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Palo Alto Networks call volume above normal and directionally bullish

Bullish option flow detected in Palo Alto Networks (PANW) with 14,880 calls trading, 1.2x expected, and implied vol increasing over 1 point to 44.72%. Jun-26 170 calls and Apr-25 165 puts are the most active options, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 0.42. Earnings are expected on May 13th.

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