PANW - Options Database

PANW

PALO ALTO NETWORKS I

$371.76 +2.25%

$371.57 (-0.05%)🌙

as of 09/21 06:52 PM

(9/18 18:52) ◀

Monday, September 21, 2026 (6:52pm)

▶

◀ 9/21 18:52

Option Volume

Detail

ℹ

Current (09/21) 43,239

Calls: 30,518 (71%)

Puts: 12,721 (29%)

Prior (09/18) 66,549

Calls: 40,674 (61%)

Puts: 25,875 (39%)

Current vs Prior -35.03%

Calls: -24.97% (Calls)

Puts: -50.84% (Puts)

Prior 7-Day Total 361,296

Calls: 222,103 (61%)

Puts: 139,193 (39%)

Prior 7-Day Average 51,613

Calls: 31,729 (61%)

Puts: 19,884 (39%)

Current vs Prior 7-Day Avg -16.23%

Calls: -3.82%

Puts: -36.03%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/21) $76.13M

Calls: $60.19M (79%)

Puts: $15.95M (21%)

Prior (09/18) $84.82M

Calls: $57.84M (68%)

Puts: $26.98M (32%)

Current vs Prior -10.25%

Calls: +4.06%

Puts: -40.91%

Prior 7-Day Total $545.88M

Calls: $393.27M (72%)

Puts: $152.61M (28%)

Prior 7-Day Average $77.98M

Calls: $56.18M (72%)

Puts: $21.80M (28%)

Current vs Prior 7-Day Avg -2.38%

Calls: +7.13%

Puts: -26.86%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21) 0.42

Prior (09/18) 0.64

Current vs Prior -34.48%

Prior 7-Day Average 0.67

Current vs Prior 7-Day Avg -37.43%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/21) 252,408

Calls: 141,272 (56%)

Puts: 111,136 (44%)

Prior (09/18) 325,378

Calls: 186,408 (57%)

Puts: 138,970 (43%)

Current vs Prior -22.43%

Prior 7-Day Total 2,069,374

Calls: 1,132,796 (55%)

Puts: 936,578 (45%)

Prior 7-Day Average 295,624

Calls: 161,828 (55%)

Puts: 133,796 (45%)

Current vs Prior 7-Day Avg -14.62%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 4.87% | 7.46%10.85% | 18.73%

Prior 5.54% | 7.75%1.05% | 11.99%

Current vs Prior -12.06% | -3.69%+932.49% | +56.26%

Prior 7-Day Avg 4.56% | 7.17%5.18% | 13.33%

Current vs 7-Day Avg +6.84% | +3.98%+109.44% | +40.51%

Prior 7-Day Eod 5.54% | 7.75%1.05% | 11.99%

Current vs 7-Day Eod -12.06% | -3.69%+932.49% | +56.26%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.50% | 15.66%

Calls: 7.31% | 18.69%

Puts: 21.70% | 12.62%

Prior 14.50% | 15.66%

Calls: 7.31% | 18.69%

Puts: 21.70% | 12.62%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 17.63% | 19.11%

Calls: 10.80% | 22.09%

Puts: 24.45% | 16.12%

Current vs 7-Day Avg -17.73% | -18.06%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($60.19M) vs puts ($15.95M). Extreme bullish P/C ratio of 0.42 - heavy call buying (30,518 calls vs 12,721 puts). P/C ratio dropping 34% - sentiment shifting bullish. Declining open interest (down 22%) indicates positions being closed.

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 BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

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

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Tightest Spreads

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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 26 of results (avg 7.8%, best 3.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$380.00	Sep 25	5.10	5.30	$5.20	3.8%	2.0K	0.36	426
$330.00	Oct 16	46.60	49.45	$48.03	5.9%	15	0.83	750
$350.00	Oct 16	31.20	33.20	$32.20	6.2%	24	0.70	1.4K
$310.00	Oct 16	62.80	67.00	$64.90	6.5%	5	0.91	224
$340.00	Oct 16	38.35	40.95	$39.65	6.6%	8	0.77	815

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Oct 16	9.50	10.20	$9.85	7.1%	143	0.30	2.3K
$360.00	Oct 16	13.10	14.10	$13.60	7.4%	398	0.38	873
$390.00	Oct 16	29.30	31.55	$30.43	7.4%	1	0.61	126
$442.50	Oct 2	69.15	74.95	$72.05	8.0%	56	0.88	--
$440.00	Oct 2	66.60	72.55	$69.57	8.6%	6	0.93	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.93, cheapest $0.93)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$405.00	Sep 25	0.86	1.00	$0.93	15.1%	147	0.09	693

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 89 found (avg delta 0.71, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$300.00	Sep 25	69.00	75.25	$72.13	8.7%	8	1.00	34
$305.00	Sep 25	63.10	70.50	$66.80	11.1%	3	1.00	24
$310.00	Sep 25	58.10	65.80	$61.95	12.4%	2	1.00	27
$320.00	Sep 25	49.30	54.55	$51.93	10.1%	2	1.00	67
$325.00	Sep 25	44.15	51.20	$47.68	14.8%	1	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$445.00	Oct 2	70.80	77.40	$74.10	8.9%	24	0.93	--
$440.00	Oct 2	66.60	72.55	$69.57	8.6%	6	0.93	--
$430.00	Oct 2	55.20	62.90	$59.05	13.0%	2	0.93	--
$432.50	Oct 2	58.25	65.30	$61.78	11.4%	4	0.92	--
$442.50	Oct 2	69.15	74.95	$72.05	8.0%	56	0.88	--

Most actively traded options today. High liquidity = easy entry/exit. 319 active (total vol 31.0K, top 5.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Oct 2	4.15	4.50	$4.33	8.1%	5.3K	0.23	703
$400.00	Sep 25	1.24	1.40	$1.32	12.1%	2.1K	0.12	1.2K
$372.50	Sep 25	7.60	8.75	$8.18	14.1%	2.0K	0.49	54
$380.00	Sep 25	5.10	5.30	$5.20	3.8%	2.0K	0.36	426
$410.00	Oct 16	6.95	7.75	$7.35	10.9%	882	0.26	1.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$370.00	Sep 25	6.95	8.30	$7.63	17.7%	508	0.46	230
$320.00	Oct 16	2.61	3.20	$2.91	20.3%	450	0.12	4.3K
$360.00	Oct 16	13.10	14.10	$13.60	7.4%	398	0.38	873
$372.50	Sep 25	8.30	9.60	$8.95	14.5%	393	0.51	83
$345.00	Oct 2	3.10	4.30	$3.70	32.4%	372	0.19	116

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 27 strikes (avg 10.4%, max 17.8%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$360.00	Sep 25	Oct 30	55.9%	47.5%	17.8%	796	781
$372.50	Sep 25	Oct 16	56.1%	49.1%	14.4%	2.1K	54
$370.00	Sep 25	Oct 30	54.7%	48.9%	11.8%	335	262
$365.00	Sep 25	Oct 30	54.4%	49.1%	10.8%	240	510
$392.50	Sep 25	Oct 2	58.3%	52.7%	10.6%	651	101

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$360.00	Sep 25	Oct 30	55.9%	47.5%	17.8%	290	295
$372.50	Sep 25	Oct 16	56.1%	49.1%	14.4%	397	83
$355.00	Sep 25	Oct 30	56.0%	49.2%	13.7%	144	217
$370.00	Sep 25	Oct 30	54.7%	48.9%	11.8%	510	230
$352.50	Sep 25	Oct 16	56.0%	50.2%	11.4%	134	97

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 238 found (best R:R 4.10, avg 4.70)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$380.00	$385.00	Oct 30	$0.98	$4.02	$0.98	48%	4.10	$380.98
$400.00	$410.00	Oct 30	$2.24	$7.76	$2.24	36%	3.46	$402.24
$337.50	$340.00	Sep 25	$1.42	$1.08	$1.42	94%	0.76	$338.92
$370.00	$375.00	Oct 30	$1.67	$3.33	$1.67	54%	1.99	$371.67
$355.00	$360.00	Oct 30	$2.22	$2.78	$2.22	64%	1.25	$357.22

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$355.00	$350.00	Oct 30	$1.15	$3.85	$1.15	36%	3.35	$353.85
$360.00	$355.00	Oct 30	$1.40	$3.60	$1.40	39%	2.57	$358.60
$382.50	$377.50	Oct 2	$2.61	$2.39	$2.61	61%	0.92	$379.89
$370.00	$367.50	Oct 16	$0.85	$1.65	$0.85	46%	1.94	$369.15
$337.50	$335.00	Oct 9	$0.15	$2.35	$0.15	18%	15.67	$337.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 189 found (best R:R 1.33, avg 0.39)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$375.00	$380.00	Oct 30	$3.15	$3.15	$1.85	49%	1.70	$378.15
$377.50	$380.00	Oct 9	$1.67	$1.67	$0.83	53%	2.01	$379.17
$395.00	$400.00	Oct 23	$2.27	$2.27	$2.73	62%	0.83	$397.27
$427.50	$430.00	Sep 25	$0.37	$0.37	$2.13	96%	0.17	$427.87
$402.50	$405.00	Oct 2	$0.79	$0.79	$1.71	78%	0.46	$403.29

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$350.00	$345.00	Oct 30	$2.85	$2.85	$2.15	67%	1.33	$347.15
$355.00	$350.00	Oct 23	$2.73	$2.73	$2.27	65%	1.20	$352.27
$365.00	$360.00	Oct 30	$3.10	$3.10	$1.90	57%	1.63	$361.90
$365.00	$360.00	Oct 23	$2.90	$2.90	$2.10	58%	1.38	$362.10
$330.00	$325.00	Oct 23	$1.67	$1.67	$3.33	80%	0.50	$328.33

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 18 found (avg debit $4.71, cheapest $4.30)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$375.00	Sep 25	Oct 2	$4.58	57.1%	51.4%
$382.50	Sep 25	Oct 2	$4.27	56.3%	51.0%
$380.00	Sep 25	Oct 2	$4.70	56.5%	52.2%
$370.00	Sep 25	Oct 2	$5.28	54.7%	50.7%
$377.50	Sep 25	Oct 2	$4.90	56.3%	52.5%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$375.00	Sep 25	Oct 2	$4.30	57.1%	51.4%
$380.00	Sep 25	Oct 9	$7.57	56.5%	51.4%
$370.00	Sep 25	Oct 2	$4.40	54.7%	50.7%
$377.50	Sep 25	Oct 2	$4.89	56.3%	52.5%
$362.50	Sep 25	Oct 2	$4.18	54.8%	51.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 67 found (cheapest 4.51% of stock, avg 9.50%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$370.00	Sep 25	$9.15	$7.63	$16.78	$353.22	$386.78	4.51%
$372.50	Sep 25	$8.18	$8.95	$17.13	$355.37	$389.63	4.61%
$367.50	Sep 25	$11.00	$6.43	$17.43	$350.07	$384.93	4.69%
$375.00	Sep 25	$7.20	$10.33	$17.53	$357.47	$392.53	4.72%
$377.50	Sep 25	$6.08	$11.63	$17.71	$359.79	$395.21	4.76%
$365.00	Sep 25	$12.50	$5.40	$17.90	$347.10	$382.90	4.81%
$380.00	Sep 25	$5.20	$13.38	$18.58	$361.42	$398.58	5.00%
$362.50	Sep 25	$14.13	$4.55	$18.68	$343.82	$381.18	5.02%
$360.00	Sep 25	$15.93	$3.90	$19.83	$340.17	$379.83	5.33%
$357.50	Sep 25	$17.65	$3.10	$20.75	$336.75	$378.25	5.58%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.23% of stock, avg 7.30%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$382.50	$360.00	Sep 25	$4.38	$3.90	$8.28	$351.72	$390.78
$382.50	$362.50	Sep 25	$4.38	$4.55	$8.93	$353.57	$391.43
$380.00	$360.00	Sep 25	$5.20	$3.90	$9.10	$350.90	$389.10
$380.00	$362.50	Sep 25	$5.20	$4.55	$9.75	$352.75	$389.75
$382.50	$365.00	Sep 25	$4.38	$5.40	$9.78	$355.22	$392.28
$380.00	$365.00	Sep 25	$5.20	$5.40	$10.60	$354.40	$390.60
$377.50	$360.00	Sep 25	$6.08	$3.90	$9.98	$350.02	$387.48
$377.50	$362.50	Sep 25	$6.08	$4.55	$10.63	$351.87	$388.13
$382.50	$367.50	Sep 25	$4.38	$6.43	$10.81	$356.69	$393.31
$377.50	$365.00	Sep 25	$6.08	$5.40	$11.48	$353.52	$388.98

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 260 found (best R:R 7.77, avg credit $1.64)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
345/350	410/415	Oct 30	$4.43	$0.57	35%	7.77	$345.57	$414.43
345/350	415/420	Oct 30	$4.17	$0.83	38%	5.02	$345.83	$419.17
345/350	430/435	Oct 30	$3.77	$1.23	45%	3.07	$346.23	$433.77
350/355	415/420	Oct 23	$3.86	$1.14	38%	3.39	$351.14	$418.86
350/355	425/430	Oct 23	$3.53	$1.47	43%	2.40	$351.47	$428.53
350/355	405/410	Oct 23	$3.93	$1.07	34%	3.67	$351.07	$408.93
350/355	420/425	Oct 23	$3.48	$1.52	41%	2.29	$351.52	$423.48
325/330	415/420	Oct 23	$2.80	$2.20	54%	1.27	$327.20	$417.80
325/330	425/430	Oct 23	$2.47	$2.53	59%	0.98	$327.53	$427.47
320/325	410/415	Oct 30	$2.93	$2.07	50%	1.42	$322.07	$412.93

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 130 found (best R:R 61.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$400.00	$405.00	$410.00	Oct 9	$0.08	$4.92	8%	61.50
$385.00	$390.00	$395.00	Oct 9	$0.15	$4.85	8%	32.33
$377.50	$380.00	$382.50	Sep 25	$0.06	$2.44	8%	40.67
$357.50	$360.00	$362.50	Oct 2	$0.07	$2.43	6%	34.71
$360.00	$362.50	$365.00	Oct 2	$0.07	$2.43	6%	34.71

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$325.00	$330.00	$335.00	Oct 16	$0.07	$4.93	6%	70.43
$335.00	$340.00	$345.00	Oct 23	$0.06	$4.94	6%	82.33
$370.00	$372.50	$375.00	Sep 25	$0.06	$2.44	9%	40.67
$352.50	$355.00	$357.50	Oct 2	$0.05	$2.45	5%	49.00
$370.00	$372.50	$375.00	Oct 2	$0.06	$2.44	6%	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. 115 found (best net $-10.95, 108 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$310.00	$345.00	1:2	Oct 23	-$10.95	$24.05
$435.00	$440.00	1:2	Sep 25	-$0.01	$4.99
$430.00	$440.00	1:2	Oct 2	-$0.65	$9.35
$425.00	$430.00	1:2	Oct 2	-$0.47	$4.53
$405.00	$407.50	1:2	Sep 25	-$0.33	$2.17

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$300.00	$297.50	1:2	Sep 25	-$0.04	$2.46
$330.00	$327.50	1:2	Sep 25	-$0.07	$2.43
$305.00	$300.00	1:2	Oct 2	-$0.13	$4.87
$320.00	$315.00	1:2	Sep 25	-$0.11	$4.89
$322.50	$320.00	1:2	Oct 2	-$0.20	$2.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 99 found (best yield 4.36%, avg 1.92%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$390.00	Oct 30	$16.20	0.42	4.9%	4.36%	9.26%	2	--
$380.00	Oct 30	$19.50	0.48	2.2%	5.25%	7.46%	4	135
$385.00	Oct 30	$17.50	0.45	3.6%	4.71%	8.27%	3	38
$375.00	Oct 30	$21.70	0.51	0.9%	5.84%	6.71%	22	22
$395.00	Oct 30	$14.05	0.39	6.2%	3.78%	10.03%	2	173
$400.00	Oct 30	$12.40	0.36	7.6%	3.34%	10.93%	13	274
$410.00	Oct 30	$10.50	0.31	10.3%	2.82%	13.11%	12	45
$415.00	Oct 30	$8.95	0.29	11.6%	2.41%	14.04%	2	20
$390.00	Oct 23	$13.70	0.41	4.9%	3.69%	8.59%	3	34
$380.00	Oct 23	$17.30	0.47	2.2%	4.65%	6.87%	7	--

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 30,518

Total Puts 12,721

Put/Call Ratio 0.42

Net Difference 17,797

Prior's Put/Call Breakdown

Total Calls 40,674

Total Puts 25,875

Put/Call Ratio 0.64

Net Difference 14,799

Prior 7-Day Put/Call Summary

Total Calls 222,103

Total Puts 139,193

Average Put/Call Ratio 0.67

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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