27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Palo Alto Networks.
Looking at options history for Palo Alto Networks (NASDAQ:PANW) we detected 33 strange trades.
If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 51% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $644,870 and 28, calls, for a total amount of $1,781,434.
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 $195.0 to $306.67 for Palo Alto Networks over the last 3 months.
Volume & Open Interest Development
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 $195.0 to $306.67 in the last 30 days.
Palo Alto Networks Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PANW | CALL | TRADE | BEARISH | 12/15/23 | $220.00 | $226.5K | 399 | 0 |
| PANW | CALL | SWEEP | BEARISH | 07/21/23 | $250.00 | $189.9K | 5.3K | 212 |
| PANW | PUT | SWEEP | BULLISH | 01/19/24 | $266.67 | $184.9K | 6 | 176 |
| PANW | PUT | SWEEP | BULLISH | 01/19/24 | $266.67 | $168.6K | 6 | 108 |
| PANW | CALL | SWEEP | BULLISH | 09/15/23 | $280.00 | $162.0K | 764 | 418 |
Where Is Palo Alto Networks Standing Right Now?
- With a volume of 3,398,229, the price of PANW is up 1.27% at $257.88.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 47 days.
What The Experts Say On Palo Alto Networks:
- BTIG has decided to maintain their Buy rating on Palo Alto Networks, which currently sits at a price target of $307.
- RBC Capital has decided to maintain their Outperform rating on Palo Alto Networks, which currently sits at a price target of $277.
- Mizuho downgraded its action to Buy with a price target of $230
- B of A Securities has decided to maintain their Buy rating on Palo Alto Networks, which currently sits at a price target of $250.
- Morgan Stanley has decided to maintain their Overweight rating on Palo Alto Networks, which currently sits at a price target of $302.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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