Looking At Palo Alto Networks's Recent Unusual Options Activity

Financial giants have made a conspicuous bearish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks PANW revealed 34 unusual trades.

Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $1,050,326, and 18 were calls, valued at $1,441,447.

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 $100.0 to $420.0 for Palo Alto Networks during the past quarter.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Palo Alto Networks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Palo Alto Networks's substantial trades, within a strike price spectrum from $100.0 to $420.0 over the preceding 30 days.

Palo Alto Networks 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Where Is Palo Alto Networks Standing Right Now?

• Trading volume stands at 1,138,382, with PANW's price down by -0.18%, positioned at $339.57.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 25 days.

What Analysts Are Saying About Palo Alto Networks

In the last month, 4 experts released ratings on this stock with an average target price of $333.75.

• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Palo Alto Networks with a target price of $335.
• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Palo Alto Networks with a target price of $390.
• An analyst from Truist Securities has decided to maintain their Buy rating on Palo Alto Networks, which currently sits at a price target of $330.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $280.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Palo Alto Networks options trades with real-time alerts from Benzinga Pro.