Palo Alto Networks's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks PANW revealed 63 unusual trades.

Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 29 were puts, with a value of $2,023,176, and 34 were calls, valued at $2,217,245.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $367.5 for Palo Alto Networks, spanning the last three months.

Volume & Open Interest Trends

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 $200.0 to $367.5, over the past month.

Palo Alto Networks Call and Put Volume: 30-Day Overview

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.

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

• Trading volume stands at 9,761,236, with PANW's price up by 5.16%, positioned at $275.49.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 89 days.

What The Experts Say On Palo Alto Networks

5 market experts have recently issued ratings for this stock, with a consensus target price of $376.0.

• Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Palo Alto Networks with a target price of $425.
• In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $345.
• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Palo Alto Networks with a target price of $380.
• Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Palo Alto Networks, targeting a price of $350.
• Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Palo Alto Networks, targeting a price of $380.

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.