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Investors with a lot of money to spend have taken a bullish stance on Palo Alto Networks (NASDAQ:PANW).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PANW, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 20 uncommon options trades for Palo Alto Networks.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 45%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $132,029, and 16 are calls, for a total amount of $592,745.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $390.0 for Palo Alto Networks during the past quarter.
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 $300.0 to $390.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
PANW | CALL | TRADE | BULLISH | 10/18/24 | $7.8 | $7.6 | $7.8 | $390.00 | $62.4K | 90 | 230 |
PANW | CALL | TRADE | BEARISH | 01/17/25 | $60.8 | $60.0 | $60.0 | $300.00 | $60.0K | 3.0K | 12 |
PANW | CALL | TRADE | BEARISH | 01/17/25 | $34.15 | $31.1 | $31.1 | $350.00 | $46.6K | 2.6K | 15 |
PANW | PUT | TRADE | BEARISH | 09/20/24 | $14.55 | $14.25 | $14.55 | $320.00 | $43.6K | 1.6K | 36 |
PANW | CALL | TRADE | BULLISH | 09/20/24 | $6.0 | $5.8 | $6.0 | $380.00 | $40.8K | 2.5K | 116 |
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.
5 market experts have recently issued ratings for this stock, with a consensus target price of $352.0.
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.
Posted In: PANW