Investors are increasingly demonstrating optimism towards Palo Alto Networks (PANW, Financial), as evidenced by a surge in options trading activity. The company has witnessed the trading of 14,880 call contracts, exceeding typical expectations by 20%. This activity has contributed to a rise in implied volatility, now reaching 44.72%.
The June 2026 call options at a strike price of $170, as well as the April 2025 put options at $165, are seeing the majority of the volume, with nearly 4,200 contracts circulating in these particular strikes. Highlighting the bullish sentiment, the Put/Call Ratio stands at 0.42, indicating a higher preference for call options over puts.
As Palo Alto Networks prepares to release its earnings report on May 13, market participants are closely monitoring the stock, anticipating potential impacts on its performance and considering strategic positions in these active option strikes.
