BeStock  

Palo Alto Networks PANW

US equityMarket cap rank #60Software - InfrastructureCybersecurity
$313.84 −$0.83 (-0.26%)
Market closed · Nov 6, 9:50 pm ET · Last extended-hours $313.94 +0.03%
Open$331.50
Prev close$314.67
Day range$312.70 – $331.90
Volume6.29M
Market cap$256.96B
P/E (TTM)784.6
Dividend yield–

Average implied volatility across the listed chain right now: 82%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.

Open interest by strike

80185253290328365403440478580680CallsPuts

Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.

Implied volatility by strike

-32%95%222%350%80358680CallsPuts

The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.

Calls

ExpiryStrikeLastBid/AskVolumeOpen interestIV
13 Nov 2026 $315.00 $11.92 $10.00/$13.10 9 11 79%
13 Nov 2026 $312.50 $16.25 $11.20/$15.40 0 0 83%
13 Nov 2026 $317.50 $10.95 $8.60/$12.45 25 6 80%
13 Nov 2026 $310.00 $14.20 $13.15/$16.20 9 11 83%
13 Nov 2026 $320.00 $9.20 $7.90/$10.60 92 20 78%
13 Nov 2026 $307.50 $19.50 $13.55/$18.30 22 0 82%
13 Nov 2026 $322.50 $10.51 $7.00/$9.05 15 17 77%
13 Nov 2026 $305.00 $18.50 $16.05/$19.30 10 4 85%
13 Nov 2026 $325.00 $7.97 $7.20/$9.40 36 35 85%
13 Nov 2026 $302.50 $21.65 $17.45/$21.20 12 0 86%
13 Nov 2026 $327.50 $6.80 $5.30/$7.80 45 5 78%
13 Nov 2026 $300.00 $21.70 $18.60/$23.00 24 4 85%
13 Nov 2026 $330.00 $5.56 $5.55/$6.15 206 186 78%
13 Nov 2026 $297.50 $25.85 $20.40/$24.05 0 1 83%
13 Nov 2026 $332.50 $6.30 $3.55/$6.35 138 52 77%

Puts

ExpiryStrikeLastBid/AskVolumeOpen interestIV
13 Nov 2026 $315.00 $12.90 $11.80/$14.15 125 329 82%
13 Nov 2026 $312.50 $11.72 $10.75/$12.70 10 190 82%
13 Nov 2026 $317.50 $12.97 $11.65/$16.90 31 23 82%
13 Nov 2026 $310.00 $10.70 $7.95/$12.15 75 448 79%
13 Nov 2026 $320.00 $14.22 $14.20/$16.65 139 462 80%
13 Nov 2026 $307.50 $8.85 $9.10/$9.85 8 77 83%
13 Nov 2026 $322.50 $15.55 $14.10/$19.70 9 15 79%
13 Nov 2026 $305.00 $8.65 $7.90/$9.90 664 171 86%
13 Nov 2026 $325.00 $16.70 $16.25/$21.35 25 613 81%
13 Nov 2026 $302.50 $9.90 $7.15/$8.95 0 75 87%
13 Nov 2026 $327.50 $16.96 $17.75/$23.00 3 62 81%
13 Nov 2026 $300.00 $7.25 $6.60/$7.90 102 425 88%
13 Nov 2026 $330.00 $21.11 $19.45/$23.90 33 323 77%
13 Nov 2026 $297.50 $6.20 $3.85/$6.45 57 166 78%
13 Nov 2026 $332.50 $21.50 $21.40/$26.45 4 82 81%

Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.

Discussion

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