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Mixed options sentiment in Palo Alto Networks with shares up 0.38%

Mixed options sentiment in Palo Alto Networks (PANW), with shares up 71c, or 0.38%, near $185.26. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.53. Implied volatility (IV30) dropped 0.0 near 27.56,in the bottom quartile of the past year, suggesting an expected daily move of $3.22. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at BofA.

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