Mixed options sentiment in Palo Alto Networks (PANW), with shares up $2.21, or 1.11%, near $201.45. Options volume running well above average with 46k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.55. Implied volatility (IV30) dropped 0.35 near 26.91,in the lowest 10% of observations over the past year, suggesting an expected daily move of $3.41. Put-call skew flattened, suggesting a modestly bullish tone.
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