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 20 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $223,425 and 14, calls, for a total amount of $901,268.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $350.0 for Palo Alto Networks over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Palo Alto Networks stands at 951.06, with a total volume reaching 3,136.00. 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 $240.0 to $350.0, throughout the last 30 days.
Palo Alto Networks 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PANW | CALL | SWEEP | BULLISH | 06/21/24 | $320.00 | $147.4K | 487 | 41 |
| PANW | CALL | SWEEP | BULLISH | 01/12/24 | $322.50 | $138.7K | 483 | 250 |
| PANW | CALL | TRADE | BULLISH | 02/16/24 | $250.00 | $121.5K | 427 | 15 |
| PANW | CALL | TRADE | BEARISH | 06/21/24 | $330.00 | $94.6K | 1.1K | 309 |
| PANW | CALL | SWEEP | BULLISH | 01/19/24 | $325.00 | $86.6K | 1.0K | 793 |
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.
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.
Current Position of Palo Alto Networks
- With a trading volume of 1,353,501, the price of PANW is up by 0.16%, reaching $324.02.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 39 days from now.
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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