Investors with a lot of money to spend have taken a bearish stance on Palo Alto Networks PANW.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PANW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 20 options trades for Palo Alto Networks.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 65%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $312,000, and 19, calls, for a total amount of $1,102,090.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $430.0 for Palo Alto Networks, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Palo Alto Networks stands at 535.5, with a total volume reaching 628.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Palo Alto Networks, situated within the strike price corridor from $150.0 to $430.0, throughout the last 30 days.
Palo Alto Networks Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PANW | PUT | TRADE | BULLISH | 01/16/26 | $260.00 | $312.0K | 37 | 0 |
| PANW | CALL | TRADE | BEARISH | 01/16/26 | $400.00 | $114.1K | 70 | 26 |
| PANW | CALL | TRADE | BEARISH | 11/15/24 | $350.00 | $96.0K | 72 | 30 |
| PANW | CALL | SWEEP | NEUTRAL | 01/17/25 | $250.00 | $89.7K | 867 | 10 |
| PANW | CALL | TRADE | BULLISH | 01/16/26 | $410.00 | $88.0K | 45 | 0 |
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.
Following our analysis of the options activities associated with Palo Alto Networks, we pivot to a closer look at the company's own performance.
Where Is Palo Alto Networks Standing Right Now?
- Trading volume stands at 1,462,159, with PANW's price up by 0.46%, positioned at $309.0.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 63 days.
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.
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