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Check Out What Whales Are Doing With PANW

Benzinga Real-time News ·  {{timeTz}}

Someone with a lot of money to spend has taken a bearish stance on Palo Alto Networks (NASDAQ:PANW).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Palo Alto Networks.

This isn't normal.

The overall sentiment of these big-money traders is split between 35% bullish and 64%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $283,605, and 7 are calls, for a total amount of $213,520.

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 $400.0 to $570.0 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 $400.0 to $570.0 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 PUT TRADE BEARISH 09/16/22 $460.00 $53.3K 294 34
PANW PUT TRADE BEARISH 09/16/22 $480.00 $52.9K 182 19
PANW PUT TRADE BEARISH 09/16/22 $520.00 $51.9K 378 11
PANW PUT SWEEP BULLISH 07/29/22 $450.00 $35.9K 32 50
PANW PUT TRADE BEARISH 09/16/22 $440.00 $35.4K 208 28

Where Is Palo Alto Networks Standing Right Now?

  • With a volume of 986,433, the price of PANW is up 3.2% at $509.73.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 52 days.

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.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.


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