Mixed options sentiment in Palo Alto Networks (PANW), with shares up $2.08, or 1.08%, near $193.60. Options volume relatively light with 24k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.53. Implied volatility (IV30) dropped 0.5 near 27.52,in the bottom quartile of the past year, suggesting an expected daily move of $3.36. Put-call skew steepened, indicating increased demand for downside protection.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PANW:
- Palo Alto Networks: Strategic Platformization and Strong Financial Outlook Justify Buy Rating
- Kraft Heinz announces separation, Elliott builds $4B PepsiCo stake: Morning Buzz
- Palo Alto Networks data breach exposes customer info, BleepingComputer says
- SentinelOne price target raised to $20 from $18 at Morgan Stanley
- Palo Alto Networks price target raised, named a Top Pick at Morgan Stanley