Looking At Palo Alto Networks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 15 uncommon options trades, with 66% being bearish and 33% bullish. The targeted price range for PANW over the last 3 months is $133.33 to $260.0.
June 06, 2023 | 3:03 pm
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A large investor has taken a bearish stance on Palo Alto Networks (NASDAQ:PANW) with unusual options activity. 66% of the trades are bearish, while 33% are bullish, targeting a price range of $133.33 to $260.0.
The unusual options activity, with a majority being bearish, indicates that a large investor is expecting a decline in PANW's stock price. This could lead to increased selling pressure and a potential short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100