Decoding Palo Alto Networks's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bullish stance on Palo Alto Networks.

Looking at options history for Palo Alto Networks PANW we detected 24 trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 29% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $1,409,024 and 14, calls, for a total amount of $947,868.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $235.0 for Palo Alto Networks during the past quarter.

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 $125.0 to $235.0 in the last 30 days.

Palo Alto Networks 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

In light of the recent options history for Palo Alto Networks, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Palo Alto Networks's Current Market Status

• With a volume of 3,426,594, the price of PANW is down -0.12% at $201.0.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 62 days.

What Analysts Are Saying About Palo Alto Networks

5 market experts have recently issued ratings for this stock, with a consensus target price of $446.0.

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. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Palo Alto Networks, which currently sits at a price target of $450. * An analyst from Jefferies has decided to maintain their Buy rating on Palo Alto Networks, which currently sits at a price target of $450. * An analyst from B of A Securities persists with their Neutral rating on Palo Alto Networks, maintaining a target price of $430. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $450. * An analyst from Needham has decided to maintain their Buy rating on Palo Alto Networks, which currently sits at a price target 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.