Palo Alto Networks Inc (PANW) Options Statistics & Positioning

Palo Alto Networks Inc (PANW) options trade at a 30-day at-the-money implied volatility of 64.1%, an IV rank of 13 out of 100 over the past year. The options market prices a ±$58.69 (±16.8%) move in PANW for the front expiration. Max pain sits at $270 and the put/call open interest ratio is 0.89. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$350.00

52-week range

$141.65 – $394.17

ATM IV (30d)

64.1%

IV rank

13 / 100

Low

Expected move

±$58.69 (±16.8%)

Put/call OI

0.89

Max pain

$270

↓ 22.9% below close

Next earnings

Sep 3, 2026

Most Active PANW Contracts

Contract	Expiration	DTE	Last	IV	Volume
PANW $300 put	Sep 18, 2026	25d	$5.60	—	861
PANW $95 put	Sep 11, 2026	18d	$0.02	—	562
PANW $180 put	Sep 18, 2026	25d	$0.03	—	489
PANW $350 call	Aug 28, 2026	4d	$9.15	—	441
PANW $170 put	Sep 4, 2026	11d	$0.02	—	415

See all active PANW contracts →

Explore PANW Options Statistics

PANW Implied Volatility

64.1% ATM IV (30d)

An IV rank of 13 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

PANW Open Interest

0.89 put/call OI ratio

197,395 calls and 176,288 puts outstanding across all expirations.

Full open interest analysis →

PANW Max Pain

$270 max pain

22.9% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

PANW Gamma Exposure

-$15.94M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

PANW Options Volume

24,376 contracts traded

Put/call volume ratio 1.41 — plus contracts running far above their usual volume.

Full volume & flow analysis →

PANW Most Active Options

$300 top volume strike

The 25 most actively traded PANW contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

PANW's next expected earnings date is Sep 3, 2026. Options currently price a ±$58.69 (±16.8%) move for the front expiration.

Explore the payoff profile of option on PANW for free

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PANW Options FAQ

When is PANW's next earnings date?

PANW's next expected earnings date is Sep 3, 2026. Options currently price a ±$58.69 (±16.8%) move for the front expiration.

How often is PANW options data on this page updated?

All PANW statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see PANW max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated PANW pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.