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Bearish options flow identified in Palo Alto Networks with shares down 3.11%

Bearish options flow identified in Palo Alto Networks (PANW), with shares down $4.62 near $144.07. Options volume running well above average with 82k contracts traded and puts leading calls for a put/call ratio of 1.14, compared to a typical level near 0.99. Implied volatility (IV30) is higher by 3.7 points near 43.14,and above the 52wk median, suggesting an expected daily move of $3.92. Put-call skew steepened, indicating increased demand for downside protection.

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