Tour v492
PANW
PALO ALTO NETWORKS I
$362.66 -1.00%
$363.50 (+0.23%)🌙
as of 08/05 07:05 PM
(8/4 19:03) ◀
|
Wednesday, August 5, 2026 (7:05pm)
January 2026
|
▶ (8/6 19:03)
◀ 8/5 19:05 ▶

Option Volume

Detail
ℹ
Current (08/05) 37,865
Calls: 11,646 (31%)
Puts: 26,219 (69%)
Prior (08/04) 37,587
Calls: 19,047 (51%)
Puts: 18,540 (49%)
Current vs Prior +0.74%
Calls: -38.86% (Calls)
Puts: +41.42% (Puts)
Prior 7-Day Total 182,134
Calls: 91,258 (50%)
Puts: 90,876 (50%)
Prior 7-Day Average 26,019
Calls: 13,036 (50%)
Puts: 12,982 (50%)
Current vs Prior 7-Day Avg +45.53%
Calls: -10.67%
Puts: +101.96%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/05) $54.81M
Calls: $41.93M (77%)
Puts: $12.88M (23%)
Prior (08/04) $74.87M
Calls: $63.26M (84%)
Puts: $11.61M (16%)
Current vs Prior -26.79%
Calls: -33.71%
Puts: +10.93%
Prior 7-Day Total $268.61M
Calls: $196.74M (73%)
Puts: $71.87M (27%)
Prior 7-Day Average $38.37M
Calls: $28.11M (73%)
Puts: $10.27M (27%)
Current vs Prior 7-Day Avg +42.84%
Calls: +49.20%
Puts: +25.42%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05) 2.25
Prior (08/04) 0.97
Current vs Prior +131.29%
Prior 7-Day Average 1.03
Current vs Prior 7-Day Avg +118.15%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/05) 266,432
Calls: 123,619 (46%)
Puts: 142,813 (54%)
Prior (08/04) 242,913
Calls: 141,972 (58%)
Puts: 100,941 (42%)
Current vs Prior +9.68%
Prior 7-Day Total 1,491,682
Calls: 758,989 (51%)
Puts: 732,693 (49%)
Prior 7-Day Average 213,097
Calls: 108,427 (51%)
Puts: 104,670 (49%)
Current vs Prior 7-Day Avg +25.03%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.24% | 7.61%9.84% | 18.88%
Prior 5.06% | 8.03%10.65% | 19.27%
Current vs Prior -16.25% | -5.27%-7.66% | -1.99%
Prior 7-Day Avg 5.52% | 8.52%12.73% | 19.96%
Current vs 7-Day Avg -23.12% | -10.71%-22.73% | -5.41%
Prior 7-Day Eod 5.06% | 8.03%10.65% | 19.27%
Current vs 7-Day Eod -16.25% | -5.27%-7.66% | -1.99%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 14.12% | 13.55%
Calls: 9.39% | 9.89%
Puts: 18.85% | 17.22%
Prior 14.12% | 13.55%
Calls: 9.39% | 9.89%
Puts: 18.85% | 17.22%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 27.93% | 17.20%
Calls: 32.48% | 18.38%
Puts: 23.37% | 16.01%
Current vs 7-Day Avg -49.44% | -21.22%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($41.93M) vs puts ($12.88M). Extreme bearish P/C ratio of 2.25 - heavy put buying. P/C ratio rising 131% - increased hedging/bearish 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 NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 21 of results (avg 8.2%, best 4.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$310.00Sep 1862.3565.40$63.884.8%120.79383
$300.00Aug 2864.0067.30$65.655.0%10.90--
$400.00Sep 1817.9018.95$18.425.7%580.37442
$300.00Sep 1868.9573.40$71.186.3%30.83641
$300.00Aug 2163.0067.35$65.186.7%170.942.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$340.00Aug 2810.3511.00$10.686.1%180.309
$310.00Sep 189.7010.60$10.158.9%650.20502
$400.00Sep 1851.3556.15$53.758.9%50.6310
$345.00Aug 2812.1513.30$12.739.0%520.3423
$380.00Sep 1838.5042.25$40.389.3%320.54208

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. 111 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Aug 760.3566.65$63.509.9%21.00--
$320.00Aug 739.6547.05$43.3517.1%41.00109
$322.50Aug 737.5544.25$40.9016.4%31.00--
$300.00Aug 1460.0567.20$63.6311.2%50.98--
$310.00Aug 1450.3557.50$53.9313.3%10.95--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$395.00Aug 728.7536.25$32.5023.1%10.958
$392.50Aug 726.8533.50$30.1822.0%10.93--
$410.00Aug 1445.8050.80$48.3010.4%20.9024
$430.00Aug 2164.6570.95$67.809.3%40.8915
$397.50Aug 1433.3039.85$36.5817.9%20.82--

Most actively traded options today. High liquidity = easy entry/exit. 327 active (total vol 12.4K, top 924)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Aug 142.192.64$2.4218.6%5950.15502
$400.00Aug 215.205.95$5.5813.4%4440.231.1K
$365.00Aug 75.906.50$6.209.7%4400.46393
$380.00Aug 71.342.24$1.7950.3%3350.18841
$375.00Aug 72.133.35$2.7444.5%2700.26778
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Aug 71.722.70$2.2144.3%9240.22137
$295.00Aug 210.671.32$1.0065.0%3980.05135
$300.00Aug 70.020.05$0.0475.0%2250.00951
$300.00Aug 211.051.42$1.2330.1%1550.061.5K
$300.00Sep 187.558.55$8.0512.4%1390.171.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 71 strikes (avg 31.7%, max 220.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$430.00Aug 7Sep 18133.1%64.6%106.2%194727
$425.00Aug 7Aug 21115.5%58.2%98.4%13152
$315.00Aug 7Aug 14112.5%63.6%76.7%340
$420.00Aug 7Sep 18114.9%65.5%75.3%16350
$300.00Aug 7Sep 18100.4%64.1%56.6%5641
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$302.50Aug 7Aug 21193.4%60.3%220.6%8--
$305.00Aug 7Aug 28114.3%56.8%101.3%79293
$295.00Aug 7Sep 4140.9%70.6%99.5%13103
$312.50Aug 7Aug 21116.8%59.5%96.4%28455
$292.50Aug 7Aug 14144.7%74.4%94.4%751

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 236 found (best R:R 34.71, avg 3.99)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$420.00$425.00Aug 7$0.14$4.86$0.1434.71$420.14
$420.00$425.00Aug 14$0.16$4.84$0.1630.25$420.16
$390.00$392.50Aug 14$0.10$2.40$0.1024.00$390.10
$415.00$420.00Aug 14$0.22$4.78$0.2221.73$415.22
$410.00$415.00Aug 14$0.29$4.71$0.2916.24$410.29
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$300.00$295.00Aug 21$0.23$4.77$0.2320.74$299.77
$327.50$325.00Aug 7$0.12$2.38$0.1219.83$327.38
$340.00$337.50Aug 7$0.13$2.37$0.1318.23$339.87
$305.00$300.00Aug 28$0.28$4.72$0.2816.86$304.72
$340.00$337.50Aug 14$0.15$2.35$0.1515.67$339.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 275 found (best R:R 49.00, avg 1.66)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$325.00$330.00Aug 21$4.90$4.90$0.1049.00$329.90
$300.00$315.00Aug 7$14.60$14.60$0.4036.50$314.60
$300.00$310.00Aug 14$9.70$9.70$0.3032.33$309.70
$325.00$330.00Aug 28$4.75$4.75$0.2519.00$329.75
$335.00$337.50Aug 7$2.37$2.37$0.1318.23$337.37
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$410.00$397.50Aug 14$11.72$11.72$0.7815.03$398.28
$395.00$392.50Aug 7$2.32$2.32$0.1812.89$392.68
$392.50$375.00Aug 7$15.38$15.38$2.127.25$377.12
$302.50$300.00Aug 7$2.11$2.11$0.395.41$300.39
$430.00$375.00Aug 21$43.95$43.95$11.053.98$386.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 72 found (avg debit $3.56, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$300.00Aug 7Aug 14$0.13100.4%63.7%
$430.00Aug 7Aug 14$0.31133.1%66.7%
$425.00Aug 7Aug 14$0.47115.5%62.3%
$420.00Aug 7Aug 14$0.49114.9%60.9%
$320.00Aug 7Aug 14$0.7081.4%60.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$292.50Aug 7Aug 14$0.21144.7%74.4%
$295.00Aug 7Aug 14$0.29140.9%74.2%
$300.00Aug 7Aug 14$0.31100.4%63.7%
$312.50Aug 7Aug 14$0.43116.8%62.4%
$305.00Aug 7Aug 14$0.44114.3%65.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 104 found (cheapest 3.87% of stock, avg 11.68%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$360.00Aug 7$8.53$5.50$14.03$345.97$374.033.87%
$362.50Aug 7$7.18$7.05$14.23$348.27$376.733.92%
$365.00Aug 7$6.20$8.20$14.40$350.60$379.403.97%
$367.50Aug 7$4.95$9.65$14.60$352.90$382.104.03%
$357.50Aug 7$10.00$4.68$14.68$342.82$372.184.05%
$355.00Aug 7$11.60$3.68$15.28$339.72$370.284.21%
$370.00Aug 7$4.00$11.25$15.25$354.75$385.254.21%
$352.50Aug 7$13.35$2.91$16.26$336.24$368.764.48%
$372.50Aug 7$3.28$12.95$16.23$356.27$388.734.48%
$375.00Aug 7$2.74$14.80$17.54$357.46$392.544.84%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.56% of stock, avg 8.56%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$375.00$352.50Aug 7$2.74$2.91$5.65$346.85$380.65
$372.50$352.50Aug 7$3.28$2.91$6.19$346.31$378.69
$375.00$355.00Aug 7$2.74$3.68$6.42$348.58$381.42
$370.00$352.50Aug 7$4.00$2.91$6.91$345.59$376.91
$372.50$355.00Aug 7$3.28$3.68$6.96$348.04$379.46
$375.00$357.50Aug 7$2.74$4.68$7.42$350.08$382.42
$370.00$355.00Aug 7$4.00$3.68$7.68$347.32$377.68
$367.50$352.50Aug 7$4.95$2.91$7.86$344.64$375.36
$372.50$357.50Aug 7$3.28$4.68$7.96$349.54$380.46
$375.00$360.00Aug 7$2.74$5.50$8.24$351.76$383.24

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 287 found (best R:R 75.92, avg credit $4.73)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
320/330340/350Sep 18$9.87$0.1375.92$320.13$349.87
330/335340/345Aug 28$4.88$0.1240.67$330.12$344.88
345/350355/360Sep 4$4.87$0.1337.46$345.13$359.87
310/320330/340Sep 18$9.71$0.2933.48$310.29$339.71
320/325330/335Aug 28$4.85$0.1532.33$320.15$334.85
360/365370/375Sep 11$4.80$0.2024.00$360.20$374.80
355/360365/370Sep 11$4.79$0.2122.81$355.21$369.79
312/315338/340Aug 14$2.38$0.1219.83$312.62$339.88
315/320340/345Aug 28$4.76$0.2419.83$315.24$344.76
340/345355/360Aug 28$4.76$0.2419.83$340.24$359.76

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 129 found (best R:R 89.91, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$330.00$340.00Sep 18$0.11$9.8989.91
$415.00$420.00$425.00Aug 14$0.06$4.9482.33
$410.00$415.00$420.00Aug 14$0.07$4.9370.43
$365.00$370.00$375.00Aug 28$0.07$4.9370.43
$390.00$395.00$400.00Aug 21$0.08$4.9261.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$350.00$352.50$355.00Aug 7$0.07$2.4334.71
$340.00$345.00$350.00Aug 28$0.17$4.8328.41
$340.00$342.50$345.00Aug 7$0.09$2.4126.78
$345.00$350.00$355.00Aug 28$0.18$4.8226.78
$367.50$370.00$372.50Aug 7$0.10$2.4024.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 108 found (best net $-5.05, 100 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$410.00$430.001:2Sep 11-$5.05$14.95
$420.00$430.001:2Aug 28-$2.16$7.84
$402.50$410.001:2Aug 14-$0.83$6.67
$300.00$330.001:2Sep 4-$24.88$5.12
$420.00$425.001:2Aug 7-$0.23$4.77
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$397.50$377.501:2Aug 14-$6.52$13.48
$345.00$330.001:2Sep 4-$7.10$7.90
$340.00$325.001:2Sep 11-$7.50$7.50
$380.00$360.001:2Sep 4-$13.89$6.11
$310.00$300.001:2Sep 4-$4.26$5.74

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 91 found (best yield 7.64%, avg 2.51%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$370.00Sep 18$27.700.512.0%7.64%9.66%451.9K
$365.00Sep 11$27.200.530.7%7.50%8.15%1--
$365.00Sep 4$24.550.530.7%6.77%7.41%1315
$370.00Sep 11$24.400.512.0%6.73%8.75%21
$380.00Sep 18$23.400.464.8%6.45%11.23%503.3K
$370.00Sep 4$23.100.502.0%6.37%8.39%222
$375.00Sep 11$22.000.483.4%6.07%9.47%110
$375.00Sep 4$20.250.473.4%5.58%8.99%2--
$390.00Sep 18$19.850.417.5%5.47%13.01%95462
$365.00Aug 28$19.350.510.7%5.34%5.98%4230

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 11,646
Total Puts 26,219
Put/Call Ratio 2.25
Net Difference -14,573

Prior's Put/Call Breakdown

Total Calls 19,047
Total Puts 18,540
Put/Call Ratio 0.97
Net Difference 507

Prior 7-Day Put/Call Summary

Total Calls 91,258
Total Puts 90,876
Average Put/Call Ratio 1.03
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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Chart Title

Price — Past 7 Days

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