Unusual Options Activity & Dark Pool Volumes in Palo Alto Networks, Inc. (PANW)

Unusual Options Activity & Dark Pool Volumes in Palo Alto Networks, Inc. (PANW)
Seen above are Palo Alto Networks, Inc.’s unusual options activity on September 14th, 2021, all with premiums traded at or above $1,000,000.

Unusual Options Activity in Palo Alto Networks, Inc. (PANW)

On September 13th, 2021, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Palo Alto Networks, Inc. (PANW) which closed Monday, September 13th at $476.12.

There were 460 contracts traded on the $460 strike call option at the ask, dated for October 15th, 2021, representing 46,000 shares, or approximately $12,180,000 of premium.  

There were also an additional 35,000 contracts traded on the $15 strike call option at the ask, for the same date, representing another 3,500,000 shares, or approximately $21,070,000 of premium.

These orders come after statements made Monday from Palo Alto Networks, Inc. that in its FY22 outlook it raised expectations for adjusted free cash flow margin to be in the range of between 32% to 33%, up from earlier guidance of 30%.  The company confirmed its guidance for Q1 of FY22 in which it expects non-GAAP EPS of $1.55 to $1.58 and revenue of $1.19 billion to $1.21 billion.  

Seen above are the noteworthy options orders in Palo Alto Networks, Inc. (PANW) from the Unusual Whales Flow.

Then, on September 14th, 2021, there were another 100 contracts traded on the $500 strike call option at the ask, dated for September 17th, 2021, representing approximately 10,000 shares, and this continued along into later in the day with another series of trades, pictured above.

Seen above are Palo Alto Networks, Inc.’s unusual options activity on September 14th, 2021, all with premiums traded at or above $1,000,000.

While the whales listed here were bearish at 51.25% compared to bullish at 48.75%, their premiums collected were not entirely short-term, as seen, and also in some instances likely parts of spreads or strategies otherwise.

PANW’s price, in blue, since June 23rd, 2021, there was 21,926 call volume today, in green.

Additionally, per the chart below, representing PANW’s price, in blue, since June 23rd, 2021, there was 21,926 call volume today, in green.  Open interest, in yellow, has climbed to 183,990 as of September 13th’s close.  Put volume, in red, has not had any noteworthy changes recently since its high at 44,565 on August 24th, 2021.

For additional information on the above unusual options activity in Palo Alto Networks, Inc., read our initial report on Nasdaq.com.

Noteworthy Dark Pool Volumes in Palo Alto Networks, Inc. (PANW)

Alongside the unusual options activity detected by the Unusual Whales Flow, there were also noteworthy or significant dark pool volumes on several dates prior to this options activity.

On August 24th, 2021, the Unusual Whales Dark Flow tool detected unusual or noteworthy dark pool activity in Palo Alto Networks, Inc. (PANW) which settled that day at $441.87.

Seen above is the dark flow volume on August 24th, 2021, with a noteworthy increase of 1,967,889 units traded, compared to its mean at or around 300 units.
Seen above are dark flow orders up to September 13th, 2021, arranged descending by the sizes of the orders.

As can be seen, the August 24th orders are substantial on the flow, however September 9th’s order stands out above the rest as it carried a higher size of 57,100 units traded and of a higher premium at $27,000,000.

However, it must be stated that the largest order of date was a sell-side order, and there have been orders of $22,000,000, or 50,122 units, traded below the bid--typically this implies a seller looking to be out a position they can no longer maintain, as this trade was not contingent upon some event.

For more information about PANW’s unusual options or dark pool activity, visit unusualwhales.com.

For more information on unusual options activity, subscribe to the Unusual Blog or visit unusualwhales.com.