PANW - Options Database

PANW

PALO ALTO NETWORKS I

$347.25 +2.05%

$346.50 (-0.22%)🌙

as of 10/21 06:39 PM

(10/20 18:35) ◀

Wednesday, October 21, 2026 (6:39pm)

▶ (10/22 18:46)

◀ 10/21 18:39 ▶

Option Volume

Detail

ℹ

Current (10/21) 33,999

Calls: 20,319 (60%)

Puts: 13,680 (40%)

Prior (10/20) 26,294

Calls: 13,411 (51%)

Puts: 12,883 (49%)

Current vs Prior +29.30%

Calls: +51.51% (Calls)

Puts: +6.19% (Puts)

Prior 7-Day Total 274,900

Calls: 137,986 (50%)

Puts: 136,914 (50%)

Prior 7-Day Average 39,271

Calls: 19,712 (50%)

Puts: 19,559 (50%)

Current vs Prior 7-Day Avg -13.43%

Calls: +3.08%

Puts: -30.06%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/21) $99.65M

Calls: $82.99M (83%)

Puts: $16.66M (17%)

Prior (10/20) $58.33M

Calls: $36.37M (62%)

Puts: $21.95M (38%)

Current vs Prior +70.84%

Calls: +128.15%

Puts: -24.12%

Prior 7-Day Total $563.19M

Calls: $357.85M (64%)

Puts: $205.35M (36%)

Prior 7-Day Average $80.46M

Calls: $51.12M (64%)

Puts: $29.34M (36%)

Current vs Prior 7-Day Avg +23.85%

Calls: +62.34%

Puts: -43.22%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/21) 0.67

Prior (10/20) 0.96

Current vs Prior -29.91%

Prior 7-Day Average 0.99

Current vs Prior 7-Day Avg -32.20%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/21) 292,739

Calls: 136,110 (46%)

Puts: 156,629 (54%)

Prior (10/20) 306,157

Calls: 145,131 (47%)

Puts: 161,026 (53%)

Current vs Prior -4.38%

Prior 7-Day Total 2,021,011

Calls: 1,036,047 (51%)

Puts: 984,964 (49%)

Prior 7-Day Average 288,715

Calls: 148,006 (51%)

Puts: 140,709 (49%)

Current vs Prior 7-Day Avg +1.39%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (10/23) | Next (10/30)Expiry (11/20) | Next (12/18)

Current 3.92% | 7.31%14.34% | 19.28%

Prior 4.65% | 7.61%13.56% | 19.05%

Current vs Prior -15.81% | -3.82%+5.79% | +1.20%

Prior 7-Day Avg 4.51% | 7.37%8.82% | 17.11%

Current vs 7-Day Avg -13.19% | -0.74%+62.57% | +12.70%

Prior 7-Day Eod 4.65% | 7.61%13.56% | 19.05%

Current vs 7-Day Eod -15.81% | -3.82%+5.79% | +1.20%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 33.98% | 13.73%

Calls: 31.25% | 10.65%

Puts: 36.70% | 16.80%

Prior 33.98% | 13.73%

Calls: 31.25% | 10.65%

Puts: 36.70% | 16.80%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 33.98% | 13.73%

Calls: 31.25% | 10.65%

Puts: 36.70% | 16.80%

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

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 83% of dollar volume in calls ($82.99M) vs puts ($16.66M). Elevated premium activity with dollar volume up 71% vs prior. Bullish P/C ratio of 0.67. P/C ratio dropping 30% - sentiment shifting bullish.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BULLISH

Prior NEUTRAL

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

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High Delta

⚖️

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 6 of results (avg 8.9%, best 7.7%)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Nov 6	10.60	11.50	$11.05	8.1%	16	0.41	33
$280.00	Nov 20	68.65	75.55	$72.10	9.6%	3	0.91	116
$347.50	Oct 30	12.05	13.30	$12.68	9.9%	38	0.53	102

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$340.00	Nov 20	18.05	19.50	$18.77	7.7%	233	0.42	983
$360.00	Oct 23	13.65	14.85	$14.25	8.4%	49	0.80	938
$365.00	Nov 20	31.25	34.45	$32.85	9.7%	6	0.58	4

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.81, cheapest $0.51)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$370.00	Oct 23	0.47	0.55	$0.51	15.7%	686	0.08	425
$365.00	Oct 23	0.90	1.04	$0.97	14.4%	240	0.13	283

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$300.00	Oct 30	0.88	1.00	$0.94	12.8%	12	0.06	3.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 112 found (avg delta 0.72, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$300.00	Oct 23	43.50	51.75	$47.63	17.3%	1	0.99	--
$310.00	Oct 23	33.55	41.80	$37.67	21.9%	3	0.98	18
$315.00	Oct 23	28.60	36.90	$32.75	25.3%	1	0.98	--
$325.00	Oct 23	19.35	26.90	$23.13	32.6%	19	0.92	47
$280.00	Nov 20	68.65	75.55	$72.10	9.6%	3	0.91	116

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$380.00	Oct 23	28.50	36.75	$32.63	25.3%	13	1.00	147
$382.50	Oct 23	30.95	38.55	$34.75	21.9%	12	1.00	31
$385.00	Oct 23	33.45	41.70	$37.58	22.0%	6	1.00	266
$390.00	Oct 23	38.45	46.70	$42.58	19.4%	2	1.00	--
$395.00	Oct 23	43.40	50.80	$47.10	15.7%	1	1.00	5

Most actively traded options today. High liquidity = easy entry/exit. 315 active (total vol 16.3K, top 2.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Oct 23	4.05	5.70	$4.88	33.8%	1.8K	0.43	857
$370.00	Oct 23	0.47	0.55	$0.51	15.7%	686	0.08	425
$360.00	Oct 23	1.55	1.80	$1.68	14.9%	492	0.20	532
$380.00	Oct 23	0.10	0.20	$0.15	66.7%	476	0.03	1.5K
$375.00	Oct 23	0.19	0.47	$0.33	84.8%	386	0.05	344

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$325.00	Oct 30	3.50	4.95	$4.22	34.4%	2.1K	0.22	4.2K
$320.00	Oct 23	0.20	0.40	$0.30	66.7%	633	0.04	541
$330.00	Oct 23	0.89	1.11	$1.00	22.0%	334	0.13	763
$325.00	Oct 23	0.50	0.71	$0.61	34.4%	310	0.08	352
$340.00	Nov 20	18.05	19.50	$18.77	7.7%	233	0.42	983

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 17 strikes (avg 4.2%, max 11.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$335.00	Oct 23	Nov 27	62.9%	56.4%	11.6%	7	51
$362.50	Oct 23	Oct 30	60.9%	55.6%	9.5%	378	217
$347.50	Oct 23	Nov 6	60.1%	55.3%	8.8%	91	92
$355.00	Oct 23	Nov 27	61.9%	59.7%	3.8%	183	371
$350.00	Oct 23	Nov 27	62.1%	59.9%	3.7%	1.8K	867

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$347.50	Oct 23	Oct 30	60.1%	55.2%	8.9%	99	116
$342.50	Oct 23	Nov 6	59.0%	55.4%	6.5%	102	691
$355.00	Oct 23	Nov 27	61.9%	59.7%	3.8%	128	483
$350.00	Oct 23	Nov 27	62.1%	59.9%	3.7%	173	597
$345.00	Oct 23	Nov 27	59.8%	58.3%	2.5%	152	258

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 204 found (best R:R 5.25, avg 4.31)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$335.00	$340.00	Nov 27	$0.80	$4.20	$0.80	61%	5.25	$335.80
$355.00	$360.00	Nov 13	$0.58	$4.42	$0.58	46%	7.62	$355.58
$315.00	$320.00	Nov 20	$2.15	$2.85	$2.15	75%	1.33	$317.15
$325.00	$330.00	Oct 23	$3.00	$2.00	$3.00	92%	0.67	$328.00
$330.00	$340.00	Nov 20	$4.75	$5.25	$4.75	65%	1.11	$334.75

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$375.00	$370.00	Nov 20	$2.25	$2.75	$2.25	64%	1.22	$372.75
$365.00	$360.00	Nov 20	$2.00	$3.00	$2.00	58%	1.50	$363.00
$350.00	$345.00	Nov 13	$1.55	$3.45	$1.55	50%	2.23	$348.45
$355.00	$352.50	Nov 6	$0.57	$1.93	$0.57	55%	3.39	$354.43
$310.00	$305.00	Nov 27	$0.32	$4.68	$0.32	23%	14.62	$309.68

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 152 found (best R:R 0.61, avg 0.53)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$385.00	$390.00	Nov 20	$2.63	$2.63	$2.37	70%	1.11	$387.63
$375.00	$380.00	Nov 20	$2.90	$2.90	$2.10	64%	1.38	$377.90
$402.50	$405.00	Oct 23	$1.06	$1.06	$1.44	92%	0.74	$403.56
$355.00	$357.50	Oct 30	$2.02	$2.02	$0.48	56%	4.21	$357.02
$375.00	$380.00	Nov 13	$2.37	$2.37	$2.63	68%	0.90	$377.37

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$285.00	$280.00	Oct 23	$1.90	$1.90	$3.10	92%	0.61	$283.10
$340.00	$330.00	Nov 27	$5.57	$5.57	$4.43	58%	1.26	$334.43
$335.00	$330.00	Nov 20	$3.50	$3.50	$1.50	62%	2.33	$331.50
$345.00	$340.00	Nov 20	$3.76	$3.76	$1.24	55%	3.03	$341.24
$315.00	$310.00	Nov 27	$2.63	$2.63	$2.37	74%	1.11	$312.37

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $6.30, cheapest $4.96)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$340.00	Oct 23	Oct 30	$6.45	59.9%	54.3%
$350.00	Oct 23	Oct 30	$6.62	62.1%	56.9%
$347.50	Oct 23	Oct 30	$6.88	60.1%	55.2%
$342.50	Oct 23	Oct 30	$6.05	59.0%	54.8%
$352.50	Oct 23	Oct 30	$6.35	58.8%	54.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$340.00	Oct 23	Oct 30	$4.96	59.9%	54.3%
$350.00	Oct 23	Oct 30	$5.57	62.1%	56.9%
$347.50	Oct 23	Oct 30	$5.48	60.1%	55.2%
$352.50	Oct 23	Oct 30	$5.55	58.8%	54.9%
$342.50	Oct 23	Nov 6	$9.55	59.0%	55.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 75 found (cheapest 3.44% of stock, avg 9.73%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$347.50	Oct 23	$5.80	$6.15	$11.95	$335.55	$359.45	3.44%
$350.00	Oct 23	$4.88	$7.28	$12.16	$337.84	$362.16	3.50%
$352.50	Oct 23	$3.60	$8.80	$12.40	$340.10	$364.90	3.57%
$345.00	Oct 23	$7.45	$4.97	$12.42	$332.58	$357.42	3.58%
$342.50	Oct 23	$8.98	$3.85	$12.83	$329.67	$355.33	3.69%
$355.00	Oct 23	$3.08	$10.13	$13.21	$341.79	$368.21	3.80%
$340.00	Oct 23	$10.43	$3.04	$13.47	$326.53	$353.47	3.88%
$337.50	Oct 23	$13.10	$2.44	$15.54	$321.96	$353.04	4.48%
$335.00	Oct 23	$13.70	$1.92	$15.62	$319.38	$350.62	4.50%
$360.00	Oct 23	$1.68	$14.25	$15.93	$344.07	$375.93	4.59%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 1.22% of stock, avg 7.41%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$357.50	$335.00	Oct 23	$2.30	$1.92	$4.22	$330.78	$361.72
$357.50	$337.50	Oct 23	$2.30	$2.44	$4.74	$332.76	$362.24
$355.00	$335.00	Oct 23	$3.08	$1.92	$5.00	$330.00	$360.00
$357.50	$340.00	Oct 23	$2.30	$3.04	$5.34	$334.66	$362.84
$355.00	$337.50	Oct 23	$3.08	$2.44	$5.52	$331.98	$360.52
$355.00	$340.00	Oct 23	$3.08	$3.04	$6.12	$333.88	$361.12
$352.50	$335.00	Oct 23	$3.60	$1.92	$5.52	$329.48	$358.02
$352.50	$337.50	Oct 23	$3.60	$2.44	$6.04	$331.46	$358.54
$357.50	$342.50	Oct 23	$2.30	$3.85	$6.15	$336.35	$363.65
$352.50	$340.00	Oct 23	$3.60	$3.04	$6.64	$333.36	$359.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 245 found (best R:R 5.10, avg credit $1.64)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
310/315	395/400	Nov 27	$4.18	$0.82	46%	5.10	$310.82	$399.18
290/295	395/400	Nov 27	$3.59	$1.41	56%	2.55	$291.41	$398.59
280/285	370/372	Oct 23	$2.02	$2.98	84%	0.68	$282.98	$372.02
280/285	368/370	Oct 23	$2.05	$2.95	82%	0.69	$282.95	$369.55
280/285	365/368	Oct 23	$2.21	$2.79	79%	0.79	$282.79	$367.21
310/315	390/395	Nov 27	$3.90	$1.10	44%	3.55	$311.10	$393.90
280/285	362/365	Oct 23	$2.25	$2.75	75%	0.82	$282.75	$364.75
290/295	390/395	Nov 27	$3.31	$1.69	54%	1.96	$291.69	$393.31
325/330	375/380	Nov 13	$4.25	$0.75	35%	5.67	$325.75	$379.25
305/310	375/380	Nov 13	$3.50	$1.50	49%	2.33	$306.50	$378.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 115 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$345.00	$350.00	$355.00	Nov 13	$0.05	$4.95	8%	99.00
$340.00	$345.00	$350.00	Nov 13	$0.07	$4.93	8%	70.43
$340.00	$345.00	$350.00	Nov 27	$0.14	$4.86	6%	34.71
$405.00	$410.00	$415.00	Nov 13	$0.06	$4.94	2%	82.33
$355.00	$357.50	$360.00	Oct 23	$0.16	$2.34	11%	14.62

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$342.50	$345.00	$347.50	Oct 23	$0.06	$2.44	13%	40.67
$325.00	$330.00	$335.00	Nov 13	$0.12	$4.88	8%	40.67
$380.00	$385.00	$390.00	Nov 20	$0.12	$4.88	7%	40.67
$335.00	$337.50	$340.00	Oct 23	$0.08	$2.42	10%	30.25
$355.00	$360.00	$365.00	Nov 27	$0.10	$4.90	6%	49.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 103 found (best net $-14.01, 93 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$375.00	$377.50	1:2	Oct 23	-$0.07	$2.43
$382.50	$385.00	1:2	Oct 23	-$0.07	$2.43
$377.50	$380.00	1:2	Oct 23	-$0.10	$2.40
$407.50	$410.00	1:2	Oct 30	-$0.18	$2.32
$365.00	$367.50	1:2	Oct 23	-$0.35	$2.15

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$395.00	$365.00	1:2	Nov 27	-$14.01	$15.99
$305.00	$300.00	1:2	Nov 6	-$0.37	$4.63
$300.00	$290.00	1:2	Oct 30	-$0.34	$9.66
$315.00	$310.00	1:2	Oct 23	-$0.06	$4.94
$292.50	$290.00	1:2	Oct 23	$0.00	$2.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 88 found (best yield 5.14%, avg 1.99%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$360.00	Nov 20	$17.85	0.46	3.7%	5.14%	8.81%	41	759
$350.00	Nov 20	$22.25	0.52	0.8%	6.41%	7.20%	83	869
$355.00	Nov 20	$19.90	0.49	2.2%	5.73%	7.96%	16	19
$352.50	Nov 20	$21.00	0.50	1.5%	6.05%	7.56%	58	242
$355.00	Nov 27	$19.60	0.49	2.2%	5.64%	7.88%	7	6
$360.00	Nov 27	$17.55	0.46	3.7%	5.05%	8.73%	2	22
$357.50	Nov 20	$18.55	0.47	3.0%	5.34%	8.29%	4	18
$350.00	Nov 27	$21.80	0.52	0.8%	6.28%	7.07%	14	10
$370.00	Nov 20	$14.00	0.39	6.5%	4.03%	10.58%	38	849
$370.00	Nov 27	$13.50	0.41	6.5%	3.89%	10.44%	2	10

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 20,319

Total Puts 13,680

Put/Call Ratio 0.67

Net Difference 6,639

Prior's Put/Call Breakdown

Total Calls 13,411

Total Puts 12,883

Put/Call Ratio 0.96

Net Difference 528

Prior 7-Day Put/Call Summary

Total Calls 137,986

Total Puts 136,914

Average Put/Call Ratio 0.99

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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