Financial giants have made a conspicuous bullish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks PANW revealed 15 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $171,600, and 11 were calls, valued at $792,481.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $450.0 for Palo Alto Networks over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Palo Alto Networks's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palo Alto Networks's whale activity within a strike price range from $200.0 to $450.0 in the last 30 days.
Palo Alto Networks Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PANW | CALL | SWEEP | BULLISH | 02/21/25 | $23.75 | $22.7 | $23.71 | $400.00 | $231.8K | 524 | 100 |
| PANW | CALL | TRADE | BULLISH | 03/21/25 | $12.75 | $12.4 | $12.75 | $450.00 | $126.2K | 501 | 100 |
| PANW | CALL | SWEEP | BULLISH | 03/21/25 | $20.55 | $19.55 | $20.48 | $420.00 | $102.4K | 276 | 58 |
| PANW | CALL | SWEEP | NEUTRAL | 03/21/25 | $30.75 | $30.4 | $30.72 | $400.00 | $82.9K | 417 | 84 |
| PANW | CALL | TRADE | BULLISH | 01/24/25 | $15.5 | $14.85 | $15.5 | $400.00 | $69.7K | 48 | 49 |
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 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.
Palo Alto Networks's Current Market Status
- Currently trading with a volume of 955,126, the PANW's price is up by 2.15%, now at $398.13.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 69 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Palo Alto Networks with Benzinga Pro for real-time alerts.
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