Palo Alto Networks Options Trading: A Deep Dive into Market Sentiment

High-rolling investors have positioned themselves bullish on Palo Alto Networks PANW, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PANW often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for Palo Alto Networks. This is not a typical pattern.

The sentiment among these major traders is split, with 62% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $26,400, and 7 calls, totaling $547,627.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $330.0 for Palo Alto Networks during the past quarter.

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 $150.0 to $330.0, over the past month.

Palo Alto Networks 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PANW CALL TRADE BULLISH 03/21/25 $84.25 $82.35 $84.25 $240.00 $168.5K 143 20
PANW CALL TRADE BULLISH 01/17/25 $87.8 $86.45 $87.8 $230.00 $87.8K 230 10
PANW CALL TRADE BEARISH 01/17/25 $41.0 $40.7 $40.7 $300.00 $81.4K 3.5K 20
PANW CALL TRADE BULLISH 01/17/25 $79.5 $78.55 $79.5 $240.00 $79.5K 436 10
PANW CALL SWEEP BEARISH 09/20/24 $23.45 $23.3 $23.3 $310.00 $58.2K 748 29

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

  • With a volume of 277,754, the price of PANW is up 0.38% at $303.04.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 67 days.

What Analysts Are Saying About Palo Alto Networks

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $353.8.

  • Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Palo Alto Networks, targeting a price of $340.
  • An analyst from Morgan Stanley downgraded its action to Overweight with a price target of $360.
  • An analyst from Wedbush downgraded its action to Outperform with a price target of $375.
  • Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Palo Alto Networks with a target price of $364.
  • Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Palo Alto Networks with a target price of $330.

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.

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Posted In: OptionsMarketsBZI-UOA
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