Financial giants have made a conspicuous bearish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks PANW revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $1,229,380, and 10 were calls, valued at $550,019.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $250.0 and $300.0 for Palo Alto Networks, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Palo Alto Networks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Palo Alto Networks's significant trades, within a strike price range of $250.0 to $300.0, over the past month.
Palo Alto Networks Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PANW | PUT | TRADE | BULLISH | 06/21/24 | $280.00 | $1.1M | 187 | 600 |
| PANW | CALL | SWEEP | BEARISH | 01/17/25 | $250.00 | $155.9K | 874 | 25 |
| PANW | CALL | SWEEP | BEARISH | 01/12/24 | $275.00 | $66.2K | 75 | 40 |
| PANW | CALL | TRADE | BULLISH | 06/20/25 | $300.00 | $57.5K | 131 | 10 |
| PANW | CALL | SWEEP | BULLISH | 03/15/24 | $300.00 | $49.8K | 2.8K | 38 |
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
Present Market Standing of Palo Alto Networks
- With a trading volume of 560,492, the price of PANW is down by -0.57%, reaching $287.86.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 42 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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