Moderately bullish activity in Palo Alto Networks (PANW), with shares up $5.06, or 2.79%, near $186.62. Options volume running well above average with 89k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 0.1 points near 30.64,and below the 52wk median, suggesting an expected daily move of $3.60. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at BofA.
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