Mixed options sentiment in Palo Alto Networks (PANW), with shares up $6.10, or 4.21%, near $150.94. Options volume roughly in line with average with 30k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 1.01. Implied volatility (IV30) dropped 0.64 near 39.99,and above the 52wk median, suggesting an expected daily move of $3.80. Put-call skew steepened, indicating increased demand for downside protection.
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