Tour v492
PANW
PALO ALTO NETWORKS I
$359.49 -0.87%
$364.67 (+1.44%)🌙
as of 08/06 07:03 PM
8/6 19:03

Option Volume

Detail
Current (08/06) 28,082
Calls: 13,803 (49%)
Puts: 14,279 (51%)
Prior (08/05) 37,865
Calls: 11,646 (31%)
Puts: 26,219 (69%)
Current vs Prior -25.84%
Calls: +18.52% (Calls)
Puts: -45.54% (Puts)
Prior 7-Day Total 200,146
Calls: 93,608 (47%)
Puts: 106,538 (53%)
Prior 7-Day Average 28,592
Calls: 13,372 (47%)
Puts: 15,219 (53%)
Current vs Prior 7-Day Avg -1.78%
Calls: +3.22%
Puts: -6.18%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/06) $61.96M
Calls: $53.83M (87%)
Puts: $8.13M (13%)
Prior (08/05) $54.81M
Calls: $41.93M (77%)
Puts: $12.88M (23%)
Current vs Prior +13.03%
Calls: +28.36%
Puts: -36.87%
Prior 7-Day Total $295.15M
Calls: $218.71M (74%)
Puts: $76.44M (26%)
Prior 7-Day Average $42.16M
Calls: $31.24M (74%)
Puts: $10.92M (26%)
Current vs Prior 7-Day Avg +46.94%
Calls: +72.28%
Puts: -25.55%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/06) 1.03
Prior (08/05) 2.25
Current vs Prior -54.05%
Prior 7-Day Average 1.19
Current vs Prior 7-Day Avg -13.17%
Sentiment BEARISH

Open Interest

Detail
Current (08/06) 212,902
Calls: 106,556 (50%)
Puts: 106,346 (50%)
Prior (08/05) 266,432
Calls: 123,619 (46%)
Puts: 142,813 (54%)
Current vs Prior -20.09%
Prior 7-Day Total 1,550,650
Calls: 790,182 (51%)
Puts: 760,468 (49%)
Prior 7-Day Average 221,521
Calls: 112,883 (51%)
Puts: 108,638 (49%)
Current vs Prior 7-Day Avg -3.89%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 2.98% | 6.74%9.02% | 18.33%
Prior 4.24% | 7.61%9.84% | 18.88%
Current vs Prior -29.62% | -11.44%-8.36% | -2.95%
Prior 7-Day Avg 5.18% | 8.29%12.07% | 19.67%
Current vs 7-Day Avg -42.37% | -18.68%-25.31% | -6.85%
Prior 7-Day Eod 4.24% | 7.61%9.84% | 18.88%
Current vs 7-Day Eod -29.62% | -11.44%-8.36% | -2.95%
Sentiment BULLISHBULLISH

Relative Spread

Detail
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 25.17% | 16.47%
Calls: 27.86% | 16.68%
Puts: 22.47% | 16.25%
Current vs 7-Day Avg -43.89% | -17.73%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($53.83M) vs puts ($8.13M). Slightly bearish P/C ratio of 1.03. P/C ratio dropping 54% - sentiment shifting bullish. Declining open interest (down 20%) indicates positions being closed.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 17 of results (avg 8.1%, best 5.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Aug 217.808.25$8.035.6%500.32863
$420.00Sep 1811.0511.70$11.385.7%2.6K0.27202
$310.00Sep 1858.5062.15$60.336.1%10.78--
$370.00Sep 421.4522.90$22.176.5%110.4723
$300.00Sep 1865.7570.35$68.056.8%90.82640
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Sep 1841.0043.95$42.486.9%130.56238
$425.00Aug 2164.7570.65$67.708.7%20.922
$420.00Aug 2159.9565.90$62.939.5%40.9113
$300.00Sep 187.958.75$8.359.6%410.181.8K
$420.00Aug 2861.4067.65$64.539.7%20.86--

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. 97 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$297.50Aug 757.8563.45$60.659.2%11.00--
$305.00Aug 750.3556.50$53.4311.5%11.004
$315.00Aug 740.3546.60$43.4814.4%81.0024
$320.00Aug 737.1540.85$39.009.5%121.00104
$322.50Aug 733.3038.60$35.9514.7%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Aug 737.9544.75$41.3516.4%150.98--
$425.00Aug 2164.7570.65$67.708.7%20.922
$420.00Aug 2159.9565.90$62.939.5%40.9113
$375.00Aug 714.8520.05$17.4529.8%50.91--
$415.00Aug 2155.2561.25$58.2510.3%20.892

Most actively traded options today. High liquidity = easy entry/exit. 304 active (total vol 15.3K, top 2.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Sep 1811.0511.70$11.385.7%2.6K0.27202
$400.00Aug 213.404.00$3.7016.2%6560.181.2K
$390.00Aug 214.356.75$5.5543.2%5350.25844
$430.00Aug 210.761.37$1.0757.0%4370.06844
$375.00Aug 70.260.70$0.4891.7%3300.09831
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Aug 71.151.77$1.4642.5%1.2K0.21948
$340.00Aug 70.150.40$0.2889.3%5350.05502
$345.00Aug 70.301.35$0.83126.5%2880.13399
$362.50Aug 75.157.80$6.4840.9%2370.60176
$295.00Aug 140.250.79$0.52103.8%2220.0362

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 69 strikes (avg 64.8%, max 321.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$425.00Aug 7Aug 28167.1%57.5%190.7%85203
$305.00Aug 7Aug 28153.0%55.9%173.9%24
$430.00Aug 7Sep 18157.9%62.5%152.7%5727
$395.00Aug 7Sep 11139.6%63.7%119.0%3192
$402.50Aug 7Aug 14116.1%55.0%110.9%6180
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$290.00Aug 7Sep 18269.3%63.9%321.5%561.7K
$295.00Aug 7Aug 28187.4%59.0%217.6%76--
$312.50Aug 7Aug 21159.7%56.6%181.9%9423
$292.50Aug 7Aug 14203.9%73.2%178.5%19256
$310.00Aug 7Sep 18161.3%63.7%153.4%169857

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 203 found (best R:R 37.46, avg 5.17)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$420.00$425.00Aug 21$0.14$4.86$0.1434.71$420.14
$425.00$430.00Aug 7$0.15$4.85$0.1532.33$425.15
$390.00$392.50Aug 14$0.10$2.40$0.1024.00$390.10
$405.00$410.00Aug 21$0.20$4.80$0.2024.00$405.20
$420.00$425.00Aug 28$0.24$4.76$0.2419.83$420.24
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$305.00$300.00Aug 7$0.13$4.87$0.1337.46$304.87
$295.00$290.00Aug 21$0.13$4.87$0.1337.46$294.87
$305.00$300.00Aug 14$0.18$4.82$0.1826.78$304.82
$295.00$290.00Aug 28$0.19$4.81$0.1925.32$294.81
$320.00$315.00Sep 4$0.25$4.75$0.2519.00$319.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 242 found (best R:R 75.92, avg 2.08)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$310.00$320.00Aug 21$9.87$9.87$0.1375.92$319.87
$290.00$300.00Aug 21$9.80$9.80$0.2049.00$299.80
$297.50$305.00Aug 7$7.22$7.22$0.2825.79$304.72
$322.50$325.00Aug 14$2.38$2.38$0.1219.83$324.88
$315.00$317.50Aug 14$2.37$2.37$0.1318.23$317.37
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$400.00$375.00Aug 7$23.90$23.90$1.1021.73$376.10
$425.00$420.00Aug 21$4.77$4.77$0.2320.74$420.23
$420.00$415.00Aug 21$4.68$4.68$0.3214.62$415.32
$395.00$392.50Aug 14$2.25$2.25$0.259.00$392.75
$415.00$400.00Aug 21$13.45$13.45$1.558.68$401.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 76 found (avg debit $3.47, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$297.50Aug 7Aug 14$0.70150.6%72.4%
$320.00Aug 7Aug 14$0.73112.9%60.5%
$405.00Aug 7Aug 14$0.80115.3%55.0%
$395.00Aug 7Aug 14$0.82139.6%55.4%
$402.50Aug 7Aug 14$0.92116.1%55.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$292.50Aug 7Aug 14$0.10203.9%73.2%
$295.00Aug 7Aug 14$0.32187.4%74.8%
$310.00Aug 7Aug 14$0.36161.3%63.0%
$300.00Aug 7Aug 14$0.48127.7%69.0%
$307.50Aug 7Aug 14$0.49126.7%62.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 92 found (cheapest 2.53% of stock, avg 10.83%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$357.50Aug 7$5.58$3.53$9.11$348.39$366.612.53%
$360.00Aug 7$4.45$5.15$9.60$350.40$369.602.67%
$362.50Aug 7$3.48$6.48$9.96$352.54$372.462.77%
$355.00Aug 7$6.80$3.21$10.01$344.99$365.012.78%
$365.00Aug 7$2.23$8.13$10.36$354.64$375.362.88%
$352.50Aug 7$9.05$2.29$11.34$341.16$363.843.15%
$350.00Aug 7$10.20$1.46$11.66$338.34$361.663.24%
$347.50Aug 7$11.40$1.05$12.45$335.05$359.953.46%
$370.00Aug 7$1.30$12.20$13.50$356.50$383.503.76%
$345.00Aug 7$14.33$0.83$15.16$329.84$360.164.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.65% of stock, avg 7.28%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$370.00$347.50Aug 7$1.30$1.05$2.35$345.15$372.35
$367.50$347.50Aug 7$1.62$1.05$2.67$344.83$370.17
$370.00$350.00Aug 7$1.30$1.46$2.76$347.24$372.76
$367.50$350.00Aug 7$1.62$1.46$3.08$346.92$370.58
$365.00$347.50Aug 7$2.23$1.05$3.28$344.22$368.28
$370.00$352.50Aug 7$1.30$2.29$3.59$348.91$373.59
$365.00$350.00Aug 7$2.23$1.46$3.69$346.31$368.69
$367.50$352.50Aug 7$1.62$2.29$3.91$348.59$371.41
$370.00$355.00Aug 7$1.30$3.21$4.51$350.49$374.51
$362.50$347.50Aug 7$3.48$1.05$4.53$342.97$367.03

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 307 found (best R:R 40.67, avg credit $4.40)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
320/325355/360Sep 4$4.88$0.1240.67$320.12$359.88
335/340345/350Aug 28$4.87$0.1337.46$335.13$349.87
340/350370/380Sep 18$9.71$0.2933.48$340.29$379.71
350/360370/380Sep 18$9.70$0.3032.33$350.30$379.70
308/310315/320Aug 7$4.80$0.2024.00$305.20$319.80
325/328332/335Aug 14$2.40$0.1024.00$325.10$334.90
310/312332/335Aug 14$2.39$0.1121.73$310.11$334.89
290/300310/320Sep 18$9.50$0.5019.00$290.50$319.50
318/320330/332Aug 14$2.35$0.1515.67$317.65$332.35
325/328330/332Aug 14$2.34$0.1614.63$325.16$332.34

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 127 found (best R:R 124.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$330.00$340.00Sep 18$0.15$9.8565.67
$347.50$350.00$352.50Aug 7$0.05$2.4549.00
$385.00$390.00$395.00Sep 11$0.11$4.8944.45
$360.00$362.50$365.00Aug 14$0.06$2.4440.67
$395.00$397.50$400.00Aug 14$0.06$2.4440.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$350.00$360.00$370.00Sep 18$0.08$9.92124.00
$300.00$310.00$320.00Sep 18$0.14$9.8670.43
$415.00$420.00$425.00Aug 21$0.09$4.9154.56
$290.00$292.50$295.00Aug 14$0.05$2.4549.00
$355.00$357.50$360.00Aug 14$0.06$2.4440.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 121 found (best net $-0.52, 107 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$400.00$430.001:2Sep 4-$1.02$28.98
$407.50$425.001:2Aug 7-$0.34$17.16
$425.00$430.001:2Aug 21-$0.77$4.23
$405.00$410.001:2Aug 14-$0.84$4.16
$415.00$420.001:2Aug 21-$0.99$4.01
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$360.00$330.001:2Sep 4-$0.52$29.48
$392.50$372.501:2Aug 14-$2.32$17.68
$390.00$370.001:2Aug 21-$6.81$13.19
$350.00$330.001:2Sep 11-$6.92$13.08
$320.00$312.501:2Aug 21-$1.03$6.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 82 found (best yield 7.90%, avg 2.09%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$360.00Sep 18$28.400.530.1%7.90%8.04%1391.8K
$370.00Sep 18$24.050.482.9%6.69%9.61%3211.9K
$360.00Sep 4$23.400.530.1%6.51%6.65%1339
$370.00Sep 4$21.450.472.9%5.97%8.89%1123
$365.00Sep 4$21.100.501.5%5.87%7.40%1--
$380.00Sep 18$20.250.435.7%5.63%11.34%313.3K
$390.00Sep 18$18.450.398.5%5.13%13.62%18468
$360.00Aug 28$17.300.520.1%4.81%4.95%9104
$380.00Sep 4$15.500.415.7%4.31%10.02%1--
$385.00Sep 11$15.150.397.1%4.21%11.31%4--

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 13,803
Total Puts 14,279
Put/Call Ratio 1.03
Net Difference -476

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 93,608
Total Puts 106,538
Average Put/Call Ratio 1.19
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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Chart Title

Price — Past 7 Days

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