Financial giants have made a conspicuous bullish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks PANW revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $266,800, and 6 were calls, valued at $299,890.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $293.33 for Palo Alto Networks during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Palo Alto Networks options trades today is 1049.5 with a total volume of 1,000.00.
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 $240.0 to $293.33 over the last 30 days.
Palo Alto Networks 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PANW | PUT | SWEEP | BULLISH | 11/17/23 | $240.00 | $86.5K | 2.4K | 52 |
| PANW | CALL | TRADE | BULLISH | 01/17/25 | $260.00 | $78.4K | 817 | 16 |
| PANW | PUT | SWEEP | BEARISH | 12/15/23 | $270.00 | $76.3K | 804 | 10 |
| PANW | PUT | SWEEP | NEUTRAL | 11/17/23 | $240.00 | $70.0K | 2.4K | 571 |
| PANW | CALL | SWEEP | BULLISH | 11/17/23 | $250.00 | $65.6K | 3.6K | 27 |
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.
Having examined the options trading patterns of Palo Alto Networks, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Palo Alto Networks's Current Market Status
- With a volume of 814,633, the price of PANW is up 0.34% at $254.37.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 2 days.
Expert Opinions on Palo Alto Networks
2 market experts have recently issued ratings for this stock, with a consensus target price of $302.5.
- An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $300.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $305.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
