Financial giants have made a conspicuous bearish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks PANW revealed 25 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $634,565, and 13 were calls, valued at $1,022,718.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $350.0 for Palo Alto Networks over the last 3 months.
Insights into Volume & Open Interest
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 $150.0 to $350.0 in the last 30 days.
Palo Alto Networks Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PANW | CALL | TRADE | BEARISH | 09/20/24 | $300.00 | $181.2K | 165 | 2 |
| PANW | CALL | SWEEP | BULLISH | 01/19/24 | $240.00 | $163.4K | 1.3K | 33 |
| PANW | PUT | TRADE | BEARISH | 06/21/24 | $220.00 | $156.0K | 657 | 300 |
| PANW | CALL | TRADE | BULLISH | 02/16/24 | $250.00 | $120.3K | 434 | 55 |
| PANW | CALL | TRADE | BULLISH | 02/16/24 | $250.00 | $111.2K | 434 | 80 |
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
- Currently trading with a volume of 1,678,188, the PANW's price is down by -1.0%, now at $291.94.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 49 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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