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.
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