This Is What Whales Are Betting On Palo Alto Networks

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

Looking at options history for Palo Alto Networks PANW we detected 33 trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $172,127 and 29, calls, for a total amount of $1,861,212.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $170.0 to $300.0 for Palo Alto Networks during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $170.0 to $300.0 in 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.

Current Position of Palo Alto Networks

• Trading volume stands at 1,584,649, with PANW's price up by 0.59%, positioned at $265.58.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 90 days.

Expert Opinions on Palo Alto Networks

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $286.0.

• An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $280.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Palo Alto Networks with a target price of $280.
• An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $300.
• In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $265.
• In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $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.