67	$375.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$265.00	$260.00	Jul 31	$0.10	$4.90	$0.10	49.00	$264.90
$275.00	$270.00	Jul 31	$0.16	$4.84	$0.16	30.25	$274.84
$280.00	$275.00	Jul 31	$0.20	$4.80	$0.20	24.00	$279.80
$282.50	$280.00	Jul 31	$0.14	$2.36	$0.14	16.86	$282.36
$275.00	$270.00	Aug 7	$0.36	$4.64	$0.36	12.89	$274.64

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 217 found (best R:R 19.00, avg 1.26)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$270.00	$280.00	Aug 7	$8.95	$8.95	$1.05	8.52	$278.95
$260.00	$270.00	Aug 7	$8.85	$8.85	$1.15	7.70	$268.85
$290.00	$300.00	Jul 31	$8.75	$8.75	$1.25	7.00	$298.75
$305.00	$307.50	Jul 31	$2.10	$2.10	$0.40	5.25	$307.10
$260.00	$280.00	Aug 21	$16.05	$16.05	$3.95	4.06	$276.05

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$340.00	$335.00	Jul 31	$4.75	$4.75	$0.25	19.00	$335.25
$360.00	$357.50	Jul 31	$2.31	$2.31	$0.19	12.16	$357.69
$367.50	$365.00	Jul 31	$2.30	$2.30	$0.20	11.50	$365.20
$367.50	$365.00	Aug 7	$2.30	$2.30	$0.20	11.50	$365.20
$350.00	$345.00	Jul 31	$4.45	$4.45	$0.55	8.09	$345.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 62 found (avg debit $3.58, cheapest $0.22)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$380.00	Jul 31	Aug 7	$0.77	85.9%	66.7%
$375.00	Jul 31	Aug 7	$0.80	85.4%	64.8%
$372.50	Jul 31	Aug 7	$0.99	77.9%	63.8%
$370.00	Jul 31	Aug 7	$1.31	76.8%	65.7%
$360.00	Jul 31	Aug 7	$1.45	74.4%	60.8%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$255.00	Jul 31	Aug 7	$0.22	106.5%	70.5%
$260.00	Jul 31	Aug 7	$0.41	89.8%	66.5%
$265.00	Jul 31	Aug 7	$0.70	88.7%	68.5%
$362.50	Jul 31	Aug 7	$0.75	80.2%	63.9%
$270.00	Jul 31	Aug 7	$1.10	81.6%	68.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 67 found (cheapest 6.20% of stock, avg 12.25%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$317.50	Jul 31	$9.93	$9.75	$19.68	$297.82	$337.18	6.20%
$315.00	Jul 31	$11.20	$8.63	$19.83	$295.17	$334.83	6.25%
$320.00	Jul 31	$8.65	$11.18	$19.83	$300.17	$339.83	6.25%
$312.50	Jul 31	$12.50	$7.63	$20.13	$292.37	$332.63	6.34%
$322.50	Jul 31	$7.60	$12.55	$20.15	$302.35	$342.65	6.35%
$325.00	Jul 31	$6.65	$14.13	$20.78	$304.22	$345.78	6.55%
$307.50	Jul 31	$15.33	$5.58	$20.91	$286.59	$328.41	6.59%
$310.00	Jul 31	$14.35	$6.58	$20.93	$289.07	$330.93	6.60%
$327.50	Jul 31	$5.70	$15.70	$21.40	$306.10	$348.90	6.74%
$305.00	Jul 31	$17.43	$4.85	$22.28	$282.72	$327.28	7.02%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 3.31% of stock, avg 9.05%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$330.00	$307.50	Jul 31	$4.93	$5.58	$10.51	$296.99	$340.51
$327.50	$307.50	Jul 31	$5.70	$5.58	$11.28	$296.22	$338.78
$330.00	$310.00	Jul 31	$4.93	$6.58	$11.51	$298.49	$341.51
$325.00	$307.50	Jul 31	$6.65	$5.58	$12.23	$295.27	$337.23
$327.50	$310.00	Jul 31	$5.70	$6.58	$12.28	$297.72	$339.78
$330.00	$312.50	Jul 31	$4.93	$7.63	$12.56	$299.94	$342.56
$322.50	$307.50	Jul 31	$7.60	$5.58	$13.18	$294.32	$335.68
$325.00	$310.00	Jul 31	$6.65	$6.58	$13.23	$296.77	$338.23
$327.50	$312.50	Jul 31	$5.70	$7.63	$13.33	$299.17	$340.83
$330.00	$315.00	Jul 31	$4.93	$8.63	$13.56	$301.44	$343.56

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 433 found (best R:R 40.67, avg credit $3.83)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
285/290	310/315	Aug 21	$4.88	$0.12	40.67	$285.12	$314.88
325/330	355/360	Aug 28	$4.80	$0.20	24.00	$325.20	$359.80
282/285	305/308	Jul 31	$2.39	$0.11	21.73	$282.61	$307.39
290/292	305/308	Jul 31	$2.39	$0.11	21.73	$290.11	$307.39
295/300	305/310	Aug 21	$4.75	$0.25	19.00	$295.25	$309.75
288/290	305/308	Jul 31	$2.37	$0.13	18.23	$287.63	$307.37
285/288	305/308	Jul 31	$2.36	$0.14	16.86	$285.14	$307.36
305/308	320/322	Aug 21	$2.36	$0.14	16.86	$305.14	$322.36
260/265	270/280	Aug 7	$9.34	$0.66	14.15	$255.66	$279.34
280/285	300/305	Aug 21	$4.65	$0.35	13.29	$280.35	$304.65

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 89 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$325.00	$330.00	$335.00	Aug 28	$0.05	$4.95	99.00
$347.50	$350.00	$352.50	Aug 7	$0.05	$2.45	49.00
$345.00	$350.00	$355.00	Aug 14	$0.11	$4.89	44.45
$340.00	$342.50	$345.00	Jul 31	$0.06	$2.44	40.67
$322.50	$325.00	$327.50	Aug 7	$0.06	$2.44	40.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$307.50	$310.00	$312.50	Jul 31	$0.05	$2.45	49.00
$265.00	$270.00	$275.00	Aug 14	$0.10	$4.90	49.00
$260.00	$265.00	$270.00	Aug 21	$0.10	$4.90	49.00
$325.00	$327.50	$330.00	Jul 31	$0.06	$2.44	40.67
$310.00	$312.50	$315.00	Aug 14	$0.06	$2.44	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. 71 found (best net $-5.31, 71 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$330.00	$360.00	1:2	Sep 4	-$5.31	$24.69
$305.00	$330.00	1:2	Sep 4	-$10.70	$14.30
$300.00	$320.00	1:2	Aug 28	-$14.35	$5.65
$375.00	$380.00	1:2	Aug 7	-$0.88	$4.12
$365.00	$370.00	1:2	Aug 7	-$1.22	$3.78

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$280.00	$255.00	1:2	Sep 4	-$0.76	$24.24
$295.00	$275.00	1:2	Aug 28	-$3.08	$16.92
$325.00	$305.00	1:2	Sep 4	-$11.56	$8.44
$275.00	$265.00	1:2	Aug 28	-$3.52	$6.48
$265.00	$260.00	1:2	Jul 31	-$0.05	$4.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 91 found (best yield 7.12%, avg 2.32%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$320.00	Aug 28	$22.60	0.53	0.8%	7.12%	7.97%	3	--
$320.00	Aug 21	$20.35	0.52	0.8%	6.41%	7.26%	12	993
$325.00	Aug 28	$20.00	0.49	2.4%	6.30%	8.72%	4	--
$330.00	Sep 4	$19.55	0.47	4.0%	6.16%	10.16%	2	--
$322.50	Aug 21	$18.55	0.50	1.6%	5.85%	7.48%	3	--
$330.00	Aug 28	$18.25	0.47	4.0%	5.75%	9.75%	2	11
$325.00	Aug 21	$17.45	0.48	2.4%	5.50%	7.92%	4	33
$327.50	Aug 21	$16.90	0.46	3.2%	5.33%	8.53%	3	--
$335.00	Aug 28	$16.45	0.44	5.6%	5.18%	10.76%	10	26
$330.00	Aug 21	$16.25	0.45	4.0%	5.12%	9.12%	23	843

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 9,296

Total Puts 10,557

Put/Call Ratio 1.14

Net Difference -1,261

Prior's Put/Call Breakdown

Total Calls 8,578

Total Puts 10,881

Put/Call Ratio 1.27

Net Difference -2,303

Prior 7-Day Put/Call Summary

Total Calls 87,256

Total Puts 110,057

Average Put/Call Ratio 1.35

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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