Behind the Scenes of Palo Alto Networks's Latest Options Trends

Deep-pocketed investors have adopted a bearish approach towards Palo Alto Networks PANW, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PANW usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Palo Alto Networks. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 4 are puts, totaling $221,715, and 11 are calls, amounting to $626,033.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $360.0 for Palo Alto Networks over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Palo Alto Networks options trades today is 1263.64 with a total volume of 2,200.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Palo Alto Networks's big money trades within a strike price range of $150.0 to $360.0 over the last 30 days.

Palo Alto Networks Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Palo Alto Networks

Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.

After a thorough review of the options trading surrounding Palo Alto Networks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Palo Alto Networks

• Trading volume stands at 540,725, with PANW's price down by -0.6%, positioned at $278.52.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 71 days.

Expert Opinions on Palo Alto Networks

In the last month, 5 experts released ratings on this stock with an average target price of $374.0.

• Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Palo Alto Networks with a target price of $325.
• An analyst from Oppenheimer persists with their Outperform rating on Palo Alto Networks, maintaining a target price of $305.
• An analyst from Stifel persists with their Buy rating on Palo Alto Networks, maintaining a target price of $410.
• An analyst from Keybanc has decided to maintain their Overweight rating on Palo Alto Networks, which currently sits at a price target of $380.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Palo Alto Networks, targeting a price of $450.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Palo Alto Networks, Benzinga Pro gives you real-time options trades alerts.